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

30th Jul 2013 12:48

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:		29 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:		1,137,026		0.20%		173,148		0.03%
(2)		Derivatives (other than
		options):		1,035,142		0.19%		1,376,862		0.25%
(3)		Options and agreements to
		purchase/sell:		1,264,900		0.23%		1,690,000		0.30%
(4)		TOTAL:
				3,437,068		0.62%		3,240,010		0.58%

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		45		58.3900 EUR
ORD		Purchase		166		58.4900 EUR
ORD		Purchase		248		58.4600 EUR
ORD		Purchase		303		58.4700 EUR
ORD		Purchase		433		15.2644 USD
ORD		Purchase		451		58.0158 EUR
ORD		Purchase		831		58.4127 EUR
ORD		Purchase		904		58.3080 EUR
ORD		Purchase		1,322		58.4183 EUR
ORD		Purchase		1,788		58.2140 EUR
ORD		Purchase		2,384		58.2102 EUR
ORD		Purchase		2,930		58.3212 EUR
ORD		Purchase		4,608		58.3675 EUR
ORD		Purchase		8,092		57.9500 EUR
ORD		Purchase		41,633		58.0549 EUR
ORD		Sale		102		58.1290 EUR
ORD		Sale		754		57.9326 EUR
ORD		Sale		860		15.3451 USD
ORD		Sale		1,340		58.2978 EUR
ORD		Sale		1,491		58.0483 EUR
ORD		Sale		1,524		58.0670 EUR
ORD		Sale		1,720		58.3176 EUR
ORD		Sale		1,788		58.2140 EUR
ORD		Sale		1,810		58.1255 EUR
ORD		Sale		2,014		58.1836 EUR
ORD		Sale		2,065		58.2858 EUR
ORD		Sale		2,150		58.2252 EUR
ORD		Sale		5,490		58.1345 EUR
ORD		Sale		10,122		58.2305 EUR
ORD		Sale		15,681		58.0730 EUR
ORD		Sale		23,146		57.9500 EUR
ORD		Sale		40,494		58.1475 EUR
ORD		Sale		42,300		58.5000 EUR
ORD		Sale		64,497		57.9694 EUR
ORD (traded as ADR)		Purchase		8		15.2600 USD
ORD (traded as ADR)		Purchase		46		15.3500 USD
ORD (traded as ADR)		Purchase		94		15.3300 USD
ORD (traded as ADR)		Purchase		108		15.2200 USD
ORD (traded as ADR)		Purchase		143		15.3451 USD
ORD (traded as ADR)		Purchase		433		15.2644 USD
ORD (traded as ADR)		Sale		8		15.2600 USD
ORD (traded as ADR)		Sale		47		15.3300 USD
ORD (traded as ADR)		Sale		72		15.2644 USD
ORD (traded as ADR)		Sale		154		15.2589 USD
ORD (traded as ADR)		Sale		860		15.3451 USD

(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		16		58.6093 EUR
ORD		SWAP		Long		100		58.4200 EUR
ORD		SWAP		Long		100		58.6400 EUR
ORD		CFD		Long		182		58.3124 EUR
ORD		SWAP		Long		323		58.5459 EUR
ORD		SWAP		Long		754		57.9326 EUR
ORD		SWAP		Long		1,491		58.0483 EUR
ORD		CFD		Long		1,715		58.2500 EUR
ORD		SWAP		Long		4,450		57.9314 EUR
ORD		SWAP		Long		6,737		58.0412 EUR
ORD		CFD		Long		46,648		58.1812 EUR
ORD		CFD		Short		82		58.0037 EUR
ORD		SWAP		Short		775		57.9211 EUR
ORD		SWAP		Short		831		58.4127 EUR
ORD		SWAP		Short		2,285		58.4316 EUR
ORD		CFD		Short		857		15.4700 USD
ORD		SWAP		Short		5,718		58.3958 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

1.8800 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:		30 Jul 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

31 Jul 2013

ORD

Put Options

Purchased

25,000

42.0000

American

31 Jul 2013

ORD

Put Options

Purchased

25,000

43.0000

American

31 Jul 2013

ORD

Put Options

Purchased

125,000

44.0000

American

31 Jul 2013

ORD

Put Options

Purchased

200,000

48.0000

American

31 Jul 2013

ORD

Put Options

Purchased

100,000

50.0000

American

31 Jul 2013

ORD

Put Options

Purchased

100,000

56.0000

American

31 Jul 2013

ORD

Put Options

Written

-200,000

42.0000

American

31 Jul 2013

ORD

Put Options

Written

-200,000

48.0000

American

31 Jul 2013

ORD

Put Options

Written

-100,000

50.0000

American

31 Jul 2013

ORD

Put Options

Written

-100,000

52.0000

American

31 Jul 2013

ORD

Put Options

Written

-50,000

60.0000

American

31 Jul 2013

ORD

Call Options

Purchased

50,000

52.0000

American

31 Jul 2013

ORD

Call Options

Purchased

149,900

58.0000

American

31 Jul 2013

ORD

Call Options

Purchased

100,000

60.0000

American

31 Jul 2013

ORD

Call Options

Purchased

100,000

64.0000

American

31 Jul 2013

ORD

Call Options

Written

-50,000

48.0000

American

31 Jul 2013

ORD

Call Options

Written

-100,000

50.0000

American

31 Jul 2013

ORD

Call Options

Written

-200,000

58.0000

American

31 Jul 2013

ORD

Call Options

Written

-50,000

60.0000

American

31 Jul 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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