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

16th Oct 2013 14:13

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:		14 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:		1,545,634		0.28%		1,403,267		0.25%
(2)		Derivatives (other than
		options):		2,158,131		0.38%		1,320,233		0.24%
(3)		Options and agreements to
		purchase/sell:		1,115,000		0.20%		1,690,000		0.30%
(4)		TOTAL:
				4,818,765		0.87%		4,413,500		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		2		16.8600 USD
ORD		Purchase		9		61.8760 EUR
ORD (traded as ADR)		Purchase		21		16.9530 USD
ORD		Purchase		29		61.9660 EUR
ORD		Purchase		30		61.9150 EUR
ORD		Purchase		36		61.9560 EUR
ORD		Purchase		40		61.9480 EUR
ORD		Purchase		40		62.0160 EUR
ORD		Purchase		49		61.8975 EUR
ORD		Purchase		55		61.9940 EUR
ORD		Purchase		63		61.8950 EUR
ORD		Purchase		66		61.8700 EUR
ORD		Purchase		68		61.9510 EUR
ORD		Purchase		68		61.9550 EUR
ORD		Purchase		68		62.0250 EUR
ORD		Purchase		68		62.0450 EUR
ORD		Purchase		71		61.9650 EUR
ORD		Purchase		136		61.9450 EUR
ORD		Purchase		139		61.8300 EUR
ORD		Purchase		139		62.0800 EUR
ORD (traded as ADR)		Purchase		142		16.8700 USD
ORD		Purchase		156		61.8900 EUR
ORD		Purchase		181		61.9410 EUR
ORD		Purchase		181		62.0210 EUR
ORD		Purchase		181		62.1000 EUR
ORD		Purchase		190		62.2200 EUR
ORD		Purchase		197		61.9813 EUR
ORD (traded as ADR)		Purchase		218		16.8192 USD
ORD		Purchase		233		62.0080 EUR
ORD		Purchase		249		62.0350 EUR
ORD		Purchase		272		61.9950 EUR
ORD		Purchase		304		62.0140 EUR
ORD		Purchase		332		61.9100 EUR
ORD		Purchase		347		61.8500 EUR
ORD		Purchase		423		61.9712 EUR
ORD		Purchase		424		61.9710 EUR
ORD		Purchase		500		62.0400 EUR
ORD		Purchase		568		61.9750 EUR
ORD		Purchase		575		61.8600 EUR
ORD		Purchase		612		62.0100 EUR
ORD		Purchase		614		61.8800 EUR
ORD		Purchase		709		61.9010 EUR
ORD		Purchase		792		62.0200 EUR
ORD		Purchase		833		62.0700 EUR
ORD		Purchase		834		61.9300 EUR
ORD		Purchase		841		61.8400 EUR
ORD		Purchase		967		62.0600 EUR
ORD		Purchase		1,064		61.9000 EUR
ORD		Purchase		1,126		61.9413 EUR
ORD		Purchase		1,240		61.9500 EUR
ORD		Purchase		1,276		61.9900 EUR
ORD		Purchase		1,307		61.9400 EUR
ORD		Purchase		1,308		61.9600 EUR
ORD		Purchase		1,321		61.9200 EUR
ORD		Purchase		1,699		61.9800 EUR
ORD		Purchase		2,117		61.9372 EUR
ORD		Purchase		2,610		61.8943 EUR
ORD		Purchase		2,884		61.9700 EUR
ORD		Purchase		4,482		61.9172 EUR
ORD		Purchase		4,651		62.0059 EUR
ORD		Purchase		5,943		61.9093 EUR
ORD		Purchase		6,730		61.9250 EUR
ORD		Purchase		9,879		61.9558 EUR
ORD		Purchase		10,765		62.0000 EUR
ORD		Purchase		11,223		61.9996 EUR
ORD		Purchase		13,128		61.9625 EUR
ORD		Purchase		14,907		61.8871 EUR
ORD		Purchase		22,275		61.9573 EUR
ORD		Purchase		24,627		61.9197 EUR
ORD		Purchase		59,640		62.0120 EUR
ORD (traded as ADR)		Sale		2		16.8600 USD
ORD (traded as ADR)		Sale		7		16.9200 USD
ORD		Sale		9		61.8760 EUR
ORD (traded as ADR)		Sale		14		16.9700 USD
ORD		Sale		29		61.9660 EUR
ORD		Sale		30		61.9150 EUR
ORD		Sale		36		61.9560 EUR
ORD		Sale		40		61.9480 EUR
ORD		Sale		40		62.0160 EUR
ORD		Sale		55		61.9940 EUR
ORD		Sale		63		61.8950 EUR
ORD		Sale		66		61.8700 EUR
ORD		Sale		68		61.9510 EUR
ORD		Sale		68		61.9550 EUR
ORD		Sale		68		62.0250 EUR
ORD		Sale		68		62.0450 EUR
ORD		Sale		71		61.9650 EUR
ORD		Sale		136		61.9450 EUR
ORD		Sale		139		62.0800 EUR
ORD (traded as ADR)		Sale		142		16.8700 USD
ORD		Sale		161		61.8875 EUR
ORD		Sale		181		61.9410 EUR
ORD		Sale		181		62.0210 EUR
ORD		Sale		181		62.1000 EUR
ORD		Sale		197		61.9813 EUR
ORD		Sale		198		62.0050 EUR
ORD (traded as ADR)		Sale		218		16.8192 USD
ORD		Sale		233		62.0080 EUR
ORD		Sale		249		62.0350 EUR
ORD		Sale		272		61.9950 EUR
ORD		Sale		278		61.8300 EUR
ORD		Sale		304		62.0140 EUR
ORD		Sale		332		61.9100 EUR
ORD		Sale		347		61.8500 EUR
ORD		Sale		349		61.8853 EUR
ORD		Sale		424		61.9710 EUR
ORD		Sale		426		61.8792 EUR
ORD		Sale		428		62.2298 EUR
ORD		Sale		477		61.8735 EUR
ORD		Sale		500		62.0400 EUR
ORD		Sale		518		61.8969 EUR
ORD		Sale		568		61.9750 EUR
ORD		Sale		575		61.8600 EUR
ORD		Sale		612		62.0100 EUR
ORD		Sale		614		61.8800 EUR
ORD		Sale		622		62.1884 EUR
ORD		Sale		709		61.9010 EUR
ORD		Sale		792		62.0200 EUR
ORD		Sale		817		62.0600 EUR
ORD		Sale		833		62.0700 EUR
ORD		Sale		834		61.9300 EUR
ORD		Sale		841		61.8400 EUR
ORD		Sale		905		62.0840 EUR
ORD		Sale		1,064		61.9000 EUR
ORD		Sale		1,092		16.8192 USD
ORD		Sale		1,240		61.9500 EUR
ORD		Sale		1,276		61.9900 EUR
ORD		Sale		1,307		61.9400 EUR
ORD		Sale		1,308		61.9600 EUR
ORD		Sale		1,321		61.9200 EUR
ORD		Sale		1,699		61.9800 EUR
ORD		Sale		2,117		61.9371 EUR
ORD		Sale		2,136		62.0487 EUR
ORD		Sale		2,681		61.9871 EUR
ORD		Sale		3,028		61.9817 EUR
ORD		Sale		3,980		61.9741 EUR
ORD		Sale		4,211		61.8951 EUR
ORD		Sale		4,970		61.9700 EUR
ORD		Sale		5,397		62.1290 EUR
ORD		Sale		7,643		61.9328 EUR
ORD		Sale		10,073		62.2200 EUR
ORD		Sale		10,765		62.0000 EUR
ORD		Sale		27,987		62.0141 EUR
ORD		Sale		31,676		61.8900 EUR
ORD		Sale		34,950		62.0412 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		8		61.9562 EUR
ORD		SWAP		Long		49		61.9981 EUR
ORD		SWAP		Long		161		61.8875 EUR
ORD		SWAP		Long		241		62.0531 EUR
ORD		SWAP		Long		400		62.2906 EUR
ORD		SWAP		Long		477		61.8735 EUR
ORD		SWAP		Long		573		62.2047 EUR
ORD		SWAP		Long		820		62.0948 EUR
ORD		SWAP		Long		970		62.1889 EUR
ORD		CFD		Long		3,780		61.9028 EUR
ORD		SWAP		Long		4,891		62.1741 EUR
ORD		CFD		Short		200		61.9758 EUR
ORD		SWAP		Short		341		61.9473 EUR
ORD		SWAP		Short		452		61.9919 EUR
ORD		SWAP		Short		1,791		61.9896 EUR
ORD		SWAP		Short		4,199		62.0074 EUR
ORD		SWAP		Short		5,205		61.9094 EUR
ORD		SWAP		Short		6,795		61.9255 EUR
ORD		CFD		Short		10,840		61.8699 EUR
ORD		SWAP		Short		24,787		61.9178 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:		16 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

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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Related Shares:

Barclays