Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Form 8.5 Xstrata (20/03/2012)

23rd Mar 2012 18:16

RNS Number : 0150A
BNP Paribas London
23 March 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 plc

(d) Date position held/dealing undertaken:

20.03.2012

(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:

6,140,239

0.20

n/a

0.00

(2) Derivatives (other than options):

n/a

n/a

1,001,931

0.03

(3) Options and agreements to purchase/sell:

1,588,000

0.06

3,082,000

0.12

 

TOTAL:

7,728,239

0.26

4,083,931

0.14

 

* Updated positions as of 20/03/2012.

 

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

60

11.60

USD 0.5 ordinary

Purchase

210

11.56

USD 0.5 ordinary

Purchase

479

11.55

USD 0.5 ordinary

Purchase

590

11.54

USD 0.5 ordinary

Purchase

1,241

11.53

USD 0.5 ordinary

Purchase

250,000

11.52

USD 0.5 ordinary

Purchase

2,017

11.51

USD 0.5 ordinary

Purchase

256

11.50

USD 0.5 ordinary

Purchase

2,203

11.49

USD 0.5 ordinary

Purchase

3,611

11.48

USD 0.5 ordinary

Purchase

1,385

11.47

USD 0.5 ordinary

Purchase

179,487

11.46

USD 0.5 ordinary

Purchase

2,907

11.45

USD 0.5 ordinary

Purchase

9,596

11.44

USD 0.5 ordinary

Purchase

10,186

11.43

USD 0.5 ordinary

Purchase

2,291

11.42

USD 0.5 ordinary

Purchase

12,843

11.41

USD 0.5 ordinary

Purchase

7,314

11.40

USD 0.5 ordinary

Purchase

8,637

11.39

USD 0.5 ordinary

Purchase

3,515

11.38

USD 0.5 ordinary

Purchase

3,786

11.37

USD 0.5 ordinary

Purchase

22,127

11.36

USD 0.5 ordinary

Purchase

11,446

11.35

USD 0.5 ordinary

Purchase

9,952

11.34

USD 0.5 ordinary

Purchase

1,926

11.33

USD 0.5 ordinary

Purchase

1,423

11.32

USD 0.5 ordinary

Purchase

386

11.31

 

Total

549,874

 

USD 0.5 ordinary

Sale

311

11.57

USD 0.5 ordinary

Sale

594

11.55

USD 0.5 ordinary

Sale

529

11.54

USD 0.5 ordinary

Sale

788

11.53

USD 0.5 ordinary

Sale

2,537

11.52

USD 0.5 ordinary

Sale

5,144

11.51

USD 0.5 ordinary

Sale

4,098

11.50

USD 0.5 ordinary

Sale

6,714

11.49

USD 0.5 ordinary

Sale

994

11.48

USD 0.5 ordinary

Sale

824

11.47

USD 0.5 ordinary

Sale

12,768

11.46

USD 0.5 ordinary

Sale

10,683

11.45

USD 0.5 ordinary

Sale

16,688

11.44

USD 0.5 ordinary

Sale

27,442

11.43

USD 0.5 ordinary

Sale

3,351

11.42

USD 0.5 ordinary

Sale

11,823

11.41

USD 0.5 ordinary

Sale

8,649

11.40

USD 0.5 ordinary

Sale

3,871

11.39

USD 0.5 ordinary

Sale

15,040

11.38

USD 0.5 ordinary

Sale

11,961

11.37

USD 0.5 ordinary

Sale

88,721

11.36

USD 0.5 ordinary

Sale

10,966

11.35

USD 0.5 ordinary

Sale

331

11.34

Total

244,827

 

 (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

Increasing a short position

250,000

11.52

 

(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

USD 0.5 ordinary

Call

B

75,000

11.50

A

20/04/2012

33.50

USD 0.5 ordinary

Call

B

450,000

12.00

A

20/04/2012

40.00

USD 0.5 ordinary

Call

B

25,000

12.50

A

20/04/2012

32.00

USD 0.5 ordinary

Put

B

36,000

11.50

A

20/04/2012

42.00

USD 0.5 ordinary

Put

B

15,000

11.00

A

20/04/2012

25.50

 

 

(ii) Exercising

 

Class of relevant security

Product description

e.g. call option

Number of securities

Exercise price per unit

n/a

 

 

 

(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)

n/a

 

 

 

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:

22.03.2012

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

3.

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

Call

B

32.000.00

12.5000

A

20/04/2012

USD 0.5 ordinary

Call

B

25.000.00

11.5000

A

20/04/2012

USD 0.5 ordinary

Put

B

55.000.00

11.5000

A

20/04/2012

USD 0.5 ordinary

Call

B

10.000.00

11.5000

A

20/04/2012

USD 0.5 ordinary

Put

B

515.000.00

11.0000

A

20/04/2012

USD 0.5 ordinary

Call

B

15.000.00

13.0000

A

20/04/2012

USD 0.5 ordinary

Call

B

30.000.00

12.0000

A

20/04/2012

USD 0.5 ordinary

Put

B

10.000.00

12.0000

A

20/04/2012

USD 0.5 ordinary

Call

B

15.000.00

13.5000

A

20/04/2012

USD 0.5 ordinary

Put

B

40.000.00

11.5000

A

20/04/2012

USD 0.5 ordinary

Call

B

25.000.00

14.0000

A

18/05/2012

USD 0.5 ordinary

Call

B

30.000.00

13.0000

A

18/05/2012

USD 0.5 ordinary

Call

B

10.000.00

12.0000

A

18/05/2012

USD 0.5 ordinary

Call

B

15.000.00

13.0000

A

18/05/2012

USD 0.5 ordinary

Put

B

50,000.00

14.0000

A

15/06/2012

USD 0.5 ordinary

Call

S

72.000.00

12.0000

A

15/06/2012

USD 0.5 ordinary

Call

S

5.000.00

11.0000

A

15/06/2012

USD 0.5 ordinary

Call

B

15.000.00

12.0000

A

15/06/2012

USD 0.5 ordinary

Call

B

45.000.00

11.0000

A

15/06/2012

USD 0.5 ordinary

Call

B

20.000.00

13.0000

A

15/06/2012

USD 0.5 ordinary

Call

S

20.000.00

13.0000

A

15/06/2012

USD 0.5 ordinary

Call

S

50.000.00

14.0000

A

15/06/2012

USD 0.5 ordinary

Call

B

10.000.00

14.0000

A

15/06/2012

USD 0.5 ordinary

Call

B

300,000.00

13.0000

E

21/12/2012

USD 0.5 ordinary

Put

B

300,000.00

13.0000

E

21/12/2012

USD 0.5 ordinary

Put

B

125,000.00

15.0000

A

21/12/2012

USD 0.5 ordinary

Call

S

500,000.00

12.0000

A

21/12/2012

USD 0.5 ordinary

Call

B

750.000.00

10.0000

A

21/12/2012

USD 0.5 ordinary

Put

B

750.000.00

10.0000

A

21/12/2012

USD 0.5 ordinary

Call

B

250.000.00

12.0000

A

21/12/2012

USD 0.5 ordinary

Put

B

500.000.00

11.0000

A

21/12/2012

USD 0.5 ordinary

Put

B

90,000.00

14.0000

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
 
 
FEOMMGZFRFZGZZM

Related Shares:

Glencore
FTSE 100 Latest
Value8,861.78
Change7.60