Amendment - due to the amendment of Equity and Derivative transactions, the disclosure made on 22 May for dealings on 21 May has been updated. Sections 2(a) and 2(b) have been updated.
FORM 8.5 (EPT/RI)
PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the "Code")
1.
KEY INFORMATION
|
(a) Name of exempt principal trader: |
(GS) GOLDMAN SACHS INTERNATIONAL |
|
(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: |
XSTRATA PLC |
|
(d) Date dealing undertaken: |
21 May 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 - disclosed previously for XSTRATA PLC |
2.
DEALINGS BY THE EXEMPT PRINCIPAL TRADER
(a) Purchases and sales
|
Class of relevant security |
Purchases/ sales
|
Highest price per unit paid/received |
Lowest price per unit paid/received |
|
|
USD 0.01 ordinary |
Purchases |
1,899,922 |
3.5335 GBP |
3.4375 GBP |
|
USD 0.01 ordinary |
Sales |
4,166,397 |
3.5340 GBP |
3.4445 GBP |
|
Convertible Bond |
Purchases |
2,500,000 |
120.4250 USD |
120.4250 USD |
|
Convertible Bond |
Sales |
2,000,000 |
120.8800 USD |
120.8800 USD |
(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 0.01 ordinary |
CFD |
Opening a long position |
231,000 |
3.4502 GBP |
|
USD 0.01 ordinary |
CFD |
Opening a long position |
50,000 |
3.4572 GBP |
|
USD 0.01 ordinary |
CFD |
Opening a long position |
515,853 |
3.4715 GBP |
|
USD 0.01 ordinary |
CFD |
Reducing a long position |
3,415 |
3.4732 GBP |
|
USD 0.01 ordinary |
CFD |
Reducing a long position |
12,713 |
3.4732 GBP |
|
USD 0.01 ordinary |
CFD |
Opening a long position |
350,000 |
3.4740 GBP |
|
USD 0.01 ordinary |
CFD |
Opening a short position |
4,302 |
3.4787 GBP |
|
USD 0.01 ordinary |
CFD |
Opening a long position |
504,814 |
3.4875 GBP |
|
USD 0.01 ordinary |
CFD |
Closing a long position |
52,600 |
3.4977 GBP |
|
USD 0.01 ordinary |
CFD |
Reducing a long position |
492,400 |
3.4977 GBP |
|
USD 0.01 ordinary |
CFD |
Opening a short position |
137,638 |
3.5021 GBP |
|
USD 0.01 ordinary |
CFD |
Opening a long position |
9,129 |
3.5117 GBP |
|
USD 0.01 ordinary |
CFD |
Reducing a short position |
3,654 |
3.5139 GBP |
|
USD 0.01 ordinary |
CFD |
Closing a long position |
10,000 |
3.5284 GBP |
|
USD 0.01 ordinary |
CFD |
Reducing a long position |
15,000 |
3.5284 GBP |
|
USD 0.01 ordinary |
SWAP |
Opening a short position |
15,000 |
3.4655 GBP |
|
USD 0.01 ordinary |
SWAP |
Opening a short position |
15,000 |
3.4656 GBP |
|
USD 0.01 ordinary |
SWAP |
Opening a short position |
20,000 |
3.4721 GBP |
|
USD 0.01 ordinary |
SWAP |
Opening a short position |
25,000 |
3.4740 GBP |
|
USD 0.01 ordinary |
SWAP |
Opening a long position |
13,905 |
3.4792 GBP |
|
USD 0.01 ordinary |
SWAP |
Opening a long position |
8,610 |
3.4792 GBP |
|
USD 0.01 ordinary |
SWAP |
Opening a long position |
53,786 |
3.4792 GBP |
|
USD 0.01 ordinary |
SWAP |
Opening a long position |
12,041 |
3.4792 GBP |
|
USD 0.01 ordinary |
SWAP |
Reducing a long position |
6,600 |
3.4881 GBP |
|
USD 0.01 ordinary |
SWAP |
Reducing a long position |
13,000 |
3.4881 GBP |
|
USD 0.01 ordinary |
SWAP |
Reducing a long position |
45,313 |
5.5055 USD |
(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 (Euronext: OPTI.NX - news) money paid/ received per unit |
(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) |
|
|
|
|
|
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 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
3.
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
|
Date of disclosure: |
23 May 2012 |
Contact name: |
Audrey Malone and Darren Adam |
Telephone number: |
+44(20) 7552 3836 / +44(20) 7051 4224 |
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 monitoring@disclosure.org.uk. 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.
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