AMENDMENT
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: |
Morgan Stanley Securities Limited |
|
(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 dealing undertaken: |
7th February 2012 |
|
(e) Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer? |
No
|
2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER
(a) Purchases and sales
|
Class of relevant security |
Purchases/ sales
|
Total number of securities |
Highest price per unit paid/received |
Lowest price per unit paid/received |
|
ORD USD |
PURCHASES |
8,943,901 |
12.7570 GBP |
11.9000 GBP |
|
ORD USD |
SALES |
7,187,919 |
12.4250 GBP |
11.9000 GBP |
|
ORD USD |
SALES |
10,000 |
19.4049 USD |
19.3547 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 |
||
|
ORD USD |
FUTURE |
SALE |
72 |
12.3196 GBP |
|
|
|
ORD USD |
FUTURE |
SALE |
159 |
12.3197 GBP |
|
|
|
ORD USD |
CFD |
LONG |
8,371 |
11.9732 GBP |
|
|
|
ORD USD |
CFD |
LONG |
1,629 |
11.9732 GBP |
|
|
|
ORD USD |
CFD |
LONG |
434 |
11.9976 GBP |
|
|
|
ORD USD |
CFD |
LONG |
661 |
11.9988 GBP |
|
|
|
ORD USD |
CFD |
LONG |
4,241 |
12.0000 GBP |
|
|
|
ORD USD |
CFD |
LONG |
6,876 |
12.0000 GBP |
|
|
|
ORD USD |
CFD |
LONG |
8 |
12.0000 GBP |
|
|
|
ORD USD |
CFD |
LONG |
3,660 |
12.0067 GBP |
|
|
|
ORD USD |
CFD |
LONG |
77,480 |
12.0067 GBP |
|
|
|
ORD USD |
CFD |
LONG |
17,544 |
12.0067 GBP |
|
|
|
ORD USD |
CFD |
LONG |
616,351 |
12.0346 GBP |
|
|
|
ORD USD |
CFD |
LONG |
1,392 |
12.0366 GBP |
|
|
|
ORD USD |
CFD |
LONG |
31,789 |
12.2002 GBP |
|
|
|
ORD USD |
CFD |
LONG |
2,159 |
12.2339 GBP |
|
|
|
ORD USD |
CFD |
LONG |
11,000 |
12.2400 GBP |
|
|
|
ORD USD |
CFD |
LONG |
1,629 |
12.2495 GBP |
|
|
|
ORD USD |
CFD |
LONG |
8,371 |
12.2495 GBP |
|
|
|
ORD USD |
CFD |
LONG |
25,000 |
12.2579 GBP |
|
|
|
ORD USD |
CFD |
LONG |
292,806 |
12.2800 GBP |
|
|
|
ORD USD |
CFD |
LONG |
100,281 |
12.2903 GBP |
|
|
|
ORD USD |
CFD |
LONG |
10,741 |
12.2916 GBP |
|
|
|
ORD USD |
CFD |
LONG |
995 |
12.3176 GBP |
|
|
|
ORD USD |
CFD |
LONG |
4,108 |
12.3931 GBP |
|
|
|
ORD USD |
CFD |
LONG |
483 |
12.4075 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
3,320 |
11.9718 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
61,672 |
11.9922 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
220 |
12.0000 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
1,390 |
12.0021 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
19,344 |
12.0058 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
5,456 |
12.0058 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
28,469 |
12.0063 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
28,942 |
12.0100 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
672 |
12.0251 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
6,180 |
12.0287 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
5,751 |
12.0287 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
28,643 |
12.0474 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
77,480 |
12.0474 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
27,029 |
12.0474 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
1,277 |
12.0474 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
3,660 |
12.0474 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
1,353 |
12.0474 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
17,544 |
12.0474 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
6,485 |
12.0474 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
6,120 |
12.0474 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
28,051 |
12.1384 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
31,988 |
12.1384 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
2,636 |
12.1872 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
1,531 |
12.1944 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
39,570 |
12.2132 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
292,806 |
12.2800 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
1,303 |
12.2813 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
1,486 |
12.2813 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
4,680 |
12.2981 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
759,208 |
12.3171 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
3,701 |
12.3178 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
8,155 |
12.3178 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
270 |
12.3325 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
6,299 |
12.3325 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
11,529 |
12.3325 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
15,007 |
12.3325 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
19,435 |
12.3325 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
10,921 |
12.3325 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
3,218 |
12.3567 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
6,474 |
12.3595 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
1,392 |
12.3603 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
24,452 |
12.3603 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
608 |
12.3612 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
4,108 |
12.3886 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
48,587 |
12.7595 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
37,516 |
12.7595 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
676 |
12.7595 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
15,747 |
12.7595 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
28,824 |
12.7595 GBP |
|
|
|
ORD USD |
CFD |
SHORT |
27,302 |
12.7595 GBP |
|
|
|
ORD USD |
CFD |
LONG |
5,000 |
19.3548 GBP |
|
|
|
ORD USD |
CFD |
LONG |
5,000 |
19.4050 GBP |
|
|
|
ORD USD |
CFD |
LONG |
143 |
17.8955 CHF |
|
|
|
ORD USD |
CFD |
LONG |
4,284 |
17.9003 CHF |
|
|
|
ORD USD |
CFD |
SHORT |
2,738 |
17.3241 CHF |
|
|
|
ORD USD |
CFD |
SHORT |
3,325 |
15.1245 CHF |
|
|
|
ORD USD |
CFD |
LONG |
322 |
14.6537 EUR |
|
|
(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 |
|
ORD USD |
PUT |
PURCHASE |
620,000 |
1100.0000 |
A |
15/06/2012 |
0.58 GBP |
|
ORD USD |
CALL |
SALE |
620,000 |
1300.0000 |
A |
15/06/2012 |
0.68 GBP |
(ii) Exercising
|
Class of relevant security |
Product description e.g. call option |
Number of securities |
Exercise price per unit |
|
N/A |
N/A |
N/A |
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 |
N/A |
N/A |
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 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: |
9th February 2012 |
Contact name: |
Jenna Harrison |
Telephone number: |
0207 677 5870 |
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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