20th Dec 2013 11:51
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: | 19 December 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: | 1,913,125 | 0.34% | 1,433,742 | 0.26% | ||||||
| (2) | Derivatives (other than | |||||||||
| options): | 2,196,195 | 0.39% | 1,326,251 | 0.24% | ||||||
| (3) | Options and agreements to | |||||||||
| purchase/sell: | 1,502,000 | 0.27% | 1,889,000 | 0.34% | ||||||
| (4) | TOTAL: | |||||||||
| 5,609,760 | 1.00% | 4,648,993 | 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 | 4,300 | 16.7304 USD | ||||
| ORD (traded as ADR) | Purchase | 860 | 16.7304 USD | ||||
| ORD (traded as ADR) | Purchase | 717 | 16.7600 USD | ||||
| ORD (traded as ADR) | Purchase | 563 | 16.8002 USD | ||||
| ORD | Purchase | 26 | 60.4000 EUR | ||||
| ORD | Purchase | 41 | 60.5700 EUR | ||||
| ORD | Purchase | 93 | 60.5750 EUR | ||||
| ORD | Purchase | 300 | 60.6600 EUR | ||||
| ORD | Purchase | 50 | 60.6870 EUR | ||||
| ORD | Purchase | 1,164 | 60.7193 EUR | ||||
| ORD | Purchase | 5,530 | 60.7362 EUR | ||||
| ORD | Purchase | 5,000 | 60.7500 EUR | ||||
| ORD | Purchase | 115 | 60.7800 EUR | ||||
| ORD | Purchase | 25 | 60.7900 EUR | ||||
| ORD | Purchase | 291 | 60.8000 EUR | ||||
| ORD | Purchase | 2,897 | 60.8093 EUR | ||||
| ORD | Purchase | 504 | 60.8165 EUR | ||||
| ORD | Purchase | 46 | 60.8200 EUR | ||||
| ORD | Purchase | 28 | 60.8500 EUR | ||||
| ORD | Purchase | 476 | 60.8710 EUR | ||||
| ORD | Purchase | 136 | 60.9300 EUR | ||||
| ORD | Purchase | 218 | 60.9466 EUR | ||||
| ORD | Purchase | 500 | 60.9800 EUR | ||||
| ORD | Purchase | 400 | 60.9900 EUR | ||||
| ORD | Purchase | 583 | 61.0000 EUR | ||||
| ORD | Purchase | 600 | 61.0010 EUR | ||||
| ORD | Purchase | 56 | 61.0050 EUR | ||||
| ORD | Purchase | 16,460 | 61.0062 EUR | ||||
| ORD | Purchase | 833 | 61.0100 EUR | ||||
| ORD | Purchase | 11,465 | 61.0165 EUR | ||||
| ORD | Purchase | 456 | 61.0200 EUR | ||||
| ORD | Purchase | 1,462 | 61.0206 EUR | ||||
| ORD | Purchase | 33 | 61.0300 EUR | ||||
| ORD | Purchase | 14,574 | 61.0319 EUR | ||||
| ORD | Purchase | 500 | 61.0320 EUR | ||||
| ORD | Purchase | 641 | 61.0400 EUR | ||||
| ORD | Purchase | 33 | 61.0410 EUR | ||||
| ORD | Purchase | 56 | 61.0450 EUR | ||||
| ORD | Purchase | 33 | 61.0460 EUR | ||||
| ORD | Purchase | 997 | 61.0471 EUR | ||||
| ORD | Purchase | 43,669 | 61.0478 EUR | ||||
| ORD | Purchase | 760 | 61.0500 EUR | ||||
| ORD | Purchase | 2,500 | 61.0889 EUR | ||||
| ORD | Purchase | 22 | 61.0900 EUR | ||||
| ORD | Purchase | 26,191 | 61.1150 EUR | ||||
| ORD | Purchase | 200 | 61.1946 EUR | ||||
| ORD | Purchase | 28 | 61.2000 EUR | ||||
| ORD | Purchase | 12,403 | 61.2789 EUR | ||||
| ORD | Purchase | 1,842 | 61.3108 EUR | ||||
| ORD | Purchase | 273 | 61.3610 EUR | ||||
| ORD | Purchase | 40,687 | 61.3646 EUR | ||||
| ORD | Purchase | 48 | 61.3650 EUR | ||||
| ORD | Purchase | 133 | 61.3710 EUR | ||||
| ORD | Purchase | 43 | 61.4000 EUR | ||||
| ORD | Purchase | 133 | 61.4050 EUR | ||||
| ORD | Purchase | 151 | 61.4090 EUR | ||||
| ORD | Purchase | 1,136 | 61.4200 EUR | ||||
| ORD | Purchase | 338 | 61.4250 EUR | ||||
| ORD | Purchase | 459 | 61.4300 EUR | ||||
| ORD | Purchase | 548 | 61.4400 EUR | ||||
| ORD | Purchase | 643 | 61.4500 EUR | ||||
| ORD | Purchase | 10,000 | 61.4544 EUR | ||||
| ORD | Purchase | 706 | 61.4550 EUR | ||||
| ORD | Purchase | 1,892 | 61.4600 EUR | ||||
| ORD | Purchase | 582 | 61.4610 EUR | ||||
| ORD | Purchase | 854 | 61.4650 EUR | ||||
| ORD | Purchase | 54 | 61.4680 EUR | ||||
| ORD | Purchase | 980 | 61.4700 EUR | ||||
| ORD | Purchase | 11 | 61.4710 EUR | ||||
| ORD | Purchase | 72 | 61.4720 EUR | ||||
| ORD | Purchase | 602 | 61.4750 EUR | ||||
| ORD | Purchase | 992 | 61.4800 EUR | ||||
| ORD | Purchase | 529 | 61.4850 EUR | ||||
| ORD | Purchase | 912 | 61.4900 EUR | ||||
| ORD | Purchase | 38,823 | 61.5000 EUR | ||||
| ORD | Purchase | 144 | 61.5100 EUR | ||||
| ORD | Purchase | 49 | 61.5200 EUR | ||||
| ORD | Purchase | 660 | 61.5400 EUR | ||||
| ORD (traded as ADR) | Sale | 860 | 16.7304 USD | ||||
| ORD (traded as ADR) | Sale | 717 | 16.7600 USD | ||||
| ORD (traded as ADR) | Sale | 563 | 16.8002 USD | ||||
| ORD | Sale | 2,814 | 16.8002 USD | ||||
| ORD | Sale | 700 | 60.5597 EUR | ||||
| ORD | Sale | 41 | 60.5700 EUR | ||||
| ORD | Sale | 24 | 60.5750 EUR | ||||
| ORD | Sale | 1,623 | 60.5849 EUR | ||||
| ORD | Sale | 722 | 60.6061 EUR | ||||
| ORD | Sale | 647 | 60.6084 EUR | ||||
| ORD | Sale | 866 | 60.6484 EUR | ||||
| ORD | Sale | 300 | 60.6600 EUR | ||||
| ORD | Sale | 50 | 60.6870 EUR | ||||
| ORD | Sale | 115 | 60.7800 EUR | ||||
| ORD | Sale | 25 | 60.7900 EUR | ||||
| ORD | Sale | 291 | 60.8000 EUR | ||||
| ORD | Sale | 46 | 60.8200 EUR | ||||
| ORD | Sale | 1,151 | 60.8495 EUR | ||||
| ORD | Sale | 28 | 60.8500 EUR | ||||
| ORD | Sale | 318 | 60.9040 EUR | ||||
| ORD | Sale | 7,737 | 60.9210 EUR | ||||
| ORD | Sale | 136 | 60.9300 EUR | ||||
| ORD | Sale | 19,166 | 60.9690 EUR | ||||
| ORD | Sale | 500 | 60.9800 EUR | ||||
| ORD | Sale | 400 | 60.9900 EUR | ||||
| ORD | Sale | 583 | 61.0000 EUR | ||||
| ORD | Sale | 600 | 61.0010 EUR | ||||
| ORD | Sale | 56 | 61.0050 EUR | ||||
| ORD | Sale | 833 | 61.0100 EUR | ||||
| ORD | Sale | 456 | 61.0200 EUR | ||||
| ORD | Sale | 33 | 61.0300 EUR | ||||
| ORD | Sale | 500 | 61.0320 EUR | ||||
| ORD | Sale | 641 | 61.0400 EUR | ||||
| ORD | Sale | 33 | 61.0410 EUR | ||||
| ORD | Sale | 56 | 61.0450 EUR | ||||
| ORD | Sale | 33 | 61.0460 EUR | ||||
| ORD | Sale | 760 | 61.0500 EUR | ||||
| ORD | Sale | 1,690 | 61.0513 EUR | ||||
| ORD | Sale | 6,148 | 61.0668 EUR | ||||
| ORD | Sale | 9,853 | 61.0872 EUR | ||||
| ORD | Sale | 22 | 61.0900 EUR | ||||
| ORD | Sale | 452 | 61.1020 EUR | ||||
| ORD | Sale | 26,135 | 61.1060 EUR | ||||
| ORD | Sale | 8,870 | 61.1239 EUR | ||||
| ORD | Sale | 19,180 | 61.1607 EUR | ||||
| ORD | Sale | 78,900 | 61.1743 EUR | ||||
| ORD | Sale | 5,867 | 61.1913 EUR | ||||
| ORD | Sale | 200 | 61.1946 EUR | ||||
| ORD | Sale | 718 | 61.1987 EUR | ||||
| ORD | Sale | 28 | 61.2000 EUR | ||||
| ORD | Sale | 14,098 | 61.2256 EUR | ||||
| ORD | Sale | 273 | 61.3610 EUR | ||||
| ORD | Sale | 48 | 61.3650 EUR | ||||
| ORD | Sale | 133 | 61.3710 EUR | ||||
| ORD | Sale | 43 | 61.4000 EUR | ||||
| ORD | Sale | 133 | 61.4050 EUR | ||||
| ORD | Sale | 151 | 61.4090 EUR | ||||
| ORD | Sale | 1,136 | 61.4200 EUR | ||||
| ORD | Sale | 338 | 61.4250 EUR | ||||
| ORD | Sale | 459 | 61.4300 EUR | ||||
| ORD | Sale | 339 | 61.4352 EUR | ||||
| ORD | Sale | 548 | 61.4400 EUR | ||||
| ORD | Sale | 4,257 | 61.4440 EUR | ||||
| ORD | Sale | 643 | 61.4500 EUR | ||||
| ORD | Sale | 706 | 61.4550 EUR | ||||
| ORD | Sale | 1,892 | 61.4600 EUR | ||||
| ORD | Sale | 582 | 61.4610 EUR | ||||
| ORD | Sale | 854 | 61.4650 EUR | ||||
| ORD | Sale | 54 | 61.4680 EUR | ||||
| ORD | Sale | 908 | 61.4700 EUR | ||||
| ORD | Sale | 11 | 61.4710 EUR | ||||
| ORD | Sale | 72 | 61.4720 EUR | ||||
| ORD | Sale | 602 | 61.4750 EUR | ||||
| ORD | Sale | 992 | 61.4800 EUR | ||||
| ORD | Sale | 529 | 61.4850 EUR | ||||
| ORD | Sale | 912 | 61.4900 EUR | ||||
| ORD | Sale | 1,001 | 61.5000 EUR | ||||
| ORD | Sale | 144 | 61.5100 EUR | ||||
| ORD | Sale | 49 | 61.5200 EUR | ||||
| ORD | Sale | 660 | 61.5400 EUR |
(b) Derivatives transactions (other than options)
| Class of | Product | Nature of dealing | Number of | Price per | |||||
| relevant | description | reference | unit | ||||||
| security | securities | ||||||||
| ORD | SWAP | Long | 3,700 | 61.5000 EUR | |||||
| ORD | CFD | Long | 4,257 | 61.4440 EUR | |||||
| ORD | SWAP | Long | 5,554 | 61.0884 EUR | |||||
| ORD | SWAP | Long | 8,010 | 61.4126 EUR | |||||
| ORD | CFD | Long | 9,884 | 60.8189 EUR | |||||
| ORD | SWAP | Long | 11,004 | 61.1327 EUR | |||||
| ORD | SWAP | Long | 23,919 | 61.1584 EUR | |||||
| ORD | CFD | Short | 10 | 60.4050 EUR | |||||
| ORD | SWAP | Short | 218 | 60.9466 EUR | |||||
| ORD | SWAP | Short | 464 | 60.9601 EUR | |||||
| ORD | SWAP | Short | 504 | 60.8165 EUR | |||||
| ORD | CFD | Short | 1,264 | 60.9514 EUR | |||||
| ORD | SWAP | Short | 1,461 | 60.8346 EUR | |||||
| ORD | CFD | Short | 1,731 | 60.4051 EUR | |||||
| ORD | SWAP | Short | 1,938 | 61.3385 EUR | |||||
| ORD | CFD | Short | 1,992 | 61.0206 EUR | |||||
| ORD | SWAP | Short | 2,381 | 60.8391 EUR | |||||
| ORD | CFD | Short | 5,530 | 60.7362 EUR | |||||
| ORD | SWAP | Short | 7,800 | 61.5000 EUR | |||||
| ORD | CFD | Short | 32,475 | 61.5052 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: | 20 Dec 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 | 48.0000 | American | 19 Dec 2014 | |||||||
| 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 | 52.0000 | American | 19 Dec 2014 | |||||||
| ORD | Call Options | Purchased | 50,000 | 52.0000 | American | 20 Dec 2013 | |||||||
| ORD | Call Options | Purchased | 63,700 | 60.0000 | American | 21 Feb 2014 | |||||||
| ORD | Call Options | Purchased | 75,000 | 60.0000 | American | 19 Dec 2014 | |||||||
| ORD | Call Options | Purchased | 55,000 | 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 | Purchased | 100,000 | 80.0000 | American | 19 Dec 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 | -119,000 | 60.0000 | American | 21 Feb 2014 | |||||||
| ORD | Call Options | Written | -55,000 | 62.0000 | American | 20 Dec 2013 | |||||||
| ORD | Call Options | Written | -50,000 | 64.0000 | American | 20 Dec 2013 | |||||||
| ORD | Call Options | Written | -50,000 | 64.0000 | American | 19 Dec 2014 |
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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