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:	11 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:	2,627,943	0.04	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:	105,000	0.00	10,000	0.00
TOTAL:	3,666,374	0.05	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	15,256	3.9150
USD 0.01 ordinary shares	Purchase	1,409	3.9145
USD 0.01 ordinary shares	Purchase	326	3.9140
USD 0.01 ordinary shares	Purchase	835	3.9120
USD 0.01 ordinary shares	Purchase	4,755	3.9110
USD 0.01 ordinary shares	Purchase	2,699	3.9105
USD 0.01 ordinary shares	Purchase	747	3.9100
USD 0.01 ordinary shares	Purchase	1,893	3.9095
USD 0.01 ordinary shares	Purchase	590	3.9090
USD 0.01 ordinary shares	Purchase	4,163	3.9075
USD 0.01 ordinary shares	Purchase	1,065	3.9070
USD 0.01 ordinary shares	Purchase	3,980	3.9065
USD 0.01 ordinary shares	Purchase	969	3.9050
USD 0.01 ordinary shares	Purchase	234	3.9045
USD 0.01 ordinary shares	Purchase	4,090	3.9035
USD 0.01 ordinary shares	Purchase	2,205	3.9030
USD 0.01 ordinary shares	Purchase	5,000	3.9025
USD 0.01 ordinary shares	Purchase	4,033	3.9020
USD 0.01 ordinary shares	Purchase	16,864	3.9015
USD 0.01 ordinary shares	Purchase	9,246	3.9010
USD 0.01 ordinary shares	Purchase	28,857	3.9005
USD 0.01 ordinary shares	Purchase	314	3.9000
USD 0.01 ordinary shares	Purchase	5,002	3.8995
USD 0.01 ordinary shares	Purchase	5,000	3.8990
USD 0.01 ordinary shares	Purchase	2,224	3.8985
USD 0.01 ordinary shares	Purchase	3,546	3.8980
USD 0.01 ordinary shares	Purchase	789	3.8970
USD 0.01 ordinary shares	Purchase	1,198	3.8965
USD 0.01 ordinary shares	Purchase	1,843	3.8955
USD 0.01 ordinary shares	Purchase	25	3.8952
USD 0.01 ordinary shares	Purchase	1,279	3.8950
USD 0.01 ordinary shares	Purchase	327	3.8945
USD 0.01 ordinary shares	Purchase	326	3.8940
USD 0.01 ordinary shares	Purchase	288	3.8865
USD 0.01 ordinary shares	Purchase	914	3.8685
USD 0.01 ordinary shares	Purchase	1,801	3.8680
USD 0.01 ordinary shares	Purchase	1,800	3.8675
USD 0.01 ordinary shares	Purchase	1,000	3.8670
USD 0.01 ordinary shares	Purchase	3,532	3.8600
	Total:	140,424
USD 0.01 ordinary shares	Sale	10	3.9150
USD 0.01 ordinary shares	Sale	222	3.9125
USD 0.01 ordinary shares	Sale	222	3.9120
USD 0.01 ordinary shares	Sale	2,868	3.9115
USD 0.01 ordinary shares	Sale	1,451	3.9105
USD 0.01 ordinary shares	Sale	4,277	3.9100
USD 0.01 ordinary shares	Sale	8,490	3.9085
USD 0.01 ordinary shares	Sale	3,280	3.9080
USD 0.01 ordinary shares	Sale	5,000	3.9065
USD 0.01 ordinary shares	Sale	278	3.9045
USD 0.01 ordinary shares	Sale	5,000	3.9040
USD 0.01 ordinary shares	Sale	74	3.9030
USD 0.01 ordinary shares	Sale	106	3.9015
USD 0.01 ordinary shares	Sale	67	3.9005
USD 0.01 ordinary shares	Sale	2,528	3.9000
USD 0.01 ordinary shares	Sale	5,049	3.8995
USD 0.01 ordinary shares	Sale	34	3.8990
USD 0.01 ordinary shares	Sale	36	3.8985
USD 0.01 ordinary shares	Sale	1,597	3.8975
USD 0.01 ordinary shares	Sale	2,127	3.8970
USD 0.01 ordinary shares	Sale	1,993	3.8950
USD 0.01 ordinary shares	Sale	90	3.8930
USD 0.01 ordinary shares	Sale	162	3.8890
USD 0.01 ordinary shares	Sale	29	3.8880
USD 0.01 ordinary shares	Sale	36	3.8875
USD 0.01 ordinary shares	Sale	14	3.8870
USD 0.01 ordinary shares	Sale	853	3.8865
USD 0.01 ordinary shares	Sale	520	3.8860
USD 0.01 ordinary shares	Sale	43	3.8855
USD 0.01 ordinary shares	Sale	263	3.8840
USD 0.01 ordinary shares	Sale	1,299	3.8810
USD 0.01 ordinary shares	Sale	519	3.8795
USD 0.01 ordinary shares	Sale	173	3.8770
USD 0.01 ordinary shares	Sale	232	3.8755
USD 0.01 ordinary shares	Sale	38	3.8750
USD 0.01 ordinary shares	Sale	93	3.8720
USD 0.01 ordinary shares	Sale	5,515	3.8700
USD 0.01 ordinary shares	Sale	33	3.8690
USD 0.01 ordinary shares	Sale	139	3.8685
USD 0.01 ordinary shares	Sale	149	3.8680
USD 0.01 ordinary shares	Sale	11	3.8675
USD 0.01 ordinary shares	Sale	10	3.8670
USD 0.01 ordinary shares	Sale	50	3.8660
USD 0.01 ordinary shares	Sale	208	3.8640
USD 0.01 ordinary shares	Sale	2	3.8630
USD 0.01 ordinary shares	Sale	1,765	3.8625
USD 0.01 ordinary shares	Sale	90	3.8620
USD 0.01 ordinary shares	Sale	15	3.8615
USD 0.01 ordinary shares	Sale	103	3.8610
USD 0.01 ordinary shares	Sale	532	3.8605
USD 0.01 ordinary shares	Sale	600	3.8600
USD 0.01 ordinary shares	Sale	642	3.8595
USD 0.01 ordinary shares	Sale	632	3.8590
USD 0.01 ordinary shares	Sale	1,428	3.8585
USD 0.01 ordinary shares	Sale	226	3.8580
USD 0.01 ordinary shares	Sale	48	3.8575
USD 0.01 ordinary shares	Sale	290	3.8565
USD 0.01 ordinary shares	Sale	892	3.8545
	Total:	62,453

(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
None

(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:	14 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
USD 0.01 ordinary shares	Call	Buy	30,000	3.80	E	15/02/2013
USD 0.01 ordinary shares	Call	Buy	15,000	3.90	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

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