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

6th Nov 2013 11:54

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:		5 November 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:		1,595,244		0.28%		1,475,161		0.26%
(2)		Derivatives (other than
		options):		2,247,953		0.40%		1,288,668		0.23%
(3)		Options and agreements to
		purchase/sell:		1,115,000		0.20%		1,590,000		0.28%
		TOTAL:
				4,958,197		0.88%		4,353,829		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 (traded as ADR)		Purchase		1		16.5600 USD
ORD		Purchase		12		61.7690 EUR
ORD		Purchase		21		62.5470 EUR
ORD		Purchase		23		61.7800 EUR
ORD (traded as ADR)		Purchase		40		16.6000 USD
ORD		Purchase		42		62.3490 EUR
ORD		Purchase		48		61.7250 EUR
ORD		Purchase		49		61.7450 EUR
ORD		Purchase		50		61.8410 EUR
ORD		Purchase		51		61.6750 EUR
ORD		Purchase		51		61.6860 EUR
ORD		Purchase		52		61.7160 EUR
ORD		Purchase		56		62.3410 EUR
ORD		Purchase		56		62.3750 EUR
ORD		Purchase		62		62.3519 EUR
ORD		Purchase		67		62.1540 EUR
ORD (traded as ADR)		Purchase		72		16.6300 USD
ORD		Purchase		96		61.7640 EUR
ORD		Purchase		97		61.8200 EUR
ORD		Purchase		97		61.9150 EUR
ORD		Purchase		98		61.6650 EUR
ORD		Purchase		98		61.7710 EUR
ORD		Purchase		98		62.1510 EUR
ORD		Purchase		98		62.1800 EUR
ORD		Purchase		105		62.1600 EUR
ORD		Purchase		110		62.3300 EUR
ORD		Purchase		112		62.3450 EUR
ORD		Purchase		155		62.3250 EUR
ORD		Purchase		164		61.7750 EUR
ORD		Purchase		165		61.8000 EUR
ORD		Purchase		190		62.2600 EUR
ORD		Purchase		192		61.6200 EUR
ORD		Purchase		196		61.7950 EUR
ORD		Purchase		196		61.9000 EUR
ORD		Purchase		197		62.1700 EUR
ORD		Purchase		199		62.4200 EUR
ORD		Purchase		201		62.3700 EUR
ORD		Purchase		217		62.0800 EUR
ORD		Purchase		244		61.6810 EUR
ORD		Purchase		248		61.9200 EUR
ORD		Purchase		267		61.7850 EUR
ORD		Purchase		271		61.9100 EUR
ORD		Purchase		272		61.6950 EUR
ORD		Purchase		277		62.1450 EUR
ORD		Purchase		288		62.1900 EUR
ORD (traded as ADR)		Purchase		289		16.6241 USD
ORD		Purchase		303		62.2700 EUR
ORD		Purchase		308		62.3500 EUR
ORD		Purchase		312		61.6600 EUR
ORD		Purchase		324		61.7200 EUR
ORD		Purchase		329		62.1500 EUR
ORD		Purchase		362		62.1400 EUR
ORD		Purchase		399		61.7900 EUR
ORD		Purchase		417		61.9300 EUR
ORD		Purchase		439		62.3400 EUR
ORD		Purchase		440		61.6730 EUR
ORD		Purchase		465		62.3600 EUR
ORD		Purchase		514		61.6300 EUR
ORD		Purchase		532		61.7600 EUR
ORD		Purchase		536		61.9400 EUR
ORD		Purchase		564		62.1350 EUR
ORD		Purchase		611		62.3800 EUR
ORD		Purchase		669		61.7000 EUR
ORD		Purchase		971		62.7675 EUR
ORD		Purchase		990		62.3900 EUR
ORD		Purchase		1,207		62.2612 EUR
ORD		Purchase		1,434		61.8808 EUR
ORD		Purchase		1,600		61.9794 EUR
ORD		Purchase		1,756		61.6900 EUR
ORD		Purchase		1,901		61.7500 EUR
ORD		Purchase		2,367		61.7821 EUR
ORD		Purchase		3,182		61.6800 EUR
ORD		Purchase		3,190		61.9248 EUR
ORD		Purchase		3,323		61.6861 EUR
ORD		Purchase		4,391		61.9878 EUR
ORD		Purchase		4,853		62.2520 EUR
ORD		Purchase		5,795		61.8126 EUR
ORD		Purchase		7,871		61.6865 EUR
ORD		Purchase		7,885		61.9743 EUR
ORD		Purchase		19,839		62.0551 EUR
ORD		Purchase		37,002		62.0583 EUR
ORD		Sale		12		61.7690 EUR
ORD		Sale		21		62.5470 EUR
ORD		Sale		23		61.7800 EUR
ORD		Sale		40		61.7681 EUR
ORD		Sale		41		62.4180 EUR
ORD (traded as ADR)		Sale		42		16.5984 USD
ORD		Sale		42		62.3490 EUR
ORD		Sale		48		61.7250 EUR
ORD		Sale		49		61.7450 EUR
ORD		Sale		50		61.8410 EUR
ORD		Sale		51		61.6750 EUR
ORD		Sale		51		61.6860 EUR
ORD		Sale		52		61.7160 EUR
ORD		Sale		56		62.3410 EUR
ORD		Sale		56		62.3750 EUR
ORD		Sale		67		62.1540 EUR
ORD (traded as ADR)		Sale		72		16.6300 USD
ORD		Sale		73		62.5900 EUR
ORD		Sale		96		61.7640 EUR
ORD		Sale		97		61.8200 EUR
ORD		Sale		97		61.9150 EUR
ORD		Sale		98		61.6650 EUR
ORD		Sale		98		61.7710 EUR
ORD		Sale		98		62.1510 EUR
ORD		Sale		98		62.1800 EUR
ORD		Sale		105		62.1600 EUR
ORD		Sale		110		62.3300 EUR
ORD		Sale		112		62.3450 EUR
ORD (traded as ADR)		Sale		137		16.6400 USD
ORD (traded as ADR)		Sale		151		16.6100 USD
ORD		Sale		155		62.3250 EUR
ORD		Sale		164		61.7750 EUR
ORD		Sale		165		61.8000 EUR
ORD		Sale		186		62.5365 EUR
ORD		Sale		196		61.7950 EUR
ORD		Sale		196		61.9000 EUR
ORD		Sale		197		62.1700 EUR
ORD		Sale		199		62.4200 EUR
ORD		Sale		200		61.8226 EUR
ORD		Sale		201		62.3700 EUR
ORD		Sale		217		62.0800 EUR
ORD		Sale		225		62.3600 EUR
ORD		Sale		233		61.6200 EUR
ORD		Sale		244		61.6810 EUR
ORD		Sale		248		61.9200 EUR
ORD		Sale		267		61.7850 EUR
ORD		Sale		271		61.9100 EUR
ORD		Sale		272		61.6950 EUR
ORD		Sale		277		62.1450 EUR
ORD		Sale		279		61.6911 EUR
ORD		Sale		288		62.1900 EUR
ORD		Sale		292		61.6200 EUR
ORD		Sale		303		62.2700 EUR
ORD		Sale		308		62.3500 EUR
ORD		Sale		312		61.6600 EUR
ORD		Sale		324		61.7200 EUR
ORD		Sale		329		62.1500 EUR
ORD		Sale		362		62.1400 EUR
ORD		Sale		364		16.6300 USD
ORD		Sale		380		62.2600 EUR
ORD		Sale		399		61.7900 EUR
ORD		Sale		417		61.9300 EUR
ORD		Sale		439		62.3400 EUR
ORD		Sale		520		62.7700 EUR
ORD		Sale		529		62.3800 EUR
ORD		Sale		536		61.9400 EUR
ORD		Sale		564		62.1350 EUR
ORD		Sale		614		61.6300 EUR
ORD		Sale		630		61.7600 EUR
ORD		Sale		669		61.7000 EUR
ORD		Sale		698		61.7682 EUR
ORD		Sale		850		61.8957 EUR
ORD		Sale		941		62.7700 EUR
ORD		Sale		990		62.3900 EUR
ORD		Sale		1,207		62.2612 EUR
ORD		Sale		1,344		62.0790 EUR
ORD		Sale		1,568		61.6800 EUR
ORD		Sale		1,756		61.6900 EUR
ORD		Sale		1,901		61.7500 EUR
ORD		Sale		2,470		61.9080 EUR
ORD		Sale		2,598		62.1818 EUR
ORD		Sale		3,630		62.0950 EUR
ORD		Sale		4,573		61.8956 EUR
ORD		Sale		4,698		62.0641 EUR
ORD		Sale		5,770		62.0026 EUR
ORD		Sale		7,871		61.6864 EUR
ORD		Sale		10,000		61.7231 EUR
ORD		Sale		21,089		62.0775 EUR
ORD		Sale		38,229		62.0422 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		41		62.4180 EUR
ORD		SWAP		Long		73		62.5893 EUR
ORD		SWAP		Long		186		62.5365 EUR
ORD		SWAP		Long		438		61.6407 EUR
ORD		SWAP		Short		62		62.3519 EUR
ORD		CFD		Short		96		62.7781 EUR
ORD		SWAP		Short		205		62.6330 EUR
ORD		SWAP		Short		588		62.7634 EUR
ORD		SWAP		Short		3,148		61.7562 EUR
ORD		CFD		Short		2,086		62.0506 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:		6 Nov 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

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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