30th Oct 2013 12:16
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: | 29 October 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: | 1,623,984 | 0.29% | 1,484,542 | 0.26% | |||||||
| (2) | Derivatives (other than | ||||||||||
| options): | 2,247,840 | 0.40% | 1,300,592 | 0.23% | |||||||
| (3) | Options and agreements to | ||||||||||
| purchase/sell: | 1,115,000 | 0.20% | 1,590,000 | 0.28% | |||||||
| (4) | TOTAL: | ||||||||||
| 4,986,824 | 0.89% | 4,375,134 | 0.78% | ||||||||
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 | 61.5290 EUR | ||||
| ORD | Purchase | 21 | 61.5900 EUR | ||||
| ORD | Purchase | 22 | 61.5090 EUR | ||||
| ORD | Purchase | 23 | 61.5190 EUR | ||||
| ORD | Purchase | 23 | 61.5200 EUR | ||||
| ORD | Purchase | 23 | 61.7300 EUR | ||||
| ORD | Purchase | 24 | 61.5120 EUR | ||||
| ORD | Purchase | 24 | 61.5390 EUR | ||||
| ORD | Purchase | 26 | 61.6500 EUR | ||||
| ORD | Purchase | 30 | 61.3788 EUR | ||||
| ORD (traded as ADR) | Purchase | 34 | 16.8700 USD | ||||
| ORD | Purchase | 35 | 61.7000 EUR | ||||
| ORD | Purchase | 37 | 61.4750 EUR | ||||
| ORD | Purchase | 37 | 61.4850 EUR | ||||
| ORD | Purchase | 42 | 61.5000 EUR | ||||
| ORD | Purchase | 98 | 61.3910 EUR | ||||
| ORD | Purchase | 100 | 61.3750 EUR | ||||
| ORD | Purchase | 101 | 61.7168 EUR | ||||
| ORD (traded as ADR) | Purchase | 116 | 16.9251 USD | ||||
| ORD | Purchase | 125 | 61.4700 EUR | ||||
| ORD | Purchase | 130 | 61.6480 EUR | ||||
| ORD | Purchase | 140 | 61.3500 EUR | ||||
| ORD | Purchase | 144 | 61.5100 EUR | ||||
| ORD | Purchase | 149 | 61.4100 EUR | ||||
| ORD | Purchase | 149 | 61.6853 EUR | ||||
| ORD (traded as ADR) | Purchase | 158 | 16.8870 USD | ||||
| ORD | Purchase | 159 | 61.5300 EUR | ||||
| ORD | Purchase | 178 | 61.5848 EUR | ||||
| ORD | Purchase | 181 | 61.3600 EUR | ||||
| ORD | Purchase | 181 | 61.4400 EUR | ||||
| ORD | Purchase | 217 | 61.7200 EUR | ||||
| ORD (traded as ADR) | Purchase | 228 | 16.9300 USD | ||||
| ORD | Purchase | 240 | 61.2400 EUR | ||||
| ORD | Purchase | 255 | 61.7400 EUR | ||||
| ORD | Purchase | 334 | 61.5500 EUR | ||||
| ORD | Purchase | 344 | 61.3900 EUR | ||||
| ORD | Purchase | 387 | 61.8000 EUR | ||||
| ORD | Purchase | 393 | 61.8100 EUR | ||||
| ORD | Purchase | 400 | 61.5600 EUR | ||||
| ORD | Purchase | 401 | 61.7600 EUR | ||||
| ORD | Purchase | 419 | 61.5138 EUR | ||||
| ORD | Purchase | 514 | 61.7500 EUR | ||||
| ORD | Purchase | 530 | 61.7800 EUR | ||||
| ORD | Purchase | 614 | 61.7900 EUR | ||||
| ORD | Purchase | 691 | 61.8200 EUR | ||||
| ORD | Purchase | 700 | 61.7700 EUR | ||||
| ORD | Purchase | 805 | 61.8300 EUR | ||||
| ORD | Purchase | 876 | 61.3800 EUR | ||||
| ORD | Purchase | 1,080 | 61.4139 EUR | ||||
| ORD | Purchase | 1,699 | 61.6705 EUR | ||||
| ORD | Purchase | 1,779 | 61.5700 EUR | ||||
| ORD | Purchase | 2,214 | 61.4137 EUR | ||||
| ORD | Purchase | 2,282 | 61.5169 EUR | ||||
| ORD | Purchase | 2,778 | 61.5284 EUR | ||||
| ORD | Purchase | 3,148 | 61.6626 EUR | ||||
| ORD | Purchase | 3,451 | 61.5700 EUR | ||||
| ORD | Purchase | 5,084 | 61.5403 EUR | ||||
| ORD | Purchase | 5,359 | 61.4973 EUR | ||||
| ORD | Purchase | 5,963 | 61.7527 EUR | ||||
| ORD | Purchase | 6,123 | 61.5822 EUR | ||||
| ORD | Purchase | 14,587 | 61.6116 EUR | ||||
| ORD | Purchase | 32,218 | 61.5616 EUR | ||||
| ORD | Purchase | 39,869 | 61.6291 EUR | ||||
| ORD | Sale | 21 | 61.5290 EUR | ||||
| ORD | Sale | 21 | 61.5900 EUR | ||||
| ORD | Sale | 22 | 61.5090 EUR | ||||
| ORD | Sale | 23 | 61.5190 EUR | ||||
| ORD | Sale | 23 | 61.5200 EUR | ||||
| ORD | Sale | 23 | 61.7300 EUR | ||||
| ORD | Sale | 24 | 61.5120 EUR | ||||
| ORD | Sale | 24 | 61.5390 EUR | ||||
| ORD | Sale | 26 | 61.6500 EUR | ||||
| ORD (traded as ADR) | Sale | 34 | 16.8700 USD | ||||
| ORD | Sale | 35 | 61.7000 EUR | ||||
| ORD | Sale | 37 | 61.4750 EUR | ||||
| ORD | Sale | 37 | 61.4850 EUR | ||||
| ORD | Sale | 42 | 61.5000 EUR | ||||
| ORD (traded as ADR) | Sale | 83 | 16.8870 USD | ||||
| ORD | Sale | 98 | 61.3910 EUR | ||||
| ORD | Sale | 100 | 61.3750 EUR | ||||
| ORD (traded as ADR) | Sale | 114 | 16.9300 USD | ||||
| ORD | Sale | 115 | 61.4900 EUR | ||||
| ORD (traded as ADR) | Sale | 116 | 16.9251 USD | ||||
| ORD | Sale | 125 | 61.4700 EUR | ||||
| ORD | Sale | 125 | 61.4700 EUR | ||||
| ORD | Sale | 130 | 61.6480 EUR | ||||
| ORD | Sale | 140 | 61.3500 EUR | ||||
| ORD | Sale | 144 | 61.5100 EUR | ||||
| ORD | Sale | 149 | 61.4100 EUR | ||||
| ORD | Sale | 149 | 61.6853 EUR | ||||
| ORD | Sale | 156 | 61.6483 EUR | ||||
| ORD | Sale | 159 | 61.5300 EUR | ||||
| ORD | Sale | 181 | 61.3600 EUR | ||||
| ORD | Sale | 181 | 61.4400 EUR | ||||
| ORD | Sale | 213 | 61.5700 EUR | ||||
| ORD | Sale | 217 | 61.7200 EUR | ||||
| ORD | Sale | 240 | 61.2400 EUR | ||||
| ORD | Sale | 255 | 61.7400 EUR | ||||
| ORD | Sale | 281 | 61.5620 EUR | ||||
| ORD | Sale | 344 | 61.3900 EUR | ||||
| ORD | Sale | 387 | 61.8000 EUR | ||||
| ORD | Sale | 393 | 61.8100 EUR | ||||
| ORD | Sale | 400 | 61.5600 EUR | ||||
| ORD | Sale | 401 | 61.7600 EUR | ||||
| ORD | Sale | 419 | 61.5722 EUR | ||||
| ORD | Sale | 514 | 61.7500 EUR | ||||
| ORD | Sale | 530 | 61.7800 EUR | ||||
| ORD | Sale | 562 | 61.5536 EUR | ||||
| ORD | Sale | 583 | 16.9251 USD | ||||
| ORD | Sale | 614 | 61.7900 EUR | ||||
| ORD | Sale | 691 | 61.8200 EUR | ||||
| ORD | Sale | 696 | 61.4576 EUR | ||||
| ORD | Sale | 700 | 61.7700 EUR | ||||
| ORD | Sale | 805 | 61.8300 EUR | ||||
| ORD | Sale | 876 | 61.3800 EUR | ||||
| ORD | Sale | 1,071 | 61.5252 EUR | ||||
| ORD | Sale | 1,522 | 61.4467 EUR | ||||
| ORD | Sale | 1,631 | 61.5700 EUR | ||||
| ORD | Sale | 1,698 | 61.6448 EUR | ||||
| ORD | Sale | 2,035 | 61.5491 EUR | ||||
| ORD | Sale | 4,267 | 61.5884 EUR | ||||
| ORD | Sale | 5,164 | 61.1583 EUR | ||||
| ORD | Sale | 5,778 | 61.5427 EUR | ||||
| ORD | Sale | 6,549 | 61.5708 EUR | ||||
| ORD | Sale | 6,630 | 61.5515 EUR | ||||
| ORD | Sale | 6,857 | 61.6125 EUR | ||||
| ORD | Sale | 9,391 | 61.5545 EUR | ||||
| ORD | Sale | 13,882 | 61.5714 EUR | ||||
| ORD | Sale | 19,969 | 61.5500 EUR | ||||
| ORD | Sale | 25,582 | 61.5838 EUR | ||||
| ORD | Sale | 29,652 | 61.5854 EUR | ||||
| ORD | Sale | 32,456 | 61.5698 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 | 80 | 61.6386 EUR | |||||
| ORD | CFD | Long | 691 | 61.5545 EUR | |||||
| ORD | SWAP | Long | 728 | 61.3178 EUR | |||||
| ORD | SWAP | Long | 1,651 | 61.5832 EUR | |||||
| ORD | SWAP | Long | 4,979 | 61.5409 EUR | |||||
| ORD | SWAP | Long | 5,164 | 61.1584 EUR | |||||
| ORD | SWAP | Long | 8,603 | 61.5513 EUR | |||||
| ORD | SWAP | Long | 11,923 | 61.5774 EUR | |||||
| ORD | SWAP | Long | 28,997 | 61.5812 EUR | |||||
| ORD | CFD | Long | 20,843 | 61.5893 EUR | |||||
| ORD | SWAP | Short | 93 | 61.7164 EUR | |||||
| ORD | CFD | Short | 113 | 61.3744 EUR | |||||
| ORD | SWAP | Short | 2,282 | 61.5169 EUR | |||||
| ORD | SWAP | Short | 3,175 | 61.5056 EUR | |||||
| ORD | SWAP | Short | 6,231 | 61.4797 EUR | |||||
| ORD | CFD | Short | 26,895 | 61.5773 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: | 30 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.
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 | 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 | 62.0000 | 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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