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Form 8.5 (Xstrata)

6th Mar 2012 13:39

RNS Number : 7881Y
BNP Paribas London
06 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:

05.03.2012

(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:

3, 527 ,932

0.12

n/a

0.00

(2) Derivatives (other than options):

48,390

 

0.00

n/a

0.00

(3) Options and agreements to purchase/sell:

1,700,000

0.04

2,900,000

0.09

 

TOTAL:

5, 276,322

0.18

2,900,000

0.09

 

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

63880

11.99

USD 0.5 ordinary

Purchase

405

11.86

USD 0.5 ordinary

Purchase

790

11.84

USD 0.5 ordinary

Purchase

2139

11.83

USD 0.5 ordinary

Purchase

1725

11.82

USD 0.5 ordinary

Purchase

12414

11.81

USD 0.5 ordinary

Purchase

25693

11.80

USD 0.5 ordinary

Purchase

29964

11.79

USD 0.5 ordinary

Purchase

13377

11.78

USD 0.5 ordinary

Purchase

7080

11.77

USD 0.5 ordinary

Purchase

253091

11.76

USD 0.5 ordinary

Purchase

14672

11.75

USD 0.5 ordinary

Purchase

8059

11.74

USD 0.5 ordinary

Purchase

13666

11.73

USD 0.5 ordinary

Purchase

8682

11.72

USD 0.5 ordinary

Purchase

16638

11.71

USD 0.5 ordinary

Purchase

8448

11.70

USD 0.5 ordinary

Purchase

305

11.68

USD 0.5 ordinary

Purchase

4255

11.67

USD 0.5 ordinary

Purchase

9517

11.66

USD 0.5 ordinary

Purchase

6743

11.65

USD 0.5 ordinary

Purchase

6282

11.64

USD 0.5 ordinary

Purchase

6578

11.63

USD 0.5 ordinary

Purchase

12066

11.62

USD 0.5 ordinary

Purchase

263766

11.61

USD 0.5 ordinary

Purchase

23264

11.60

USD 0.5 ordinary

Purchase

12727

11.59

USD 0.5 ordinary

Purchase

17313

11.58

USD 0.5 ordinary

Purchase

22152

11.57

USD 0.5 ordinary

Purchase

13387

11.56

USD 0.5 ordinary

Purchase

10369

11.55

USD 0.5 ordinary

Purchase

10962

11.54

USD 0.5 ordinary

Purchase

56485

11.53

USD 0.5 ordinary

Purchase

2851

11.52

USD 0.5 ordinary

Purchase

9844

11.51

USD 0.5 ordinary

Purchase

722

11.50

USD 0.5 ordinary

Purchase

2999

11.48

USD 0.5 ordinary

Purchase

3557

11.46

USD 0.5 ordinary

Purchase

325

11.45

USD 0.5 ordinary

Purchase

490

11.44

USD 0.5 ordinary

Purchase

3293

11.43

USD 0.5 ordinary

Purchase

8166

11.42

USD 0.5 ordinary

Purchase

22794

11.41

USD 0.5 ordinary

Purchase

22118

11.40

USD 0.5 ordinary

Purchase

8448

11.39

USD 0.5 ordinary

Purchase

278038

11.38

USD 0.5 ordinary

Purchase

128731

11.37

USD 0.5 ordinary

Purchase

97223

11.36

USD 0.5 ordinary

Purchase

39339

11.35

USD 0.5 ordinary

Purchase

50128

11.34

USD 0.5 ordinary

Purchase

5040

11.29

USD 0.5 ordinary

Purchase

2140

11.28

USD 0.5 ordinary

Purchase

6519

11.27

Total

1,649,659

USD 0.5 ordinary

Sale

-2389

11.87

USD 0.5 ordinary

Sale

-567

11.84

USD 0.5 ordinary

Sale

-5357

11.83

USD 0.5 ordinary

Sale

-4084

11.82

USD 0.5 ordinary

Sale

-5376

11.81

USD 0.5 ordinary

Sale

-18898

11.80

USD 0.5 ordinary

Sale

-22921

11.79

USD 0.5 ordinary

Sale

-4235

11.78

USD 0.5 ordinary

Sale

-14170

11.77

USD 0.5 ordinary

Sale

-7228

11.76

USD 0.5 ordinary

Sale

-3467

11.75

USD 0.5 ordinary

Sale

-7452

11.74

USD 0.5 ordinary

Sale

-4992

11.73

USD 0.5 ordinary

Sale

-6518

11.72

USD 0.5 ordinary

Sale

-4266

11.71

USD 0.5 ordinary

Sale

-1495

11.67

USD 0.5 ordinary

Sale

-3901

11.62

USD 0.5 ordinary

Sale

-11635

11.61

USD 0.5 ordinary

Sale

-11634

11.60

USD 0.5 ordinary

Sale

-3288

11.59

USD 0.5 ordinary

Sale

-7379

11.58

USD 0.5 ordinary

Sale

-31039

11.57

USD 0.5 ordinary

Sale

-27095

11.56

USD 0.5 ordinary

Sale

-3885

11.55

USD 0.5 ordinary

Sale

-9748

11.54

USD 0.5 ordinary

Sale

-1899

11.53

USD 0.5 ordinary

Sale

-5325

11.51

USD 0.5 ordinary

Sale

-684

11.44

USD 0.5 ordinary

Sale

-1208

11.43

USD 0.5 ordinary

Sale

-16285

11.42

USD 0.5 ordinary

Sale

-6003

11.41

USD 0.5 ordinary

Sale

-17399

11.40

USD 0.5 ordinary

Sale

-24706

11.39

USD 0.5 ordinary

Sale

-111384

11.38

USD 0.5 ordinary

Sale

-23213

11.37

USD 0.5 ordinary

Sale

-8625

11.36

USD 0.5 ordinary

Sale

-9812

11.35

USD 0.5 ordinary

Sale

-12934

11.34

USD 0.5 ordinary

Sale

-2091

11.25

USD 0.5 ordinary

Sale

-2314

11.24

Total

-466,901

 

 (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

n/a

 

 

 

(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

n/a

 

(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:

06.03.2012

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:

Xstrata plc

 

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

Call

B

300,000.00

13.0000

E

25/11/2010

USD 0.5 ordinary

Put

B

300,000.00

13.0000

E

25/11/2010

USD 0.5 ordinary

Put

B

50,000.00

14.0000

A

07/01/2011

USD 0.5 ordinary

Put

B

125,000.00

15.0000

A

20/01/2011

USD 0.5 ordinary

Put

B

90,000.00

14.0000

A

10/02/2011

USD 0.5 ordinary

Put

B

100,000.00

14.0000

A

03/03/2011

USD 0.5 ordinary

Put

B

300,000.00

12.0000

A

27/06/2011

USD 0.5 ordinary

Call

B

300,000.00

12.0000

A

27/06/2011

USD 0.5 ordinary

Put

B

200,000.00

12.0000

A

01/08/2011

USD 0.5 ordinary

Call

S

500,000.00

12.0000

A

15/09/2011

USD 0.5 ordinary

Put

B

500,000.00

8.4000

A

11/10/2011

USD 0.5 ordinary

Call

B

500,000.00

10.0000

A

11/10/2011

USD 0.5 ordinary

Put

B

600,000.00

11.0000

A

31/10/2011

USD 0.5 ordinary

Call

B

600,000.00

13.0000

A

31/10/2011

 

 

 

 

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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