5th Sep 2013 11:28
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: | BARCLAYS CAPITAL SECURITIES LTD | |||
| (b) | Name of offeror/offeree in relation to whose | SCHNEIDER ELECTRIC SA | |||
| relevant securities this form relates: | |||||
| (c) | Name of the party to the offer with which exempt | Advisor to Offeree | |||
| principal trader is connected | |||||
| (d) | Date position held/dealing undertaken: | 4 September 2013 | |||
| (e) | 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: | 1,377,700 | 0.25% | 712,421 | 0.13% | |||||||
| (2) | Derivatives (other than | ||||||||||
| options): | 1,567,634 | 0.28% | 1,413,882 | 0.25% | |||||||
| (3) | Options and agreements to | ||||||||||
| purchase/sell: | 1,293,500 | 0.23% | 1,840,000 | 0.33% | |||||||
| (4) | TOTAL: | ||||||||||
| 4,238,834 | 0.76% | 3,966,303 | 0.71% | ||||||||
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 | 34 | 59.0400 EUR | ||||
| ORD | Purchase | 200 | 15.6300 USD | ||||
| ORD | Purchase | 216 | 59.3685 EUR | ||||
| ORD | Purchase | 353 | 59.8079 EUR | ||||
| ORD | Purchase | 640 | 59.5290 EUR | ||||
| ORD | Purchase | 736 | 59.8333 EUR | ||||
| ORD | Purchase | 1,219 | 59.1727 EUR | ||||
| ORD | Purchase | 1,408 | 59.4534 EUR | ||||
| ORD | Purchase | 1,806 | 59.2855 EUR | ||||
| ORD | Purchase | 2,768 | 59.4113 EUR | ||||
| ORD | Purchase | 3,166 | 59.7900 EUR | ||||
| ORD | Purchase | 5,458 | 59.5054 EUR | ||||
| ORD | Purchase | 5,559 | 59.4296 EUR | ||||
| ORD | Purchase | 5,725 | 59.4814 EUR | ||||
| ORD | Purchase | 6,706 | 59.7823 EUR | ||||
| ORD | Purchase | 9,976 | 59.2900 EUR | ||||
| ORD | Purchase | 16,453 | 59.3537 EUR | ||||
| ORD | Purchase | 19,000 | 59.3500 EUR | ||||
| ORD | Purchase | 25,453 | 59.4930 EUR | ||||
| ORD | Purchase | 44,945 | 59.5706 EUR | ||||
| ORD | Purchase | 75,000 | 59.8864 EUR | ||||
| ORD (traded as ADR) | Purchase | 40 | 15.6300 USD | ||||
| ORD (traded as ADR) | Purchase | 86 | 15.7800 USD | ||||
| ORD (traded as ADR) | Purchase | 313 | 15.8100 USD | ||||
| ORD (traded as ADR) | Purchase | 1,284 | 15.7890 USD | ||||
| ORD | Sale | 10 | 59.7900 EUR | ||||
| ORD | Sale | 194 | 59.2200 EUR | ||||
| ORD | Sale | 785 | 59.5365 EUR | ||||
| ORD | Sale | 2,750 | 59.8344 EUR | ||||
| ORD (traded as ADR) | Sale | 40 | 15.6300 USD | ||||
| ORD (traded as ADR) | Sale | 86 | 15.7800 USD | ||||
| ORD (traded as ADR) | Sale | 211 | 15.8100 USD | ||||
| ORD (traded as ADR) | Sale | 1,284 | 15.7890 USD | ||||
| ORD | Sale | 152 | 59.2980 EUR | ||||
| ORD | Sale | 332 | 59.9000 EUR | ||||
| ORD | Sale | 713 | 59.0600 EUR | ||||
| ORD | Sale | 714 | 59.2623 EUR | ||||
| ORD | Sale | 827 | 59.3681 EUR | ||||
| ORD | Sale | 1,546 | 59.8256 EUR | ||||
| ORD | Sale | 2,234 | 59.7174 EUR | ||||
| ORD | Sale | 2,920 | 59.6272 EUR | ||||
| ORD | Sale | 3,828 | 59.6516 EUR | ||||
| ORD | Sale | 4,319 | 59.6680 EUR | ||||
| ORD | Sale | 5,621 | 59.7351 EUR | ||||
| ORD | Sale | 6,421 | 15.7890 USD | ||||
| ORD | Sale | 7,651 | 59.7712 EUR | ||||
| ORD | Sale | 7,788 | 59.7037 EUR | ||||
| ORD | Sale | 8,359 | 59.8873 EUR | ||||
| ORD | Sale | 12,652 | 59.7026 EUR | ||||
| ORD | Sale | 14,551 | 59.6372 EUR | ||||
| ORD | Sale | 30,021 | 59.5995 EUR | ||||
| ORD | Sale | 34,643 | 59.7628 EUR | ||||
| ORD | Sale | 54,834 | 59.7860 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 | 39 | 59.5523 EUR | |||||
| ORD | CFD | Long | 572 | 59.3019 EUR | |||||
| ORD | SWAP | Long | 714 | 59.2623 EUR | |||||
| ORD | SWAP | Long | 1,971 | 59.7031 EUR | |||||
| ORD | SWAP | Long | 2,410 | 59.8503 EUR | |||||
| ORD | SWAP | Long | 2,505 | 59.7197 EUR | |||||
| ORD | SWAP | Long | 2,723 | 59.5755 EUR | |||||
| ORD | CFD | Long | 3,010 | 59.9005 EUR | |||||
| ORD | SWAP | Long | 3,849 | 59.3116 EUR | |||||
| ORD | SWAP | Long | 12,227 | 59.6936 EUR | |||||
| ORD | SWAP | Short | 353 | 59.8079 EUR | |||||
| ORD | SWAP | Short | 538 | 59.0292 EUR | |||||
| ORD | SWAP | Short | 736 | 59.8333 EUR | |||||
| ORD | CFD | Short | 1,063 | 59.8899 EUR | |||||
| ORD | SWAP | Short | 1,340 | 59.5280 EUR | |||||
| ORD | CFD | Short | 9,534 | 59.3636 EUR | |||||
| ORD | SWAP | Short | 17,517 | 59.2525 EUR |
(c) Options transactions in respect of existing securities
(i) Writing, selling, purchasing or varying
| Class | Product | Writing, | Number | Exercise | Type | Expiry | Option | ||||||||
| of | description | purchasing, | of | price | date | money | |||||||||
| relevant | selling, | securities | per unit | paid/ | |||||||||||
| security | varying etc | to which | received | ||||||||||||
| option | per unit | ||||||||||||||
| relates | |||||||||||||||
| ORD | Call Options | Selling | 100,000 | 68 EUR | American | 20 Dec 2013 | 0.9000 EUR |
(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: | 5 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 | Put Options | Written | -50,000 | 60.0000 | American | 20 Sep 2013 | |||||||
| ORD | Call Options | Purchased | 50,000 | 52.0000 | American | 20 Dec 2013 | |||||||
| ORD | Call Options | Purchased | 278,500 | 60.0000 | American | 20 Sep 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 | 20 Sep 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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