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

23rd Oct 2013 12:22

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:		22 October 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:		1,647,249		0.29%		1,382,416		0.25%
(2)		Derivatives (other than
		options):		2,162,239		0.39%		1,458,051		0.26%
(3)		Options and agreements to
		purchase/sell:		1,115,000		0.20%		1,590,000		0.28%
(4)		TOTAL:
				4,924,488		0.88%		4,430,467		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		14		62.2300 EUR
ORD		Purchase		30		62.5300 EUR
ORD		Purchase		30		63.0100 EUR
ORD		Purchase		31		62.2200 EUR
ORD		Purchase		32		62.6800 EUR
ORD		Purchase		36		62.5610 EUR
ORD		Purchase		45		62.9400 EUR
ORD		Purchase		46		62.2600 EUR
ORD		Purchase		47		62.3102 EUR
ORD		Purchase		60		62.5550 EUR
ORD		Purchase		60		62.5650 EUR
ORD		Purchase		60		62.5850 EUR
ORD		Purchase		64		62.0010 EUR
ORD		Purchase		71		62.2500 EUR
ORD		Purchase		86		62.5800 EUR
ORD		Purchase		89		62.7900 EUR
ORD		Purchase		90		62.9300 EUR
ORD		Purchase		96		62.4300 EUR
ORD		Purchase		104		62.3400 EUR
ORD		Purchase		108		62.4200 EUR
ORD		Purchase		126		62.0900 EUR
ORD		Purchase		126		62.2700 EUR
ORD		Purchase		136		62.9000 EUR
ORD		Purchase		140		62.3600 EUR
ORD		Purchase		141		62.5510 EUR
ORD		Purchase		149		62.3950 EUR
ORD		Purchase		151		63.0317 EUR
ORD		Purchase		167		62.5400 EUR
ORD		Purchase		167		62.6700 EUR
ORD		Purchase		171		62.4700 EUR
ORD		Purchase		171		62.4810 EUR
ORD		Purchase		174		62.1000 EUR
ORD		Purchase		196		62.1250 EUR
ORD		Purchase		196		62.3200 EUR
ORD		Purchase		196		62.5900 EUR
ORD		Purchase		200		62.3500 EUR
ORD		Purchase		231		62.4310 EUR
ORD		Purchase		265		62.5500 EUR
ORD		Purchase		275		62.6450 EUR
ORD (traded as ADR)		Purchase		310		17.2400 USD
ORD		Purchase		320		62.3248 EUR
ORD		Purchase		335		62.3900 EUR
ORD		Purchase		379		62.7100 EUR
ORD		Purchase		379		62.7100 EUR
ORD (traded as ADR)		Purchase		389		17.2262 USD
ORD		Purchase		433		62.3910 EUR
ORD		Purchase		441		62.6500 EUR
ORD		Purchase		453		62.6300 EUR
ORD		Purchase		471		62.3000 EUR
ORD		Purchase		471		62.6492 EUR
ORD		Purchase		500		62.1600 EUR
ORD		Purchase		720		62.7815 EUR
ORD		Purchase		732		62.5857 EUR
ORD		Purchase		741		62.4900 EUR
ORD		Purchase		839		62.5113 EUR
ORD		Purchase		852		62.3124 EUR
ORD		Purchase		1,090		62.3490 EUR
ORD		Purchase		1,090		62.4875 EUR
ORD		Purchase		1,258		62.8208 EUR
ORD		Purchase		1,629		62.8922 EUR
ORD		Purchase		2,324		62.5688 EUR
ORD		Purchase		3,006		62.5041 EUR
ORD		Purchase		3,513		62.5527 EUR
ORD		Purchase		4,349		62.7495 EUR
ORD		Purchase		9,209		62.7456 EUR
ORD		Purchase		12,205		62.6000 EUR
ORD		Purchase		12,827		62.6812 EUR
ORD		Purchase		34,925		62.7436 EUR
ORD		Purchase		52,167		62.6004 EUR
ORD		Purchase		82,716		62.7489 EUR
ORD		Sale		14		62.2300 EUR
ORD		Sale		30		62.5300 EUR
ORD		Sale		30		63.0100 EUR
ORD		Sale		31		62.2200 EUR
ORD		Sale		36		62.5610 EUR
ORD		Sale		45		62.9300 EUR
ORD		Sale		45		62.9400 EUR
ORD		Sale		46		62.2600 EUR
ORD		Sale		60		62.5550 EUR
ORD		Sale		60		62.5650 EUR
ORD		Sale		60		62.5850 EUR
ORD		Sale		71		62.2500 EUR
ORD		Sale		86		62.5800 EUR
ORD		Sale		89		62.7900 EUR
ORD		Sale		96		62.4300 EUR
ORD		Sale		98		62.1250 EUR
ORD		Sale		104		62.3400 EUR
ORD		Sale		108		62.4200 EUR
ORD		Sale		118		62.5969 EUR
ORD		Sale		126		62.0900 EUR
ORD		Sale		126		62.2700 EUR
ORD		Sale		128		62.0010 EUR
ORD		Sale		136		62.9000 EUR
ORD		Sale		140		62.3600 EUR
ORD		Sale		141		62.5510 EUR
ORD		Sale		149		62.3950 EUR
ORD		Sale		167		62.5400 EUR
ORD		Sale		167		62.6700 EUR
ORD		Sale		171		62.4700 EUR
ORD		Sale		171		62.4810 EUR
ORD		Sale		174		62.1000 EUR
ORD		Sale		196		62.3200 EUR
ORD		Sale		200		62.3500 EUR
ORD		Sale		202		62.5900 EUR
ORD		Sale		206		62.8516 EUR
ORD (traded as ADR)		Sale		213		17.2400 USD
ORD		Sale		231		62.4310 EUR
ORD		Sale		235		62.8100 EUR
ORD		Sale		237		63.0400 EUR
ORD		Sale		265		62.5500 EUR
ORD		Sale		275		62.6450 EUR
ORD		Sale		335		62.3900 EUR
ORD		Sale		379		62.7100 EUR
ORD (traded as ADR)		Sale		389		17.2262 USD
ORD		Sale		433		62.3910 EUR
ORD		Sale		441		62.6500 EUR
ORD		Sale		453		62.6300 EUR
ORD		Sale		471		62.3000 EUR
ORD		Sale		500		62.1600 EUR
ORD		Sale		600		62.0702 EUR
ORD		Sale		691		62.6375 EUR
ORD		Sale		706		62.9000 EUR
ORD		Sale		720		62.7815 EUR
ORD		Sale		810		62.5960 EUR
ORD		Sale		913		62.9278 EUR
ORD		Sale		935		62.8434 EUR
ORD		Sale		1,003		62.5680 EUR
ORD		Sale		1,720		62.4449 EUR
ORD		Sale		1,800		62.0000 EUR
ORD		Sale		1,822		62.3059 EUR
ORD		Sale		1,840		62.1986 EUR
ORD		Sale		1,948		17.2262 USD
ORD		Sale		2,821		62.6304 EUR
ORD		Sale		3,001		62.8725 EUR
ORD		Sale		4,269		62.6313 EUR
ORD		Sale		4,316		62.5325 EUR
ORD		Sale		5,970		62.7672 EUR
ORD		Sale		6,977		62.6015 EUR
ORD		Sale		9,814		62.7580 EUR
ORD		Sale		13,799		62.6031 EUR
ORD		Sale		20,845		62.7901 EUR
ORD		Sale		22,568		62.9100 EUR
ORD		Sale		48,392		62.6000 EUR
ORD		Sale		82,716		62.7489 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		61.9920 EUR
ORD		SWAP		Long		683		62.8287 EUR
ORD		SWAP		Long		1,030		62.7406 EUR
ORD		SWAP		Long		1,600		62.6000 EUR
ORD		CFD		Long		2,199		62.3029 EUR
ORD		SWAP		Long		2,490		62.6411 EUR
ORD		CFD		Long		2,821		62.6304 EUR
ORD		CFD		Short		228		62.5393 EUR
ORD		SWAP		Short		733		62.7140 EUR
ORD		CFD		Short		1,258		62.8208 EUR
ORD		SWAP		Short		5,100		62.6000 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:		23 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.

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

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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