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

9th Dec 2013 13:00

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:		6 December 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:		1,784,741		0.32%		1,456,065		0.26%
(2)		Derivatives (other than
		options):		2,227,508		0.40%		1,452,976		0.26%
(3)		Options and agreements to
		purchase/sell:		1,483,300		0.26%		1,515,000		0.27%
		TOTAL:
				5,495,549		0.98%		4,424,041		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		9		58.3610 EUR
ORD		Purchase		23		59.3800 EUR
ORD		Purchase		23		59.4820 EUR
ORD		Purchase		24		59.5500 EUR
ORD		Purchase		28		58.5350 EUR
ORD		Purchase		28		58.5870 EUR
ORD		Purchase		30		58.6500 EUR
ORD		Purchase		32		58.6010 EUR
ORD		Purchase		32		59.3450 EUR
ORD		Purchase		32		59.3950 EUR
ORD		Purchase		34		58.6850 EUR
ORD		Purchase		37		58.3500 EUR
ORD		Purchase		39		59.4380 EUR
ORD		Purchase		40		59.3700 EUR
ORD		Purchase		46		58.7120 EUR
ORD		Purchase		46		58.7250 EUR
ORD		Purchase		48		59.4900 EUR
ORD		Purchase		49		59.3510 EUR
ORD		Purchase		54		59.3500 EUR
ORD		Purchase		55		58.7110 EUR
ORD		Purchase		55		58.7800 EUR
ORD		Purchase		62		58.3650 EUR
ORD		Purchase		67		59.5100 EUR
ORD		Purchase		72		59.1400 EUR
ORD		Purchase		73		59.3250 EUR
ORD		Purchase		74		59.4300 EUR
ORD (traded as ADR)		Purchase		95		16.2800 USD
ORD		Purchase		105		58.7010 EUR
ORD		Purchase		105		58.7600 EUR
ORD		Purchase		109		58.7300 EUR
ORD		Purchase		109		58.7400 EUR
ORD		Purchase		111		59.2800 EUR
ORD		Purchase		117		59.2900 EUR
ORD (traded as ADR)		Purchase		128		15.8120 USD
ORD		Purchase		138		59.3000 EUR
ORD		Purchase		147		58.6400 EUR
ORD (traded as ADR)		Purchase		180		16.2900 USD
ORD		Purchase		200		59.3400 EUR
ORD		Purchase		223		58.5800 EUR
ORD		Purchase		223		58.7500 EUR
ORD		Purchase		300		58.4920 EUR
ORD		Purchase		300		58.6620 EUR
ORD		Purchase		300		59.4200 EUR
ORD		Purchase		300		59.4800 EUR
ORD		Purchase		334		58.8923 EUR
ORD		Purchase		340		58.5600 EUR
ORD		Purchase		350		58.6000 EUR
ORD		Purchase		395		59.3089 EUR
ORD		Purchase		405		59.3100 EUR
ORD		Purchase		409		58.6700 EUR
ORD		Purchase		432		58.7200 EUR
ORD		Purchase		454		59.2500 EUR
ORD		Purchase		1,021		59.0036 EUR
ORD		Purchase		1,286		59.1318 EUR
ORD		Purchase		1,346		58.5700 EUR
ORD		Purchase		1,943		58.8960 EUR
ORD		Purchase		2,145		58.5818 EUR
ORD		Purchase		2,592		58.6368 EUR
ORD		Purchase		2,877		59.4146 EUR
ORD		Purchase		2,934		58.6832 EUR
ORD		Purchase		3,300		59.3744 EUR
ORD		Purchase		4,362		58.7971 EUR
ORD		Purchase		5,359		59.1055 EUR
ORD		Purchase		10,435		58.8769 EUR
ORD		Purchase		13,024		59.2650 EUR
ORD		Purchase		15,676		58.8432 EUR
ORD		Purchase		16,430		59.1269 EUR
ORD		Purchase		21,419		59.3600 EUR
ORD		Purchase		35,933		59.0607 EUR
ORD		Purchase		157,373		59.1729 EUR
ORD		Sale		9		58.3610 EUR
ORD		Sale		23		59.3800 EUR
ORD		Sale		23		59.4820 EUR
ORD		Sale		24		59.5500 EUR
ORD		Sale		28		58.5350 EUR
ORD		Sale		28		58.5870 EUR
ORD		Sale		30		58.6500 EUR
ORD		Sale		32		58.6010 EUR
ORD		Sale		32		59.3450 EUR
ORD		Sale		32		59.3950 EUR
ORD		Sale		34		58.6850 EUR
ORD		Sale		37		58.3500 EUR
ORD		Sale		39		59.4380 EUR
ORD		Sale		40		58.1950 EUR
ORD		Sale		40		59.3700 EUR
ORD		Sale		46		58.7120 EUR
ORD		Sale		46		58.7250 EUR
ORD		Sale		46		59.2650 EUR
ORD		Sale		48		59.4900 EUR
ORD		Sale		49		59.3510 EUR
ORD		Sale		54		59.3500 EUR
ORD		Sale		55		58.7110 EUR
ORD		Sale		55		58.7800 EUR
ORD		Sale		62		58.3650 EUR
ORD		Sale		67		59.5100 EUR
ORD		Sale		72		59.1400 EUR
ORD		Sale		73		59.3250 EUR
ORD		Sale		74		59.4300 EUR
ORD (traded as ADR)		Sale		75		16.2800 USD
ORD		Sale		77		58.6244 EUR
ORD		Sale		105		58.7010 EUR
ORD		Sale		105		58.7600 EUR
ORD		Sale		109		58.7300 EUR
ORD		Sale		109		58.7400 EUR
ORD		Sale		111		59.2800 EUR
ORD		Sale		117		59.2900 EUR
ORD		Sale		138		59.3000 EUR
ORD		Sale		147		58.6400 EUR
ORD (traded as ADR)		Sale		180		16.2900 USD
ORD		Sale		200		58.5600 EUR
ORD		Sale		200		59.3400 EUR
ORD		Sale		200		59.3600 EUR
ORD		Sale		223		58.7500 EUR
ORD		Sale		271		58.5800 EUR
ORD		Sale		300		58.4920 EUR
ORD		Sale		300		58.6620 EUR
ORD		Sale		300		59.4200 EUR
ORD		Sale		300		59.4800 EUR
ORD		Sale		350		58.6000 EUR
ORD		Sale		363		58.8801 EUR
ORD		Sale		405		59.3100 EUR
ORD		Sale		409		58.6700 EUR
ORD		Sale		432		58.7200 EUR
ORD		Sale		439		58.7070 EUR
ORD		Sale		454		59.2500 EUR
ORD		Sale		459		58.9949 EUR
ORD		Sale		777		59.3846 EUR
ORD		Sale		900		16.2900 USD
ORD		Sale		900		58.3402 EUR
ORD		Sale		1,308		58.6203 EUR
ORD		Sale		1,319		58.5689 EUR
ORD		Sale		1,346		58.5700 EUR
ORD		Sale		1,757		59.3628 EUR
ORD		Sale		2,311		59.1229 EUR
ORD		Sale		3,141		59.3008 EUR
ORD		Sale		3,390		58.5038 EUR
ORD		Sale		6,812		59.3688 EUR
ORD		Sale		9,408		58.7517 EUR
ORD		Sale		9,528		58.9292 EUR
ORD		Sale		10,491		59.0314 EUR
ORD		Sale		17,532		58.8241 EUR
ORD		Sale		18,882		58.7863 EUR
ORD		Sale		44,131		59.0792 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		600		59.4746 EUR
ORD		SWAP		Long		777		59.3846 EUR
ORD		CFD		Long		3,390		58.5038 EUR
ORD		SWAP		Long		9,528		58.9292 EUR
ORD		SWAP		Long		10,491		59.0237 EUR
ORD		CFD		Long		18,882		58.7863 EUR
ORD		SWAP		Short		166		59.4477 EUR
ORD		SWAP		Short		395		59.3088 EUR
ORD		CFD		Short		720		58.0675 EUR
ORD		SWAP		Short		2,145		58.5819 EUR
ORD		SWAP		Short		2,934		58.6832 EUR
ORD		CFD		Short		84,806		58.8692 EUR
ORD		CFD		Short		98,126		59.3650 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 Dec 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

48.0000

American

19 Dec 2014

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

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

75,000

60.0000

American

19 Dec 2014

ORD

Call Options

Purchased

100,000

64.0000

American

20 Dec 2013

ORD

Call Options

Purchased

50,000

64.0000

American

19 Dec 2014

ORD

Call Options

Purchased

43,300

68.0000

American

17 Jan 2014

ORD

Call Options

Purchased

100,000

68.0000

American

20 Jun 2014

ORD

Call Options

Purchased

100,000

80.0000

American

19 Dec 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

-75,000

60.0000

American

20 Dec 2013

ORD

Call Options

Written

-100,000

62.0000

American

20 Dec 2013

ORD

Call Options

Written

-50,000

64.0000

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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