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

26th Nov 2013 10:47

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:		25 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:		1,724,678		0.31%		1,497,199		0.27%
(2)		Derivatives (other than
		options):		2,257,469		0.41%		1,396,676		0.25%
(3)		Options and agreements to
		purchase/sell:		1,283,300		0.23%		1,715,000		0.31%
		TOTAL:
				5,265,447		0.95%		4,608,875		0.82%

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 (traded as ADR)		Purchase		1		16.5600 USD
ORD (traded as ADR)		Purchase		7		16.5700 USD
ORD		Purchase		25		61.2000 EUR
ORD		Purchase		30		61.1480 EUR
ORD		Purchase		41		61.1500 EUR
ORD		Purchase		54		61.1650 EUR
ORD		Purchase		54		61.1850 EUR
ORD		Purchase		60		61.1440 EUR
ORD		Purchase		62		61.5500 EUR
ORD		Purchase		64		61.6600 EUR
ORD		Purchase		107		61.1700 EUR
ORD		Purchase		107		61.2400 EUR
ORD		Purchase		107		61.5110 EUR
ORD		Purchase		111		61.2100 EUR
ORD		Purchase		112		60.9521 EUR
ORD		Purchase		150		61.4646 EUR
ORD		Purchase		161		61.1186 EUR
ORD		Purchase		165		61.1800 EUR
ORD		Purchase		202		61.5800 EUR
ORD (traded as ADR)		Purchase		215		16.5433 USD
ORD		Purchase		228		61.5400 EUR
ORD		Purchase		251		61.5000 EUR
ORD		Purchase		266		61.5992 EUR
ORD		Purchase		293		61.3400 EUR
ORD		Purchase		300		60.9933 EUR
ORD		Purchase		303		61.5100 EUR
ORD		Purchase		310		61.1600 EUR
ORD		Purchase		330		61.1900 EUR
ORD		Purchase		345		61.5600 EUR
ORD		Purchase		350		61.6500 EUR
ORD		Purchase		386		61.5200 EUR
ORD		Purchase		473		60.9565 EUR
ORD		Purchase		512		61.5458 EUR
ORD		Purchase		520		61.6700 EUR
ORD		Purchase		540		61.4877 EUR
ORD		Purchase		543		61.5396 EUR
ORD (traded as ADR)		Purchase		567		16.6148 USD
ORD		Purchase		579		61.2300 EUR
ORD		Purchase		791		61.5327 EUR
ORD		Purchase		1,000		61.5623 EUR
ORD		Purchase		1,352		61.4120 EUR
ORD		Purchase		1,761		61.3360 EUR
ORD		Purchase		2,264		61.1863 EUR
ORD		Purchase		2,525		61.6612 EUR
ORD		Purchase		2,803		61.5153 EUR
ORD		Purchase		3,577		61.4868 EUR
ORD		Purchase		8,003		61.5560 EUR
ORD		Purchase		8,486		61.5700 EUR
ORD		Purchase		9,686		61.3947 EUR
ORD		Purchase		33,733		61.4782 EUR
ORD (traded as ADR)		Sale		8		16.5681 USD
ORD		Sale		25		61.2000 EUR
ORD (traded as ADR)		Sale		28		16.6300 USD
ORD		Sale		30		61.1480 EUR
ORD (traded as ADR)		Sale		34		16.6200 USD
ORD		Sale		54		61.1650 EUR
ORD		Sale		54		61.1850 EUR
ORD		Sale		60		61.1440 EUR
ORD		Sale		62		61.5500 EUR
ORD		Sale		107		61.1700 EUR
ORD		Sale		107		61.2400 EUR
ORD		Sale		107		61.5110 EUR
ORD		Sale		108		61.5700 EUR
ORD		Sale		111		61.2100 EUR
ORD		Sale		128		61.6600 EUR
ORD (traded as ADR)		Sale		150		16.5100 USD
ORD		Sale		150		61.4646 EUR
ORD		Sale		165		61.1800 EUR
ORD		Sale		171		61.5700 EUR
ORD		Sale		202		61.5800 EUR
ORD		Sale		228		61.5400 EUR
ORD		Sale		251		61.2260 EUR
ORD		Sale		251		61.5000 EUR
ORD		Sale		293		61.3400 EUR
ORD		Sale		303		61.5100 EUR
ORD		Sale		310		61.1600 EUR
ORD		Sale		330		61.1900 EUR
ORD		Sale		350		61.6500 EUR
ORD		Sale		446		61.5200 EUR
ORD		Sale		474		61.5451 EUR
ORD		Sale		520		61.6700 EUR
ORD		Sale		532		61.2300 EUR
ORD (traded as ADR)		Sale		567		16.6148 USD
ORD		Sale		644		61.3511 EUR
ORD		Sale		684		61.2773 EUR
ORD		Sale		864		61.5626 EUR
ORD		Sale		983		61.6495 EUR
ORD		Sale		1,047		61.5562 EUR
ORD		Sale		1,175		61.4941 EUR
ORD		Sale		1,352		61.4119 EUR
ORD		Sale		1,802		61.6728 EUR
ORD		Sale		2,072		61.6010 EUR
ORD		Sale		2,305		61.4622 EUR
ORD		Sale		2,839		16.6148 USD
ORD		Sale		3,131		61.5078 EUR
ORD		Sale		3,681		61.4427 EUR
ORD		Sale		13,152		61.3981 EUR
ORD		Sale		28,252		61.4722 EUR
ORD		Sale		30,072		61.5473 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		26		61.3546 EUR
ORD		SWAP		Long		983		61.6495 EUR
ORD		SWAP		Long		1,869		61.6489 EUR
ORD		CFD		Long		1,318		61.4925 EUR
ORD		CFD		Long		3,091		61.3547 EUR
ORD		CFD		Long		24,914		61.5647 EUR
ORD		CFD		Short		61		61.4196 EUR
ORD		SWAP		Short		100		60.9400 EUR
ORD		SWAP		Short		112		60.9521 EUR
ORD		SWAP		Short		266		61.5992 EUR
ORD		SWAP		Short		773		60.9708 EUR
ORD		CFD		Short		8,003		61.5560 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 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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