29th Aug 2013 12:05
Amendment
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 August 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: | 1,339,203 | 0.24% | 949,685 | 0.17% | ||||||
| (2) | Derivatives (other than | |||||||||
| options): | 1,772,162 | 0.32% | 1,434,598 | 0.26% | ||||||
| (3) | Options and agreements to | |||||||||
| purchase/sell: | 1,165,000 | 0.21% | 1,540,000 | 0.27% | ||||||
| (4) | TOTAL: | |||||||||
| 4,276,365 | 0.76% | 3,924,283 | 0.70% |
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 | 145 | 59.0800 EUR | ||||
| ORD | Purchase | 234 | 59.9408 EUR | ||||
| ORD | Purchase | 400 | 59.2011 EUR | ||||
| ORD | Purchase | 408 | 59.0900 EUR | ||||
| ORD | Purchase | 484 | 59.0321 EUR | ||||
| ORD | Purchase | 892 | 59.2923 EUR | ||||
| ORD | Purchase | 1,232 | 58.4800 EUR | ||||
| ORD | Purchase | 1,379 | 59.2941 EUR | ||||
| ORD | Purchase | 2,423 | 59.0164 EUR | ||||
| ORD | Purchase | 3,102 | 59.0562 EUR | ||||
| ORD | Purchase | 3,338 | 59.6511 EUR | ||||
| ORD | Purchase | 4,447 | 59.1000 EUR | ||||
| ORD | Purchase | 5,000 | 58.5500 EUR | ||||
| ORD | Purchase | 5,663 | 58.7140 EUR | ||||
| ORD | Purchase | 5,685 | 58.8716 EUR | ||||
| ORD | Purchase | 6,810 | 58.9115 EUR | ||||
| ORD | Purchase | 8,598 | 59.2202 EUR | ||||
| ORD | Purchase | 10,442 | 58.9506 EUR | ||||
| ORD | Purchase | 13,700 | 58.7024 EUR | ||||
| ORD | Purchase | 15,415 | 59.1693 EUR | ||||
| ORD | Purchase | 26,460 | 58.9783 EUR | ||||
| ORD | Purchase | 49,206 | 58.8283 EUR | ||||
| ORD | Purchase | 54,062 | 59.5800 EUR | ||||
| ORD (traded as ADR) | Purchase | 46 | 15.5500 USD | ||||
| ORD (traded as ADR) | Purchase | 114 | 15.6600 USD | ||||
| ORD (traded as ADR) | Purchase | 143 | 15.5900 USD | ||||
| ORD (traded as ADR) | Sale | 46 | 15.5500 USD | ||||
| ORD (traded as ADR) | Sale | 114 | 15.6600 USD | ||||
| ORD (traded as ADR) | Sale | 143 | 15.5900 USD | ||||
| ORD | Sale | 27 | 58.7700 EUR | ||||
| ORD | Sale | 67 | 58.9026 EUR | ||||
| ORD | Sale | 86 | 58.7247 EUR | ||||
| ORD | Sale | 146 | 59.9254 EUR | ||||
| ORD | Sale | 316 | 59.9793 EUR | ||||
| ORD | Sale | 464 | 60.0282 EUR | ||||
| ORD | Sale | 528 | 58.8207 EUR | ||||
| ORD | Sale | 546 | 58.9315 EUR | ||||
| ORD | Sale | 547 | 59.2322 EUR | ||||
| ORD | Sale | 573 | 15.6600 USD | ||||
| ORD | Sale | 1,180 | 58.7652 EUR | ||||
| ORD | Sale | 1,213 | 59.0831 EUR | ||||
| ORD | Sale | 1,590 | 58.7253 EUR | ||||
| ORD | Sale | 1,840 | 59.0118 EUR | ||||
| ORD | Sale | 2,256 | 59.9183 EUR | ||||
| ORD | Sale | 2,261 | 59.9573 EUR | ||||
| ORD | Sale | 2,508 | 58.9221 EUR | ||||
| ORD | Sale | 3,605 | 59.6837 EUR | ||||
| ORD | Sale | 4,686 | 59.1419 EUR | ||||
| ORD | Sale | 6,217 | 59.0794 EUR | ||||
| ORD | Sale | 7,798 | 59.3373 EUR | ||||
| ORD | Sale | 10,214 | 59.1297 EUR | ||||
| ORD | Sale | 11,006 | 59.3509 EUR | ||||
| ORD | Sale | 13,287 | 58.7137 EUR | ||||
| ORD | Sale | 17,158 | 58.4800 EUR | ||||
| ORD | Sale | 20,000 | 58.7542 EUR | ||||
| ORD | Sale | 26,000 | 58.6707 EUR | ||||
| ORD | Sale | 26,000 | 59.1204 EUR | ||||
| ORD | Sale | 26,463 | 59.1136 EUR | ||||
| ORD | Sale | 35,507 | 59.3481 EUR | ||||
| ORD | Sale | 39,853 | 58.9900 EUR | ||||
| ORD | Sale | 45,081 | 59.1017 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 | 1,142 | 59.2916 EUR | |||||
| ORD | CFD | Long | 1,472 | 59.1639 EUR | |||||
| ORD | SWAP | Long | 5,074 | 58.7603 EUR | |||||
| ORD | CFD | Long | 30,294 | 59.0951 EUR | |||||
| ORD | CFD | Long | 115 | 15.6600 USD | |||||
| ORD | SWAP | Long | 58,217 | 58.9151 EUR | |||||
| ORD | CFD | Short | 485 | 59.7968 EUR | |||||
| ORD | SWAP | Short | 1,331 | 59.2760 EUR | |||||
| ORD | SWAP | Short | 1,518 | 58.6244 EUR | |||||
| ORD | CFD | Short | 2,262 | 59.1011 EUR | |||||
| ORD | SWAP | Short | 19,171 | 58.9691 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: | 29 Aug 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 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 | 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 | 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 |
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
Related Shares:
Barclays