Form 8.5 (EPT/RI) Xstrata Plc

LONDON--()--

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:   J.P. Morgan Securities plc
(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:   Xstrata Plc
(d) Date dealing undertaken:   21 December 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. 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
Ordinary Shares   Purchases

 

Sales

  2,155,073

 

5,186

1,632,998

  10.5350 GBP

 

15.5500 CHF

10.5200 GBP

  10.2550 GBP

 

15.3500 CHF

10.2950 GBP

(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
Ordinary Shares   Equity Swap   Long

 

 

 

Short

  5,434,000

5,186

800,000

 

14,640

300,000

  10.5100 GBP

15.4314 CHF

10.3750 GBP

 

10.3914 GBP

10.5012 GBP

(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

(GBP)

  Type

e.g. American, European etc.

  Expiry date   Option money paid/ received per unit

(GBP)

Ordinary Shares   Call

 

 

Call

 

 

Call

 

 

Call

 

 

Call

  Purchasing

 

 

Purchasing

 

 

Selling

 

 

Selling

 

 

Selling

  1,086,000

 

 

4,347,000

 

 

2,250,000

 

 

5,434,000

 

 

3,184,000

  10.00

 

 

9.80

 

 

8.40

 

 

9.20

 

 

9.20

  American

 

 

American

 

 

American

 

 

American

 

 

American

 

15 FEB 12

 

15 FEB 12

 

21 DEC 12

 

21 DEC 12

 

21 DEC 12

  0.66

 

 

0.81

 

 

2.11

 

 

1.28

 

 

1.31

(ii) Exercising

Class of relevant security   Product description

e.g. call option

  Number of securities   Exercise price per unit (GBP)
Ordinary Shares   Excercise of Call Option

 

 

 

 

Assignment of a Put Option

  500,000

1,000,000

120,624

45,095

 

 

300,000

50,000

41,674

  8.00

9.20

8.23

8.26

 

 

13.00

11.00

10.63

(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”

(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”

Date of disclosure:   24 December 2012
Contact name:   Andrew Mhango
Telephone number:   0207 134 6114

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.

Short Name: J.P. MORGAN SEC.PLC
Category Code: FER
Sequence Number: 357196
Time of Receipt (offset from UTC): 20121224T124310+0000

Contacts

J.P. Morgan Securities plc.

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Contacts

J.P. Morgan Securities plc.