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

11th Sep 2013 11:47

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:		9 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:		1,309,804		0.24%		778,255		0.14%
(2)		Derivatives (other than
		options):		1,620,403		0.29%		1,339,036		0.24%
(3)		Options and agreements to
		purchase/sell:		1,293,500		0.23%		1,840,000		0.33%
(4)		TOTAL:
				4,223,707		0.76%		3,957,291		0.71%

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		13		61.5050 EUR
ORD		Purchase		72		61.3450 EUR
ORD		Purchase		220		61.4869 EUR
ORD		Purchase		577		61.6000 EUR
ORD		Purchase		947		61.2419 EUR
ORD		Purchase		1,492		61.3098 EUR
ORD		Purchase		1,946		61.5178 EUR
ORD		Purchase		1,988		61.5417 EUR
ORD		Purchase		2,545		61.5233 EUR
ORD		Purchase		2,674		61.5539 EUR
ORD		Purchase		3,043		61.5087 EUR
ORD		Purchase		3,296		61.6563 EUR
ORD		Purchase		3,297		61.3327 EUR
ORD		Purchase		3,327		61.3019 EUR
ORD		Purchase		4,987		61.5216 EUR
ORD		Purchase		18,311		61.3898 EUR
ORD		Purchase		27,639		61.5292 EUR
ORD		Purchase		28,734		61.4555 EUR
ORD		Purchase		101		61.6000 EUR
ORD (traded as ADR)		Purchase		15		16.3300 USD
ORD (traded as ADR)		Purchase		20		16.2500 USD
ORD (traded as ADR)		Purchase		131		16.4200 USD
ORD (traded as ADR)		Purchase		335		16.3653 USD
ORD (traded as ADR)		Sale		20		16.2500 USD
ORD (traded as ADR)		Sale		101		16.2130 USD
ORD (traded as ADR)		Sale		131		16.4200 USD
ORD (traded as ADR)		Sale		202		16.3300 USD
ORD		Sale		349		61.4800 EUR
ORD		Sale		20		61.5500 EUR
ORD		Sale		38		61.3300 EUR
ORD		Sale		92		61.3084 EUR
ORD		Sale		100		16.2500 USD
ORD		Sale		147		61.3000 EUR
ORD		Sale		262		61.2400 EUR
ORD		Sale		275		61.3673 EUR
ORD		Sale		896		61.2825 EUR
ORD		Sale		1,206		61.4309 EUR
ORD		Sale		1,232		61.6180 EUR
ORD		Sale		1,259		61.6147 EUR
ORD		Sale		1,327		61.2857 EUR
ORD		Sale		1,600		61.5878 EUR
ORD		Sale		2,180		61.5545 EUR
ORD		Sale		2,298		61.3592 EUR
ORD		Sale		2,888		61.5676 EUR
ORD		Sale		3,347		61.5305 EUR
ORD		Sale		3,436		61.6069 EUR
ORD		Sale		3,664		61.4202 EUR
ORD		Sale		3,747		61.4514 EUR
ORD		Sale		4,432		61.5653 EUR
ORD		Sale		5,700		61.6351 EUR
ORD		Sale		10,700		61.4821 EUR
ORD		Sale		13,961		61.4378 EUR
ORD		Sale		15,805		61.5254 EUR
ORD		Sale		17,100		61.3683 EUR
ORD		Sale		19,273		61.6078 EUR
ORD		Sale		25,785		61.6055 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		422		61.7983 EUR
ORD		CFD		Long		1,259		61.6147 EUR
ORD		SWAP		Long		1,600		61.5878 EUR
ORD		SWAP		Long		3,385		61.6040 EUR
ORD		SWAP		Long		5,783		61.6333 EUR
ORD		SWAP		Long		7,200		61.6045 EUR
ORD		CFD		Long		10,983		61.6071 EUR
ORD		CFD		Long		20		16.2500 USD
ORD		SWAP		Long		26,421		61.6012 EUR
ORD		SWAP		Short		408		61.4022 EUR
ORD		SWAP		Short		497		61.1781 EUR
ORD		CFD		Short		631		61.4949 EUR
ORD		SWAP		Short		701		61.5529 EUR
ORD		CFD		Short		640		61.2790 EUR
ORD		SWAP		Short		1,491		61.5070 EUR
ORD		SWAP		Short		1,988		61.5417 EUR
ORD		SWAP		Short		3,554		61.2628 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:		11 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.

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

278,500

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

-100,000

60.0000

American

20 Sep 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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