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Form 8.5 (Glencore International Plc)

4th Feb 2013 15:57

RNS Number : 0793X
BNP Paribas London
04 February 2013
 



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

Glencore International 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:

1st February 2013

(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 0.01 ordinary shares

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

0.00

0.00

867,150

0.01

(2) Derivatives (other than options):

 

3,990,746

0.06

6,772,690

0.10

(3)Options and agreements to purchase/sell:

105,000

0.00

10,000

0.00

 

TOTAL:

4,095,746

0.06

7,649,840

0.11

 

 

Class of relevant security:

 

XS0475310396

5% Guaranteed Convertible Bonds due December 2014

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

23,000

0.00

0.00

0.00

(2) Derivatives (other than options):

 

5,100,000

0.22

16,000,000

0.70

(3) Options and agreements to purchase/sell:

0.00

0.00

0.00

0.00

 

TOTAL:

5,123,000

0.22

16,000,000

0.70

 

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

 

USD 0.01 ordinary shares

Purchase

5,000

3.9815

USD 0.01 ordinary shares

Purchase

5,000

3.9805

USD 0.01 ordinary shares

Purchase

167,756

3.9785

USD 0.01 ordinary shares

Purchase

978

3.9770

USD 0.01 ordinary shares

Purchase

2,771

3.9760

USD 0.01 ordinary shares

Purchase

5,334

3.9750

USD 0.01 ordinary shares

Purchase

7,803

3.9745

USD 0.01 ordinary shares

Purchase

513

3.9735

USD 0.01 ordinary shares

Purchase

842

3.9730

USD 0.01 ordinary shares

Purchase

2,730

3.9725

USD 0.01 ordinary shares

Purchase

4,987

3.9710

USD 0.01 ordinary shares

Purchase

326

3.9705

USD 0.01 ordinary shares

Purchase

881

3.9700

USD 0.01 ordinary shares

Purchase

2,575

3.9690

USD 0.01 ordinary shares

Purchase

488

3.9685

USD 0.01 ordinary shares

Purchase

1,049

3.9670

USD 0.01 ordinary shares

Purchase

160

3.9665

USD 0.01 ordinary shares

Purchase

640

3.9660

USD 0.01 ordinary shares

Purchase

3,951

3.9655

USD 0.01 ordinary shares

Purchase

6,363

3.9650

USD 0.01 ordinary shares

Purchase

5,198

3.9645

USD 0.01 ordinary shares

Purchase

69

3.9640

USD 0.01 ordinary shares

Purchase

552

3.9635

USD 0.01 ordinary shares

Purchase

26

3.9630

USD 0.01 ordinary shares

Purchase

204

3.9625

USD 0.01 ordinary shares

Purchase

2,118

3.9620

USD 0.01 ordinary shares

Purchase

2,501

3.9615

USD 0.01 ordinary shares

Purchase

131

3.9610

USD 0.01 ordinary shares

Purchase

4,668

3.9605

USD 0.01 ordinary shares

Purchase

398

3.9595

USD 0.01 ordinary shares

Purchase

5,757

3.9585

USD 0.01 ordinary shares

Purchase

5,026

3.9580

USD 0.01 ordinary shares

Purchase

353

3.9570

USD 0.01 ordinary shares

Purchase

2,516

3.9565

USD 0.01 ordinary shares

Purchase

6,944

3.9560

USD 0.01 ordinary shares

Purchase

7,985

3.9550

USD 0.01 ordinary shares

Purchase

4,653

3.9540

USD 0.01 ordinary shares

Purchase

10,307

3.9535

USD 0.01 ordinary shares

Purchase

12,341

3.9530

USD 0.01 ordinary shares

Purchase

5,674

3.9525

USD 0.01 ordinary shares

Purchase

3,175

3.9520

USD 0.01 ordinary shares

Purchase

327

3.9515

USD 0.01 ordinary shares

Purchase

74

3.9510

USD 0.01 ordinary shares

Purchase

5,835

3.9500

USD 0.01 ordinary shares

Purchase

15,731

3.9495

USD 0.01 ordinary shares

Purchase

11,751

3.9490

USD 0.01 ordinary shares

Purchase

705

3.9485

USD 0.01 ordinary shares

Purchase

4,334

3.9480

USD 0.01 ordinary shares

Purchase

126

3.9460

USD 0.01 ordinary shares

Purchase

9,802

3.9440

USD 0.01 ordinary shares

Purchase

4,359

3.9430

USD 0.01 ordinary shares

Purchase

3,976

3.9425

USD 0.01 ordinary shares

Purchase

6,188

3.9420

USD 0.01 ordinary shares

Purchase

13,513

3.9410

USD 0.01 ordinary shares

Purchase

3,961

3.9400

USD 0.01 ordinary shares

Purchase

186

3.9360

USD 0.01 ordinary shares

Purchase

569

3.9330

USD 0.01 ordinary shares

Purchase

893

3.9315

USD 0.01 ordinary shares

Purchase

2,116

3.9305

USD 0.01 ordinary shares

Purchase

314

3.9300

USD 0.01 ordinary shares

Purchase

42

3.9270

USD 0.01 ordinary shares

Purchase

101,650

3.3945

 

Total:

487,195

 

 

USD 0.01 ordinary shares

Sale

614

3.9815

USD 0.01 ordinary shares

Sale

2,667

3.9785

USD 0.01 ordinary shares

Sale

2,083

3.9775

USD 0.01 ordinary shares

Sale

26,684

3.9702

USD 0.01 ordinary shares

Sale

653

3.9670

USD 0.01 ordinary shares

Sale

988

3.9660

USD 0.01 ordinary shares

Sale

2,253

3.9655

USD 0.01 ordinary shares

Sale

3,255

3.9635

USD 0.01 ordinary shares

Sale

1,230

3.9630

USD 0.01 ordinary shares

Sale

688

3.9625

USD 0.01 ordinary shares

Sale

1,632

3.9620

USD 0.01 ordinary shares

Sale

513

3.9615

USD 0.01 ordinary shares

Sale

1,123

3.9605

USD 0.01 ordinary shares

Sale

5,390

3.9600

USD 0.01 ordinary shares

Sale

4,740

3.9590

USD 0.01 ordinary shares

Sale

5,501

3.9565

USD 0.01 ordinary shares

Sale

881

3.9550

USD 0.01 ordinary shares

Sale

200

3.9545

USD 0.01 ordinary shares

Sale

3,046

3.9540

USD 0.01 ordinary shares

Sale

1,119

3.9535

USD 0.01 ordinary shares

Sale

540

3.9520

USD 0.01 ordinary shares

Sale

288

3.9515

USD 0.01 ordinary shares

Sale

691

3.9510

USD 0.01 ordinary shares

Sale

4,400

3.9505

USD 0.01 ordinary shares

Sale

555

3.9480

USD 0.01 ordinary shares

Sale

258

3.9460

USD 0.01 ordinary shares

Sale

520

3.9455

USD 0.01 ordinary shares

Sale

326

3.9450

USD 0.01 ordinary shares

Sale

1,340

3.9445

USD 0.01 ordinary shares

Sale

1,141

3.9440

USD 0.01 ordinary shares

Sale

201

3.9430

USD 0.01 ordinary shares

Sale

90,000

3.9420

USD 0.01 ordinary shares

Sale

5,171

3.9400

USD 0.01 ordinary shares

Sale

2,063

3.9380

USD 0.01 ordinary shares

Sale

384

3.9365

USD 0.01 ordinary shares

Sale

460

3.9350

USD 0.01 ordinary shares

Sale

315,840

3.9345

USD 0.01 ordinary shares

Sale

518

3.9330

 

Total:

489,956

 

(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 0.01 ordinary shares

CFD

Opening a long position

90,000

3.94

USD 0.01 ordinary shares

CFD

Opening a long position

26,684

3.97

 

(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 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) Exercising

 

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:

4th February 2013

Contact name:

Melanie Rayson / Gemma Stuart

Telephone number:

0207 595 6908 / 0207 595 5219

 

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 monitoring@disclosure.org.uk.

 

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:

Glencore International 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 0.01 ordinary shares

Call

Sell

10,000

2.80

E

15/03/2013

USD 0.01 ordinary shares

Put

Sell

35,000

3.00

E

15/03/2013

USD 0.01 ordinary shares

Call

Buy

10,000

2.80

E

15/03/2013

USD 0.01 ordinary shares

Put

Buy

15,000

3.60

E

15/02/2013

USD 0.01 ordinary shares

Call

Buy

30,000

3.80

E

15/02/2013

USD 0.01 ordinary shares

Call

Buy

15,000

3.90

E

15/02/2013

 

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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