23rd Sep 2013 12:52
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: | 20 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: | 1,499,438 | 0.27% | 1,173,497 | 0.21% | |||||||
| (2) | Derivatives (other than | ||||||||||
| options): | 2,011,638 | 0.36% | 1,355,508 | 0.24% | |||||||
| (3) | Options and agreements to | ||||||||||
| purchase/sell: | 1,015,000 | 0.18% | 1,690,000 | 0.30% | |||||||
| (4) | TOTAL: | ||||||||||
| 4,526,076 | 0.81% | 4,219,005 | 0.75% | ||||||||
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 | 65.0510 EUR | ||||
| ORD | Purchase | 30 | 65.2350 EUR | ||||
| ORD | Purchase | 30 | 65.2550 EUR | ||||
| ORD | Purchase | 42 | 64.8300 EUR | ||||
| ORD | Purchase | 45 | 65.1650 EUR | ||||
| ORD | Purchase | 50 | 65.2150 EUR | ||||
| ORD | Purchase | 50 | 65.2330 EUR | ||||
| ORD | Purchase | 50 | 65.2490 EUR | ||||
| ORD | Purchase | 50 | 65.2500 EUR | ||||
| ORD | Purchase | 50 | 65.2730 EUR | ||||
| ORD | Purchase | 59 | 64.9000 EUR | ||||
| ORD | Purchase | 64 | 65.1700 EUR | ||||
| ORD | Purchase | 80 | 65.2200 EUR | ||||
| ORD | Purchase | 90 | 64.9211 EUR | ||||
| ORD | Purchase | 135 | 65.2800 EUR | ||||
| ORD | Purchase | 135 | 65.2900 EUR | ||||
| ORD | Purchase | 146 | 65.2940 EUR | ||||
| ORD | Purchase | 148 | 65.4300 EUR | ||||
| ORD | Purchase | 148 | 65.4900 EUR | ||||
| ORD | Purchase | 152 | 65.2400 EUR | ||||
| ORD | Purchase | 161 | 65.1400 EUR | ||||
| ORD | Purchase | 176 | 65.2250 EUR | ||||
| ORD | Purchase | 180 | 64.7800 EUR | ||||
| ORD | Purchase | 257 | 64.8750 EUR | ||||
| ORD | Purchase | 260 | 64.9659 EUR | ||||
| ORD | Purchase | 338 | 65.1613 EUR | ||||
| ORD | Purchase | 403 | 65.2300 EUR | ||||
| ORD | Purchase | 468 | 65.0700 EUR | ||||
| ORD | Purchase | 537 | 64.6700 EUR | ||||
| ORD | Purchase | 744 | 65.2100 EUR | ||||
| ORD | Purchase | 760 | 65.0737 EUR | ||||
| ORD | Purchase | 813 | 65.2103 EUR | ||||
| ORD | Purchase | 1,376 | 65.0762 EUR | ||||
| ORD | Purchase | 2,011 | 65.2293 EUR | ||||
| ORD | Purchase | 3,796 | 65.3800 EUR | ||||
| ORD | Purchase | 4,157 | 64.8900 EUR | ||||
| ORD | Purchase | 4,180 | 64.9529 EUR | ||||
| ORD | Purchase | 4,945 | 65.0555 EUR | ||||
| ORD | Purchase | 5,873 | 64.8988 EUR | ||||
| ORD | Purchase | 7,000 | 64.8954 EUR | ||||
| ORD | Purchase | 7,904 | 17.4748 USD | ||||
| ORD | Purchase | 8,285 | 63.9490 EUR | ||||
| ORD | Purchase | 10,311 | 65.0356 EUR | ||||
| ORD | Purchase | 15,559 | 64.6000 EUR | ||||
| ORD | Purchase | 22,075 | 64.9383 EUR | ||||
| ORD | Purchase | 73,480 | 64.7542 EUR | ||||
| ORD | Purchase | 106,776 | 64.6355 EUR | ||||
| ORD | Purchase | 378,500 | 60.0000 EUR | ||||
| ORD | Purchase | 5,000 | 64.6752 EUR | ||||
| ORD (traded as ADR) | Purchase | 4 | 17.4500 USD | ||||
| ORD (traded as ADR) | Purchase | 49 | 17.4400 USD | ||||
| ORD (traded as ADR) | Purchase | 74 | 17.4900 USD | ||||
| ORD (traded as ADR) | Purchase | 81 | 17.5800 USD | ||||
| ORD (traded as ADR) | Purchase | 980 | 17.5171 USD | ||||
| ORD (traded as ADR) | Purchase | 1,580 | 17.4748 USD | ||||
| ORD (traded as ADR) | Purchase | 2,418 | 17.4700 USD | ||||
| ORD (traded as ADR) | Purchase | 5,220 | 17.4913 USD | ||||
| ORD (traded as ADR) | Sale | 2 | 17.4500 USD | ||||
| ORD (traded as ADR) | Sale | 49 | 17.4400 USD | ||||
| ORD (traded as ADR) | Sale | 74 | 17.4900 USD | ||||
| ORD (traded as ADR) | Sale | 81 | 17.5800 USD | ||||
| ORD (traded as ADR) | Sale | 980 | 17.5171 USD | ||||
| ORD (traded as ADR) | Sale | 1,580 | 17.4748 USD | ||||
| ORD (traded as ADR) | Sale | 2,418 | 17.4700 USD | ||||
| ORD (traded as ADR) | Sale | 5,220 | 17.4913 USD | ||||
| ORD | Sale | 500 | 64.9169 EUR | ||||
| ORD | Sale | 4 | 65.0510 EUR | ||||
| ORD | Sale | 30 | 65.2350 EUR | ||||
| ORD | Sale | 30 | 65.2550 EUR | ||||
| ORD | Sale | 42 | 64.8300 EUR | ||||
| ORD | Sale | 45 | 65.1650 EUR | ||||
| ORD | Sale | 50 | 65.2150 EUR | ||||
| ORD | Sale | 50 | 65.2330 EUR | ||||
| ORD | Sale | 50 | 65.2490 EUR | ||||
| ORD | Sale | 50 | 65.2500 EUR | ||||
| ORD | Sale | 50 | 65.2730 EUR | ||||
| ORD | Sale | 59 | 64.9000 EUR | ||||
| ORD | Sale | 64 | 65.1700 EUR | ||||
| ORD | Sale | 80 | 65.2200 EUR | ||||
| ORD | Sale | 82 | 65.4745 EUR | ||||
| ORD | Sale | 109 | 64.8900 EUR | ||||
| ORD | Sale | 135 | 65.2900 EUR | ||||
| ORD | Sale | 146 | 65.2940 EUR | ||||
| ORD | Sale | 148 | 65.4300 EUR | ||||
| ORD | Sale | 148 | 65.4900 EUR | ||||
| ORD | Sale | 152 | 65.2400 EUR | ||||
| ORD | Sale | 161 | 65.1400 EUR | ||||
| ORD | Sale | 176 | 65.2250 EUR | ||||
| ORD | Sale | 180 | 64.7800 EUR | ||||
| ORD | Sale | 245 | 64.8816 EUR | ||||
| ORD | Sale | 270 | 65.2800 EUR | ||||
| ORD | Sale | 279 | 64.7451 EUR | ||||
| ORD | Sale | 372 | 17.4900 USD | ||||
| ORD | Sale | 403 | 65.2300 EUR | ||||
| ORD | Sale | 468 | 65.0700 EUR | ||||
| ORD | Sale | 537 | 64.6700 EUR | ||||
| ORD | Sale | 568 | 64.9819 EUR | ||||
| ORD | Sale | 744 | 65.2100 EUR | ||||
| ORD | Sale | 745 | 64.9521 EUR | ||||
| ORD | Sale | 1,228 | 65.1153 EUR | ||||
| ORD | Sale | 1,886 | 65.3860 EUR | ||||
| ORD | Sale | 2,531 | 65.1517 EUR | ||||
| ORD | Sale | 2,861 | 65.0924 EUR | ||||
| ORD | Sale | 4,900 | 17.5171 USD | ||||
| ORD | Sale | 5,804 | 65.0218 EUR | ||||
| ORD | Sale | 10,957 | 64.9507 EUR | ||||
| ORD | Sale | 16,517 | 65.0169 EUR | ||||
| ORD | Sale | 20,000 | 64.9348 EUR | ||||
| ORD | Sale | 30,566 | 65.0012 EUR | ||||
| ORD | Sale | 39,431 | 64.6012 EUR | ||||
| ORD | Sale | 45,129 | 64.9290 EUR | ||||
| ORD | Sale | 69,326 | 65.0107 EUR | ||||
| ORD | Sale | 100,000 | 60.0000 EUR | ||||
| ORD | Sale | 140,267 | 64.6000 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 | 693 | 65.3727 EUR | |||||
| ORD | SWAP | Long | 700 | 65.0473 EUR | |||||
| ORD | CFD | Long | 1,579 | 64.8474 EUR | |||||
| ORD | SWAP | Long | 4,354 | 65.0596 EUR | |||||
| ORD | CFD | Long | 115,587 | 65.0051 EUR | |||||
| ORD | SWAP | Short | 100 | 65.2000 EUR | |||||
| ORD | SWAP | Short | 150 | 64.9425 EUR | |||||
| ORD | CFD | Short | 979 | 64.8281 EUR | |||||
| ORD | SWAP | Short | 1,376 | 65.0762 EUR | |||||
| ORD | CFD | Short | 842 | 65.1588 EUR | |||||
| ORD | SWAP | Short | 6,216 | 65.0112 EUR | |||||
| ORD | CFD | Short | 10,311 | 65.0356 EUR | |||||
| ORD | SWAP | Short | 110,000 | 64.6495 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 | 4.6000 EUR | ||||||||
| ORD | Call Options | Selling | 278,500 | 60 EUR | American | 20 Sep 2013 | TRANSFER | ||||||||
| ORD | Call Options | Selling | 100,000 | 60 EUR | American | 20 Sep 2013 | 4.6000 EUR | ||||||||
| ORD | Put Options | Purchasing | 50,000 | 60 EUR | American | 20 Sep 2013 | TRANSFER |
(ii) Exercising
| Class of relevant | Product description | Number of | Exercise price per | ||||
| security | securities | unit | |||||
| ORD | Call Options | 100,000 | 60 EUR |
(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: | 23 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 | Call Options | Purchased | 50,000 | 52.0000 | American | 20 Dec 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 | 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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