22nd Oct 2013 12:14
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: | 21 October 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: | 1,734,164 | 0.31% | 1,382,241 | 0.25% | |||||||
| (2) | Derivatives (other than | ||||||||||
| options): | 2,162,527 | 0.39% | 1,461,832 | 0.26% | |||||||
| (3) | Options and agreements to | ||||||||||
| purchase/sell: | 1,115,000 | 0.20% | 1,590,000 | 0.28% | |||||||
| (4) | TOTAL: | ||||||||||
| 5,011,691 | 0.89% | 4,434,073 | 0.79% | ||||||||
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 | 29 | 62.0900 EUR | ||||
| ORD | Purchase | 54 | 62.0850 EUR | ||||
| ORD | Purchase | 80 | 62.1510 EUR | ||||
| ORD | Purchase | 91 | 62.0103 EUR | ||||
| ORD | Purchase | 98 | 62.0700 EUR | ||||
| ORD | Purchase | 98 | 62.1450 EUR | ||||
| ORD | Purchase | 100 | 62.2300 EUR | ||||
| ORD | Purchase | 109 | 62.2010 EUR | ||||
| ORD | Purchase | 115 | 62.1610 EUR | ||||
| ORD | Purchase | 147 | 62.1650 EUR | ||||
| ORD | Purchase | 153 | 62.0877 EUR | ||||
| ORD | Purchase | 157 | 61.8300 EUR | ||||
| ORD (traded as ADR) | Purchase | 162 | 16.9500 USD | ||||
| ORD | Purchase | 196 | 61.8900 EUR | ||||
| ORD (traded as ADR) | Purchase | 198 | 16.8700 USD | ||||
| ORD | Purchase | 216 | 61.9200 EUR | ||||
| ORD | Purchase | 216 | 61.9300 EUR | ||||
| ORD | Purchase | 221 | 61.9650 EUR | ||||
| ORD | Purchase | 237 | 61.9700 EUR | ||||
| ORD | Purchase | 239 | 62.2000 EUR | ||||
| ORD | Purchase | 254 | 61.8800 EUR | ||||
| ORD (traded as ADR) | Purchase | 277 | 16.8800 USD | ||||
| ORD | Purchase | 310 | 62.1750 EUR | ||||
| ORD | Purchase | 312 | 62.2100 EUR | ||||
| ORD | Purchase | 314 | 62.0950 EUR | ||||
| ORD | Purchase | 316 | 62.1150 EUR | ||||
| ORD | Purchase | 324 | 61.9000 EUR | ||||
| ORD | Purchase | 330 | 62.2150 EUR | ||||
| ORD | Purchase | 341 | 62.1300 EUR | ||||
| ORD | Purchase | 368 | 62.1950 EUR | ||||
| ORD | Purchase | 442 | 62.1550 EUR | ||||
| ORD | Purchase | 444 | 62.1900 EUR | ||||
| ORD | Purchase | 470 | 62.1410 EUR | ||||
| ORD | Purchase | 566 | 62.1200 EUR | ||||
| ORD | Purchase | 605 | 62.1000 EUR | ||||
| ORD | Purchase | 627 | 62.1414 EUR | ||||
| ORD | Purchase | 734 | 62.0178 EUR | ||||
| ORD | Purchase | 735 | 62.0818 EUR | ||||
| ORD | Purchase | 747 | 62.1350 EUR | ||||
| ORD | Purchase | 750 | 62.1600 EUR | ||||
| ORD | Purchase | 851 | 16.8800 USD | ||||
| ORD | Purchase | 900 | 61.9948 EUR | ||||
| ORD | Purchase | 1,150 | 62.1500 EUR | ||||
| ORD | Purchase | 1,220 | 61.9827 EUR | ||||
| ORD | Purchase | 1,314 | 62.1700 EUR | ||||
| ORD | Purchase | 1,338 | 61.9255 EUR | ||||
| ORD | Purchase | 1,631 | 62.1400 EUR | ||||
| ORD | Purchase | 2,034 | 62.1800 EUR | ||||
| ORD | Purchase | 2,400 | 61.9884 EUR | ||||
| ORD | Purchase | 2,958 | 61.9644 EUR | ||||
| ORD | Purchase | 3,418 | 61.9309 EUR | ||||
| ORD | Purchase | 3,600 | 62.0022 EUR | ||||
| ORD | Purchase | 4,366 | 61.9718 EUR | ||||
| ORD | Purchase | 4,998 | 62.1433 EUR | ||||
| ORD | Purchase | 6,049 | 62.1100 EUR | ||||
| ORD | Purchase | 7,565 | 62.0556 EUR | ||||
| ORD | Purchase | 8,224 | 62.1591 EUR | ||||
| ORD | Purchase | 10,849 | 61.9943 EUR | ||||
| ORD | Purchase | 17,554 | 62.0588 EUR | ||||
| ORD | Purchase | 31,181 | 62.0816 EUR | ||||
| ORD | Purchase | 31,439 | 62.0065 EUR | ||||
| ORD | Purchase | 33,000 | 62.0000 EUR | ||||
| ORD | Sale | 29 | 62.0900 EUR | ||||
| ORD | Sale | 54 | 62.0850 EUR | ||||
| ORD | Sale | 80 | 62.1510 EUR | ||||
| ORD | Sale | 87 | 61.8520 EUR | ||||
| ORD | Sale | 98 | 62.0700 EUR | ||||
| ORD | Sale | 98 | 62.1450 EUR | ||||
| ORD | Sale | 100 | 62.2300 EUR | ||||
| ORD | Sale | 100 | 62.2300 EUR | ||||
| ORD | Sale | 109 | 62.2010 EUR | ||||
| ORD | Sale | 115 | 62.1610 EUR | ||||
| ORD | Sale | 147 | 62.1650 EUR | ||||
| ORD | Sale | 157 | 61.8300 EUR | ||||
| ORD | Sale | 157 | 62.0775 EUR | ||||
| ORD (traded as ADR) | Sale | 162 | 16.9500 USD | ||||
| ORD | Sale | 196 | 61.8900 EUR | ||||
| ORD | Sale | 199 | 61.9735 EUR | ||||
| ORD (traded as ADR) | Sale | 210 | 16.8800 USD | ||||
| ORD | Sale | 216 | 61.9200 EUR | ||||
| ORD | Sale | 216 | 61.9200 EUR | ||||
| ORD | Sale | 216 | 61.9300 EUR | ||||
| ORD | Sale | 237 | 61.9700 EUR | ||||
| ORD | Sale | 239 | 62.2000 EUR | ||||
| ORD | Sale | 254 | 61.8800 EUR | ||||
| ORD (traded as ADR) | Sale | 266 | 16.8725 USD | ||||
| ORD | Sale | 294 | 61.9746 EUR | ||||
| ORD | Sale | 310 | 62.1750 EUR | ||||
| ORD | Sale | 312 | 62.2100 EUR | ||||
| ORD | Sale | 314 | 62.0950 EUR | ||||
| ORD | Sale | 316 | 62.1150 EUR | ||||
| ORD | Sale | 324 | 61.9000 EUR | ||||
| ORD | Sale | 330 | 62.2150 EUR | ||||
| ORD | Sale | 341 | 62.1300 EUR | ||||
| ORD | Sale | 368 | 62.1950 EUR | ||||
| ORD | Sale | 400 | 61.9407 EUR | ||||
| ORD | Sale | 442 | 62.1550 EUR | ||||
| ORD | Sale | 444 | 62.1900 EUR | ||||
| ORD | Sale | 470 | 62.1410 EUR | ||||
| ORD | Sale | 566 | 62.1200 EUR | ||||
| ORD | Sale | 571 | 62.0471 EUR | ||||
| ORD | Sale | 605 | 62.1000 EUR | ||||
| ORD | Sale | 674 | 62.1600 EUR | ||||
| ORD | Sale | 747 | 62.1350 EUR | ||||
| ORD | Sale | 800 | 16.9500 USD | ||||
| ORD | Sale | 938 | 62.1830 EUR | ||||
| ORD | Sale | 1,075 | 62.1500 EUR | ||||
| ORD | Sale | 1,264 | 62.1700 EUR | ||||
| ORD | Sale | 1,484 | 61.9441 EUR | ||||
| ORD | Sale | 1,631 | 62.1400 EUR | ||||
| ORD | Sale | 1,854 | 61.9612 EUR | ||||
| ORD | Sale | 1,984 | 62.1800 EUR | ||||
| ORD | Sale | 2,939 | 62.0694 EUR | ||||
| ORD | Sale | 3,067 | 62.0769 EUR | ||||
| ORD | Sale | 3,701 | 62.0173 EUR | ||||
| ORD | Sale | 8,894 | 62.0108 EUR | ||||
| ORD | Sale | 9,668 | 62.0726 EUR | ||||
| ORD | Sale | 11,488 | 62.1100 EUR | ||||
| ORD | Sale | 12,835 | 62.0752 EUR | ||||
| ORD | Sale | 13,032 | 62.0690 EUR | ||||
| ORD | Sale | 20,448 | 62.0467 EUR | ||||
| ORD | Sale | 27,495 | 62.1492 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 | 400 | 61.9407 EUR | |||||
| ORD | SWAP | Long | 625 | 62.0850 EUR | |||||
| ORD | CFD | Long | 1,819 | 62.0639 EUR | |||||
| ORD | CFD | Long | 2,502 | 61.8740 EUR | |||||
| ORD | SWAP | Long | 2,813 | 62.0680 EUR | |||||
| ORD | SWAP | Long | 6,173 | 62.1094 EUR | |||||
| ORD | SWAP | Long | 6,200 | 62.0532 EUR | |||||
| ORD | SWAP | Long | 10,879 | 62.0673 EUR | |||||
| ORD | SWAP | Short | 91 | 62.0103 EUR | |||||
| ORD | SWAP | Short | 562 | 62.2277 EUR | |||||
| ORD | SWAP | Short | 1,171 | 61.9133 EUR | |||||
| ORD | SWAP | Short | 2,164 | 61.9663 EUR | |||||
| ORD | SWAP | Short | 3,418 | 61.9309 EUR | |||||
| ORD | SWAP | Short | 3,688 | 61.9613 EUR | |||||
| ORD | SWAP | Short | 10,188 | 61.9893 EUR | |||||
| ORD | CFD | Short | 31,439 | 62.0065 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 | Purchasing | 100,000 | 68 EUR | American | 20 Dec 2013 | 0.7300 EUR | ||||||||
| ORD | Call Options | Selling | 100,000 | 62 EUR | American | 20 Dec 2013 | 2.7000 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: | 22 Oct 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.
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 | 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 | -100,000 | 62.0000 | 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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