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

2nd Aug 2013 12:42

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:		1 August 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:		1,117,149		0.20%		501,337		0.09%
(2)		Derivatives (other than
		options):		1,396,212		0.25%		1,300,907		0.23%
(3)		Options and agreements to
		purchase/sell:		1,329,900		0.24%		1,740,000		0.31%
(4)		TOTAL:
				3,843,261		0.69%		3,542,244		0.63%

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		129		61.5800 EUR
ORD		Purchase		140		61.6000 EUR
ORD		Purchase		159		61.9500 EUR
ORD		Purchase		161		61.9600 EUR
ORD		Purchase		168		61.9400 EUR
ORD		Purchase		169		61.9000 EUR
ORD		Purchase		171		61.9300 EUR
ORD		Purchase		172		61.9900 EUR
ORD		Purchase		174		62.0100 EUR
ORD		Purchase		206		61.5500 EUR
ORD		Purchase		230		61.5700 EUR
ORD		Purchase		250		61.5900 EUR
ORD		Purchase		268		62.0050 EUR
ORD		Purchase		346		61.9100 EUR
ORD		Purchase		367		61.9200 EUR
ORD		Purchase		384		61.5600 EUR
ORD		Purchase		453		61.1383 EUR
ORD		Purchase		490		61.9700 EUR
ORD		Purchase		522		61.6811 EUR
ORD		Purchase		683		61.9800 EUR
ORD		Purchase		857		62.0000 EUR
ORD		Purchase		1,111		16.2721 USD
ORD		Purchase		2,154		61.7164 EUR
ORD		Purchase		2,173		61.0905 EUR
ORD		Purchase		2,398		61.3341 EUR
ORD		Purchase		2,500		60.8722 EUR
ORD		Purchase		3,768		60.9644 EUR
ORD		Purchase		3,824		61.1461 EUR
ORD		Purchase		5,232		61.3877 EUR
ORD		Purchase		6,791		61.8556 EUR
ORD		Purchase		9,759		61.1428 EUR
ORD		Purchase		10,974		61.4366 EUR
ORD		Purchase		12,000		60.7555 EUR
ORD		Purchase		12,084		62.6300 EUR
ORD		Purchase		14,921		61.2891 EUR
ORD		Purchase		24,901		61.1881 EUR
ORD		Purchase		40,258		61.4598 EUR
ORD		Purchase		49,611		61.1076 EUR
ORD		Purchase		74,122		61.5138 EUR
ORD		Sale		24		62.6300 EUR
ORD		Sale		46		60.5600 EUR
ORD		Sale		78		60.5800 EUR
ORD		Sale		118		61.7256 EUR
ORD		Sale		222		61.0124 EUR
ORD		Sale		311		61.6357 EUR
ORD		Sale		324		61.3989 EUR
ORD		Sale		453		61.1383 EUR
ORD		Sale		1,196		61.2813 EUR
ORD		Sale		1,224		16.4204 USD
ORD		Sale		1,234		61.3348 EUR
ORD		Sale		1,308		61.9988 EUR
ORD		Sale		1,700		61.9167 EUR
ORD		Sale		1,756		62.6112 EUR
ORD		Sale		1,911		60.9900 EUR
ORD		Sale		2,600		60.6998 EUR
ORD		Sale		2,842		60.8348 EUR
ORD		Sale		2,921		61.4844 EUR
ORD		Sale		3,024		60.9625 EUR
ORD		Sale		3,100		61.1865 EUR
ORD		Sale		3,500		61.2716 EUR
ORD		Sale		5,648		61.3790 EUR
ORD		Sale		6,044		61.8853 EUR
ORD		Sale		6,491		61.6623 EUR
ORD		Sale		9,158		62.4700 EUR
ORD		Sale		14,483		61.5080 EUR
ORD		Sale		21,680		62.1655 EUR
ORD		Sale		22,292		60.9000 EUR
ORD		Sale		25,902		62.0371 EUR
ORD		Sale		31,000		61.4791 EUR
ORD		Sale		68,088		61.4934 EUR
ORD		Sale		77,370		61.2546 EUR
ORD		Sale		93,207		61.2355 EUR
ORD (traded as ADR)		Purchase		4		16.6400 USD
ORD (traded as ADR)		Purchase		204		16.4204 USD
ORD (traded as ADR)		Purchase		762		16.5600 USD
ORD (traded as ADR)		Purchase		1,111		16.2721 USD
ORD (traded as ADR)		Sale		4		16.6400 USD
ORD (traded as ADR)		Sale		47		15.8840 USD
ORD (traded as ADR)		Sale		185		16.2721 USD
ORD (traded as ADR)		Sale		762		16.5600 USD
ORD (traded as ADR)		Sale		1,224		16.4204 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		232		61.9906 EUR
ORD		SWAP		Long		324		61.3989 EUR
ORD		CFD		Long		790		61.1370 EUR
ORD		SWAP		Long		1,100		62.6300 EUR
ORD		SWAP		Long		1,756		62.6112 EUR
ORD		SWAP		Long		2,485		61.2662 EUR
ORD		SWAP		Long		2,600		60.6997 EUR
ORD		SWAP		Long		3,077		61.3781 EUR
ORD		SWAP		Long		6,044		61.8853 EUR
ORD		CFD		Long		6,884		60.9468 EUR
ORD		CFD		Long		7,229		61.3986 EUR
ORD		CFD		Long		25,902		62.0371 EUR
ORD		CFD		Long		145,124		61.3988 EUR
ORD		CFD		Short		180		62.0482 EUR
ORD		SWAP		Short		200		61.2562 EUR
ORD		SWAP		Short		1,033		61.3669 EUR
ORD		SWAP		Short		1,100		62.6300 EUR
ORD		CFD		Short		2,741		61.1565 EUR
ORD		CFD		Short		3,768		60.9644 EUR
ORD		SWAP		Short		36,703		61.1603 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:		2 August 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

Purchased

15,000

58.0000

American

16 Aug 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

149,900

58.0000

American

16 Aug 2013

ORD

Call Options

Purchased

150,000

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

-200,000

58.0000

American

16 Aug 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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