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Form 8.5 (EPT/NON-RI) Xstrata

16th Nov 2012 11:53

RNS Number : 3326R
BNP Paribas London
16 November 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:

15/11/2012

(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:

1,296,749

0.04

n/a

0.00

(2) Derivatives (other than options):

2,466,152

0.08

8,208,967

0.27

(3) Options and agreements to purchase/sell:

17,451,294

0.58

7,931,888

0.26

 

TOTAL:

21,214,195

0.71

16,140,855

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

161

9.6520

USD 0.5 ordinary

Purchase

616

9.6400

USD 0.5 ordinary

Purchase

1,605

9.6280

USD 0.5 ordinary

Purchase

321

9.6220

USD 0.5 ordinary

Purchase

750

9.6210

USD 0.5 ordinary

Purchase

75

9.6151

USD 0.5 ordinary

Purchase

90

9.6130

USD 0.5 ordinary

Purchase

90

9.6110

USD 0.5 ordinary

Purchase

165

9.6100

USD 0.5 ordinary

Purchase

60

9.6090

USD 0.5 ordinary

Purchase

4,406

9.6080

USD 0.5 ordinary

Purchase

75

9.6070

USD 0.5 ordinary

Purchase

18

9.6061

USD 0.5 ordinary

Purchase

132

9.6060

USD 0.5 ordinary

Purchase

75

9.6050

USD 0.5 ordinary

Purchase

2,351

9.6040

USD 0.5 ordinary

Purchase

1,278

9.6030

USD 0.5 ordinary

Purchase

1,202

9.6020

USD 0.5 ordinary

Purchase

225

9.6011

USD 0.5 ordinary

Purchase

2,926

9.6010

USD 0.5 ordinary

Purchase

1,368

9.6000

USD 0.5 ordinary

Purchase

300

9.5991

USD 0.5 ordinary

Purchase

90

9.5990

USD 0.5 ordinary

Purchase

165

9.5980

USD 0.5 ordinary

Purchase

225

9.5971

USD 0.5 ordinary

Purchase

447

9.5970

USD 0.5 ordinary

Purchase

66

9.5961

USD 0.5 ordinary

Purchase

1,712

9.5960

USD 0.5 ordinary

Purchase

74

9.5959

USD 0.5 ordinary

Purchase

24

9.5958

USD 0.5 ordinary

Purchase

525

9.5951

USD 0.5 ordinary

Purchase

496

9.5950

USD 0.5 ordinary

Purchase

378

9.5940

USD 0.5 ordinary

Purchase

225

9.5931

USD 0.5 ordinary

Purchase

180

9.5930

USD 0.5 ordinary

Purchase

475

9.5920

USD 0.5 ordinary

Purchase

75

9.5911

USD 0.5 ordinary

Purchase

1,816

9.5910

USD 0.5 ordinary

Purchase

226

9.5900

USD 0.5 ordinary

Purchase

299

9.5891

USD 0.5 ordinary

Purchase

270

9.5890

USD 0.5 ordinary

Purchase

150

9.5880

USD 0.5 ordinary

Purchase

201

9.5870

USD 0.5 ordinary

Purchase

75

9.5860

USD 0.5 ordinary

Purchase

75

9.5851

USD 0.5 ordinary

Purchase

1,832

9.5840

USD 0.5 ordinary

Purchase

225

9.5831

USD 0.5 ordinary

Purchase

2,851

9.5830

USD 0.5 ordinary

Purchase

1,951

9.5820

USD 0.5 ordinary

Purchase

16,094

9.5800

USD 0.5 ordinary

Purchase

75

9.5791

USD 0.5 ordinary

Purchase

200

9.5790

USD 0.5 ordinary

Purchase

5,382

9.5780

USD 0.5 ordinary

Purchase

5,311

9.5750

USD 0.5 ordinary

Purchase

616

9.5740

USD 0.5 ordinary

Purchase

75

9.5731

USD 0.5 ordinary

Purchase

2,426

9.5720

USD 0.5 ordinary

Purchase

2,774

9.5710

USD 0.5 ordinary

Purchase

333

9.5700

USD 0.5 ordinary

Purchase

2,276

9.5650

USD 0.5 ordinary

Purchase

200

9.5620

USD 0.5 ordinary

Purchase

546

9.5580

USD 0.5 ordinary

Purchase

5,000

9.5577

USD 0.5 ordinary

Purchase

2,536

9.5570

USD 0.5 ordinary

Purchase

2,446

9.5510

Total

83,194

 

USD 0.5 ordinary

Sales

959

9.6570

USD 0.5 ordinary

Sales

3,941

9.6420

USD 0.5 ordinary

Sales

200

9.6380

USD 0.5 ordinary

Sales

404

9.6340

USD 0.5 ordinary

Sales

21

9.6338

USD 0.5 ordinary

Sales

200

9.6330

USD 0.5 ordinary

Sales

600

9.6320

USD 0.5 ordinary

Sales

1,763

9.6290

USD 0.5 ordinary

Sales

1,528

9.6260

USD 0.5 ordinary

Sales

1,990

9.6250

USD 0.5 ordinary

Sales

754

9.6240

USD 0.5 ordinary

Sales

1,786

9.6190

USD 0.5 ordinary

Sales

714

9.6170

USD 0.5 ordinary

Sales

51

9.6161

USD 0.5 ordinary

Sales

1,495

9.6160

USD 0.5 ordinary

Sales

761

9.6150

USD 0.5 ordinary

Sales

1,004

9.6130

USD 0.5 ordinary

Sales

1,401

9.6120

USD 0.5 ordinary

Sales

474

9.6110

USD 0.5 ordinary

Sales

999

9.6100

USD 0.5 ordinary

Sales

1,100

9.6090

USD 0.5 ordinary

Sales

7,674

9.6080

USD 0.5 ordinary

Sales

368

9.6070

USD 0.5 ordinary

Sales

1,264

9.6050

USD 0.5 ordinary

Sales

2,675

9.6040

USD 0.5 ordinary

Sales

3,482

9.6030

USD 0.5 ordinary

Sales

5,255

9.6020

USD 0.5 ordinary

Sales

200

9.5990

USD 0.5 ordinary

Sales

82

9.5980

USD 0.5 ordinary

Sales

3,831

9.5950

USD 0.5 ordinary

Sales

200

9.5920

USD 0.5 ordinary

Sales

2,323

9.5900

USD 0.5 ordinary

Sales

767

9.5890

USD 0.5 ordinary

Sales

2,583

9.5880

USD 0.5 ordinary

Sales

1,218

9.5860

USD 0.5 ordinary

Sales

1,163

9.5840

USD 0.5 ordinary

Sales

6,611

9.5830

USD 0.5 ordinary

Sales

4,019

9.5820

USD 0.5 ordinary

Sales

1,158

9.5810

USD 0.5 ordinary

Sales

53,716

9.5800

USD 0.5 ordinary

Sales

2,750

9.5790

USD 0.5 ordinary

Sales

22

9.5782

USD 0.5 ordinary

Sales

67

9.5781

USD 0.5 ordinary

Sales

27,945

9.5780

USD 0.5 ordinary

Sales

1,142

9.5770

USD 0.5 ordinary

Sales

135

9.5760

USD 0.5 ordinary

Sales

2,671

9.5750

USD 0.5 ordinary

Sales

3,017

9.5740

USD 0.5 ordinary

Sales

659

9.5730

USD 0.5 ordinary

Sales

2,901

9.5710

USD 0.5 ordinary

Sales

2,039

9.5700

USD 0.5 ordinary

Sales

400

9.5690

USD 0.5 ordinary

Sales

431

9.5680

USD 0.5 ordinary

Sales

1,175

9.5670

USD 0.5 ordinary

Sales

200

9.5660

USD 0.5 ordinary

Sales

1,781

9.5650

USD 0.5 ordinary

Sales

1,865

9.5640

USD 0.5 ordinary

Sales

681

9.5610

USD 0.5 ordinary

Sales

2,323

9.5600

USD 0.5 ordinary

Sales

2,509

9.5590

USD 0.5 ordinary

Sales

715

9.5570

USD 0.5 ordinary

Sales

1,091

9.5560

USD 0.5 ordinary

Sales

727

9.5550

USD 0.5 ordinary

Sales

714

9.5540

USD 0.5 ordinary

Sales

695

9.5530

USD 0.5 ordinary

Sales

200

9.5520

USD 0.5 ordinary

Sales

901

9.5510

USD 0.5 ordinary

Sales

144

9.5500

USD 0.5 ordinary

Sales

6,170

9.5499

USD 0.5 ordinary

Sales

981

9.5480

USD 0.5 ordinary

Sales

99

9.5450

USD 0.5 ordinary

Sales

474

9.5380

USD 0.5 ordinary

Sales

79,000

9.5212

Total

267,358

 

(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

None

 

(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

None

 

(ii) Excercising

 

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:

16 November 2012

Contact name:

Melanie Rayson and Rachel Burke

Telephone number:

0207 595 6908 / 0379

 

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

1,250,000

9.00

A

16/11/2012

USD 0.5 ordinary

Call

Buy

525,000

9.60

E

16/11/2012

USD 0.5 ordinary

Call

Sell

50,000

9.80

E

16/11/2012

USD 0.5 ordinary

Call

Sell

75,000

9.80

E

16/11/2012

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

50,000

7.60

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

Sell

1,250,000

9.00

A

21/12/2012

USD 0.5 ordinary

Put

Buy

570,000

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

Sell

35,000

9.40

E

21/12/2012

USD 0.5 ordinary

Call

Buy

1,000

9.60

E

21/12/2012

USD 0.5 ordinary

Put

Buy

253,000

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

17,000

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

3,000

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

10,000

9.80

E

18/01/2013

USD 0.5 ordinary

Call

Sell

10,000

10.50

E

18/01/2013

USD 0.5 ordinary

Call

Buy

10,000

10.50

E

18/01/2013

USD 0.5 ordinary

Call

Buy

10,000

10.50

E

18/01/2013

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

Sell

10,000

11.00

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

Sell

10,000

8.40

A

21/06/2013

USD 0.5 ordinary

Put

Sell

10,000

8.80

A

21/06/2013

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

550,000

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

500,000

10.00

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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