10th Oct 2013 12:24
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 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: | 9 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: | 1,506,910 | 0.27% | 1,392,748 | 0.25% | |||||||
| (2) | Derivatives (other than | ||||||||||
| options): | 2,151,380 | 0.38% | 1,321,835 | 0.24% | |||||||
| (3) | Options and agreements to | ||||||||||
| purchase/sell: | 1,115,000 | 0.20% | 1,690,000 | 0.30% | |||||||
| (4) | TOTAL: | ||||||||||
| 4,773,290 | 0.85% | 4,404,583 | 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 | Purchase | 21 | 60.8000 EUR | ||||
| ORD | Purchase | 30 | 60.3250 EUR | ||||
| ORD | Purchase | 34 | 60.4150 EUR | ||||
| ORD | Purchase | 34 | 60.5150 EUR | ||||
| ORD | Purchase | 48 | 60.5100 EUR | ||||
| ORD | Purchase | 49 | 60.5200 EUR | ||||
| ORD | Purchase | 160 | 60.6400 EUR | ||||
| ORD | Purchase | 170 | 60.9600 EUR | ||||
| ORD | Purchase | 173 | 60.8900 EUR | ||||
| ORD | Purchase | 180 | 60.6700 EUR | ||||
| ORD | Purchase | 243 | 60.7000 EUR | ||||
| ORD | Purchase | 248 | 60.9200 EUR | ||||
| ORD | Purchase | 272 | 60.8400 EUR | ||||
| ORD | Purchase | 300 | 60.8833 EUR | ||||
| ORD | Purchase | 484 | 60.5000 EUR | ||||
| ORD | Purchase | 500 | 60.9800 EUR | ||||
| ORD | Purchase | 531 | 60.8800 EUR | ||||
| ORD | Purchase | 588 | 60.8100 EUR | ||||
| ORD | Purchase | 612 | 60.5300 EUR | ||||
| ORD | Purchase | 845 | 60.8874 EUR | ||||
| ORD | Purchase | 1,236 | 60.8057 EUR | ||||
| ORD | Purchase | 1,839 | 60.6393 EUR | ||||
| ORD | Purchase | 1,879 | 60.7800 EUR | ||||
| ORD | Purchase | 2,000 | 60.4305 EUR | ||||
| ORD | Purchase | 2,258 | 60.7437 EUR | ||||
| ORD | Purchase | 3,008 | 60.7634 EUR | ||||
| ORD | Purchase | 4,875 | 60.7826 EUR | ||||
| ORD | Purchase | 6,369 | 60.7674 EUR | ||||
| ORD | Purchase | 7,016 | 60.7426 EUR | ||||
| ORD | Purchase | 12,157 | 60.7222 EUR | ||||
| ORD | Purchase | 19,698 | 60.6741 EUR | ||||
| ORD | Purchase | 29,645 | 60.7491 EUR | ||||
| ORD | Purchase | 33,423 | 60.8197 EUR | ||||
| ORD (traded as ADR) | Purchase | 30 | 16.4900 USD | ||||
| ORD (traded as ADR) | Purchase | 192 | 16.3800 USD | ||||
| ORD (traded as ADR) | Purchase | 405 | 16.4285 USD | ||||
| ORD (traded as ADR) | Sale | 30 | 16.4900 USD | ||||
| ORD (traded as ADR) | Sale | 192 | 16.3800 USD | ||||
| ORD (traded as ADR) | Sale | 405 | 16.4285 USD | ||||
| ORD | Sale | 30 | 60.3250 EUR | ||||
| ORD | Sale | 33 | 60.8221 EUR | ||||
| ORD | Sale | 34 | 60.4150 EUR | ||||
| ORD | Sale | 34 | 60.5150 EUR | ||||
| ORD | Sale | 48 | 60.5100 EUR | ||||
| ORD | Sale | 49 | 60.5200 EUR | ||||
| ORD | Sale | 136 | 60.8400 EUR | ||||
| ORD | Sale | 160 | 60.6400 EUR | ||||
| ORD | Sale | 170 | 60.9600 EUR | ||||
| ORD | Sale | 173 | 60.8900 EUR | ||||
| ORD | Sale | 190 | 60.6700 EUR | ||||
| ORD | Sale | 231 | 60.8000 EUR | ||||
| ORD | Sale | 243 | 60.7000 EUR | ||||
| ORD | Sale | 248 | 60.9200 EUR | ||||
| ORD | Sale | 424 | 60.8800 EUR | ||||
| ORD | Sale | 442 | 60.8839 EUR | ||||
| ORD | Sale | 484 | 60.5000 EUR | ||||
| ORD | Sale | 491 | 60.8111 EUR | ||||
| ORD | Sale | 500 | 60.9800 EUR | ||||
| ORD | Sale | 555 | 60.8222 EUR | ||||
| ORD | Sale | 588 | 60.8100 EUR | ||||
| ORD | Sale | 612 | 60.5300 EUR | ||||
| ORD | Sale | 672 | 60.7666 EUR | ||||
| ORD | Sale | 684 | 60.7759 EUR | ||||
| ORD | Sale | 874 | 60.7592 EUR | ||||
| ORD | Sale | 1,244 | 60.6934 EUR | ||||
| ORD | Sale | 1,828 | 60.7227 EUR | ||||
| ORD | Sale | 2,028 | 16.4285 USD | ||||
| ORD | Sale | 2,048 | 60.7439 EUR | ||||
| ORD | Sale | 2,135 | 60.7844 EUR | ||||
| ORD | Sale | 2,877 | 60.8574 EUR | ||||
| ORD | Sale | 3,563 | 60.8217 EUR | ||||
| ORD | Sale | 4,000 | 60.5124 EUR | ||||
| ORD | Sale | 5,573 | 60.6800 EUR | ||||
| ORD | Sale | 6,369 | 60.7674 EUR | ||||
| ORD | Sale | 9,010 | 60.8778 EUR | ||||
| ORD | Sale | 11,926 | 60.7910 EUR | ||||
| ORD | Sale | 12,294 | 60.8482 EUR | ||||
| ORD | Sale | 12,609 | 60.8190 EUR | ||||
| ORD | Sale | 27,931 | 60.7421 EUR |
(b) Derivatives transactions (other than options)
| Class of | Product | Nature of dealing | Number of | Price per | |||||
| relevant | description | reference | unit | ||||||
| security | securities | ||||||||
| ORD | CFD | Long | 12 | 60.8225 EUR | |||||
| ORD | SWAP | Long | 35 | 60.5531 EUR | |||||
| ORD | SWAP | Long | 1,244 | 60.6934 EUR | |||||
| ORD | SWAP | Long | 1,769 | 60.7577 EUR | |||||
| ORD | SWAP | Long | 2,620 | 60.7489 EUR | |||||
| ORD | SWAP | Long | 2,877 | 60.8574 EUR | |||||
| ORD | SWAP | Long | 3,010 | 60.7682 EUR | |||||
| ORD | SWAP | Long | 9,259 | 60.9316 EUR | |||||
| ORD | SWAP | Long | 10,635 | 60.7672 EUR | |||||
| ORD | CFD | Long | 12,294 | 60.8482 EUR | |||||
| ORD | SWAP | Short | 40 | 60.7935 EUR | |||||
| ORD | CFD | Short | 220 | 60.7933 EUR | |||||
| ORD | SWAP | Short | 500 | 60.6603 EUR | |||||
| ORD | SWAP | Short | 1,800 | 60.7355 EUR | |||||
| ORD | SWAP | Short | 1,908 | 60.6846 EUR | |||||
| ORD | SWAP | Short | 11,307 | 60.6997 EUR | |||||
| ORD | CFD | Short | 47,870 | 60.7844 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: | 10 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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