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Form 8.5 (EPT/NON-RI) xstrata

3rd Oct 2012 13:54

RNS Number : 8435N
BNP Paribas London
03 October 2012
 

 

FORM 8.5 (EPT/NON-RI)

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the "Code")

 

1. KEY INFORMATION

 

(a) Name of exempt principal trader:

BNP Paribas

(b) Name of offeror/offeree in relation to whose relevant securities this form relates:

Use a separate form for each offeror/offeree

Xstrata plc

 

(c) Name of the party to the offer with which exempt principal trader is connected:

Glencore International plc

(d) Date position held/dealing undertaken:

02/10/2012

(e) Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer?

Yes

 

 

2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER

 

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

 

Class of relevant security:

 

USD 0.5 ordinary

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

13,299,143

0.44

n/a

0.00

(2) Derivatives (other than options):

1,891,222

0.06

5,721,790

0.19

(3) Options and agreements to purchase/sell:

14,584,294

0.49

10,524,888

0.35

 

TOTAL:

29,774,659

0.99

16,246,678

0.54

 

All interests and all short positions should be disclosed.

 

Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

 

(b) Rights to subscribe for new securities (including directors' and other executive options)

 

Class of relevant security in relation to which subscription right exists:

n/a

Details, including nature of the rights concerned and relevant percentages:

n/a

 

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

 

 

 

 

 

 

 

 

3. DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a) Purchases and sales

 

Class of relevant security

Purchase/sale

 

Number of Securities

Price per unit

USD 0.5 ordinary

Purchase

773

9.8800

USD 0.5 ordinary

Purchase

732

9.8790

USD 0.5 ordinary

Purchase

479

9.8780

USD 0.5 ordinary

Purchase

168

9.8730

USD 0.5 ordinary

Purchase

1,998

9.8700

USD 0.5 ordinary

Purchase

556

9.8660

USD 0.5 ordinary

Purchase

415

9.8630

USD 0.5 ordinary

Purchase

513

9.8610

USD 0.5 ordinary

Purchase

634

9.8600

USD 0.5 ordinary

Purchase

120

9.8590

USD 0.5 ordinary

Purchase

50,000

9.8569

USD 0.5 ordinary

Purchase

1,728

9.8560

USD 0.5 ordinary

Purchase

2,043

9.8540

USD 0.5 ordinary

Purchase

422

9.8510

USD 0.5 ordinary

Purchase

169

9.8500

USD 0.5 ordinary

Purchase

322

9.8470

USD 0.5 ordinary

Purchase

447

9.8460

USD 0.5 ordinary

Purchase

328

9.8450

USD 0.5 ordinary

Purchase

2,028

9.8440

USD 0.5 ordinary

Purchase

104

9.8400

USD 0.5 ordinary

Purchase

2,200

9.8371

USD 0.5 ordinary

Purchase

640

9.8370

USD 0.5 ordinary

Purchase

1,230

9.8360

USD 0.5 ordinary

Purchase

764

9.8350

USD 0.5 ordinary

Purchase

653

9.8340

USD 0.5 ordinary

Purchase

2,555

9.8320

USD 0.5 ordinary

Purchase

60

9.8310

USD 0.5 ordinary

Purchase

299

9.8290

USD 0.5 ordinary

Purchase

1,230

9.8280

USD 0.5 ordinary

Purchase

3,696

9.8270

USD 0.5 ordinary

Purchase

158

9.8260

USD 0.5 ordinary

Purchase

4,475

9.8240

USD 0.5 ordinary

Purchase

353

9.8230

USD 0.5 ordinary

Purchase

581

9.8210

USD 0.5 ordinary

Purchase

1,168

9.8200

USD 0.5 ordinary

Purchase

81

9.8180

USD 0.5 ordinary

Purchase

1,606

9.8170

USD 0.5 ordinary

Purchase

325

9.8160

USD 0.5 ordinary

Purchase

81

9.8150

USD 0.5 ordinary

Purchase

46

9.8140

USD 0.5 ordinary

Purchase

56

9.8120

USD 0.5 ordinary

Purchase

810

9.8010

USD 0.5 ordinary

Purchase

130

9.7980

USD 0.5 ordinary

Purchase

374

9.7910

USD 0.5 ordinary

Purchase

38

9.7350

USD 0.5 ordinary

Purchase

128

9.7290

USD 0.5 ordinary

Purchase

21

9.7270

USD 0.5 ordinary

Purchase

427

9.7160

USD 0.5 ordinary

Purchase

299

9.7120

USD 0.5 ordinary

Purchase

236

9.7060

USD 0.5 ordinary

Purchase

699

9.7050

USD 0.5 ordinary

Purchase

856

9.6990

USD 0.5 ordinary

Purchase

1,942

9.6960

USD 0.5 ordinary

Purchase

493

9.6910

USD 0.5 ordinary

Purchase

1,210

9.6870

USD 0.5 ordinary

Purchase

52

9.6860

USD 0.5 ordinary

Purchase

876

9.6840

USD 0.5 ordinary

Purchase

1,105

9.6820

USD 0.5 ordinary

Purchase

2,006

9.6810

USD 0.5 ordinary

Purchase

126

9.6770

USD 0.5 ordinary

Purchase

803

9.6740

USD 0.5 ordinary

Purchase

1,104

9.6720

USD 0.5 ordinary

Purchase

101,643

9.6660

USD 0.5 ordinary

Purchase

340

9.6650

USD 0.5 ordinary

Purchase

25

9.6640

USD 0.5 ordinary

Purchase

503

9.6610

USD 0.5 ordinary

Purchase

213

9.6600

USD 0.5 ordinary

Purchase

744

9.6580

USD 0.5 ordinary

Purchase

3,267

9.6560

USD 0.5 ordinary

Purchase

469

9.6550

USD 0.5 ordinary

Purchase

911

9.6540

USD 0.5 ordinary

Purchase

534

9.6510

USD 0.5 ordinary

Purchase

96

9.6460

USD 0.5 ordinary

Purchase

352

9.6450

USD 0.5 ordinary

Purchase

1,887

9.6430

USD 0.5 ordinary

Purchase

30,235

9.6400

USD 0.5 ordinary

Purchase

484

9.6360

USD 0.5 ordinary

Purchase

19,851

9.6330

USD 0.5 ordinary

Purchase

2,074

9.6320

USD 0.5 ordinary

Purchase

1,923

9.6310

USD 0.5 ordinary

Purchase

1,335

9.6300

USD 0.5 ordinary

Purchase

830

9.6270

USD 0.5 ordinary

Purchase

405

9.6240

USD 0.5 ordinary

Purchase

354

9.6220

Total

268,446

USD 0.5 ordinary

Purchase

705

9.8890

USD 0.5 ordinary

Purchase

465

9.8880

USD 0.5 ordinary

Purchase

400

9.8870

USD 0.5 ordinary

Purchase

75

9.8851

USD 0.5 ordinary

Purchase

1,785

9.8850

USD 0.5 ordinary

Purchase

1,353

9.8840

USD 0.5 ordinary

Purchase

16

9.8838

USD 0.5 ordinary

Purchase

1,680

9.8830

USD 0.5 ordinary

Purchase

736

9.8820

USD 0.5 ordinary

Purchase

805

9.8810

USD 0.5 ordinary

Purchase

1,424

9.8800

USD 0.5 ordinary

Purchase

1,959

9.8790

USD 0.5 ordinary

Purchase

31

9.8781

USD 0.5 ordinary

Purchase

3,629

9.8780

USD 0.5 ordinary

Purchase

3,839

9.8770

USD 0.5 ordinary

Purchase

2,293

9.8750

USD 0.5 ordinary

Purchase

3,898

9.8740

USD 0.5 ordinary

Purchase

4,115

9.8730

USD 0.5 ordinary

Purchase

1

9.8700

USD 0.5 ordinary

Purchase

800

9.8690

USD 0.5 ordinary

Purchase

1,367

9.8680

USD 0.5 ordinary

Purchase

1,921

9.8640

USD 0.5 ordinary

Purchase

76

9.8639

USD 0.5 ordinary

Purchase

732

9.8630

USD 0.5 ordinary

Purchase

886

9.8620

USD 0.5 ordinary

Purchase

1,855

9.8610

USD 0.5 ordinary

Purchase

2,374

9.8600

USD 0.5 ordinary

Purchase

543

9.8540

USD 0.5 ordinary

Sale

75

9.8451

USD 0.5 ordinary

Sale

630

9.8450

USD 0.5 ordinary

Sale

9

9.8444

USD 0.5 ordinary

Sale

4,455

9.8440

USD 0.5 ordinary

Sale

75

9.8431

USD 0.5 ordinary

Sale

1,866

9.8430

USD 0.5 ordinary

Sale

1,084

9.8420

USD 0.5 ordinary

Sale

380

9.8410

USD 0.5 ordinary

Sale

430

9.8390

USD 0.5 ordinary

Sale

395

9.8380

USD 0.5 ordinary

Sale

1,041

9.8370

USD 0.5 ordinary

Sale

181

9.8350

USD 0.5 ordinary

Sale

660

9.8330

USD 0.5 ordinary

Sale

6,046

9.8310

USD 0.5 ordinary

Sale

3,116

9.8300

USD 0.5 ordinary

Sale

939

9.8280

USD 0.5 ordinary

Sale

2,675

9.8270

USD 0.5 ordinary

Sale

4,981

9.8260

USD 0.5 ordinary

Sale

819

9.8250

USD 0.5 ordinary

Sale

1,354

9.8240

USD 0.5 ordinary

Sale

650

9.8190

USD 0.5 ordinary

Sale

791

9.8140

USD 0.5 ordinary

Sale

338

9.8100

USD 0.5 ordinary

Sale

436

9.8060

USD 0.5 ordinary

Sale

1,574

9.8050

USD 0.5 ordinary

Sale

385

9.8040

USD 0.5 ordinary

Sale

1,464

9.7710

USD 0.5 ordinary

Sale

618

9.7620

USD 0.5 ordinary

Sale

800

9.7600

USD 0.5 ordinary

Sale

46

9.7580

USD 0.5 ordinary

Sale

332

9.7430

USD 0.5 ordinary

Sale

84

9.7411

USD 0.5 ordinary

Sale

2,116

9.7410

USD 0.5 ordinary

Sale

3,230

9.7400

USD 0.5 ordinary

Sale

690

9.7290

USD 0.5 ordinary

Sale

2,232

9.7270

USD 0.5 ordinary

Sale

1,355

9.7260

USD 0.5 ordinary

Sale

774

9.7230

USD 0.5 ordinary

Sale

487

9.7120

USD 0.5 ordinary

Sale

900

9.7100

USD 0.5 ordinary

Sale

902

9.7090

USD 0.5 ordinary

Sale

690

9.7070

USD 0.5 ordinary

Sale

702

9.7060

USD 0.5 ordinary

Sale

705

9.7040

USD 0.5 ordinary

Sale

417

9.6970

USD 0.5 ordinary

Sale

405

9.6940

USD 0.5 ordinary

Sale

308,427

9.6866

USD 0.5 ordinary

Sale

1,250

9.6830

USD 0.5 ordinary

Sale

1,782

9.6820

USD 0.5 ordinary

Sale

61,345

9.6660

USD 0.5 ordinary

Sale

60

9.6630

USD 0.5 ordinary

Sale

60

9.6610

USD 0.5 ordinary

Sale

76

9.6600

USD 0.5 ordinary

Sale

1,287

9.6590

USD 0.5 ordinary

Sale

120

9.6580

USD 0.5 ordinary

Sale

315

9.6560

USD 0.5 ordinary

Sale

74

9.6559

USD 0.5 ordinary

Sale

150

9.6551

USD 0.5 ordinary

Sale

180

9.6550

USD 0.5 ordinary

Sale

580

9.6540

USD 0.5 ordinary

Sale

686

9.6530

USD 0.5 ordinary

Sale

649

9.6520

USD 0.5 ordinary

Sale

75

9.6511

USD 0.5 ordinary

Sale

361

9.6510

USD 0.5 ordinary

Sale

542

9.6500

USD 0.5 ordinary

Sale

150

9.6491

USD 0.5 ordinary

Sale

3,096

9.6490

USD 0.5 ordinary

Sale

47

9.6481

USD 0.5 ordinary

Sale

555

9.6480

USD 0.5 ordinary

Sale

13

9.6477

USD 0.5 ordinary

Sale

208

9.6471

USD 0.5 ordinary

Sale

360

9.6470

USD 0.5 ordinary

Sale

255

9.6460

USD 0.5 ordinary

Sale

420

9.6451

USD 0.5 ordinary

Sale

631

9.6450

USD 0.5 ordinary

Sale

1,654

9.6440

USD 0.5 ordinary

Sale

120

9.6430

USD 0.5 ordinary

Sale

803

9.6420

USD 0.5 ordinary

Sale

60

9.6410

USD 0.5 ordinary

Sale

60

9.6400

USD 0.5 ordinary

Sale

9

9.6344

USD 0.5 ordinary

Sale

1,656

9.6340

USD 0.5 ordinary

Sale

5,179

9.6320

USD 0.5 ordinary

Sale

2,046

9.6260

USD 0.5 ordinary

Sale

2,845

9.6240

Total

494,799

 

(b) Derivatives transactions (other than options)

Class of relevant security

Product description

e.g. CFD

Nature of dealing

e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of reference securities

Price per unit

USD 0.5 ordinary

CFD

Decreasing a short position

308,427

9.69

 

 

 

 

 

 

 

(c) Options transactions in respect of existing securities

 

(i) Writing, selling, purchasing or varying

 

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying Buy etc.

Number of securities to which option relates

Exercise price per unit

Type

e.g. American, European etc.

Expiry date

Option money paid/ received per unit

USD 0.5 ordinary

Put

Buy

1,000

9.40

E

16/11/2012

29.00

USD 0.5 ordinary

Put

Sell

10,000

8.80

E

21/12/2012

24.00

USD 0.5 ordinary

Put

Sell

10,000

9.20

E

21/12/2012

35.00

USD 0.5 ordinary

Put

Sell

20,000

9.40

E

21/12/2012

43.00

USD 0.5 ordinary

Put

Sell

20,000

9.40

E

21/12/2012

42.50

USD 0.5 ordinary

Put

Sell

20,000

9.60

E

21/12/2012

49.00

 

 

(ii) Excercising

 

Class of relevant security

Product description

e.g. call option

Number of securities

Exercise price per unit

None

 

 

Class of relevant security

Product description

e.g. call option

Number of securities

Exercise price per unit

None

 

(d) Other dealings (including subscribing for new securities)

 

Class of relevant security

Nature of dealing

e.g. subscription, conversion

Details

Price per unit (if applicable)

None

 

The currency of all prices and other monetary amounts should be stated.

 

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

 

4. OTHER INFORMATION

 

(a) Indemnity and other dealing arrangements

 

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

If there are no such agreements, arrangements or understandings, state "none"

None

 

(b) Agreements, arrangements or understandings relating to options or derivatives

 

Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state "none"

None

 

 

(c) Attachments

 

Is a Supplemental Form 8 (Open Positions) attached?

Yes

Date of disclosure:

03 October 2012

Contact name:

Dirk Young

Telephone number:

0207 595 4871

 

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [email protected].

 

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk

 

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

 

DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

 

 

1. KEY INFORMATION

 

Identity of person whose open positions are being disclosed:

BNP Paribas

 

Name of offeror/offeree in relation to whose relevant securities the disclosure relates:

Xstrata plc

 

 

2. OPTIONS AND DERIVATIVES

 

Class of relevant security

Product description e.g. call option

Written or purchased

Number of securities to which option or derivative relates

Exercise price per unit

Type

e.g. American, European etc.

Expiry date

USD 0.5 ordinary

Put

Buy

2,000,000

9.60

E

19/10/2012

USD 0.5 ordinary

Put

Sell

2,000,000

9.60

E

19/10/2012

USD 0.5 ordinary

Call

Sell

600,000

8.00

E

20/12/2012

USD 0.5 ordinary

Put

Sell

51,636

7.20

E

21/12/2012

USD 0.5 ordinary

Call

Sell

51,636

7.20

E

21/12/2012

USD 0.5 ordinary

Put

Buy

680,000

8.00

A

21/12/2012

USD 0.5 ordinary

Put

Sell

50,000

8.00

E

21/12/2012

USD 0.5 ordinary

Call

Sell

45,095

8.26

E

21/12/2012

USD 0.5 ordinary

Put

Sell

45,095

8.26

E

21/12/2012

USD 0.5 ordinary

Call

Sell

30,000

8.40

E

21/12/2012

USD 0.5 ordinary

Put

Sell

20,000

8.40

E

21/12/2012

USD 0.5 ordinary

Put

Buy

543,000

8.80

A

21/12/2012

USD 0.5 ordinary

Put

Sell

53,000

8.80

E

21/12/2012

USD 0.5 ordinary

Call

Buy

11,000

8.80

E

21/12/2012

USD 0.5 ordinary

Put

Buy

70,000

9.20

A

21/12/2012

USD 0.5 ordinary

Call

Buy

83,000

9.20

E

21/12/2012

USD 0.5 ordinary

Put

Sell

750,000

9.20

E

21/12/2012

USD 0.5 ordinary

Call

Buy

1,000

9.60

E

21/12/2012

USD 0.5 ordinary

Sell

Put

20,000

9.80

E

21/12/2012

USD 0.5 ordinary

Buy

Put

13,000

9.80

E

21/12/2012

USD 0.5 ordinary

Call

Buy

1,525,000

10.00

A

21/12/2012

USD 0.5 ordinary

Put

Buy

1,500,000

10.00

A

21/12/2012

USD 0.5 ordinary

Put

Sell

150,000

10.00

A

21/12/2012

USD 0.5 ordinary

Call

Buy

110,000

10.00

A

21/12/2012

USD 0.5 ordinary

Put

Sell

100,000

10.00

A

21/12/2012

USD 0.5 ordinary

Call

Buy

1,000

10.50

A

21/12/2012

USD 0.5 ordinary

Put

Buy

500,000

11.00

A

21/12/2012

USD 0.5 ordinary

Call

Buy

575,000

11.00

A

21/12/2012

USD 0.5 ordinary

Put

Sell

150,000

11.00

A

21/12/2012

USD 0.5 ordinary

Call

Sell

500,000

12.00

A

21/12/2012

USD 0.5 ordinary

Call

Buy

250,000

12.00

A

21/12/2012

USD 0.5 ordinary

Call

Buy

300,000

13.00

E

21/12/2012

USD 0.5 ordinary

Put

Buy

300,000

13.00

E

21/12/2012

USD 0.5 ordinary

Call

Buy

15,000

13.00

A

21/12/2012

USD 0.5 ordinary

Call

Sell

37,000

13.00

E

21/12/2012

USD 0.5 ordinary

Put

Buy

125,000

15.00

A

21/12/2012

USD 0.5 ordinary

Put

Sell

16,000

7.20

E

15/03/2013

USD 0.5 ordinary

Put

Sell

16,000

7.20

E

15/03/2013

USD 0.5 ordinary

Put

Buy

33,000

8.00

E

15/03/2013

USD 0.5 ordinary

Put

Buy

61,000

8.40

E

15/03/2013

USD 0.5 ordinary

Call

Sell

58,095

9.39

E

15/03/2013

USD 0.5 ordinary

Put

Sell

58,095

9.39

E

15/03/2013

USD 0.5 ordinary

Call

Sell

16,000

9.60

E

15/03/2013

USD 0.5 ordinary

Call

Buy

10,000

10.00

E

15/03/2013

USD 0.5 ordinary

Call

Buy

36,000

12.00

E

15/03/2013

USD 0.5 ordinary

Call

Sell

24,963

10.57

E

02/05/2013

USD 0.5 ordinary

Put

Sell

24,963

10.57

E

02/05/2013

USD 0.5 ordinary

Put

Buy

10,000

8.80

A

21/06/2013

USD 0.5 ordinary

Put

Buy

761,000

9.20

A

21/06/2013

USD 0.5 ordinary

Call

Buy

16,000

9.60

A

21/06/2013

USD 0.5 ordinary

Put

Buy

37,000

9.60

A

21/06/2013

USD 0.5 ordinary

Call

Sell

250,000

10.00

A

21/06/2013

USD 0.5 ordinary

Put

Sell

150,000

7.20

E

20/12/2013

USD 0.5 ordinary

Call

Sell

150,000

8.00

E

20/12/2013

USD 0.5 ordinary

Put

Sell

150,000

8.00

E

20/12/2013

USD 0.5 ordinary

Put

Buy

250,000

8.20

E

20/06/2014

USD 0.5 ordinary

Put

Buy

90,000

14.00

A

19/12/2014

 

3. AGREEMENTS TO PURCHASE OR SELL ETC.

 

Full details should be given so that the nature of the interest or position can be fully understood:

 

 

 

 

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to contracts for differences ("CFDs") or spread bets.

The currency of all prices and other monetary amounts should be stated.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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