11th Sep 2013 11:28
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: | 10 September 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: | 1,288,591 | 0.23% | 835,692 | 0.15% | |||||||
| (2) | Derivatives (other than | ||||||||||
| options): | 1,694,842 | 0.30% | 1,319,581 | 0.24% | |||||||
| (3) | Options and agreements to | ||||||||||
| purchase/sell: | 1,293,500 | 0.23% | 1,840,000 | 0.33% | |||||||
| (4) | TOTAL: | ||||||||||
| 4,276,933 | 0.76% | 3,995,273 | 0.71% | ||||||||
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 | 7 | 62.1900 EUR | ||||
| ORD | Purchase | 83 | 62.7000 EUR | ||||
| ORD | Purchase | 150 | 62.5800 EUR | ||||
| ORD | Purchase | 241 | 62.6965 EUR | ||||
| ORD | Purchase | 726 | 62.2987 EUR | ||||
| ORD | Purchase | 894 | 62.5768 EUR | ||||
| ORD | Purchase | 1,082 | 62.5692 EUR | ||||
| ORD | Purchase | 1,483 | 62.6037 EUR | ||||
| ORD | Purchase | 1,802 | 62.4750 EUR | ||||
| ORD | Purchase | 2,172 | 62.3365 EUR | ||||
| ORD | Purchase | 2,244 | 62.5810 EUR | ||||
| ORD | Purchase | 2,612 | 62.7015 EUR | ||||
| ORD | Purchase | 3,099 | 62.6457 EUR | ||||
| ORD | Purchase | 3,210 | 62.5946 EUR | ||||
| ORD | Purchase | 16,077 | 62.7342 EUR | ||||
| ORD | Purchase | 19,276 | 62.4885 EUR | ||||
| ORD | Purchase | 20,619 | 62.9000 EUR | ||||
| ORD | Purchase | 43,930 | 62.6482 EUR | ||||
| ORD | Purchase | 1,165 | 62.8112 EUR | ||||
| ORD | Purchase | 1,482 | 62.9000 EUR | ||||
| ORD (traded as ADR) | Purchase | 1 | 16.6200 USD | ||||
| ORD (traded as ADR) | Purchase | 46 | 16.6300 USD | ||||
| ORD (traded as ADR) | Sale | 1 | 16.6200 USD | ||||
| ORD (traded as ADR) | Sale | 46 | 16.6300 USD | ||||
| ORD | Sale | 7 | 62.1900 EUR | ||||
| ORD | Sale | 32 | 62.1500 EUR | ||||
| ORD | Sale | 49 | 62.2900 EUR | ||||
| ORD | Sale | 109 | 62.6368 EUR | ||||
| ORD | Sale | 109 | 62.6919 EUR | ||||
| ORD | Sale | 109 | 62.6968 EUR | ||||
| ORD | Sale | 109 | 62.7168 EUR | ||||
| ORD | Sale | 109 | 62.7219 EUR | ||||
| ORD | Sale | 109 | 62.7368 EUR | ||||
| ORD | Sale | 109 | 62.7400 EUR | ||||
| ORD | Sale | 179 | 62.6950 EUR | ||||
| ORD | Sale | 246 | 62.6200 EUR | ||||
| ORD | Sale | 267 | 62.6868 EUR | ||||
| ORD | Sale | 280 | 62.8007 EUR | ||||
| ORD | Sale | 321 | 62.6800 EUR | ||||
| ORD | Sale | 354 | 62.6100 EUR | ||||
| ORD | Sale | 355 | 62.6300 EUR | ||||
| ORD | Sale | 380 | 62.7665 EUR | ||||
| ORD | Sale | 397 | 62.6600 EUR | ||||
| ORD | Sale | 413 | 62.7300 EUR | ||||
| ORD | Sale | 431 | 62.7500 EUR | ||||
| ORD | Sale | 500 | 62.2746 EUR | ||||
| ORD | Sale | 729 | 62.6535 EUR | ||||
| ORD | Sale | 791 | 62.7600 EUR | ||||
| ORD | Sale | 863 | 62.6700 EUR | ||||
| ORD | Sale | 1,266 | 62.6900 EUR | ||||
| ORD | Sale | 1,267 | 62.7200 EUR | ||||
| ORD | Sale | 1,295 | 62.6585 EUR | ||||
| ORD | Sale | 1,550 | 62.7100 EUR | ||||
| ORD | Sale | 2,500 | 62.4600 EUR | ||||
| ORD | Sale | 3,037 | 62.7000 EUR | ||||
| ORD | Sale | 3,166 | 62.6433 EUR | ||||
| ORD | Sale | 3,715 | 62.6481 EUR | ||||
| ORD | Sale | 3,795 | 62.7849 EUR | ||||
| ORD | Sale | 5,705 | 62.7027 EUR | ||||
| ORD | Sale | 9,000 | 62.5625 EUR | ||||
| ORD | Sale | 10,000 | 62.2470 EUR | ||||
| ORD | Sale | 15,319 | 62.6731 EUR | ||||
| ORD | Sale | 15,758 | 62.6191 EUR | ||||
| ORD | Sale | 17,793 | 62.7359 EUR | ||||
| ORD | Sale | 26,690 | 62.7437 EUR | ||||
| ORD | Sale | 29,218 | 62.6127 EUR | ||||
| ORD | Sale | 35,934 | 62.6518 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 | 130 | 62.2922 EUR | |||||
| ORD | SWAP | Long | 861 | 62.5948 EUR | |||||
| ORD | CFD | Long | 1,095 | 62.8447 EUR | |||||
| ORD | SWAP | Long | 5,400 | 62.9000 EUR | |||||
| ORD | SWAP | Long | 6,245 | 62.8135 EUR | |||||
| ORD | SWAP | Long | 8,525 | 62.8870 EUR | |||||
| ORD | SWAP | Long | 10,000 | 62.2470 EUR | |||||
| ORD | CFD | Long | 73,465 | 62.5972 EUR | |||||
| ORD | SWAP | Short | 200 | 62.0900 EUR | |||||
| ORD | SWAP | Short | 952 | 62.6592 EUR | |||||
| ORD | CFD | Short | 2,172 | 62.3365 EUR | |||||
| ORD | SWAP | Short | 2,899 | 62.6147 EUR | |||||
| ORD | SWAP | Short | 5,400 | 62.9000 EUR | |||||
| ORD | SWAP | Short | 7,145 | 62.5739 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: | 11 Sep 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
| 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 | Put Options | Written | -50,000 | 60.0000 | American | 20 Sep 2013 | |||||||
| ORD | Call Options | Purchased | 50,000 | 52.0000 | American | 20 Dec 2013 | |||||||
| ORD | Call Options | Purchased | 278,500 | 60.0000 | American | 20 Sep 2013 | |||||||
| ORD | Call Options | Purchased | 100,000 | 64.0000 | American | 20 Dec 2013 | |||||||
| 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 | 60.0000 | American | 20 Sep 2013 | |||||||
| ORD | Call Options | Written | -100,000 | 60.0000 | American | 18 Oct 2013 | |||||||
| ORD | Call Options | Written | -100,000 | 68.0000 | 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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