Glencore International Plc : Form 8.5 (Glencore International Plc)

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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:	04 January 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:	1,764,902	0.02	0.00	0.00
(2) Derivatives (other than options):	933,431	0.01	6,814,281	0.10
(3)Options and agreements to purchase/sell:	60,000	0.00	10,000	0.00
TOTAL:	2,758,333	0.04	6,824,281	0.10

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	89,090	3.8080
USD 0.01 ordinary shares	Purchase	1,799	3.8010
USD 0.01 ordinary shares	Purchase	1,985	3.8005
USD 0.01 ordinary shares	Purchase	5,218	3.8000
USD 0.01 ordinary shares	Purchase	414	3.7995
USD 0.01 ordinary shares	Purchase	170	3.7990
USD 0.01 ordinary shares	Purchase	273	3.7980
USD 0.01 ordinary shares	Purchase	3,595	3.7940
USD 0.01 ordinary shares	Purchase	2,628	3.7935
USD 0.01 ordinary shares	Purchase	677	3.7835
USD 0.01 ordinary shares	Purchase	6,686	3.7830
USD 0.01 ordinary shares	Purchase	6,224	3.7825
USD 0.01 ordinary shares	Purchase	2,758	3.7815
USD 0.01 ordinary shares	Purchase	1,033	3.7810
USD 0.01 ordinary shares	Purchase	3,367	3.7805
	Total:	125,917
USD 0.01 ordinary shares	Sale	52,072	3.8080
USD 0.01 ordinary shares	Sale	8,824	3.8040
USD 0.01 ordinary shares	Sale	2,699	3.8035
USD 0.01 ordinary shares	Sale	6,987	3.8020
USD 0.01 ordinary shares	Sale	59	3.8015
USD 0.01 ordinary shares	Sale	350	3.8010
USD 0.01 ordinary shares	Sale	1,089	3.8005
USD 0.01 ordinary shares	Sale	234	3.8000
USD 0.01 ordinary shares	Sale	202	3.7995
USD 0.01 ordinary shares	Sale	9,685	3.7985
USD 0.01 ordinary shares	Sale	76	3.7980
USD 0.01 ordinary shares	Sale	3,785	3.7975
USD 0.01 ordinary shares	Sale	4,284	3.7970
USD 0.01 ordinary shares	Sale	426	3.7945
USD 0.01 ordinary shares	Sale	1,050	3.7920
USD 0.01 ordinary shares	Sale	3	3.7900
USD 0.01 ordinary shares	Sale	1,000	3.7890
USD 0.01 ordinary shares	Sale	4,366	3.7885
USD 0.01 ordinary shares	Sale	886	3.7865
USD 0.01 ordinary shares	Sale	3,000	3.7820
USD 0.01 ordinary shares	Sale	6,499	3.7815
USD 0.01 ordinary shares	Sale	2,411	3.7810
USD 0.01 ordinary shares	Sale	2,449	3.7805
USD 0.01 ordinary shares	Sale	9,000	3.7800
USD 0.01 ordinary shares	Sale	7,853	3.7790
USD 0.01 ordinary shares	Sale	300	3.7785
USD 0.01 ordinary shares	Sale	386	3.7780
USD 0.01 ordinary shares	Sale	147	3.7765
USD 0.01 ordinary shares	Sale	7,668	3.7760
USD 0.01 ordinary shares	Sale	4,453	3.7750
USD 0.01 ordinary shares	Sale	554	3.7745
USD 0.01 ordinary shares	Sale	808	3.7740
USD 0.01 ordinary shares	Sale	107	3.7685
USD 0.01 ordinary shares	Sale	10	3.7680
USD 0.01 ordinary shares	Sale	441	3.7675
USD 0.01 ordinary shares	Sale	23	3.7665
USD 0.01 ordinary shares	Sale	40	3.7660
USD 0.01 ordinary shares	Sale	80	3.7650
USD 0.01 ordinary shares	Sale	160	3.7645
USD 0.01 ordinary shares	Sale	43	3.7605
USD 0.01 ordinary shares	Sale	4,062	3.7590
USD 0.01 ordinary shares	Sale	842	3.7580
USD 0.01 ordinary shares	Sale	234	3.7575
USD 0.01 ordinary shares	Sale	397	3.7570
USD 0.01 ordinary shares	Sale	226	3.7545
USD 0.01 ordinary shares	Sale	220	3.7540
USD 0.01 ordinary shares	Sale	322	3.7530
USD 0.01 ordinary shares	Sale	33	3.7525
USD 0.01 ordinary shares	Sale	82	3.7520
USD 0.01 ordinary shares	Sale	11	3.7515
USD 0.01 ordinary shares	Sale	210	3.7510
USD 0.01 ordinary shares	Sale	184	3.7505
USD 0.01 ordinary shares	Sale	172	3.7500
USD 0.01 ordinary shares	Sale	2,461	3.7495
USD 0.01 ordinary shares	Sale	774	3.7485
USD 0.01 ordinary shares	Sale	754	3.7450
USD 0.01 ordinary shares	Sale	470	3.7445
USD 0.01 ordinary shares	Sale	2,037	3.7440
USD 0.01 ordinary shares	Sale	910	3.7435
USD 0.01 ordinary shares	Sale	1,798	3.7430
USD 0.01 ordinary shares	Sale	1,506	3.7420
USD 0.01 ordinary shares	Sale	745	3.7400
USD 0.01 ordinary shares	Sale	630	3.7395
USD 0.01 ordinary shares	Sale	4,859	3.7390
USD 0.01 ordinary shares	Sale	468	3.7380
	Total:	168,916

(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
USD 0.01 ordinary shares	Put	Buy	15,000	3.60	E	15/02/2013	6.50

(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:	07 January 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 [e-mail]. 

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on [phone].

The Code can be viewed on the Panel's website atwww.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	15/03/2012
USD 0.01 ordinary shares	Put	Sell	35,000	3.00	E	15/03/2012
USD 0.01 ordinary shares	Call	Buy	10,000	2.80	E	15/03/2012
USD 0.01 ordinary shares	Put	Buy	15,000	3.60	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 [phone].

The Code can be viewed on the Panel's website atwww.thetakeoverpanel.org.uk.

This information is provided by RNS

The company news service from the London Stock Exchange

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