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Form Xstrata

26th Apr 2012 12:09

RNS Number : 1481C
BNP Paribas London
26 April 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:

25/04/2012

(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:

5,406,395

0.18

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:

3,365,000

0.11

5,396,000

0.18

 

TOTAL:

8,771,395

0.30

4,838,931

0.16

 

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 0.5 ordinary

Purchase

15,406

11.86

USD 0.5 ordinary

Purchase

2,428

11.85

USD 0.5 ordinary

Purchase

16,507

11.84

USD 0.5 ordinary

Purchase

20,289

11.83

USD 0.5 ordinary

Purchase

6,557

11.82

USD 0.5 ordinary

Purchase

3,107

11.81

USD 0.5 ordinary

Purchase

3,487

11.77

USD 0.5 ordinary

Purchase

951

11.70

USD 0.5 ordinary

Purchase

515

11.67

USD 0.5 ordinary

Purchase

2,297

11.62

USD 0.5 ordinary

Purchase

160

11.61

USD 0.5 ordinary

Purchase

180

11.60

USD 0.5 ordinary

Purchase

2,500

11.58

USD 0.5 ordinary

Purchase

2,469

11.57

USD 0.5 ordinary

Purchase

4,700

11.56

USD 0.5 ordinary

Purchase

1,776

11.55

USD 0.5 ordinary

Purchase

354

11.54

USD 0.5 ordinary

Purchase

150,445

11.53

USD 0.5 ordinary

Purchase

4,368

11.52

USD 0.5 ordinary

Purchase

2,097

11.51

 

Total

240,593

 

USD 0.5 ordinary

Sale

603

11.85

USD 0.5 ordinary

Sale

15,916

11.84

USD 0.5 ordinary

Sale

4,407

11.83

USD 0.5 ordinary

Sale

21,726

11.82

USD 0.5 ordinary

Sale

2,631

11.81

USD 0.5 ordinary

Sale

2,211

11.80

USD 0.5 ordinary

Sale

10,558

11.79

USD 0.5 ordinary

Sale

2,983

11.78

USD 0.5 ordinary

Sale

2,675

11.77

USD 0.5 ordinary

Sale

861

11.76

USD 0.5 ordinary

Sale

3,191

11.75

USD 0.5 ordinary

Sale

232

11.73

USD 0.5 ordinary

Sale

177,564

11.72

USD 0.5 ordinary

Sale

12,122

11.71

USD 0.5 ordinary

Sale

1,562

11.64

USD 0.5 ordinary

Sale

3,351

11.60

USD 0.5 ordinary

Sale

1,008

11.59

USD 0.5 ordinary

Sale

2,235

11.58

USD 0.5 ordinary

Sale

3,886

11.57

USD 0.5 ordinary

Sale

126

11.56

USD 0.5 ordinary

Sale

8,824

11.54

USD 0.5 ordinary

Sale

2,519

11.53

USD 0.5 ordinary

Sale

281,191

 

 

 

(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

 

(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

Put

S

1,500,000.00

10.00

A

15/06/2012

195,000.00

USD 0.5 ordinary

Put

B

1,500,000.00

10.00

A

21/09/2012

697,500.00

USD 0.5 ordinary

Call

B

5.000.00

11.50

A

20/07/2012

80.5

USD 0.5 ordinary

Put

B

10.000.00

10.00

A

20/07/2012

20

USD 0.5 ordinary

Put

B

10.000.00

10.00

A

20/07/2012

20

USD 0.5 ordinary

Put

B

5.000.00

11.50

A

20/07/2012

61

USD 0.5 ordinary

Call

B

2.000.00

11.50

A

15/06/2012

60

USD 0.5 ordinary

Call

B

2.000.00

11.50

A

15/06/2012

62

USD 0.5 ordinary

Put

B

10.000.00

11.50

A

18/05/2012

27.5

USD 0.5 ordinary

Put

S

10.000.00

11.50

E

18/05/2012

28.75

USD 0.5 ordinary

Call

S

4.000.00

11.50

E

15/06/2012

61.25

 

 

(ii) Exercising

 

Class of relevant security

Product description

e.g. call option

Number of securities

Exercise price per unit

 

(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:

26/04/2012

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

 

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

10.000.00

10.5000

A

18/05/2012

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

75.000.00

12.0000

A

18/05/2012

USD 0.5 ordinary

Putt

S

60.000.00

11.0000

A

18/05/2012

USD 0.5 ordinary

Call

S

10.000.00

11.0000

A

18/05/2012

USD 0.5 ordinary

Putt

B

560.000.00

11.0000

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

77.000.00

12.0000

A

15/06/2012

USD 0.5 ordinary

Call

S

15.000.00

11.0000

A

15/06/2012

USD 0.5 ordinary

Call

B

25.000.00

12.0000

A

15/06/2012

USD 0.5 ordinary

Call

B

55.000.00

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

Put

B

5.000.00

12.0000

A

15/06/2012

USD 0.5 ordinary

Call

B

285.000.00

11.0000

A

21/09/2012

USD 0.5 ordinary

Call

B

10.000.00

14.0000

A

21/09/2012

USD 0.5 ordinary

Call

B

10.000.00

14.0000

A

21/09/2012

USD 0.5 ordinary

Call

B

10.000.00

14.0000

A

21/09/2012

USD 0.5 ordinary

Call

B

10.000.00

14.0000

A

21/09/2012

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

Call

B

15.000.00

13.0000

A

21/12/2012

USD 0.5 ordinary

Put

S

130.000.00

10.0000

A

21/12/2012

USD 0.5 ordinary

Put

B

90.000.00

14.0000

A

19/12/2014

USD 0.5 ordinary

Put

S

1,500,000.00

10.0000

A

15/06/2012

USD 0.5 ordinary

Put

B

1,500,000.00

10.0000

A

21/09/2012

 

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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