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

30th Sep 2013 12:00

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:		27 September 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:		1,586,666		0.28%		1,600,829		0.29%
(2)		Derivatives (other than
		options):		2,409,623		0.43%		1,473,451		0.26%
(3)		Options and agreements to
		purchase/sell:		1,115,000		0.20%		1,690,000		0.30%
(4)		TOTAL:
				5,111,289		0.91%		4,764,280		0.85%

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		2		64.5700 EUR
ORD		Purchase		29		64.6000 EUR
ORD		Purchase		46		64.1650 EUR
ORD		Purchase		46		64.9350 EUR
ORD		Purchase		59		64.5950 EUR
ORD		Purchase		62		64.8500 EUR
ORD		Purchase		62		64.9150 EUR
ORD		Purchase		77		64.5450 EUR
ORD		Purchase		102		64.5000 EUR
ORD		Purchase		109		64.1900 EUR
ORD		Purchase		109		64.2000 EUR
ORD		Purchase		110		64.4800 EUR
ORD		Purchase		111		64.6200 EUR
ORD		Purchase		112		64.6300 EUR
ORD		Purchase		114		64.0650 EUR
ORD		Purchase		117		64.5600 EUR
ORD		Purchase		138		64.4008 EUR
ORD		Purchase		153		64.5900 EUR
ORD		Purchase		172		64.9200 EUR
ORD		Purchase		197		64.5750 EUR
ORD		Purchase		213		64.3644 EUR
ORD		Purchase		260		64.5500 EUR
ORD		Purchase		326		64.5400 EUR
ORD		Purchase		330		64.4346 EUR
ORD		Purchase		355		64.5402 EUR
ORD		Purchase		466		64.6700 EUR
ORD		Purchase		495		65.2400 EUR
ORD		Purchase		604		64.1200 EUR
ORD		Purchase		690		64.5033 EUR
ORD		Purchase		744		64.9000 EUR
ORD		Purchase		1,024		64.9058 EUR
ORD		Purchase		1,181		64.6400 EUR
ORD		Purchase		3,327		64.5716 EUR
ORD		Purchase		4,293		64.5831 EUR
ORD		Purchase		9,500		17.3223 USD
ORD		Purchase		11,154		64.4222 EUR
ORD		Purchase		12,649		64.5187 EUR
ORD		Purchase		13,292		64.5644 EUR
ORD		Purchase		16,505		64.4328 EUR
ORD		Purchase		25,097		64.6650 EUR
ORD		Purchase		32,751		64.3550 EUR
ORD		Purchase		57,033		64.4714 EUR
ORD		Purchase		1,000		64.6700 EUR
ORD		Purchase		22,471		64.7398 EUR
ORD (traded as ADR)		Purchase		10		17.3611 USD
ORD (traded as ADR)		Purchase		73		17.4500 USD
ORD (traded as ADR)		Purchase		127		TRANSFER
ORD (traded as ADR)		Purchase		1,900		17.3223 USD
ORD (traded as ADR)		Sale		4		17.2000 USD
ORD (traded as ADR)		Sale		6		17.4900 USD
ORD (traded as ADR)		Sale		73		17.4500 USD
ORD (traded as ADR)		Sale		1,900		17.3223 USD
ORD		Sale		2		64.5700 EUR
ORD		Sale		5		64.2400 EUR
ORD		Sale		29		64.6000 EUR
ORD		Sale		31		64.8500 EUR
ORD		Sale		46		64.1650 EUR
ORD		Sale		46		64.9350 EUR
ORD		Sale		59		64.5950 EUR
ORD		Sale		62		64.9150 EUR
ORD		Sale		77		64.5450 EUR
ORD		Sale		102		64.5000 EUR
ORD		Sale		109		64.1900 EUR
ORD		Sale		109		64.2000 EUR
ORD		Sale		110		64.4800 EUR
ORD		Sale		111		64.6200 EUR
ORD		Sale		112		64.6300 EUR
ORD		Sale		114		64.0650 EUR
ORD		Sale		117		64.5600 EUR
ORD		Sale		153		64.5900 EUR
ORD		Sale		172		64.9200 EUR
ORD		Sale		197		64.5750 EUR
ORD		Sale		260		64.5500 EUR
ORD		Sale		304		64.5400 EUR
ORD		Sale		366		17.4500 USD
ORD		Sale		466		64.6700 EUR
ORD		Sale		558		64.5954 EUR
ORD		Sale		604		64.1200 EUR
ORD		Sale		629		64.8332 EUR
ORD		Sale		690		64.5033 EUR
ORD		Sale		744		64.9000 EUR
ORD		Sale		897		64.7874 EUR
ORD		Sale		995		64.5857 EUR
ORD		Sale		1,139		64.5808 EUR
ORD		Sale		1,431		64.6006 EUR
ORD		Sale		1,520		64.6128 EUR
ORD		Sale		1,700		64.3884 EUR
ORD		Sale		1,702		64.6943 EUR
ORD		Sale		2,362		64.5547 EUR
ORD		Sale		2,815		64.6810 EUR
ORD		Sale		3,792		64.6400 EUR
ORD		Sale		4,306		64.4093 EUR
ORD		Sale		5,275		64.7280 EUR
ORD		Sale		8,287		64.6107 EUR
ORD		Sale		8,711		64.6134 EUR
ORD		Sale		10,200		64.4778 EUR
ORD		Sale		23,884		64.6361 EUR
ORD		Sale		25,587		64.5434 EUR
ORD		Sale		186,720		64.3398 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		26		64.4992 EUR
ORD		CFD		Long		79		64.4865 EUR
ORD		SWAP		Long		358		64.6086 EUR
ORD		SWAP		Long		400		64.5660 EUR
ORD		SWAP		Long		837		64.6889 EUR
ORD		SWAP		Long		1,782		64.6566 EUR
ORD		CFD		Long		13,524		64.6702 EUR
ORD		SWAP		Long		186,720		64.3398 EUR
ORD		SWAP		Short		20		64.6585 EUR
ORD		CFD		Short		112		64.7469 EUR
ORD		SWAP		Short		560		64.7472 EUR
ORD		SWAP		Short		4,293		64.5831 EUR
ORD		SWAP		Short		10,217		64.2565 EUR
ORD		SWAP		Short		10,569		64.4351 EUR
ORD		SWAP		Short		17,899		64.4593 EUR
ORD		CFD		Short		12,347		64.2523 EUR
ORD		SWAP		Short		62,423		64.5007 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:		30 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.

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

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

Purchased

100,000

68.0000

American

20 Jun 2014

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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