Form 8.5 (EPT/NON-RI) AMENDMENT - SCHNEIDER ELECTRIC SA

26th Sep 2013 12:51

FORM 8.5 (EPT/NON-RI) AMENDMENT

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

Name of exempt principal trader:		BARCLAYS CAPITAL SECURITIES LTD
Name of offeror/offeree in relation to whose		SCHNEIDER ELECTRIC SA
relevant securities this form relates:
Name of the party to the offer with which exempt		Advisor to Offeree
principal trader is connected
Date position held/dealing undertaken:		24 September 2013
Has the EPT previously disclosed, or is it		YES:
today disclosing, under the Code in respect		INVENSYS PLC
of any other party to this offer?

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:				ORD
				Interests				Short Positions
				Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		1,503,808		0.27%		1,206,675		0.22%
(2)		Derivatives (other than
		options):		2,034,045		0.36%		1,355,489		0.24%
(3)		Options and agreements to
		purchase/sell:		1,015,000		0.18%		1,690,000		0.30%
		TOTAL:
				4,552,853		0.81%		4,252,164		0.76%

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:
Details, including nature of the rights concerned and relevant percentages:

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		Purchase/sale		Number of		Price per unit
security				securities
ORD		Purchase		1		65.7510 EUR
ORD		Purchase		3		64.9100 EUR
ORD		Purchase		6		64.7700 EUR
ORD		Purchase		10		65.6980 EUR
ORD		Purchase		16		64.8610 EUR
ORD		Purchase		17		65.7450 EUR
ORD		Purchase		28		65.3980 EUR
ORD		Purchase		28		65.4360 EUR
ORD		Purchase		28		65.4900 EUR
ORD		Purchase		28		65.9500 EUR
ORD		Purchase		30		17.6600 USD
ORD		Purchase		37		65.7920 EUR
ORD		Purchase		37		65.7960 EUR
ORD		Purchase		48		65.4460 EUR
ORD		Purchase		48		65.4860 EUR
ORD		Purchase		48		65.8900 EUR
ORD		Purchase		49		65.8460 EUR
ORD		Purchase		60		65.8800 EUR
ORD		Purchase		60		65.9100 EUR
ORD		Purchase		62		65.7460 EUR
ORD		Purchase		79		65.3960 EUR
ORD		Purchase		93		65.5281 EUR
ORD		Purchase		100		66.0200 EUR
ORD		Purchase		108		65.4200 EUR
ORD		Purchase		109		64.9200 EUR
ORD		Purchase		120		65.6000 EUR
ORD		Purchase		120		66.1700 EUR
ORD		Purchase		122		65.3800 EUR
ORD		Purchase		139		65.9300 EUR
ORD		Purchase		145		65.0810 EUR
ORD		Purchase		155		65.4100 EUR
ORD		Purchase		156		65.3410 EUR
ORD		Purchase		156		65.4450 EUR
ORD		Purchase		170		65.3500 EUR
ORD		Purchase		181		65.6940 EUR
ORD		Purchase		232		65.8340 EUR
ORD		Purchase		239		65.7400 EUR
ORD		Purchase		249		65.7800 EUR
ORD		Purchase		263		65.5095 EUR
ORD		Purchase		281		65.8420 EUR
ORD		Purchase		289		65.3900 EUR
ORD		Purchase		321		65.9200 EUR
ORD		Purchase		322		65.9600 EUR
ORD		Purchase		367		65.9400 EUR
ORD		Purchase		400		65.4400 EUR
ORD		Purchase		408		65.7600 EUR
ORD		Purchase		411		65.7650 EUR
ORD		Purchase		448		65.4500 EUR
ORD		Purchase		483		65.6800 EUR
ORD		Purchase		572		65.8000 EUR
ORD		Purchase		593		65.7420 EUR
ORD		Purchase		623		65.4434 EUR
ORD		Purchase		630		65.7784 EUR
ORD		Purchase		694		65.5000 EUR
ORD		Purchase		740		65.7000 EUR
ORD		Purchase		752		66.2286 EUR
ORD		Purchase		848		65.7900 EUR
ORD		Purchase		877		65.7700 EUR
ORD		Purchase		901		65.1000 EUR
ORD		Purchase		1,006		65.7070 EUR
ORD		Purchase		1,130		65.3859 EUR
ORD		Purchase		1,245		65.0900 EUR
ORD		Purchase		1,293		65.8500 EUR
ORD		Purchase		1,644		65.1500 EUR
ORD		Purchase		2,705		65.3878 EUR
ORD		Purchase		2,764		65.4000 EUR
ORD		Purchase		3,412		65.7500 EUR
ORD		Purchase		3,951		65.5443 EUR
ORD		Purchase		4,783		65.8572 EUR
ORD		Purchase		6,249		65.5662 EUR
ORD		Purchase		8,472		65.6679 EUR
ORD		Purchase		8,811		65.5603 EUR
ORD		Purchase		11,034		65.7100 EUR
ORD		Purchase		11,137		65.5150 EUR
ORD		Purchase		11,848		65.7776 EUR
ORD		Purchase		33,344		65.7235 EUR
ORD		Purchase		2,447		65.8993 EUR
ORD (traded as ADR)		Purchase		21		17.6600 USD
ORD (traded as ADR)		Purchase		119		17.7600 USD
ORD (traded as ADR)		Purchase		2,954		17.7740 USD
ORD (traded as ADR)		Sale		21		17.6600 USD
ORD (traded as ADR)		Sale		119		17.7600 USD
ORD (traded as ADR)		Sale		2,954		17.7740 USD
ORD		Sale		894		64.8978 EUR
ORD		Sale		2,303		65.7007 EUR
ORD		Sale		1		65.7510 EUR
ORD		Sale		10		65.6980 EUR
ORD		Sale		16		64.8610 EUR
ORD		Sale		28		65.3980 EUR
ORD		Sale		28		65.4360 EUR
ORD		Sale		28		65.4900 EUR
ORD		Sale		28		65.9500 EUR
ORD		Sale		37		65.7920 EUR
ORD		Sale		37		65.7960 EUR
ORD		Sale		48		65.4460 EUR
ORD		Sale		48		65.4860 EUR
ORD		Sale		48		65.8900 EUR
ORD		Sale		49		65.8460 EUR
ORD		Sale		60		65.8800 EUR
ORD		Sale		60		65.9100 EUR
ORD		Sale		62		65.7460 EUR
ORD		Sale		79		65.3960 EUR
ORD		Sale		91		65.3800 EUR
ORD		Sale		100		66.0200 EUR
ORD		Sale		108		65.4200 EUR
ORD		Sale		109		64.9200 EUR
ORD		Sale		120		65.6000 EUR
ORD		Sale		120		66.1700 EUR
ORD		Sale		139		65.9300 EUR
ORD		Sale		145		65.0810 EUR
ORD		Sale		155		65.4100 EUR
ORD		Sale		156		65.3410 EUR
ORD		Sale		156		65.4450 EUR
ORD		Sale		167		65.7713 EUR
ORD		Sale		170		65.3500 EUR
ORD		Sale		181		65.6940 EUR
ORD		Sale		232		65.8340 EUR
ORD		Sale		239		65.7400 EUR
ORD		Sale		281		65.8420 EUR
ORD		Sale		283		65.4211 EUR
ORD		Sale		289		65.3900 EUR
ORD		Sale		321		65.9200 EUR
ORD		Sale		322		65.9600 EUR
ORD		Sale		344		65.7800 EUR
ORD		Sale		367		65.9400 EUR
ORD		Sale		400		65.4400 EUR
ORD		Sale		411		65.7650 EUR
ORD		Sale		448		65.4500 EUR
ORD		Sale		458		65.7600 EUR
ORD		Sale		483		65.6800 EUR
ORD		Sale		488		65.7634 EUR
ORD		Sale		523		65.8959 EUR
ORD		Sale		572		65.8000 EUR
ORD		Sale		593		65.7420 EUR
ORD		Sale		617		65.5075 EUR
ORD		Sale		694		65.5000 EUR
ORD		Sale		740		65.7000 EUR
ORD		Sale		795		65.5651 EUR
ORD		Sale		848		65.7900 EUR
ORD		Sale		877		65.7700 EUR
ORD		Sale		889		65.7631 EUR
ORD		Sale		901		65.1000 EUR
ORD		Sale		1,245		65.0900 EUR
ORD		Sale		1,293		65.8500 EUR
ORD		Sale		1,443		65.7176 EUR
ORD		Sale		1,604		65.7100 EUR
ORD		Sale		1,644		65.1500 EUR
ORD		Sale		1,915		64.9329 EUR
ORD		Sale		2,482		65.8441 EUR
ORD		Sale		2,764		65.4000 EUR
ORD		Sale		3,412		65.7500 EUR
ORD		Sale		3,901		65.7890 EUR
ORD		Sale		4,003		65.7455 EUR
ORD		Sale		4,466		65.7191 EUR
ORD		Sale		4,814		65.8115 EUR
ORD		Sale		6,053		65.4548 EUR
ORD		Sale		12,581		65.7070 EUR
ORD		Sale		14,772		17.7740 USD
ORD		Sale		17,392		65.7624 EUR
ORD		Sale		19,122		65.6366 EUR
ORD		Sale		20,786		65.5998 EUR
ORD		Sale		21,944		65.5260 EUR

(b) Derivatives transactions (other than options)

Class of		Product		Nature of dealing		Number of		Price per
relevant		description				reference		unit
security						securities
ORD		CFD		Long		6		65.7416 EUR
ORD		SWAP		Long		200		65.0200 EUR
ORD		SWAP		Long		545		65.6410 EUR
ORD		SWAP		Long		2,233		65.7191 EUR
ORD		SWAP		Long		2,542		65.6196 EUR
ORD		CFD		Long		2,954		17.7740 USD
ORD		CFD		Short		6		17.6600 USD
ORD		SWAP		Long		2,800		65.7100 EUR
ORD		CFD		Long		4,814		65.8115 EUR
ORD		SWAP		Long		7,112		65.5261 EUR
ORD		CFD		Long		16,536		65.5722 EUR
ORD		CFD		Short		159		65.5859 EUR
ORD		CFD		Short		197		64.9284 EUR
ORD		SWAP		Short		382		65.6498 EUR
ORD		SWAP		Short		500		65.5006 EUR
ORD		SWAP		Short		2,800		65.7100 EUR
ORD		SWAP		Short		7,775		65.6983 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

(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 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:		26 Sep 2013
Contact name:		Rajesh Muthanna
Telephone number:		020 3555 4634

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 [email protected]. 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.

143221.01

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 the person whose positions/dealings		BARCLAYS CAPITAL SECURITIES LTD
are being disclosed:
Name of offeror/offeree in relation to whose		SCHNEIDER ELECTRIC SA
relevant securities this from relates:

2. OPTIONS AND DERIVATIVES

Class

Product

Writing,

Number

Exercise

Type

Expiry

of

description

purchasing,

of

price

date

relevant

selling,

securities

per unit

security

varying etc

to which

option

relates

ORD

Futures

Purchased

140,000

1.3340

20 Dec 2013

ORD

Futures

Selling

-90,000

1.5200

20 Dec 2013

ORD

Put Options

Written

-300,000

57.7500

European

18 Dec 2015

ORD

Call Options

Written

-250,000

57.7500

European

18 Dec 2015

ORD

Put Options

Purchased

150,000

38.0000

American

20 Jun 2014

ORD

Put Options

Purchased

25,000

42.0000

American

20 Dec 2013

ORD

Put Options

Purchased

25,000

43.0000

American

20 Dec 2013

ORD

Put Options

Purchased

125,000

44.0000

American

20 Dec 2013

ORD

Put Options

Purchased

200,000

48.0000

American

20 Dec 2013

ORD

Put Options

Purchased

100,000

50.0000

American

20 Dec 2013

ORD

Put Options

Purchased

100,000

56.0000

American

20 Dec 2013

ORD

Put Options

Written

-200,000

42.0000

American

20 Dec 2013

ORD

Put Options

Written

-200,000

48.0000

American

20 Dec 2013

ORD

Put Options

Written

-100,000

50.0000

American

20 Dec 2013

ORD

Put Options

Written

-100,000

50.0000

American

19 Dec 2014

ORD

Put Options

Written

-100,000

52.0000

American

20 Dec 2013

ORD

Call Options

Purchased

50,000

52.0000

American

20 Dec 2013

ORD

Call Options

Purchased

100,000

64.0000

American

20 Dec 2013

ORD

Call Options

Written

-50,000

48.0000

American

20 Dec 2013

ORD

Call Options

Written

-100,000

50.0000

American

20 Dec 2013

ORD

Call Options

Written

-100,000

60.0000

American

18 Oct 2013

ORD

Call Options

Written

-100,000

68.0000

American

20 Dec 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 +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

Copyright Business Wire 2013

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