4th Nov 2013 11:23
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 relevant securities this form relates: Use a separate form for each offeror/offeree | SCHNEIDER ELECTRIC SA | |
| (c) Name of the party to the offer with which exempt principal trader is connected: | Advisor to Offeree | |
| (d) Date position held/dealing undertaken: | 1 Nov 2013 | |
| (e) Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer? | YES: INVENSYS PLC |
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: | 1,581,016 | 0.28% | 1,459,363 | 0.26% | |||||||
| (2) | Derivatives (other than | ||||||||||
| options): | 2,232,118 | 0.40% | 1,271,681 | 0.23% | |||||||
| (3) | Options and agreements to | ||||||||||
| purchase/sell: | 1,115,000 | 0.20% | 1,590,000 | 0.28% | |||||||
| (4) | TOTAL: | ||||||||||
| 4,928,134 | 0.88% | 4,321,044 | 0.77% |
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
| (a) | Purchases and sales | ||||||
| Class of relevant | Purchase/sale | Number of | Price per unit | ||||
| security | securities | ||||||
| ORD (traded as ADR) | Purchase | 3 | 16.7200 USD | ||||
| ORD | Purchase | 27 | 62.0460 EUR | ||||
| ORD | Purchase | 27 | 62.1400 EUR | ||||
| ORD | Purchase | 27 | 62.1560 EUR | ||||
| ORD | Purchase | 36 | 62.1440 EUR | ||||
| ORD (traded as ADR) | Purchase | 40 | 16.7800 USD | ||||
| ORD | Purchase | 42 | 61.9900 EUR | ||||
| ORD | Purchase | 47 | 62.3190 EUR | ||||
| ORD | Purchase | 47 | 62.3900 EUR | ||||
| ORD | Purchase | 61 | 62.0750 EUR | ||||
| ORD | Purchase | 62 | 62.0622 EUR | ||||
| ORD | Purchase | 62 | 62.1550 EUR | ||||
| ORD | Purchase | 65 | 62.0390 EUR | ||||
| ORD | Purchase | 65 | 62.0790 EUR | ||||
| ORD | Purchase | 70 | 62.0150 EUR | ||||
| ORD | Purchase | 79 | 62.3800 EUR | ||||
| ORD | Purchase | 79 | 62.4400 EUR | ||||
| ORD | Purchase | 80 | 62.0462 EUR | ||||
| ORD | Purchase | 88 | 62.1800 EUR | ||||
| ORD | Purchase | 98 | 61.9300 EUR | ||||
| ORD | Purchase | 98 | 61.9500 EUR | ||||
| ORD | Purchase | 98 | 62.1040 EUR | ||||
| ORD | Purchase | 98 | 62.2200 EUR | ||||
| ORD | Purchase | 98 | 62.2400 EUR | ||||
| ORD | Purchase | 98 | 62.2800 EUR | ||||
| ORD (traded as ADR) | Purchase | 113 | 16.7600 USD | ||||
| ORD | Purchase | 126 | 62.1600 EUR | ||||
| ORD | Purchase | 133 | 62.0100 EUR | ||||
| ORD | Purchase | 145 | 62.1090 EUR | ||||
| ORD | Purchase | 157 | 62.0250 EUR | ||||
| ORD | Purchase | 157 | 62.0450 EUR | ||||
| ORD | Purchase | 158 | 62.0500 EUR | ||||
| ORD | Purchase | 158 | 62.1150 EUR | ||||
| ORD | Purchase | 162 | 62.1190 EUR | ||||
| ORD | Purchase | 187 | 62.3350 EUR | ||||
| ORD | Purchase | 187 | 62.3490 EUR | ||||
| ORD | Purchase | 187 | 62.3500 EUR | ||||
| ORD | Purchase | 187 | 62.3690 EUR | ||||
| ORD | Purchase | 187 | 62.3950 EUR | ||||
| ORD | Purchase | 187 | 62.4100 EUR | ||||
| ORD | Purchase | 200 | 16.7800 USD | ||||
| ORD | Purchase | 205 | 62.1050 EUR | ||||
| ORD | Purchase | 251 | 62.3050 EUR | ||||
| ORD | Purchase | 271 | 62.0700 EUR | ||||
| ORD | Purchase | 311 | 62.1100 EUR | ||||
| ORD | Purchase | 324 | 61.9400 EUR | ||||
| ORD (traded as ADR) | Purchase | 356 | 16.7541 USD | ||||
| ORD | Purchase | 357 | 62.3600 EUR | ||||
| ORD | Purchase | 360 | 62.0950 EUR | ||||
| ORD | Purchase | 400 | 62.3390 EUR | ||||
| ORD | Purchase | 409 | 62.2650 EUR | ||||
| ORD | Purchase | 418 | 62.2300 EUR | ||||
| ORD | Purchase | 440 | 62.3150 EUR | ||||
| ORD | Purchase | 447 | 62.2100 EUR | ||||
| ORD | Purchase | 478 | 62.1158 EUR | ||||
| ORD | Purchase | 494 | 62.0290 EUR | ||||
| ORD | Purchase | 506 | 62.2540 EUR | ||||
| ORD | Purchase | 519 | 62.0600 EUR | ||||
| ORD | Purchase | 560 | 62.0000 EUR | ||||
| ORD | Purchase | 577 | 62.0800 EUR | ||||
| ORD | Purchase | 617 | 62.0400 EUR | ||||
| ORD | Purchase | 654 | 62.2550 EUR | ||||
| ORD | Purchase | 713 | 62.3300 EUR | ||||
| ORD | Purchase | 720 | 62.3090 EUR | ||||
| ORD | Purchase | 738 | 62.2590 EUR | ||||
| ORD | Purchase | 775 | 62.1500 EUR | ||||
| ORD | Purchase | 776 | 62.0647 EUR | ||||
| ORD | Purchase | 856 | 62.2600 EUR | ||||
| ORD | Purchase | 904 | 62.3200 EUR | ||||
| ORD | Purchase | 968 | 62.1964 EUR | ||||
| ORD | Purchase | 987 | 62.3040 EUR | ||||
| ORD | Purchase | 1,485 | 62.1258 EUR | ||||
| ORD | Purchase | 1,588 | 62.1648 EUR | ||||
| ORD | Purchase | 1,598 | 62.1200 EUR | ||||
| ORD | Purchase | 1,778 | 62.1687 EUR | ||||
| ORD | Purchase | 1,781 | 62.1847 EUR | ||||
| ORD | Purchase | 1,924 | 62.1000 EUR | ||||
| ORD | Purchase | 2,133 | 62.3000 EUR | ||||
| ORD | Purchase | 2,187 | 62.1912 EUR | ||||
| ORD | Purchase | 2,423 | 62.2072 EUR | ||||
| ORD | Purchase | 2,448 | 62.3100 EUR | ||||
| ORD | Purchase | 2,947 | 62.0300 EUR | ||||
| ORD | Purchase | 3,641 | 62.2500 EUR | ||||
| ORD | Purchase | 3,712 | 62.0900 EUR | ||||
| ORD | Purchase | 5,448 | 62.0200 EUR | ||||
| ORD | Purchase | 9,679 | 62.1836 EUR | ||||
| ORD | Purchase | 10,130 | 62.2345 EUR | ||||
| ORD | Purchase | 22,994 | 62.1459 EUR | ||||
| ORD | Purchase | 26,384 | 62.1359 EUR | ||||
| ORD | Purchase | 211,414 | 62.1743 EUR | ||||
| ORD (traded as ADR) | Sale | 3 | 16.7200 USD | ||||
| ORD | Sale | 21 | 61.9900 EUR | ||||
| ORD | Sale | 27 | 62.0460 EUR | ||||
| ORD | Sale | 27 | 62.1400 EUR | ||||
| ORD | Sale | 27 | 62.1560 EUR | ||||
| ORD | Sale | 36 | 62.1440 EUR | ||||
| ORD | Sale | 39 | 62.1900 EUR | ||||
| ORD (traded as ADR) | Sale | 40 | 16.7800 USD | ||||
| ORD | Sale | 47 | 62.3190 EUR | ||||
| ORD | Sale | 47 | 62.3900 EUR | ||||
| ORD (traded as ADR) | Sale | 57 | 16.7600 USD | ||||
| ORD | Sale | 61 | 62.0750 EUR | ||||
| ORD | Sale | 62 | 62.1550 EUR | ||||
| ORD | Sale | 65 | 62.0390 EUR | ||||
| ORD | Sale | 65 | 62.0790 EUR | ||||
| ORD | Sale | 70 | 62.0150 EUR | ||||
| ORD | Sale | 79 | 62.3800 EUR | ||||
| ORD | Sale | 79 | 62.4400 EUR | ||||
| ORD | Sale | 80 | 62.0462 EUR | ||||
| ORD | Sale | 88 | 62.1800 EUR | ||||
| ORD | Sale | 98 | 61.9300 EUR | ||||
| ORD | Sale | 98 | 61.9500 EUR | ||||
| ORD | Sale | 98 | 62.1040 EUR | ||||
| ORD | Sale | 98 | 62.2200 EUR | ||||
| ORD | Sale | 98 | 62.2400 EUR | ||||
| ORD | Sale | 98 | 62.2800 EUR | ||||
| ORD (traded as ADR) | Sale | 114 | 16.8720 USD | ||||
| ORD | Sale | 126 | 62.1600 EUR | ||||
| ORD | Sale | 133 | 62.0100 EUR | ||||
| ORD | Sale | 145 | 62.1090 EUR | ||||
| ORD | Sale | 157 | 62.0250 EUR | ||||
| ORD | Sale | 157 | 62.0450 EUR | ||||
| ORD | Sale | 158 | 62.0500 EUR | ||||
| ORD | Sale | 158 | 62.1150 EUR | ||||
| ORD | Sale | 162 | 62.1190 EUR | ||||
| ORD | Sale | 187 | 62.3350 EUR | ||||
| ORD | Sale | 187 | 62.3490 EUR | ||||
| ORD | Sale | 187 | 62.3500 EUR | ||||
| ORD | Sale | 187 | 62.3690 EUR | ||||
| ORD | Sale | 187 | 62.3950 EUR | ||||
| ORD | Sale | 187 | 62.4100 EUR | ||||
| ORD | Sale | 205 | 62.1050 EUR | ||||
| ORD | Sale | 251 | 62.3050 EUR | ||||
| ORD | Sale | 260 | 62.1422 EUR | ||||
| ORD | Sale | 264 | 61.9984 EUR | ||||
| ORD | Sale | 271 | 62.0700 EUR | ||||
| ORD | Sale | 311 | 62.1100 EUR | ||||
| ORD | Sale | 324 | 61.9400 EUR | ||||
| ORD (traded as ADR) | Sale | 356 | 16.7541 USD | ||||
| ORD | Sale | 357 | 62.3600 EUR | ||||
| ORD | Sale | 360 | 62.0950 EUR | ||||
| ORD | Sale | 400 | 62.3390 EUR | ||||
| ORD | Sale | 409 | 62.2650 EUR | ||||
| ORD | Sale | 411 | 62.0715 EUR | ||||
| ORD | Sale | 418 | 62.2300 EUR | ||||
| ORD | Sale | 440 | 62.3150 EUR | ||||
| ORD | Sale | 494 | 62.0290 EUR | ||||
| ORD | Sale | 506 | 62.2540 EUR | ||||
| ORD | Sale | 519 | 62.0600 EUR | ||||
| ORD | Sale | 577 | 62.0800 EUR | ||||
| ORD | Sale | 582 | 62.2232 EUR | ||||
| ORD | Sale | 617 | 62.0400 EUR | ||||
| ORD | Sale | 633 | 62.0000 EUR | ||||
| ORD | Sale | 654 | 62.2550 EUR | ||||
| ORD | Sale | 713 | 62.3300 EUR | ||||
| ORD | Sale | 720 | 62.3090 EUR | ||||
| ORD | Sale | 738 | 62.2590 EUR | ||||
| ORD | Sale | 775 | 62.1500 EUR | ||||
| ORD | Sale | 856 | 62.2600 EUR | ||||
| ORD | Sale | 987 | 62.3040 EUR | ||||
| ORD | Sale | 1,308 | 62.1989 EUR | ||||
| ORD | Sale | 1,320 | 61.9491 EUR | ||||
| ORD | Sale | 1,583 | 62.3200 EUR | ||||
| ORD | Sale | 1,598 | 62.1200 EUR | ||||
| ORD | Sale | 1,781 | 16.7541 USD | ||||
| ORD | Sale | 1,924 | 62.1000 EUR | ||||
| ORD | Sale | 2,100 | 62.0897 EUR | ||||
| ORD | Sale | 2,133 | 62.3000 EUR | ||||
| ORD | Sale | 2,448 | 62.3100 EUR | ||||
| ORD | Sale | 2,778 | 62.1673 EUR | ||||
| ORD | Sale | 2,947 | 62.0300 EUR | ||||
| ORD | Sale | 3,134 | 62.2879 EUR | ||||
| ORD | Sale | 3,641 | 62.2500 EUR | ||||
| ORD | Sale | 3,712 | 62.0900 EUR | ||||
| ORD | Sale | 4,621 | 62.2054 EUR | ||||
| ORD | Sale | 5,448 | 62.0200 EUR | ||||
| ORD | Sale | 5,701 | 62.1304 EUR | ||||
| ORD | Sale | 10,215 | 62.1343 EUR | ||||
| ORD | Sale | 10,675 | 62.1857 EUR | ||||
| ORD | Sale | 11,957 | 62.1308 EUR | ||||
| ORD | Sale | 17,016 | 62.0960 EUR | ||||
| ORD | Sale | 23,680 | 62.1438 EUR | ||||
| ORD | Sale | 25,363 | 62.1811 EUR | ||||
| ORD | Sale | 26,898 | 62.2045 EUR | ||||
| ORD | Sale | 41,693 | 62.1736 EUR | ||||
| ORD | Sale | 42,830 | 62.1749 EUR | ||||
| ORD | Sale | 71,090 | 62.1976 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 | 1,320 | 61.9491 EUR | |||||
| ORD | SWAP | Long | 1,490 | 61.9921 EUR | |||||
| ORD | CFD | Long | 1,627 | 62.2347 EUR | |||||
| ORD | SWAP | Long | 3,222 | 62.1331 EUR | |||||
| ORD | CFD | Long | 7,670 | 62.2047 EUR | |||||
| ORD | CFD | Long | 10,457 | 62.2300 EUR | |||||
| ORD | SWAP | Short | 500 | 62.2467 EUR | |||||
| ORD | SWAP | Short | 1,760 | 62.1106 EUR | |||||
| ORD | CFD | Short | 1,827 | 62.2399 EUR | |||||
| ORD | CFD | Short | 10,457 | 62.2300 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: | 4 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 person whose open positions are being disclosed: | BARCLAYS CAPITAL SECURITIES LTD | |
| Name of offeror/offeree in relation to whose relevant securities the disclosure relates: | SCHNEIDER ELECTRIC SA |
2. OPTIONS AND DERIVATIVES
| Product | Writing, | Number | Exercise | Type | Expiry | ||||||
| description | purchasing, | of | price | date | |||||||
| selling, | securities | per unit | |||||||||
| varying etc | to which | ||||||||||
| option | |||||||||||
| relates | |||||||||||
| Futures | Purchased | 140,000 | 1.3340 | 20 Dec 2013 | |||||||
| Futures | Selling | -90,000 | 1.5200 | 20 Dec 2013 | |||||||
| Put Options | Written | -300,000 | 57.7500 | European | 18 Dec 2015 | ||||||
| Call Options | Written | -250,000 | 57.7500 | European | 18 Dec 2015 | ||||||
| Put Options | Purchased | 150,000 | 38.0000 | American | 20 Jun 2014 | ||||||
| Put Options | Purchased | 25,000 | 42.0000 | American | 20 Dec 2013 | ||||||
| Put Options | Purchased | 25,000 | 43.0000 | American | 20 Dec 2013 | ||||||
| Put Options | Purchased | 125,000 | 44.0000 | American | 20 Dec 2013 | ||||||
| Put Options | Purchased | 200,000 | 48.0000 | American | 20 Dec 2013 | ||||||
| Put Options | Purchased | 100,000 | 50.0000 | American | 20 Dec 2013 | ||||||
| Put Options | Purchased | 100,000 | 56.0000 | American | 20 Dec 2013 | ||||||
| Put Options | Written | -200,000 | 42.0000 | American | 20 Dec 2013 | ||||||
| Put Options | Written | -200,000 | 48.0000 | American | 20 Dec 2013 | ||||||
| Put Options | Written | -100,000 | 50.0000 | American | 20 Dec 2013 | ||||||
| Put Options | Written | -100,000 | 50.0000 | American | 19 Dec 2014 | ||||||
| Put Options | Written | -100,000 | 52.0000 | American | 20 Dec 2013 | ||||||
| Call Options | Purchased | 50,000 | 52.0000 | American | 20 Dec 2013 | ||||||
| Call Options | Purchased | 100,000 | 64.0000 | American | 20 Dec 2013 | ||||||
| Call Options | Purchased | 100,000 | 68.0000 | American | 20 Jun 2014 | ||||||
| Call Options | Written | -50,000 | 48.0000 | American | 20 Dec 2013 | ||||||
| Call Options | Written | -100,000 | 50.0000 | American | 20 Dec 2013 | ||||||
| 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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