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

20th Nov 2013 11:21

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 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:		1,766,872		0.32%		1,549,248		0.28%
(2)		Derivatives (other than
		options):		2,309,912		0.41%		1,429,541		0.26%
(3)		Options and agreements to
		purchase/sell:		1,283,300		0.23%		1,715,000		0.31%
(4)		TOTAL:
				5,357,784		0.96%		4,693,789		0.84%

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		5		60.8690 EUR
ORD		Purchase		9		61.1552 EUR
ORD (traded as ADR)		Purchase		11		16.3100 USD
ORD		Purchase		20		60.9860 EUR
ORD		Purchase		21		60.9750 EUR
ORD (traded as ADR)		Purchase		21		16.3600 USD
ORD		Purchase		33		61.3400 EUR
ORD		Purchase		33		61.5000 EUR
ORD (traded as ADR)		Purchase		34		16.4400 USD
ORD		Purchase		35		60.9840 EUR
ORD (traded as ADR)		Purchase		37		16.3622 USD
ORD		Purchase		38		60.9650 EUR
ORD		Purchase		39		61.6500 EUR
ORD		Purchase		44		61.3360 EUR
ORD		Purchase		53		60.7710 EUR
ORD		Purchase		53		60.8600 EUR
ORD		Purchase		70		60.9950 EUR
ORD		Purchase		76		61.0100 EUR
ORD		Purchase		77		61.0300 EUR
ORD		Purchase		79		60.9850 EUR
ORD		Purchase		95		61.0400 EUR
ORD		Purchase		105		60.9690 EUR
ORD (traded as ADR)		Purchase		105		16.2900 USD
ORD		Purchase		111		61.0500 EUR
ORD (traded as ADR)		Purchase		130		16.3700 USD
ORD		Purchase		133		60.9350 EUR
ORD		Purchase		133		61.0200 EUR
ORD		Purchase		137		61.2500 EUR
ORD		Purchase		152		60.7550 EUR
ORD		Purchase		178		60.8150 EUR
ORD		Purchase		178		60.9390 EUR
ORD		Purchase		179		60.9550 EUR
ORD		Purchase		182		60.7190 EUR
ORD		Purchase		196		60.9200 EUR
ORD		Purchase		200		60.9800 EUR
ORD		Purchase		203		60.7510 EUR
ORD		Purchase		259		60.7100 EUR
ORD		Purchase		283		60.7630 EUR
ORD		Purchase		320		60.7439 EUR
ORD		Purchase		380		60.7200 EUR
ORD		Purchase		400		60.8200 EUR
ORD		Purchase		400		60.9100 EUR
ORD		Purchase		400		60.9700 EUR
ORD		Purchase		439		60.7750 EUR
ORD		Purchase		489		60.8190 EUR
ORD		Purchase		515		60.9900 EUR
ORD		Purchase		550		61.1600 EUR
ORD		Purchase		561		60.5500 EUR
ORD		Purchase		575		60.7610 EUR
ORD		Purchase		578		60.9490 EUR
ORD		Purchase		591		60.7850 EUR
ORD		Purchase		664		60.7500 EUR
ORD		Purchase		932		60.7650 EUR
ORD		Purchase		1,000		60.7380 EUR
ORD		Purchase		1,002		61.3958 EUR
ORD		Purchase		1,197		60.9600 EUR
ORD		Purchase		1,255		60.7600 EUR
ORD		Purchase		1,304		60.8100 EUR
ORD		Purchase		1,578		60.9300 EUR
ORD		Purchase		1,617		60.7800 EUR
ORD		Purchase		1,649		60.9500 EUR
ORD		Purchase		1,699		60.9400 EUR
ORD		Purchase		2,207		60.8676 EUR
ORD		Purchase		2,345		60.8881 EUR
ORD		Purchase		3,276		60.8000 EUR
ORD		Purchase		3,466		60.7700 EUR
ORD		Purchase		3,765		60.8766 EUR
ORD		Purchase		4,248		60.7703 EUR
ORD		Purchase		4,468		60.7900 EUR
ORD		Purchase		6,020		60.9193 EUR
ORD		Purchase		9,044		60.6426 EUR
ORD		Purchase		32,791		60.9827 EUR
ORD		Purchase		36,080		60.5500 EUR
ORD		Purchase		53,997		60.8097 EUR
ORD		Purchase		150,000		60.7796 EUR
ORD (traded as ADR)		Sale		4		16.3800 USD
ORD		Sale		5		60.8690 EUR
ORD (traded as ADR)		Sale		11		16.3100 USD
ORD		Sale		20		60.9860 EUR
ORD		Sale		21		60.9750 EUR
ORD (traded as ADR)		Sale		33		16.3600 USD
ORD		Sale		33		61.3400 EUR
ORD		Sale		33		61.5000 EUR
ORD (traded as ADR)		Sale		34		16.4400 USD
ORD		Sale		35		60.9840 EUR
ORD		Sale		38		60.9650 EUR
ORD		Sale		39		61.6500 EUR
ORD		Sale		44		61.3360 EUR
ORD		Sale		53		60.7710 EUR
ORD		Sale		53		60.8600 EUR
ORD		Sale		70		60.9950 EUR
ORD		Sale		76		61.0100 EUR
ORD		Sale		77		61.0300 EUR
ORD		Sale		79		60.9850 EUR
ORD (traded as ADR)		Sale		88		16.8060 USD
ORD		Sale		95		61.0400 EUR
ORD		Sale		96		61.2500 EUR
ORD (traded as ADR)		Sale		105		16.2900 USD
ORD		Sale		105		60.9690 EUR
ORD		Sale		111		61.0500 EUR
ORD (traded as ADR)		Sale		130		16.3700 USD
ORD		Sale		133		60.9350 EUR
ORD		Sale		133		61.0200 EUR
ORD		Sale		152		60.7550 EUR
ORD		Sale		160		61.4100 EUR
ORD		Sale		178		60.8150 EUR
ORD		Sale		178		60.9390 EUR
ORD		Sale		179		60.9550 EUR
ORD		Sale		182		60.7190 EUR
ORD		Sale		196		60.9200 EUR
ORD		Sale		200		60.9800 EUR
ORD		Sale		203		60.7510 EUR
ORD		Sale		259		60.7100 EUR
ORD		Sale		310		60.7900 EUR
ORD		Sale		320		60.7439 EUR
ORD		Sale		380		60.7200 EUR
ORD		Sale		400		60.8200 EUR
ORD		Sale		400		60.9100 EUR
ORD		Sale		400		60.9700 EUR
ORD		Sale		439		60.7750 EUR
ORD		Sale		460		60.7613 EUR
ORD		Sale		489		60.8190 EUR
ORD		Sale		494		60.9900 EUR
ORD		Sale		512		61.7638 EUR
ORD		Sale		575		60.7610 EUR
ORD		Sale		578		60.9490 EUR
ORD		Sale		591		60.7850 EUR
ORD		Sale		653		16.3700 USD
ORD		Sale		664		60.7500 EUR
ORD		Sale		763		60.8503 EUR
ORD		Sale		823		61.0449 EUR
ORD		Sale		932		60.7650 EUR
ORD		Sale		1,100		61.1600 EUR
ORD		Sale		1,197		60.9600 EUR
ORD		Sale		1,255		60.7600 EUR
ORD		Sale		1,304		60.8100 EUR
ORD		Sale		1,578		60.9300 EUR
ORD		Sale		1,617		60.7800 EUR
ORD		Sale		1,625		60.9400 EUR
ORD		Sale		1,679		60.9500 EUR
ORD		Sale		1,817		61.3580 EUR
ORD		Sale		1,905		60.9681 EUR
ORD		Sale		3,276		60.8000 EUR
ORD		Sale		3,466		60.7700 EUR
ORD		Sale		4,234		60.8566 EUR
ORD		Sale		4,468		60.7900 EUR
ORD		Sale		4,596		61.0870 EUR
ORD		Sale		6,922		60.8717 EUR
ORD		Sale		11,351		60.9041 EUR
ORD		Sale		13,178		60.8560 EUR
ORD		Sale		13,400		61.0656 EUR
ORD		Sale		14,389		60.9272 EUR
ORD		Sale		18,777		60.8428 EUR
ORD		Sale		19,529		60.8629 EUR
ORD		Sale		20,000		60.8073 EUR
ORD		Sale		25,522		60.5500 EUR
ORD		Sale		25,896		60.8436 EUR
ORD		Sale		118,656		60.6904 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		520		60.6409 EUR
ORD		CFD		Long		1,977		61.3597 EUR
ORD		CFD		Long		4,596		61.0870 EUR
ORD		SWAP		Long		5,400		60.5500 EUR
ORD		SWAP		Short		5,400		60.5500 EUR
ORD		SWAP		Short		7,367		60.9159 EUR
ORD		CFD		Short		35,161		60.5551 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 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.

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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