Form 8.5 (EPT/NON-RI) - Schneider Electric Plc

19th Nov 2013 11:16

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:		18 November 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:		1,765,633		0.32%		1,547,971		0.28%
(2)		Derivatives (other than
		options):		2,312,237		0.42%		1,396,513		0.25%
(3)		Options and agreements to
		purchase/sell:		1,283,300		0.23%		1,715,000		0.31%
(4)		TOTAL:
				5,361,170		0.96%		4,659,484		0.83%

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		2		61.3650 EUR
ORD		Purchase		21		61.2140 EUR
ORD		Purchase		27		62.3900 EUR
ORD		Purchase		31		61.2950 EUR
ORD		Purchase		35		61.2180 EUR
ORD		Purchase		67		62.0100 EUR
ORD		Purchase		67		62.0750 EUR
ORD		Purchase		69		61.2100 EUR
ORD		Purchase		80		61.8054 EUR
ORD		Purchase		81		62.3600 EUR
ORD (traded as ADR)		Purchase		81		16.8700 USD
ORD		Purchase		98		61.3500 EUR
ORD		Purchase		98		62.0990 EUR
ORD		Purchase		102		61.2900 EUR
ORD		Purchase		114		61.2800 EUR
ORD		Purchase		114		61.3400 EUR
ORD		Purchase		114		62.0200 EUR
ORD		Purchase		115		61.2400 EUR
ORD		Purchase		131		61.5600 EUR
ORD		Purchase		135		62.0600 EUR
ORD		Purchase		160		61.6000 EUR
ORD		Purchase		160		61.6500 EUR
ORD		Purchase		161		61.2000 EUR
ORD		Purchase		165		61.2300 EUR
ORD		Purchase		194		61.4200 EUR
ORD		Purchase		200		62.4343 EUR
ORD		Purchase		224		61.8200 EUR
ORD		Purchase		235		62.0300 EUR
ORD		Purchase		247		62.1700 EUR
ORD		Purchase		252		61.4000 EUR
ORD		Purchase		343		62.1000 EUR
ORD (traded as ADR)		Purchase		399		16.7100 USD
ORD		Purchase		478		62.1200 EUR
ORD		Purchase		492		62.2601 EUR
ORD		Purchase		542		62.0900 EUR
ORD		Purchase		550		62.1800 EUR
ORD		Purchase		554		62.1600 EUR
ORD		Purchase		628		62.1500 EUR
ORD		Purchase		629		62.1400 EUR
ORD		Purchase		647		62.0400 EUR
ORD		Purchase		680		61.8880 EUR
ORD		Purchase		691		62.1100 EUR
ORD		Purchase		769		61.7208 EUR
ORD		Purchase		901		62.0800 EUR
ORD		Purchase		1,105		62.0500 EUR
ORD		Purchase		1,159		62.0673 EUR
ORD		Purchase		1,214		62.1375 EUR
ORD		Purchase		1,407		61.6341 EUR
ORD		Purchase		1,944		62.0700 EUR
ORD		Purchase		2,050		62.1300 EUR
ORD		Purchase		2,636		61.2843 EUR
ORD		Purchase		3,479		62.0271 EUR
ORD		Purchase		3,794		62.0723 EUR
ORD		Purchase		4,260		61.2500 EUR
ORD		Purchase		4,400		62.1300 EUR
ORD		Purchase		7,891		61.4082 EUR
ORD		Purchase		9,828		61.9595 EUR
ORD		Purchase		18,349		62.1072 EUR
ORD		Purchase		34,966		61.9808 EUR
ORD		Sale		21		61.2140 EUR
ORD		Sale		27		62.3900 EUR
ORD		Sale		31		61.2000 EUR
ORD		Sale		31		61.2950 EUR
ORD		Sale		35		61.2180 EUR
ORD		Sale		67		62.0100 EUR
ORD		Sale		67		62.0750 EUR
ORD		Sale		69		61.2100 EUR
ORD		Sale		80		61.8054 EUR
ORD (traded as ADR)		Sale		81		16.8700 USD
ORD		Sale		98		61.3500 EUR
ORD		Sale		98		62.0990 EUR
ORD		Sale		102		61.2900 EUR
ORD		Sale		105		61.2500 EUR
ORD		Sale		112		61.8200 EUR
ORD		Sale		114		61.2800 EUR
ORD		Sale		114		61.3400 EUR
ORD		Sale		114		62.0200 EUR
ORD		Sale		115		61.2400 EUR
ORD		Sale		122		62.0727 EUR
ORD		Sale		133		62.1491 EUR
ORD		Sale		135		62.0600 EUR
ORD		Sale		160		61.6000 EUR
ORD		Sale		160		61.6500 EUR
ORD		Sale		165		61.2300 EUR
ORD (traded as ADR)		Sale		181		16.7100 USD
ORD		Sale		194		61.4200 EUR
ORD		Sale		200		62.4343 EUR
ORD		Sale		235		62.0300 EUR
ORD		Sale		252		61.4000 EUR
ORD		Sale		262		61.5600 EUR
ORD		Sale		279		61.2325 EUR
ORD		Sale		286		62.2200 EUR
ORD		Sale		308		62.1700 EUR
ORD		Sale		343		62.1000 EUR
ORD		Sale		355		62.2100 EUR
ORD		Sale		409		16.8700 USD
ORD		Sale		478		62.1200 EUR
ORD		Sale		478		62.1241 EUR
ORD		Sale		542		62.0900 EUR
ORD		Sale		547		62.2500 EUR
ORD		Sale		550		62.1800 EUR
ORD		Sale		554		62.1600 EUR
ORD		Sale		628		62.1500 EUR
ORD		Sale		647		62.0400 EUR
ORD		Sale		681		62.1300 EUR
ORD		Sale		691		62.1100 EUR
ORD		Sale		710		62.1400 EUR
ORD		Sale		749		62.1011 EUR
ORD		Sale		753		62.2400 EUR
ORD		Sale		794		62.2300 EUR
ORD		Sale		922		62.0800 EUR
ORD		Sale		1,105		62.0500 EUR
ORD		Sale		1,214		62.1374 EUR
ORD		Sale		1,265		61.3507 EUR
ORD		Sale		1,472		61.8803 EUR
ORD		Sale		1,944		62.0700 EUR
ORD		Sale		2,061		61.7003 EUR
ORD		Sale		2,985		61.8533 EUR
ORD		Sale		4,805		61.3704 EUR
ORD		Sale		6,772		61.2146 EUR
ORD		Sale		7,917		62.1174 EUR
ORD		Sale		10,453		62.0488 EUR
ORD		Sale		15,785		61.9326 EUR
ORD		Sale		42,072		61.8266 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		35		61.2420 EUR
ORD		SWAP		Long		92		62.1700 EUR
ORD		SWAP		Long		584		62.1642 EUR
ORD		SWAP		Long		749		62.1011 EUR
ORD		CFD		Long		6,631		62.1247 EUR
ORD		CFD		Short		81		62.3681 EUR
ORD		SWAP		Short		1,200		61.7388 EUR
ORD		CFD		Short		7,891		61.4082 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:		19 Nov 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

75,000

60.0000

American

19 Dec 2014

ORD

Call Options

Purchased

100,000

64.0000

American

20 Dec 2013

ORD

Call Options

Purchased

50,000

64.0000

American

19 Dec 2014

ORD

Call Options

Purchased

43,300

68.0000

American

17 Jan 2014

ORD

Call Options

Purchased

100,000

68.0000

American

20 Jun 2014

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

-75,000

60.0000

American

20 Dec 2013

ORD

Call Options

Written

-100,000

62.0000

American

20 Dec 2013

ORD

Call Options

Written

-50,000

64.0000

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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