Form 8.5 (EPT/NON-RI) - Schneider Electric SA

3rd Dec 2013 11:25

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:		2 December 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:		1,814,305		0.32%		1,627,279		0.29%
(2)		Derivatives (other than
		options):		2,388,318		0.43%		1,385,392		0.25%
(3)		Options and agreements to
		purchase/sell:		1,358,300		0.24%		1,515,000		0.27%
(4)		TOTAL:
				5,560,345		0.99%		4,527,671		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 (traded as ADR)		Purchase		29		16.7200 USD
ORD		Purchase		33		61.9850 EUR
ORD		Purchase		35		61.9640 EUR
ORD		Purchase		36		61.9200 EUR
ORD		Purchase		38		61.9600 EUR
ORD		Purchase		44		61.8510 EUR
ORD		Purchase		60		61.8550 EUR
ORD		Purchase		60		61.8960 EUR
ORD		Purchase		60		61.9100 EUR
ORD		Purchase		60		61.9250 EUR
ORD		Purchase		62		62.1050 EUR
ORD		Purchase		104		62.1000 EUR
ORD		Purchase		110		61.8400 EUR
ORD		Purchase		158		61.7442 EUR
ORD (traded as ADR)		Purchase		162		16.9680 USD
ORD		Purchase		201		62.0900 EUR
ORD		Purchase		206		61.9500 EUR
ORD (traded as ADR)		Purchase		213		16.7400 USD
ORD		Purchase		255		61.6900 EUR
ORD		Purchase		277		61.7000 EUR
ORD		Purchase		300		62.0800 EUR
ORD		Purchase		344		61.8912 EUR
ORD		Purchase		357		61.8525 EUR
ORD		Purchase		357		61.8600 EUR
ORD		Purchase		368		61.8936 EUR
ORD		Purchase		400		62.0000 EUR
ORD		Purchase		400		62.0600 EUR
ORD		Purchase		417		61.7388 EUR
ORD		Purchase		426		61.9000 EUR
ORD		Purchase		520		62.0500 EUR
ORD		Purchase		790		61.6163 EUR
ORD		Purchase		920		61.9406 EUR
ORD		Purchase		935		61.8195 EUR
ORD		Purchase		1,200		62.0726 EUR
ORD		Purchase		1,342		61.7560 EUR
ORD		Purchase		1,460		62.0107 EUR
ORD		Purchase		2,629		61.8219 EUR
ORD		Purchase		4,501		61.9247 EUR
ORD		Purchase		7,940		61.8067 EUR
ORD		Purchase		12,822		61.7500 EUR
ORD		Purchase		14,660		61.9081 EUR
ORD		Purchase		15,652		61.9016 EUR
ORD (traded as ADR)		Sale		29		16.7200 USD
ORD		Sale		33		61.9850 EUR
ORD		Sale		35		61.9640 EUR
ORD		Sale		36		61.9200 EUR
ORD		Sale		38		61.9600 EUR
ORD		Sale		44		61.8510 EUR
ORD		Sale		60		61.8550 EUR
ORD		Sale		60		61.8960 EUR
ORD		Sale		60		61.9100 EUR
ORD		Sale		60		61.9250 EUR
ORD		Sale		62		62.1050 EUR
ORD		Sale		66		61.7984 EUR
ORD		Sale		104		62.1000 EUR
ORD		Sale		110		61.8400 EUR
ORD		Sale		201		62.0900 EUR
ORD		Sale		206		61.9500 EUR
ORD (traded as ADR)		Sale		213		16.7400 USD
ORD		Sale		236		61.8900 EUR
ORD		Sale		255		61.6900 EUR
ORD		Sale		277		61.7000 EUR
ORD		Sale		300		62.0800 EUR
ORD (traded as ADR)		Sale		304		16.9680 USD
ORD		Sale		351		62.0007 EUR
ORD		Sale		357		61.8600 EUR
ORD		Sale		400		62.0000 EUR
ORD		Sale		400		62.0600 EUR
ORD		Sale		463		61.9000 EUR
ORD		Sale		520		62.0500 EUR
ORD		Sale		525		61.9882 EUR
ORD		Sale		593		61.7496 EUR
ORD		Sale		762		61.7500 EUR
ORD		Sale		815		61.8145 EUR
ORD		Sale		824		61.8657 EUR
ORD		Sale		1,067		16.7400 USD
ORD		Sale		1,381		61.8636 EUR
ORD		Sale		1,640		61.9087 EUR
ORD		Sale		1,949		61.8998 EUR
ORD		Sale		3,256		61.8702 EUR
ORD		Sale		5,265		61.9292 EUR
ORD		Sale		5,331		61.8822 EUR
ORD		Sale		5,465		61.9552 EUR
ORD		Sale		30,421		61.8733 EUR
ORD		Sale		32,345		61.7905 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		2,000		61.8100 EUR
ORD		SWAP		Long		6,148		61.7970 EUR
ORD		CFD		Long		35,528		61.9052 EUR
ORD		CFD		Short		45		61.7553 EUR
ORD		SWAP		Short		100		62.0400 EUR
ORD		CFD		Short		2,000		16.8011 USD
ORD		CFD		Short		454		62.3951 EUR
ORD		SWAP		Short		935		61.8195 EUR
ORD		CFD		Short		3,801		61.7552 EUR
ORD		SWAP		Short		4,160		61.9000 EUR
ORD		CFD		Short		5,457		61.7840 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:		3 Dec 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

200,000

48.0000

American

20 Dec 2013

ORD

Put Options

Purchased

100,000

48.0000

American

19 Dec 2014

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

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

Purchased

100,000

80.0000

American

19 Dec 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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