10th Dec 2013 12:05
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 December 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: | 1,706,819 | 0.30% | 1,464,229 | 0.26% | |||||||
| (2) | Derivatives (other than | ||||||||||
| options): | 2,235,852 | 0.40% | 1,374,200 | 0.25% | |||||||
| (3) | Options and agreements to | ||||||||||
| purchase/sell: | 1,528,300 | 0.27% | 1,760,000 | 0.31% | |||||||
| (4) | TOTAL: | ||||||||||
| 5,470,971 | 0.98% | 4,598,429 | 0.82% |
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
| (a) | Purchases and sales | ||||||
| Class of relevant | Purchase/sale | Number of | Price per unit | ||||
| security | securities | ||||||
| ORD (traded as ADR) | Purchase | 1 | 16.4400 USD | ||||
| ORD | Purchase | 3 | 59.1000 EUR | ||||
| ORD | Purchase | 9 | 59.1100 EUR | ||||
| ORD | Purchase | 20 | 59.1012 EUR | ||||
| ORD | Purchase | 25 | 59.8900 EUR | ||||
| ORD | Purchase | 31 | 59.4400 EUR | ||||
| ORD (traded as ADR) | Purchase | 34 | 16.3500 USD | ||||
| ORD | Purchase | 53 | 59.9000 EUR | ||||
| ORD | Purchase | 70 | 59.8100 EUR | ||||
| ORD | Purchase | 200 | 59.4700 EUR | ||||
| ORD | Purchase | 204 | 59.6100 EUR | ||||
| ORD | Purchase | 220 | 59.8400 EUR | ||||
| ORD | Purchase | 221 | 59.5700 EUR | ||||
| ORD | Purchase | 221 | 59.7200 EUR | ||||
| ORD | Purchase | 294 | 59.8357 EUR | ||||
| ORD | Purchase | 400 | 59.8300 EUR | ||||
| ORD | Purchase | 525 | 59.6366 EUR | ||||
| ORD | Purchase | 534 | 59.3467 EUR | ||||
| ORD | Purchase | 957 | 59.6675 EUR | ||||
| ORD | Purchase | 1,059 | 59.7900 EUR | ||||
| ORD | Purchase | 1,109 | 59.6273 EUR | ||||
| ORD | Purchase | 1,763 | 59.8024 EUR | ||||
| ORD | Purchase | 2,404 | 60.0000 EUR | ||||
| ORD | Purchase | 2,717 | 59.5857 EUR | ||||
| ORD | Purchase | 3,326 | 60.0000 EUR | ||||
| ORD | Purchase | 4,870 | 59.6905 EUR | ||||
| ORD | Purchase | 11,322 | 59.4901 EUR | ||||
| ORD | Purchase | 22,347 | 59.5660 EUR | ||||
| ORD (traded as ADR) | Sale | 1 | 16.4400 USD | ||||
| ORD | Sale | 3 | 59.1000 EUR | ||||
| ORD | Sale | 7 | 59.0950 EUR | ||||
| ORD | Sale | 9 | 59.1100 EUR | ||||
| ORD | Sale | 31 | 59.4400 EUR | ||||
| ORD (traded as ADR) | Sale | 34 | 16.3500 USD | ||||
| ORD | Sale | 35 | 59.8100 EUR | ||||
| ORD (traded as ADR) | Sale | 83 | 16.2460 USD | ||||
| ORD | Sale | 86 | 59.9000 EUR | ||||
| ORD | Sale | 143 | 59.7549 EUR | ||||
| ORD | Sale | 200 | 59.4700 EUR | ||||
| ORD | Sale | 204 | 59.6100 EUR | ||||
| ORD | Sale | 220 | 59.8400 EUR | ||||
| ORD | Sale | 221 | 59.5700 EUR | ||||
| ORD | Sale | 221 | 59.7200 EUR | ||||
| ORD | Sale | 363 | 59.9078 EUR | ||||
| ORD | Sale | 400 | 59.8300 EUR | ||||
| ORD | Sale | 489 | 59.6436 EUR | ||||
| ORD | Sale | 525 | 59.6366 EUR | ||||
| ORD | Sale | 794 | 60.0000 EUR | ||||
| ORD | Sale | 1,059 | 59.7900 EUR | ||||
| ORD | Sale | 1,289 | 59.5563 EUR | ||||
| ORD | Sale | 1,569 | 59.2008 EUR | ||||
| ORD | Sale | 1,575 | 59.8301 EUR | ||||
| ORD | Sale | 1,711 | 59.8012 EUR | ||||
| ORD | Sale | 2,907 | 59.5503 EUR | ||||
| ORD | Sale | 4,500 | 59.2500 EUR | ||||
| ORD | Sale | 8,263 | 59.8572 EUR | ||||
| ORD | Sale | 11,038 | 59.6205 EUR | ||||
| ORD | Sale | 11,554 | 59.6469 EUR | ||||
| ORD | Sale | 23,505 | 59.8527 EUR | ||||
| ORD | Sale | 67,807 | 59.9461 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 | 10 | 59.9950 EUR | |||||
| ORD | CFD | Long | 1,569 | 59.2008 EUR | |||||
| ORD | SWAP | Long | 2,875 | 59.7006 EUR | |||||
| ORD | CFD | Long | 8,263 | 59.8572 EUR | |||||
| ORD | SWAP | Long | 8,992 | 59.6318 EUR | |||||
| ORD | CFD | Long | 11,038 | 59.6205 EUR | |||||
| ORD | CFD | Long | 12,478 | 59.9948 EUR | |||||
| ORD | CFD | Long | 45,218 | 59.9949 EUR | |||||
| ORD | SWAP | Short | 114 | 59.7578 EUR | |||||
| ORD | CFD | Short | 180 | 59.8977 EUR | |||||
| ORD | SWAP | Short | 534 | 59.3468 EUR | |||||
| ORD | SWAP | Short | 2,675 | 59.5145 EUR |
(c) Options transactions in respect of existing securities
(i) Writing, selling, purchasing or varying
| Class | Product | Writing, | Number | Exercise | Type | Expiry | Option | ||||||||
| of | description | purchasing, | of | price | date | money | |||||||||
| relevant | selling, | securities | per unit | paid/ | |||||||||||
| security | varying etc | to which | received | ||||||||||||
| option | per unit | ||||||||||||||
| relates | |||||||||||||||
| ORD | Call Options | Purchasing | 45,000 | 62 EUR | American | 20 Dec 2013 | 0.2000 EUR | ||||||||
| ORD | Call Options | Selling | 45,000 | 64 EUR | American | 20 Dec 2013 | 0.0500 EUR |
(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 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 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 | 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 | 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 | 75,000 | 60.0000 | American | 19 Dec 2014 | |||||||
| ORD | Call Options | Purchased | 45,000 | 62.0000 | American | 20 Dec 2013 | |||||||
| 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 | -95,000 | 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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