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

9th Oct 2013 12:15

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:		8 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:		1,538,067		0.27%		1,473,892		0.26%
(2)		Derivatives (other than
		options):		2,200,199		0.39%		1,350,016		0.24%
(3)		Options and agreements to
		purchase/sell:		1,115,000		0.20%		1,690,000		0.30%
		TOTAL:
				4,853,266		0.87%		4,513,908		0.81%

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		23		60.7660 EUR
ORD		Purchase		55		60.8140 EUR
ORD		Purchase		56		60.7000 EUR
ORD		Purchase		56		60.7950 EUR
ORD		Purchase		56		60.8410 EUR
ORD		Purchase		82		60.7300 EUR
ORD		Purchase		128		60.7650 EUR
ORD		Purchase		140		60.8450 EUR
ORD		Purchase		158		60.8110 EUR
ORD		Purchase		184		60.8900 EUR
ORD		Purchase		269		60.8020 EUR
ORD		Purchase		290		60.8100 EUR
ORD		Purchase		294		60.6600 EUR
ORD		Purchase		373		60.8379 EUR
ORD		Purchase		398		60.7400 EUR
ORD		Purchase		403		60.8794 EUR
ORD		Purchase		405		60.7700 EUR
ORD		Purchase		418		60.6896 EUR
ORD		Purchase		429		60.7600 EUR
ORD		Purchase		463		60.8700 EUR
ORD		Purchase		519		60.8300 EUR
ORD		Purchase		530		60.9004 EUR
ORD		Purchase		600		60.7310 EUR
ORD		Purchase		600		60.7610 EUR
ORD		Purchase		622		60.9000 EUR
ORD		Purchase		770		60.7559 EUR
ORD		Purchase		850		60.8000 EUR
ORD		Purchase		882		60.8500 EUR
ORD		Purchase		900		60.8617 EUR
ORD		Purchase		910		60.8400 EUR
ORD		Purchase		1,029		60.8200 EUR
ORD		Purchase		1,106		60.8521 EUR
ORD		Purchase		1,502		60.7800 EUR
ORD		Purchase		1,712		60.7900 EUR
ORD		Purchase		1,881		60.8058 EUR
ORD		Purchase		2,037		60.8278 EUR
ORD		Purchase		2,306		60.8257 EUR
ORD		Purchase		2,500		60.8678 EUR
ORD		Purchase		3,506		60.8809 EUR
ORD		Purchase		4,268		60.8696 EUR
ORD		Purchase		4,677		60.8465 EUR
ORD		Purchase		4,978		60.8170 EUR
ORD		Purchase		6,261		16.4689 USD
ORD		Purchase		7,135		60.8725 EUR
ORD		Purchase		9,357		60.8051 EUR
ORD		Purchase		15,928		60.8481 EUR
ORD		Purchase		28,668		60.8562 EUR
ORD		Purchase		1,000		60.8300 EUR
ORD (traded as ADR)		Purchase		4		16.3800 USD
ORD (traded as ADR)		Purchase		300		16.4400 USD
ORD (traded as ADR)		Purchase		503		16.5260 USD
ORD (traded as ADR)		Purchase		1,252		16.4689 USD
ORD (traded as ADR)		Sale		6		16.3800 USD
ORD (traded as ADR)		Sale		224		16.4400 USD
ORD (traded as ADR)		Sale		503		16.5260 USD
ORD (traded as ADR)		Sale		1,252		16.4689 USD
ORD		Sale		800		60.8000 EUR
ORD		Sale		23		60.7660 EUR
ORD		Sale		55		60.8140 EUR
ORD		Sale		56		60.7000 EUR
ORD		Sale		56		60.7950 EUR
ORD		Sale		56		60.8410 EUR
ORD		Sale		65		60.7584 EUR
ORD		Sale		82		60.7300 EUR
ORD		Sale		90		60.8543 EUR
ORD		Sale		110		60.9600 EUR
ORD		Sale		128		60.7650 EUR
ORD		Sale		140		60.8450 EUR
ORD		Sale		158		60.8110 EUR
ORD		Sale		184		60.8900 EUR
ORD		Sale		191		60.9616 EUR
ORD		Sale		200		61.1000 EUR
ORD		Sale		218		61.0600 EUR
ORD		Sale		269		60.8020 EUR
ORD		Sale		290		60.8100 EUR
ORD		Sale		294		60.6600 EUR
ORD		Sale		405		60.7700 EUR
ORD		Sale		429		60.7600 EUR
ORD		Sale		463		60.8700 EUR
ORD		Sale		500		60.8620 EUR
ORD		Sale		511		60.7848 EUR
ORD		Sale		519		60.8300 EUR
ORD		Sale		565		60.6944 EUR
ORD		Sale		581		60.7400 EUR
ORD		Sale		595		60.7822 EUR
ORD		Sale		600		60.7310 EUR
ORD		Sale		600		60.7610 EUR
ORD		Sale		622		60.9000 EUR
ORD		Sale		782		60.7851 EUR
ORD		Sale		850		60.8000 EUR
ORD		Sale		910		60.8400 EUR
ORD		Sale		1,135		60.7581 EUR
ORD		Sale		1,502		60.7800 EUR
ORD		Sale		1,676		60.8525 EUR
ORD		Sale		1,712		60.7900 EUR
ORD		Sale		2,382		60.9822 EUR
ORD		Sale		2,517		16.5260 USD
ORD		Sale		2,535		60.8383 EUR
ORD		Sale		3,085		60.8500 EUR
ORD		Sale		3,530		60.8848 EUR
ORD		Sale		7,049		60.9865 EUR
ORD		Sale		13,659		60.9102 EUR
ORD		Sale		14,001		60.9139 EUR
ORD		Sale		15,141		60.9324 EUR
ORD		Sale		25,665		60.8934 EUR
ORD		Sale		35,584		60.8200 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		500		60.8260 EUR
ORD		SWAP		Long		782		60.7851 EUR
ORD		CFD		Long		1,239		60.8579 EUR
ORD		SWAP		Long		2,284		60.8966 EUR
ORD		SWAP		Long		2,972		60.8410 EUR
ORD		SWAP		Short		3		60.7800 EUR
ORD		SWAP		Short		300		60.8391 EUR
ORD		SWAP		Short		382		60.8023 EUR
ORD		SWAP		Short		605		60.7417 EUR
ORD		CFD		Short		858		60.9651 EUR
ORD		CFD		Short		1,106		60.8521 EUR
ORD		SWAP		Short		2,173		60.7605 EUR
ORD		CFD		Short		1,479		61.0392 EUR
ORD		SWAP		Short		3,247		60.8509 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:		9 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.

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

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

60.0000

American

18 Oct 2013

ORD

Call Options

Written

-100,000

68.0000

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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