4th Sep 2013 12:09
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: | 3 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 SA |
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: | 1,346,000 | 0.24% | 708,848 | 0.13% | |||||||
| (2) | Derivatives (other than | ||||||||||
| options): | 1,565,546 | 0.28% | 1,410,893 | 0.25% | |||||||
| (3) | Options and agreements to | ||||||||||
| purchase/sell: | 1,293,500 | 0.23% | 1,740,000 | 0.31% | |||||||
| (4) | TOTAL: | ||||||||||
| 4,205,046 | 0.75% | 3,859,741 | 0.69% |
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 | 4 | 59.7800 EUR | ||||||
| ORD | Purchase | 180 | 59.6400 EUR | ||||||
| ORD | Purchase | 368 | 59.5269 EUR | ||||||
| ORD | Purchase | 501 | 59.6354 EUR | ||||||
| ORD | Purchase | 773 | 59.7556 EUR | ||||||
| ORD | Purchase | 1,336 | 59.6856 EUR | ||||||
| ORD | Purchase | 1,595 | 59.5385 EUR | ||||||
| ORD | Purchase | 3,294 | 59.4304 EUR | ||||||
| ORD | Purchase | 3,466 | 59.7000 EUR | ||||||
| ORD | Purchase | 4,875 | 59.3269 EUR | ||||||
| ORD | Purchase | 5,202 | 59.7973 EUR | ||||||
| ORD | Purchase | 5,458 | 59.6841 EUR | ||||||
| ORD | Purchase | 28,006 | 59.5972 EUR | ||||||
| ORD | Purchase | 250,000 | 59.6709 EUR | ||||||
| ORD (traded as ADR) | Purchase | 3 | 15.6300 USD | ||||||
| ORD (traded as ADR) | Purchase | 84 | 15.7100 USD | ||||||
| ORD (traded as ADR) | Purchase | 160 | 15.7200 USD | ||||||
| ORD (traded as ADR) | Sale | 3 | 15.6300 USD | ||||||
| ORD (traded as ADR) | Sale | 83 | 15.7100 USD | ||||||
| ORD (traded as ADR) | Sale | 160 | 15.7200 USD | ||||||
| ORD | Sale | 4 | 59.7800 EUR | ||||||
| ORD | Sale | 137 | 59.7746 EUR | ||||||
| ORD | Sale | 179 | 59.3500 EUR | ||||||
| ORD | Sale | 190 | 59.7738 EUR | ||||||
| ORD | Sale | 295 | 59.7082 EUR | ||||||
| ORD | Sale | 331 | 59.3516 EUR | ||||||
| ORD | Sale | 800 | 15.7200 USD | ||||||
| ORD | Sale | 815 | 59.8726 EUR | ||||||
| ORD | Sale | 898 | 59.8048 EUR | ||||||
| ORD | Sale | 942 | 59.8027 EUR | ||||||
| ORD | Sale | 2,109 | 59.7058 EUR | ||||||
| ORD | Sale | 2,319 | 59.5457 EUR | ||||||
| ORD | Sale | 5,508 | 59.7000 EUR | ||||||
| ORD | Sale | 5,632 | 59.7762 EUR | ||||||
| ORD | Sale | 5,643 | 59.7785 EUR | ||||||
| ORD | Sale | 5,657 | 59.6518 EUR | ||||||
| ORD | Sale | 9,523 | 59.6327 EUR | ||||||
| ORD | Sale | 17,991 | 59.6195 EUR | ||||||
| ORD | Sale | 23,270 | 59.5672 EUR | ||||||
| ORD | Sale | 25,840 | 59.6801 EUR | ||||||
| ORD | Sale | 79,391 | 59.6697 EUR | ||||||
| ORD | Sale | 152,675 | 59.6506 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 | 100 | 59.3000 EUR | |||||
| ORD | SWAP | Long | 179 | 59.3500 EUR | |||||
| ORD | SWAP | Long | 295 | 59.7082 EUR | |||||
| ORD | SWAP | Long | 331 | 59.3516 EUR | |||||
| ORD | SWAP | Long | 428 | 59.6604 EUR | |||||
| ORD | SWAP | Long | 1,536 | 59.7235 EUR | |||||
| ORD | SWAP | Long | 2,397 | 59.7273 EUR | |||||
| ORD | CFD | Long | 7,877 | 59.4638 EUR | |||||
| ORD | CFD | Long | 9,523 | 59.6327 EUR | |||||
| ORD | SWAP | Long | 21,102 | 59.6700 EUR | |||||
| ORD | CFD | Short | 160 | 59.8311 EUR | |||||
| ORD | SWAP | Short | 1,487 | 59.4536 EUR | |||||
| ORD | SWAP | Short | 1,864 | 59.2039 EUR | |||||
| ORD | SWAP | Short | 2,865 | 59.6169 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: | 4 Sept 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.
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 |
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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