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

1st Aug 2013 12:00

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:		31 July 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:		1,197,608		0.21%		181,779		0.03%
(2)		Derivatives (other than
		options):		1,361,767		0.25%		1,474,590		0.26%
(3)		Options and agreements to
		purchase/sell:		1,329,900		0.24%		1,640,000		0.29%
(4)		TOTAL:
				3,889,275		0.70%		3,296,369		0.59%

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		16		59.7425 EUR
ORD		Purchase		415		59.7800 EUR
ORD		Purchase		460		60.1400 EUR
ORD		Purchase		463		60.1800 EUR
ORD		Purchase		572		60.1500 EUR
ORD		Purchase		624		60.1745 EUR
ORD		Purchase		650		60.1600 EUR
ORD		Purchase		676		59.6500 EUR
ORD		Purchase		688		60.1900 EUR
ORD		Purchase		690		60.1700 EUR
ORD		Purchase		904		59.4954 EUR
ORD		Purchase		1,437		59.9037 EUR
ORD		Purchase		1,496		60.6470 EUR
ORD		Purchase		2,494		59.8215 EUR
ORD		Purchase		2,500		59.7000 EUR
ORD		Purchase		2,500		60.0000 EUR
ORD		Purchase		5,000		60.3000 EUR
ORD		Purchase		5,088		59.7610 EUR
ORD		Purchase		5,262		15.7756 USD
ORD		Purchase		5,387		59.7855 EUR
ORD		Purchase		6,331		59.7692 EUR
ORD		Purchase		6,821		59.6591 EUR
ORD		Purchase		8,280		59.8124 EUR
ORD		Purchase		8,317		59.7875 EUR
ORD		Purchase		9,452		59.5307 EUR
ORD		Purchase		10,910		60.3226 EUR
ORD		Purchase		11,408		59.8100 EUR
ORD		Purchase		18,316		59.5400 EUR
ORD		Purchase		18,801		59.9082 EUR
ORD		Purchase		23,371		59.9166 EUR
ORD		Purchase		23,730		59.5983 EUR
ORD		Purchase		39,682		59.9645 EUR
ORD		Purchase		81,282		59.8221 EUR
ORD		Purchase		96,713		59.8366 EUR
ORD		Sale		2		60.7200 EUR
ORD		Sale		161		59.1700 EUR
ORD		Sale		216		60.1240 EUR
ORD		Sale		404		60.7710 EUR
ORD		Sale		425		59.6493 EUR
ORD		Sale		485		59.6129 EUR
ORD		Sale		523		59.8829 EUR
ORD		Sale		594		15.8800 USD
ORD		Sale		630		60.0124 EUR
ORD		Sale		1,068		59.8348 EUR
ORD		Sale		1,140		60.1404 EUR
ORD		Sale		1,339		60.6028 EUR
ORD		Sale		4,124		60.2239 EUR
ORD		Sale		4,298		59.5125 EUR
ORD		Sale		5,367		59.6718 EUR
ORD		Sale		5,879		59.8100 EUR
ORD		Sale		6,094		59.7826 EUR
ORD		Sale		6,966		60.0394 EUR
ORD		Sale		7,100		59.6862 EUR
ORD		Sale		9,580		59.7128 EUR
ORD		Sale		10,580		59.7543 EUR
ORD		Sale		12,897		59.8803 EUR
ORD		Sale		13,948		59.8776 EUR
ORD		Sale		14,733		59.6785 EUR
ORD		Sale		31,289		59.6693 EUR
ORD		Sale		44,340		60.0667 EUR
ORD		Sale		51,500		60.0454 EUR
ORD		Sale		53,001		59.3991 EUR
ORD		Sale		54,000		60.4000 EUR
ORD		Sale		60,497		59.8882 EUR
ORD (traded as ADR)		Purchase		30		15.8500 USD
ORD (traded as ADR)		Purchase		84		15.7700 USD
ORD (traded as ADR)		Purchase		99		15.8800 USD
ORD (traded as ADR)		Purchase		5,262		15.7756 USD
ORD (traded as ADR)		Sale		30		15.8500 USD
ORD (traded as ADR)		Sale		84		15.7700 USD
ORD (traded as ADR)		Sale		594		15.8800 USD
ORD (traded as ADR)		Sale		877		15.7756 USD

(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		64		59.6710 EUR
ORD		SWAP		Long		1,140		60.1404 EUR
ORD		SWAP		Long		1,395		59.6769 EUR
ORD		CFD		Long		1,713		59.2200 EUR
ORD		SWAP		Long		7,295		60.2529 EUR
ORD		SWAP		Long		10,741		59.8417 EUR
ORD		SWAP		Long		17,234		59.4388 EUR
ORD		CFD		Long		17,713		60.2025 EUR
ORD		CFD		Long		28,449		60.0127 EUR
ORD		SWAP		Long		34,131		59.8803 EUR
ORD		SWAP		Long		51,500		60.0454 EUR
ORD		SWAP		Long		97,055		59.6938 EUR
ORD		SWAP		Long		158,325		59.3054 EUR
ORD		CFD		Short		6,749		59.8495 EUR
ORD		SWAP		Short		8,722		59.9197 EUR
ORD		CFD		Short		4,674		60.0137 EUR
ORD		SWAP		Short		25,274		59.6468 EUR
ORD		CFD		Short		39,682		59.9645 EUR
ORD		SWAP		Short		45,000		59.7230 EUR
ORD		SWAP		Short		62,246		59.9024 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

60 EUR

American

20 Sep 2013

2.6100 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:		1 Aug 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

2 Aug 2013

ORD

Put Options

Purchased

25,000

42.0000

American

2 Aug 2013

ORD

Put Options

Purchased

25,000

43.0000

American

2 Aug 2013

ORD

Put Options

Purchased

125,000

44.0000

American

2 Aug 2013

ORD

Put Options

Purchased

200,000

48.0000

American

2 Aug 2013

ORD

Put Options

Purchased

100,000

50.0000

American

2 Aug 2013

ORD

Put Options

Purchased

100,000

56.0000

American

2 Aug 2013

ORD

Put Options

Purchased

15,000

58.0000

American

2 Aug 2013

ORD

Put Options

Written

-200,000

42.0000

American

2 Aug 2013

ORD

Put Options

Written

-200,000

48.0000

American

2 Aug 2013

ORD

Put Options

Written

-100,000

50.0000

American

2 Aug 2013

ORD

Put Options

Written

-100,000

52.0000

American

2 Aug 2013

ORD

Put Options

Written

-50,000

60.0000

American

2 Aug 2013

ORD

Call Options

Purchased

50,000

52.0000

American

2 Aug 2013

ORD

Call Options

Purchased

149,900

58.0000

American

2 Aug 2013

ORD

Call Options

Purchased

150,000

60.0000

American

2 Aug 2013

ORD

Call Options

Purchased

100,000

64.0000

American

2 Aug 2013

ORD

Call Options

Written

-50,000

48.0000

American

2 Aug 2013

ORD

Call Options

Written

-100,000

50.0000

American

2 Aug 2013

ORD

Call Options

Written

-200,000

58.0000

American

2 Aug 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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