Form 8.5 (EPT/NON-RI) - Schneider Electric SA - AMENDMENT

23rd Oct 2013 15:04

FORM 8.5 (EPT/NON-RI) - AMENDMENT

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:		18 October 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:		1,594,425		0.29%		1,371,352		0.24%
(2)		Derivatives (other than
		options):		2,160,750		0.39%		1,438,745		0.26%
(3)		Options and agreements to
		purchase/sell:		1,115,000		0.20%		1,590,000		0.28%
(4)		TOTAL:
				4,870,175		0.87%		4,400,097		0.79%

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 (traded as ADR)		Purchase		1		16.9400 USD
ORD		Purchase		28		61.1400 EUR
ORD (traded as ADR)		Purchase		28		17.0000 USD
ORD		Purchase		30		61.2540 EUR
ORD		Purchase		30		61.8450 EUR
ORD		Purchase		31		61.0630 EUR
ORD		Purchase		35		61.0680 EUR
ORD		Purchase		52		61.2050 EUR
ORD		Purchase		55		62.0190 EUR
ORD		Purchase		66		61.0690 EUR
ORD		Purchase		85		61.9900 EUR
ORD		Purchase		88		61.4450 EUR
ORD		Purchase		89		61.4750 EUR
ORD		Purchase		98		62.0100 EUR
ORD		Purchase		98		62.0500 EUR
ORD		Purchase		100		61.8800 EUR
ORD		Purchase		146		61.3800 EUR
ORD		Purchase		159		61.2550 EUR
ORD		Purchase		170		61.4500 EUR
ORD		Purchase		184		61.1062 EUR
ORD		Purchase		210		61.1172 EUR
ORD		Purchase		398		62.0200 EUR
ORD		Purchase		400		62.0400 EUR
ORD		Purchase		453		61.8700 EUR
ORD		Purchase		466		61.9302 EUR
ORD		Purchase		549		62.0300 EUR
ORD		Purchase		604		62.0000 EUR
ORD		Purchase		605		61.4400 EUR
ORD		Purchase		683		61.9492 EUR
ORD		Purchase		746		61.9583 EUR
ORD		Purchase		750		61.4952 EUR
ORD		Purchase		1,134		61.5451 EUR
ORD		Purchase		1,190		60.9881 EUR
ORD		Purchase		1,406		61.2500 EUR
ORD		Purchase		1,757		61.3968 EUR
ORD		Purchase		2,500		61.9484 EUR
ORD		Purchase		2,547		61.3234 EUR
ORD		Purchase		2,619		61.1143 EUR
ORD		Purchase		3,186		61.1760 EUR
ORD		Purchase		3,800		62.0234 EUR
ORD		Purchase		3,879		61.5239 EUR
ORD		Purchase		5,080		61.7500 EUR
ORD		Purchase		7,980		61.2522 EUR
ORD		Purchase		9,463		61.1219 EUR
ORD		Purchase		12,159		61.1228 EUR
ORD		Purchase		12,232		61.9105 EUR
ORD		Purchase		18,474		61.5058 EUR
ORD		Purchase		19,460		62.2000 EUR
ORD		Purchase		27,000		61.1200 EUR
ORD		Purchase		37,612		61.7684 EUR
ORD (traded as ADR)		Sale		1		16.9400 USD
ORD (traded as ADR)		Sale		28		17.0000 USD
ORD		Sale		28		61.1400 EUR
ORD		Sale		30		61.2540 EUR
ORD		Sale		30		61.8450 EUR
ORD		Sale		31		61.0630 EUR
ORD		Sale		35		61.0680 EUR
ORD		Sale		49		62.0250 EUR
ORD		Sale		52		61.2050 EUR
ORD		Sale		55		62.0190 EUR
ORD		Sale		66		61.0690 EUR
ORD		Sale		85		61.9900 EUR
ORD		Sale		88		61.4450 EUR
ORD		Sale		89		61.4750 EUR
ORD		Sale		98		62.0100 EUR
ORD		Sale		98		62.0500 EUR
ORD		Sale		128		62.0019 EUR
ORD		Sale		159		61.2550 EUR
ORD		Sale		170		61.4500 EUR
ORD		Sale		200		61.8800 EUR
ORD		Sale		282		60.7900 EUR
ORD		Sale		400		62.0400 EUR
ORD		Sale		408		62.0200 EUR
ORD		Sale		453		61.8700 EUR
ORD		Sale		549		62.0300 EUR
ORD		Sale		604		62.0000 EUR
ORD		Sale		605		61.4400 EUR
ORD		Sale		605		61.6691 EUR
ORD		Sale		700		61.8700 EUR
ORD		Sale		783		61.8319 EUR
ORD		Sale		1,315		61.5668 EUR
ORD		Sale		1,406		61.2500 EUR
ORD		Sale		1,636		60.9625 EUR
ORD		Sale		1,996		61.9459 EUR
ORD		Sale		2,334		61.6725 EUR
ORD		Sale		2,800		61.8150 EUR
ORD		Sale		3,095		61.8679 EUR
ORD		Sale		3,250		62.0142 EUR
ORD		Sale		3,449		61.6447 EUR
ORD		Sale		4,260		61.4038 EUR
ORD		Sale		4,340		61.7945 EUR
ORD		Sale		4,560		61.9976 EUR
ORD		Sale		5,100		61.8340 EUR
ORD		Sale		5,958		61.7806 EUR
ORD		Sale		11,040		61.8524 EUR
ORD		Sale		11,487		61.7540 EUR
ORD		Sale		21,473		62.0324 EUR
ORD		Sale		22,568		61.0600 EUR
ORD		Sale		35,723		61.8183 EUR
ORD		Sale		101,181		62.2000 EUR

(b) Derivatives transactions (other than options)

Product		Nature of dealing		Number of		Price per
description				reference		unit
				securities
SWAP		Long		525		61.1067 EUR
SWAP		Long		838		61.5323 EUR
SWAP		Long		2,863		61.7724 EUR
SWAP		Long		3,722		62.1023 EUR
SWAP		Long		7,038		61.8146 EUR
SWAP		Long		7,263		61.8113 EUR
SWAP		Long		12,273		61.8400 EUR
CFD		Short		325		61.1579 EUR
SWAP		Short		539		61.0036 EUR
SWAP		Short		1,657		61.1545 EUR
SWAP		Short		3,053		61.1767 EUR
SWAP		Short		6,846		61.1586 EUR
CFD		Short		7,980		61.2522 EUR
SWAP		Short		13,089		61.1296 EUR
SWAP		Short		27,000		61.1200 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:		23 Oct 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

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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