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Form 8.5 (Glencore International plc)

27th Jul 2012 11:11

RNS Number : 6888I
BNP Paribas London
27 July 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

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:

26/07/2012

(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 0.01 ordinary shares

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

0.00

0.00

7,407,925

0.11

(2) Derivatives (other than options):

1,267,417

0.02

1,700,165

0.04

(3) Options and agreements to purchase/sell:

27,000

0.00

1,923,810

0.03

 

TOTAL:

1,294,417

0.02

11,031,900

0.16

 

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

 

Number of securities

Price per unit

USD 0.01 ordinary shares

Purchase

1,000

3.1175

USD 0.01 ordinary shares

Purchase

2,086

3.1165

USD 0.01 ordinary shares

Purchase

2,132

3.1160

USD 0.01 ordinary shares

Purchase

2,331

3.1150

USD 0.01 ordinary shares

Purchase

4,876

3.1145

USD 0.01 ordinary shares

Purchase

12,781

3.1140

USD 0.01 ordinary shares

Purchase

3,678

3.1135

USD 0.01 ordinary shares

Purchase

744

3.1125

USD 0.01 ordinary shares

Purchase

1,700

3.1120

USD 0.01 ordinary shares

Purchase

57

3.1116

USD 0.01 ordinary shares

Purchase

4,348

3.1115

USD 0.01 ordinary shares

Purchase

2,347

3.1110

USD 0.01 ordinary shares

Purchase

6,175

3.1105

USD 0.01 ordinary shares

Purchase

11,105

3.1100

USD 0.01 ordinary shares

Purchase

2,118

3.1095

USD 0.01 ordinary shares

Purchase

3,888

3.1090

USD 0.01 ordinary shares

Purchase

3,572

3.1085

USD 0.01 ordinary shares

Purchase

6,939

3.1075

USD 0.01 ordinary shares

Purchase

6,277

3.1070

USD 0.01 ordinary shares

Purchase

2,046

3.1065

USD 0.01 ordinary shares

Purchase

9,876

3.1060

USD 0.01 ordinary shares

Purchase

18,283

3.1050

USD 0.01 ordinary shares

Purchase

18,902

3.1045

USD 0.01 ordinary shares

Purchase

7,482

3.1040

USD 0.01 ordinary shares

Purchase

3,480

3.1035

USD 0.01 ordinary shares

Purchase

9,169

3.1030

USD 0.01 ordinary shares

Purchase

9,748

3.1025

USD 0.01 ordinary shares

Purchase

1,621

3.1020

USD 0.01 ordinary shares

Purchase

4,788

3.1015

USD 0.01 ordinary shares

Purchase

2,815

3.1005

USD 0.01 ordinary shares

Purchase

3,417

3.0990

USD 0.01 ordinary shares

Purchase

3,514

3.0985

USD 0.01 ordinary shares

Purchase

571

3.0980

USD 0.01 ordinary shares

Purchase

4,457

3.0960

USD 0.01 ordinary shares

Purchase

700

3.0955

USD 0.01 ordinary shares

Purchase

5,167

3.0950

USD 0.01 ordinary shares

Purchase

1,215

3.0945

USD 0.01 ordinary shares

Purchase

3,325

3.0935

USD 0.01 ordinary shares

Purchase

2,025

3.0925

USD 0.01 ordinary shares

Purchase

6,470

3.0920

USD 0.01 ordinary shares

Purchase

7,831

3.0915

USD 0.01 ordinary shares

Purchase

2,559

3.0910

USD 0.01 ordinary shares

Purchase

2,522

3.0905

USD 0.01 ordinary shares

Purchase

8,528

3.0900

USD 0.01 ordinary shares

Purchase

1,941

3.0895

USD 0.01 ordinary shares

Purchase

400

3.0890

USD 0.01 ordinary shares

Purchase

2,500

3.0885

USD 0.01 ordinary shares

Purchase

375

3.0880

USD 0.01 ordinary shares

Purchase

9,835

3.0875

USD 0.01 ordinary shares

Purchase

1,271

3.0865

USD 0.01 ordinary shares

Purchase

1,032

3.0850

USD 0.01 ordinary shares

Purchase

6,922

3.0840

USD 0.01 ordinary shares

Purchase

51,105

3.0835

USD 0.01 ordinary shares

Purchase

2,469

3.0825

USD 0.01 ordinary shares

Purchase

1,141

3.0820

USD 0.01 ordinary shares

Purchase

866

3.0810

USD 0.01 ordinary shares

Purchase

316

3.0805

USD 0.01 ordinary shares

Purchase

390

3.0800

USD 0.01 ordinary shares

Purchase

2,675

3.0795

USD 0.01 ordinary shares

Purchase

600

3.0780

USD 0.01 ordinary shares

Purchase

753

3.0775

USD 0.01 ordinary shares

Purchase

1,542

3.0770

USD 0.01 ordinary shares

Purchase

2

3.0760

USD 0.01 ordinary shares

Purchase

1,757

3.0750

USD 0.01 ordinary shares

Purchase

1,895

3.0740

USD 0.01 ordinary shares

Purchase

116

3.0735

USD 0.01 ordinary shares

Purchase

34

3.0725

USD 0.01 ordinary shares

Purchase

1,594

3.0705

USD 0.01 ordinary shares

Purchase

1,811

3.0700

USD 0.01 ordinary shares

Purchase

899

3.0665

USD 0.01 ordinary shares

Purchase

1,080

3.0655

USD 0.01 ordinary shares

Purchase

3,031

3.0645

USD 0.01 ordinary shares

Purchase

2,520

3.0630

USD 0.01 ordinary shares

Purchase

300

3.0625

USD 0.01 ordinary shares

Purchase

170

3.0600

USD 0.01 ordinary shares

Purchase

6,001

3.0560

USD 0.01 ordinary shares

Purchase

3,226

3.0505

 

329,234

 

USD 0.01 ordinary shares

Sales

773

3.1050

USD 0.01 ordinary shares

Sales

5,200

3.1030

USD 0.01 ordinary shares

Sales

700

3.0970

USD 0.01 ordinary shares

Sales

37,765

3.0960

USD 0.01 ordinary shares

Sales

1,589

3.0935

USD 0.01 ordinary shares

Sales

381

3.0920

USD 0.01 ordinary shares

Sales

754

3.0915

USD 0.01 ordinary shares

Sales

972

3.0910

USD 0.01 ordinary shares

Sales

11,491

3.0900

USD 0.01 ordinary shares

Sales

1,101

3.0895

USD 0.01 ordinary shares

Sales

831

3.0890

USD 0.01 ordinary shares

Sales

364

3.0885

USD 0.01 ordinary shares

Sales

1,230

3.0880

USD 0.01 ordinary shares

Sales

5,163

3.0875

USD 0.01 ordinary shares

Sales

4,170

3.0860

USD 0.01 ordinary shares

Sales

1,083

3.0855

USD 0.01 ordinary shares

Sales

1,369

3.0850

USD 0.01 ordinary shares

Sales

57,335

3.0835

USD 0.01 ordinary shares

Sales

1,013

3.0820

USD 0.01 ordinary shares

Sales

1,203

3.0810

USD 0.01 ordinary shares

Sales

1,288

3.0805

USD 0.01 ordinary shares

Sales

4,111

3.0775

USD 0.01 ordinary shares

Sales

1,420

3.0760

USD 0.01 ordinary shares

Sales

1,331

3.0730

USD 0.01 ordinary shares

Sales

2,500

3.0720

USD 0.01 ordinary shares

Sales

1,523

3.0715

USD 0.01 ordinary shares

Sales

4,887

3.0700

USD 0.01 ordinary shares

Sales

4,117

3.0685

USD 0.01 ordinary shares

Sales

1,260

3.0665

USD 0.01 ordinary shares

Sales

1,206

3.0660

USD 0.01 ordinary shares

Sales

1,778

3.0650

USD 0.01 ordinary shares

Sales

1,283

3.0645

USD 0.01 ordinary shares

Sales

40,000

3.0640

USD 0.01 ordinary shares

Sales

1,500

3.0635

USD 0.01 ordinary shares

Sales

1,491

3.0630

USD 0.01 ordinary shares

Sales

1,665

3.0615

USD 0.01 ordinary shares

Sales

1,289

3.0600

USD 0.01 ordinary shares

Sales

1,828

3.0590

USD 0.01 ordinary shares

Sales

889

3.0575

USD 0.01 ordinary shares

Sales

2,350

3.0560

USD 0.01 ordinary shares

Sales

783

3.0550

USD 0.01 ordinary shares

Sales

380

3.0515

USD 0.01 ordinary shares

Sales

2,222

3.0490

USD 0.01 ordinary shares

Sales

1,157

3.0450

USD 0.01 ordinary shares

Sales

464

3.0445

USD 0.01 ordinary shares

Sales

1,356

3.0435

USD 0.01 ordinary shares

Sales

2,060

3.0430

USD 0.01 ordinary shares

Sales

1,443

3.0410

USD 0.01 ordinary shares

Sales

522

3.0400

USD 0.01 ordinary shares

Sales

1,871

3.0390

USD 0.01 ordinary shares

Sales

1,500

3.0385

USD 0.01 ordinary shares

Sales

1,185

3.0375

USD 0.01 ordinary shares

Sales

1,608

3.0365

USD 0.01 ordinary shares

Sales

4,792

3.0360

USD 0.01 ordinary shares

Sales

3,512

3.0355

USD 0.01 ordinary shares

Sales

932

3.0350

USD 0.01 ordinary shares

Sales

3,159

3.0345

USD 0.01 ordinary shares

Sales

4,832

3.0340

Total

245,981

 

(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 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

 

 

 

(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:

27/07/2012

Contact name:

Dirk Young

Telephone number:

020 7595 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:

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

Put

B

25,000

2.80

E

17/08/2012

USD 0.01 ordinary shares

Put

B

20,000

3.00

E

17/08/2012

USD 0.01 ordinary shares

Put

B

40,000

3.20

E

17/08/2012

USD 0.01 ordinary shares

Put

B

5,000

3.30

E

17/08/2012

USD 0.01 ordinary shares

Call

B

25,000

3.30

E

17/08/2012

USD 0.01 ordinary shares

Put

B

250,000

3.20

E

21/12/2012

USD 0.01 ordinary shares

Call

B

1,000

3.40

E

21/12/2012

USD 0.01 ordinary shares

Put

S

1,000

3.40

E

21/12/2012

 

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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