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

24th Oct 2013 11:07

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:		23 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:		1,634,387		0.29%		1,402,979		0.25%
(2)		Derivatives (other than
		options):		2,169,748		0.39%		1,446,482		0.26%
(3)		Options and agreements to
		purchase/sell:		1,115,000		0.20%		1,590,000		0.28%
(4)		TOTAL:
				4,919,135		0.88%		4,439,461		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		28		62.2200 EUR
ORD		Purchase		28		62.3260 EUR
ORD (traded as ADR)		Purchase		31		17.1500 USD
ORD		Purchase		34		62.4400 EUR
ORD		Purchase		41		62.4460 EUR
ORD		Purchase		41		62.5900 EUR
ORD		Purchase		42		62.4590 EUR
ORD		Purchase		47		62.1550 EUR
ORD		Purchase		54		62.9909 EUR
ORD		Purchase		55		62.3600 EUR
ORD		Purchase		59		62.4450 EUR
ORD		Purchase		62		62.4650 EUR
ORD		Purchase		63		62.5010 EUR
ORD		Purchase		63		62.5350 EUR
ORD		Purchase		71		62.6600 EUR
ORD		Purchase		98		62.1690 EUR
ORD		Purchase		98		62.2100 EUR
ORD		Purchase		98		62.3800 EUR
ORD		Purchase		98		62.4800 EUR
ORD		Purchase		105		62.4950 EUR
ORD		Purchase		137		62.8400 EUR
ORD		Purchase		156		62.5000 EUR
ORD		Purchase		163		62.5910 EUR
ORD		Purchase		167		62.2500 EUR
ORD		Purchase		194		62.4100 EUR
ORD		Purchase		204		62.4000 EUR
ORD		Purchase		212		62.5850 EUR
ORD		Purchase		217		62.2000 EUR
ORD		Purchase		223		62.3650 EUR
ORD		Purchase		300		62.4490 EUR
ORD		Purchase		300		62.5500 EUR
ORD		Purchase		348		62.6200 EUR
ORD		Purchase		356		62.4300 EUR
ORD		Purchase		360		62.4403 EUR
ORD		Purchase		390		62.3500 EUR
ORD		Purchase		500		62.4900 EUR
ORD		Purchase		506		62.5029 EUR
ORD		Purchase		523		62.4406 EUR
ORD		Purchase		529		62.4574 EUR
ORD		Purchase		543		62.5637 EUR
ORD		Purchase		572		62.3700 EUR
ORD		Purchase		704		62.6604 EUR
ORD		Purchase		744		62.4469 EUR
ORD		Purchase		824		62.2155 EUR
ORD		Purchase		839		62.1500 EUR
ORD		Purchase		862		62.1000 EUR
ORD		Purchase		928		62.2321 EUR
ORD		Purchase		1,002		62.4600 EUR
ORD		Purchase		1,052		62.4500 EUR
ORD		Purchase		1,530		62.1000 EUR
ORD (traded as ADR)		Purchase		2,763		17.1269 USD
ORD		Purchase		4,969		62.4651 EUR
ORD		Purchase		6,275		62.4429 EUR
ORD		Purchase		8,450		62.4601 EUR
ORD		Purchase		9,083		62.4630 EUR
ORD		Purchase		11,021		62.2600 EUR
ORD		Purchase		60,551		62.3179 EUR
ORD (traded as ADR)		Sale		31		17.1500 USD
ORD		Sale		62		62.4650 EUR
ORD		Sale		63		62.5010 EUR
ORD		Sale		63		62.5350 EUR
ORD		Sale		71		62.6600 EUR
ORD		Sale		98		62.1690 EUR
ORD		Sale		98		62.2100 EUR
ORD		Sale		98		62.3800 EUR
ORD		Sale		98		62.4800 EUR
ORD		Sale		103		62.4742 EUR
ORD		Sale		105		62.4950 EUR
ORD		Sale		126		62.5180 EUR
ORD		Sale		137		62.8400 EUR
ORD		Sale		145		62.1550 EUR
ORD		Sale		156		62.5000 EUR
ORD		Sale		163		62.5910 EUR
ORD		Sale		167		62.2500 EUR
ORD		Sale		194		62.4100 EUR
ORD		Sale		204		62.4000 EUR
ORD		Sale		212		62.5850 EUR
ORD		Sale		217		62.2000 EUR
ORD		Sale		223		62.3650 EUR
ORD		Sale		300		62.4490 EUR
ORD		Sale		300		62.5500 EUR
ORD		Sale		348		62.6200 EUR
ORD		Sale		356		62.4300 EUR
ORD		Sale		390		62.3500 EUR
ORD		Sale		410		62.2976 EUR
ORD		Sale		500		62.4900 EUR
ORD		Sale		506		62.5029 EUR
ORD		Sale		544		62.4244 EUR
ORD		Sale		572		62.3700 EUR
ORD		Sale		593		62.4316 EUR
ORD		Sale		616		62.2170 EUR
ORD		Sale		717		62.4500 EUR
ORD		Sale		839		62.1500 EUR
ORD		Sale		841		62.5034 EUR
ORD		Sale		1,002		62.4600 EUR
ORD		Sale		1,062		62.6709 EUR
ORD		Sale		1,578		62.2150 EUR
ORD		Sale		1,754		62.4726 EUR
ORD		Sale		2,470		62.3778 EUR
ORD		Sale		2,754		62.1000 EUR
ORD		Sale		2,758		62.3438 EUR
ORD (traded as ADR)		Sale		2,763		17.1269 USD
ORD		Sale		3,542		62.4109 EUR
ORD		Sale		6,053		62.4124 EUR
ORD		Sale		7,394		62.4781 EUR
ORD		Sale		11,179		62.6518 EUR
ORD		Sale		13,817		17.1269 USD
ORD		Sale		15,420		62.2694 EUR
ORD		Sale		16,857		62.1000 EUR
ORD		Sale		17,015		62.4274 EUR
ORD		Sale		23,065		62.5700 EUR
ORD		Sale		25,944		62.2896 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		690		62.4276 EUR
ORD		CFD		Long		8,953		62.5035 EUR
ORD		CFD		Long		11,179		62.6518 EUR
ORD		SWAP		Short		54		62.9909 EUR
ORD		SWAP		Short		300		62.4493 EUR
ORD		CFD		Short		1,780		62.2307 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:		24 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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