9th Oct 2013 12:13
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 relevant securities this form relates: Use a separate form for each offeror/offeree | SCHNEIDER ELECTRIC SA | |
| (c) Name of the party to the offer with which exempt principal trader is connected: | Advisor to Offeree | |
| (d) Date position held/dealing undertaken: | 7 Oct 2013 | |
| (e) Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer? | YES: INVENSYS PLC |
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: | 1,554,934 | 0.28% | 1,440,102 | 0.26% | |||||||
| (2) | Derivatives (other than | ||||||||||
| options): | 2,199,352 | 0.39% | 1,344,600 | 0.24% | |||||||
| (3) | Options and agreements to | ||||||||||
| purchase/sell: | 1,115,000 | 0.20% | 1,690,000 | 0.30% | |||||||
| (4) | TOTAL: | ||||||||||
| 4,869,286 | 0.87% | 4,474,702 | 0.80% |
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 | 11 | 60.4150 EUR | ||||||
| ORD | Purchase | 18 | 60.1200 EUR | ||||||
| ORD | Purchase | 24 | 59.9750 EUR | ||||||
| ORD | Purchase | 24 | 59.9850 EUR | ||||||
| ORD | Purchase | 24 | 60.7960 EUR | ||||||
| ORD | Purchase | 27 | 60.0400 EUR | ||||||
| ORD | Purchase | 39 | 61.0500 EUR | ||||||
| ORD | Purchase | 40 | 59.8850 EUR | ||||||
| ORD | Purchase | 40 | 59.8950 EUR | ||||||
| ORD | Purchase | 41 | 60.6340 EUR | ||||||
| ORD | Purchase | 43 | 60.0000 EUR | ||||||
| ORD | Purchase | 43 | 61.1590 EUR | ||||||
| ORD | Purchase | 44 | 60.0800 EUR | ||||||
| ORD | Purchase | 46 | 60.0600 EUR | ||||||
| ORD | Purchase | 52 | 60.4800 EUR | ||||||
| ORD | Purchase | 56 | 60.9050 EUR | ||||||
| ORD | Purchase | 57 | 60.6500 EUR | ||||||
| ORD | Purchase | 59 | 60.0250 EUR | ||||||
| ORD | Purchase | 68 | 60.8950 EUR | ||||||
| ORD | Purchase | 68 | 61.0150 EUR | ||||||
| ORD | Purchase | 90 | 60.0200 EUR | ||||||
| ORD | Purchase | 94 | 61.1600 EUR | ||||||
| ORD | Purchase | 98 | 60.0830 EUR | ||||||
| ORD | Purchase | 98 | 60.4900 EUR | ||||||
| ORD | Purchase | 98 | 60.8500 EUR | ||||||
| ORD | Purchase | 98 | 60.9100 EUR | ||||||
| ORD | Purchase | 98 | 60.9150 EUR | ||||||
| ORD | Purchase | 98 | 60.9300 EUR | ||||||
| ORD | Purchase | 98 | 61.0650 EUR | ||||||
| ORD | Purchase | 99 | 61.1500 EUR | ||||||
| ORD | Purchase | 102 | 61.0050 EUR | ||||||
| ORD | Purchase | 104 | 60.4100 EUR | ||||||
| ORD | Purchase | 115 | 59.9800 EUR | ||||||
| ORD | Purchase | 120 | 60.9210 EUR | ||||||
| ORD | Purchase | 124 | 60.8800 EUR | ||||||
| ORD | Purchase | 137 | 60.4200 EUR | ||||||
| ORD | Purchase | 138 | 59.9000 EUR | ||||||
| ORD | Purchase | 138 | 60.9500 EUR | ||||||
| ORD | Purchase | 140 | 61.0210 EUR | ||||||
| ORD | Purchase | 145 | 60.4600 EUR | ||||||
| ORD | Purchase | 160 | 60.4300 EUR | ||||||
| ORD | Purchase | 163 | 61.1400 EUR | ||||||
| ORD | Purchase | 174 | 60.9600 EUR | ||||||
| ORD | Purchase | 179 | 60.8000 EUR | ||||||
| ORD | Purchase | 180 | 59.9900 EUR | ||||||
| ORD | Purchase | 197 | 60.4652 EUR | ||||||
| ORD | Purchase | 200 | 60.1400 EUR | ||||||
| ORD | Purchase | 222 | 60.9700 EUR | ||||||
| ORD | Purchase | 288 | 60.9900 EUR | ||||||
| ORD | Purchase | 293 | 60.9800 EUR | ||||||
| ORD | Purchase | 299 | 60.9400 EUR | ||||||
| ORD | Purchase | 302 | 61.0600 EUR | ||||||
| ORD | Purchase | 328 | 60.4400 EUR | ||||||
| ORD | Purchase | 341 | 60.9000 EUR | ||||||
| ORD | Purchase | 343 | 60.9350 EUR | ||||||
| ORD | Purchase | 354 | 60.5100 EUR | ||||||
| ORD | Purchase | 364 | 59.8800 EUR | ||||||
| ORD | Purchase | 419 | 60.9200 EUR | ||||||
| ORD | Purchase | 444 | 60.7400 EUR | ||||||
| ORD | Purchase | 492 | 61.1900 EUR | ||||||
| ORD | Purchase | 500 | 60.7700 EUR | ||||||
| ORD | Purchase | 683 | 61.0200 EUR | ||||||
| ORD | Purchase | 801 | 61.0000 EUR | ||||||
| ORD | Purchase | 1,290 | 59.9758 EUR | ||||||
| ORD | Purchase | 1,290 | 60.6269 EUR | ||||||
| ORD | Purchase | 1,300 | 59.9048 EUR | ||||||
| ORD | Purchase | 1,312 | 61.1406 EUR | ||||||
| ORD | Purchase | 1,542 | 60.1739 EUR | ||||||
| ORD | Purchase | 1,576 | 61.0300 EUR | ||||||
| ORD | Purchase | 1,776 | 60.7804 EUR | ||||||
| ORD | Purchase | 2,003 | 60.8693 EUR | ||||||
| ORD | Purchase | 3,466 | 60.8452 EUR | ||||||
| ORD | Purchase | 3,680 | 59.9305 EUR | ||||||
| ORD | Purchase | 3,723 | 60.6039 EUR | ||||||
| ORD | Purchase | 4,953 | 60.8694 EUR | ||||||
| ORD | Purchase | 9,295 | 60.1125 EUR | ||||||
| ORD | Purchase | 10,230 | 60.0912 EUR | ||||||
| ORD | Purchase | 22,677 | 60.5678 EUR | ||||||
| ORD | Purchase | 22,703 | 60.8600 EUR | ||||||
| ORD | Purchase | 27,692 | 60.3475 EUR | ||||||
| ORD | Purchase | 31,671 | 60.6344 EUR | ||||||
| ORD | Purchase | 5 | 60.6700 EUR | ||||||
| ORD | Purchase | 766 | 61.0037 EUR | ||||||
| ORD | Purchase | 2,189 | 60.9450 EUR | ||||||
| ORD (traded as ADR) | Purchase | 171 | 16.6100 USD | ||||||
| ORD (traded as ADR) | Purchase | 449 | 16.5704 USD | ||||||
| ORD (traded as ADR) | Sale | 169 | 16.6100 USD | ||||||
| ORD (traded as ADR) | Sale | 449 | 16.5704 USD | ||||||
| ORD | Sale | 95 | 60.6700 EUR | ||||||
| ORD | Sale | 603 | 60.7998 EUR | ||||||
| ORD | Sale | 3,870 | 60.5577 EUR | ||||||
| ORD | Sale | 11 | 60.4150 EUR | ||||||
| ORD | Sale | 18 | 60.1200 EUR | ||||||
| ORD | Sale | 24 | 59.9750 EUR | ||||||
| ORD | Sale | 24 | 59.9850 EUR | ||||||
| ORD | Sale | 24 | 60.7960 EUR | ||||||
| ORD | Sale | 27 | 60.0400 EUR | ||||||
| ORD | Sale | 39 | 61.0500 EUR | ||||||
| ORD | Sale | 40 | 59.8850 EUR | ||||||
| ORD | Sale | 40 | 59.8950 EUR | ||||||
| ORD | Sale | 41 | 60.6340 EUR | ||||||
| ORD | Sale | 43 | 60.0000 EUR | ||||||
| ORD | Sale | 43 | 61.1590 EUR | ||||||
| ORD | Sale | 44 | 60.0800 EUR | ||||||
| ORD | Sale | 52 | 60.4800 EUR | ||||||
| ORD | Sale | 56 | 60.9050 EUR | ||||||
| ORD | Sale | 57 | 60.6500 EUR | ||||||
| ORD | Sale | 59 | 60.0250 EUR | ||||||
| ORD | Sale | 64 | 61.1600 EUR | ||||||
| ORD | Sale | 68 | 60.8950 EUR | ||||||
| ORD | Sale | 68 | 61.0150 EUR | ||||||
| ORD | Sale | 90 | 60.0200 EUR | ||||||
| ORD | Sale | 98 | 60.0830 EUR | ||||||
| ORD | Sale | 98 | 60.4900 EUR | ||||||
| ORD | Sale | 98 | 60.8500 EUR | ||||||
| ORD | Sale | 98 | 60.9100 EUR | ||||||
| ORD | Sale | 98 | 60.9150 EUR | ||||||
| ORD | Sale | 98 | 60.9300 EUR | ||||||
| ORD | Sale | 98 | 61.0650 EUR | ||||||
| ORD | Sale | 99 | 61.1500 EUR | ||||||
| ORD | Sale | 102 | 61.0050 EUR | ||||||
| ORD | Sale | 104 | 60.4100 EUR | ||||||
| ORD | Sale | 115 | 59.9800 EUR | ||||||
| ORD | Sale | 120 | 60.9210 EUR | ||||||
| ORD | Sale | 124 | 60.8800 EUR | ||||||
| ORD | Sale | 135 | 60.8600 EUR | ||||||
| ORD | Sale | 137 | 60.4200 EUR | ||||||
| ORD | Sale | 138 | 59.9000 EUR | ||||||
| ORD | Sale | 138 | 60.9500 EUR | ||||||
| ORD | Sale | 140 | 61.0210 EUR | ||||||
| ORD | Sale | 145 | 60.4600 EUR | ||||||
| ORD | Sale | 160 | 60.4300 EUR | ||||||
| ORD | Sale | 163 | 61.1400 EUR | ||||||
| ORD | Sale | 174 | 60.9600 EUR | ||||||
| ORD | Sale | 179 | 60.8000 EUR | ||||||
| ORD | Sale | 200 | 60.1400 EUR | ||||||
| ORD | Sale | 222 | 60.9700 EUR | ||||||
| ORD | Sale | 231 | 59.9260 EUR | ||||||
| ORD | Sale | 288 | 60.9900 EUR | ||||||
| ORD | Sale | 299 | 60.9400 EUR | ||||||
| ORD | Sale | 301 | 60.5334 EUR | ||||||
| ORD | Sale | 302 | 61.0600 EUR | ||||||
| ORD | Sale | 328 | 60.4400 EUR | ||||||
| ORD | Sale | 341 | 60.9000 EUR | ||||||
| ORD | Sale | 343 | 60.9350 EUR | ||||||
| ORD | Sale | 354 | 60.5100 EUR | ||||||
| ORD | Sale | 364 | 59.8800 EUR | ||||||
| ORD | Sale | 419 | 60.9200 EUR | ||||||
| ORD | Sale | 444 | 60.7400 EUR | ||||||
| ORD | Sale | 464 | 60.3725 EUR | ||||||
| ORD | Sale | 492 | 61.1900 EUR | ||||||
| ORD | Sale | 500 | 60.7700 EUR | ||||||
| ORD | Sale | 540 | 60.7138 EUR | ||||||
| ORD | Sale | 655 | 61.0200 EUR | ||||||
| ORD | Sale | 680 | 60.3429 EUR | ||||||
| ORD | Sale | 801 | 61.0000 EUR | ||||||
| ORD | Sale | 914 | 60.1219 EUR | ||||||
| ORD | Sale | 979 | 60.6821 EUR | ||||||
| ORD | Sale | 1,290 | 59.9758 EUR | ||||||
| ORD | Sale | 1,290 | 60.6269 EUR | ||||||
| ORD | Sale | 1,314 | 60.7151 EUR | ||||||
| ORD | Sale | 1,450 | 60.1815 EUR | ||||||
| ORD | Sale | 1,576 | 61.0300 EUR | ||||||
| ORD | Sale | 1,654 | 60.1037 EUR | ||||||
| ORD | Sale | 2,123 | 60.5858 EUR | ||||||
| ORD | Sale | 2,247 | 16.5704 USD | ||||||
| ORD | Sale | 2,974 | 60.3445 EUR | ||||||
| ORD | Sale | 3,169 | 60.3350 EUR | ||||||
| ORD | Sale | 5,433 | 60.8717 EUR | ||||||
| ORD | Sale | 6,946 | 60.9800 EUR | ||||||
| ORD | Sale | 7,794 | 60.6519 EUR | ||||||
| ORD | Sale | 13,075 | 60.3950 EUR | ||||||
| ORD | Sale | 23,767 | 60.6261 EUR | ||||||
| ORD | Sale | 26,709 | 60.5758 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 | 300 | 60.0410 EUR | |||||
| ORD | SWAP | Long | 914 | 60.1219 EUR | |||||
| ORD | SWAP | Long | 1,654 | 60.1037 EUR | |||||
| ORD | SWAP | Long | 5,433 | 60.8717 EUR | |||||
| ORD | SWAP | Long | 6,299 | 60.7480 EUR | |||||
| ORD | CFD | Long | 6,653 | 60.9800 EUR | |||||
| ORD | SWAP | Long | 8,226 | 60.0866 EUR | |||||
| ORD | CFD | Long | 449 | 16.5704 USD | |||||
| ORD | SWAP | Short | 100 | 59.8306 EUR | |||||
| ORD | CFD | Short | 112 | 60.5351 EUR | |||||
| ORD | SWAP | Short | 1,267 | 59.9010 EUR | |||||
| ORD | SWAP | Short | 1,850 | 60.0154 EUR | |||||
| ORD | SWAP | Short | 5,492 | 59.9361 EUR | |||||
| ORD | CFD | Short | 9,295 | 60.1125 EUR | |||||
| ORD | CFD | Short | 31,263 | 60.3502 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: | 9 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 person whose open positions are being disclosed: | BARCLAYS CAPITAL SECURITIES LTD | |
| Name of offeror/offeree in relation to whose relevant securities the disclosure relates: | SCHNEIDER ELECTRIC SA |
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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