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

11th Oct 2013 12:25

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:		10 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:		1,511,381		0.27%		1,395,457		0.25%
(2)		Derivatives (other than
		options):		2,152,193		0.38%		1,274,276		0.23%
(3)		Options and agreements to
		purchase/sell:		1,115,000		0.20%		1,690,000		0.30%
(4)		TOTAL:
				4,778,574		0.85%		4,359,733		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		1		61.5800 EUR
ORD		Purchase		17		61.6300 EUR
ORD		Purchase		26		62.5400 EUR
ORD		Purchase		30		62.6700 EUR
ORD		Purchase		32		62.0690 EUR
ORD		Purchase		36		60.9400 EUR
ORD		Purchase		37		60.9900 EUR
ORD		Purchase		38		60.9120 EUR
ORD		Purchase		51		62.4600 EUR
ORD		Purchase		53		62.4400 EUR
ORD		Purchase		55		61.2500 EUR
ORD		Purchase		68		62.2000 EUR
ORD		Purchase		87		62.4950 EUR
ORD		Purchase		87		62.5050 EUR
ORD		Purchase		87		62.5350 EUR
ORD		Purchase		87		62.5360 EUR
ORD		Purchase		87		62.6110 EUR
ORD		Purchase		87		62.6150 EUR
ORD		Purchase		98		61.0000 EUR
ORD		Purchase		98		61.6600 EUR
ORD		Purchase		98		61.9900 EUR
ORD		Purchase		99		60.9300 EUR
ORD		Purchase		100		61.9700 EUR
ORD		Purchase		103		62.0000 EUR
ORD		Purchase		106		62.6600 EUR
ORD		Purchase		110		61.2600 EUR
ORD		Purchase		120		62.4900 EUR
ORD		Purchase		131		62.4550 EUR
ORD		Purchase		140		62.0250 EUR
ORD		Purchase		141		61.8200 EUR
ORD		Purchase		144		62.0800 EUR
ORD		Purchase		153		60.9500 EUR
ORD		Purchase		154		61.5000 EUR
ORD		Purchase		156		62.5600 EUR
ORD		Purchase		161		61.7700 EUR
ORD		Purchase		177		61.4233 EUR
ORD		Purchase		183		62.6200 EUR
ORD		Purchase		183		62.6350 EUR
ORD		Purchase		183		62.6400 EUR
ORD		Purchase		187		62.7300 EUR
ORD		Purchase		189		61.5700 EUR
ORD		Purchase		201		62.4700 EUR
ORD		Purchase		202		62.6440 EUR
ORD		Purchase		223		62.2200 EUR
ORD		Purchase		244		62.0200 EUR
ORD		Purchase		259		62.7400 EUR
ORD		Purchase		264		62.5800 EUR
ORD		Purchase		280		61.3800 EUR
ORD		Purchase		288		61.9400 EUR
ORD		Purchase		293		62.6330 EUR
ORD		Purchase		298		61.4381 EUR
ORD		Purchase		299		62.0100 EUR
ORD		Purchase		317		61.9028 EUR
ORD		Purchase		356		62.6736 EUR
ORD		Purchase		435		62.7200 EUR
ORD		Purchase		441		62.6250 EUR
ORD		Purchase		461		62.6300 EUR
ORD		Purchase		505		62.6500 EUR
ORD		Purchase		524		62.5700 EUR
ORD		Purchase		571		62.0600 EUR
ORD		Purchase		580		61.5186 EUR
ORD		Purchase		616		62.0300 EUR
ORD		Purchase		662		60.9200 EUR
ORD		Purchase		672		62.5300 EUR
ORD		Purchase		718		62.6000 EUR
ORD		Purchase		765		62.5100 EUR
ORD		Purchase		870		62.5500 EUR
ORD		Purchase		889		61.2277 EUR
ORD		Purchase		1,138		62.0400 EUR
ORD		Purchase		1,200		61.6280 EUR
ORD		Purchase		1,274		62.3064 EUR
ORD		Purchase		1,390		60.8326 EUR
ORD		Purchase		2,361		61.4955 EUR
ORD		Purchase		3,565		62.2551 EUR
ORD		Purchase		4,361		61.9742 EUR
ORD		Purchase		5,883		61.8057 EUR
ORD		Purchase		6,596		62.0169 EUR
ORD		Purchase		7,861		62.2785 EUR
ORD		Purchase		10,000		62.7513 EUR
ORD		Purchase		24,682		62.2297 EUR
ORD		Purchase		25,261		62.0660 EUR
ORD		Purchase		27,852		62.7800 EUR
ORD		Purchase		65,972		62.1215 EUR
ORD		Purchase		293		61.8557 EUR
ORD (traded as ADR)		Purchase		4		16.9100 USD
ORD (traded as ADR)		Purchase		78		16.9825 USD
ORD (traded as ADR)		Purchase		412		17.0472 USD
ORD (traded as ADR)		Sale		4		16.9100 USD
ORD (traded as ADR)		Sale		14		16.9500 USD
ORD (traded as ADR)		Sale		63		16.9900 USD
ORD (traded as ADR)		Sale		412		17.0472 USD
ORD		Sale		2,076		62.4510 EUR
ORD		Sale		4,030		62.7800 EUR
ORD		Sale		17		61.6300 EUR
ORD		Sale		26		62.5400 EUR
ORD		Sale		30		62.6700 EUR
ORD		Sale		36		60.9400 EUR
ORD		Sale		37		60.9900 EUR
ORD		Sale		38		60.9120 EUR
ORD		Sale		51		62.4600 EUR
ORD		Sale		55		61.2500 EUR
ORD		Sale		68		62.2000 EUR
ORD		Sale		87		62.4950 EUR
ORD		Sale		87		62.5050 EUR
ORD		Sale		87		62.5350 EUR
ORD		Sale		87		62.5360 EUR
ORD		Sale		87		62.6110 EUR
ORD		Sale		87		62.6150 EUR
ORD		Sale		98		61.0000 EUR
ORD		Sale		98		61.6600 EUR
ORD		Sale		98		61.9900 EUR
ORD		Sale		99		60.9300 EUR
ORD		Sale		100		61.9700 EUR
ORD		Sale		103		62.0000 EUR
ORD		Sale		106		62.6600 EUR
ORD		Sale		110		61.2600 EUR
ORD		Sale		120		62.4900 EUR
ORD		Sale		131		62.4550 EUR
ORD		Sale		140		62.0250 EUR
ORD		Sale		141		61.8200 EUR
ORD		Sale		144		62.0800 EUR
ORD		Sale		153		60.9500 EUR
ORD		Sale		154		61.5000 EUR
ORD		Sale		154		61.5700 EUR
ORD		Sale		156		62.5600 EUR
ORD		Sale		161		61.7700 EUR
ORD		Sale		183		62.6200 EUR
ORD		Sale		183		62.6350 EUR
ORD		Sale		183		62.6400 EUR
ORD		Sale		201		62.4700 EUR
ORD		Sale		202		62.6440 EUR
ORD		Sale		223		61.4908 EUR
ORD		Sale		223		62.2200 EUR
ORD		Sale		244		62.0200 EUR
ORD		Sale		259		62.7400 EUR
ORD		Sale		264		62.5800 EUR
ORD		Sale		280		61.3800 EUR
ORD		Sale		288		61.9400 EUR
ORD		Sale		293		62.6330 EUR
ORD		Sale		299		62.0100 EUR
ORD		Sale		304		62.7300 EUR
ORD		Sale		358		62.0643 EUR
ORD		Sale		435		62.7200 EUR
ORD		Sale		441		62.6250 EUR
ORD		Sale		461		62.6300 EUR
ORD		Sale		505		62.6500 EUR
ORD		Sale		524		62.5700 EUR
ORD		Sale		616		62.0300 EUR
ORD		Sale		647		61.8793 EUR
ORD		Sale		662		60.9200 EUR
ORD		Sale		672		62.5300 EUR
ORD		Sale		718		62.6000 EUR
ORD		Sale		721		61.8092 EUR
ORD		Sale		765		61.5105 EUR
ORD		Sale		765		62.5100 EUR
ORD		Sale		870		62.5500 EUR
ORD		Sale		1,138		62.0400 EUR
ORD		Sale		1,192		62.0600 EUR
ORD		Sale		1,200		61.6280 EUR
ORD		Sale		2,061		17.0472 USD
ORD		Sale		2,374		61.9820 EUR
ORD		Sale		2,411		62.2652 EUR
ORD		Sale		2,468		62.1192 EUR
ORD		Sale		3,141		60.9501 EUR
ORD		Sale		4,635		62.1102 EUR
ORD		Sale		7,393		60.9650 EUR
ORD		Sale		7,509		62.0690 EUR
ORD		Sale		10,000		62.0330 EUR
ORD		Sale		10,527		61.9351 EUR
ORD		Sale		16,523		62.0569 EUR
ORD		Sale		28,566		62.1879 EUR
ORD		Sale		39,210		62.1601 EUR
ORD		Sale		42,746		62.2768 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		223		61.4907 EUR
ORD		SWAP		Long		269		61.2794 EUR
ORD		SWAP		Long		475		62.1843 EUR
ORD		SWAP		Long		681		61.7679 EUR
ORD		SWAP		Long		765		61.5105 EUR
ORD		SWAP		Long		2,088		61.4544 EUR
ORD		SWAP		Long		4,500		62.7800 EUR
ORD		SWAP		Long		29,249		61.8717 EUR
ORD		CFD		Long		22,331		62.4878 EUR
ORD		CFD		Short		197		61.0992 EUR
ORD		SWAP		Short		322		60.9706 EUR
ORD		SWAP		Short		370		61.5245 EUR
ORD		CFD		Short		1,390		60.8326 EUR
ORD		SWAP		Short		2,941		61.5001 EUR
ORD		SWAP		Short		7,800		62.7800 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:		11 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

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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