1st Oct 2013 12:42
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: | 30 September 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: | 1,552,182 | 0.28% | 1,577,386 | 0.28% | |||||||
| (2) | Derivatives (other than | ||||||||||
| options): | 2,391,499 | 0.43% | 1,421,442 | 0.25% | |||||||
| (3) | Options and agreements to | ||||||||||
| purchase/sell: | 1,115,000 | 0.20% | 1,690,000 | 0.30% | |||||||
| (4) | TOTAL: | ||||||||||
| 5,058,681 | 0.90% | 4,688,828 | 0.84% | ||||||||
| (b) | Rights to subscribe for new securities (including directors and other executive | ||||||||||
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 | Purchase | 8 | 62.2300 EUR | ||||
| ORD | Purchase | 18 | 62.5550 EUR | ||||
| ORD | Purchase | 19 | 62.6400 EUR | ||||
| ORD | Purchase | 20 | 62.5300 EUR | ||||
| ORD | Purchase | 24 | 62.7400 EUR | ||||
| ORD | Purchase | 30 | 62.4850 EUR | ||||
| ORD | Purchase | 30 | 62.6190 EUR | ||||
| ORD | Purchase | 32 | 62.1500 EUR | ||||
| ORD | Purchase | 38 | 62.7350 EUR | ||||
| ORD | Purchase | 40 | 62.6000 EUR | ||||
| ORD | Purchase | 45 | 62.1700 EUR | ||||
| ORD | Purchase | 45 | 62.2100 EUR | ||||
| ORD | Purchase | 55 | 62.6980 EUR | ||||
| ORD | Purchase | 57 | 62.5450 EUR | ||||
| ORD | Purchase | 57 | 62.5650 EUR | ||||
| ORD | Purchase | 61 | 62.5700 EUR | ||||
| ORD | Purchase | 67 | 62.5490 EUR | ||||
| ORD | Purchase | 72 | 62.5500 EUR | ||||
| ORD | Purchase | 82 | 62.5400 EUR | ||||
| ORD | Purchase | 106 | 62.1100 EUR | ||||
| ORD | Purchase | 107 | 62.5600 EUR | ||||
| ORD | Purchase | 109 | 62.4900 EUR | ||||
| ORD | Purchase | 125 | 62.2700 EUR | ||||
| ORD | Purchase | 125 | 62.7000 EUR | ||||
| ORD | Purchase | 125 | 62.7300 EUR | ||||
| ORD | Purchase | 145 | 62.6300 EUR | ||||
| ORD | Purchase | 151 | 62.7090 EUR | ||||
| ORD | Purchase | 151 | 62.7100 EUR | ||||
| ORD | Purchase | 153 | 62.5310 EUR | ||||
| ORD | Purchase | 160 | 62.3600 EUR | ||||
| ORD | Purchase | 163 | 62.3500 EUR | ||||
| ORD | Purchase | 163 | 62.4000 EUR | ||||
| ORD | Purchase | 171 | 62.1850 EUR | ||||
| ORD | Purchase | 180 | 62.6550 EUR | ||||
| ORD | Purchase | 185 | 62.2500 EUR | ||||
| ORD | Purchase | 194 | 62.4300 EUR | ||||
| ORD | Purchase | 196 | 62.2800 EUR | ||||
| ORD | Purchase | 210 | 62.4100 EUR | ||||
| ORD | Purchase | 210 | 62.8000 EUR | ||||
| ORD | Purchase | 213 | 62.4050 EUR | ||||
| ORD | Purchase | 214 | 62.8132 EUR | ||||
| ORD | Purchase | 217 | 62.5590 EUR | ||||
| ORD | Purchase | 222 | 62.6900 EUR | ||||
| ORD | Purchase | 225 | 62.3900 EUR | ||||
| ORD | Purchase | 227 | 62.7500 EUR | ||||
| ORD | Purchase | 229 | 62.4700 EUR | ||||
| ORD | Purchase | 230 | 62.4200 EUR | ||||
| ORD | Purchase | 274 | 62.2000 EUR | ||||
| ORD | Purchase | 300 | 62.3400 EUR | ||||
| ORD | Purchase | 300 | 62.4800 EUR | ||||
| ORD | Purchase | 327 | 62.7600 EUR | ||||
| ORD | Purchase | 400 | 62.6500 EUR | ||||
| ORD | Purchase | 416 | 62.1900 EUR | ||||
| ORD | Purchase | 416 | 62.3544 EUR | ||||
| ORD | Purchase | 466 | 62.4400 EUR | ||||
| ORD | Purchase | 547 | 62.7797 EUR | ||||
| ORD | Purchase | 630 | 62.7517 EUR | ||||
| ORD | Purchase | 759 | 62.5714 EUR | ||||
| ORD | Purchase | 761 | 62.3800 EUR | ||||
| ORD | Purchase | 800 | 16.8300 USD | ||||
| ORD | Purchase | 880 | 62.2554 EUR | ||||
| ORD | Purchase | 911 | 62.2600 EUR | ||||
| ORD | Purchase | 1,201 | 62.2472 EUR | ||||
| ORD | Purchase | 1,364 | 62.4184 EUR | ||||
| ORD | Purchase | 1,583 | 62.3126 EUR | ||||
| ORD | Purchase | 1,787 | 62.4902 EUR | ||||
| ORD | Purchase | 2,176 | 62.4154 EUR | ||||
| ORD | Purchase | 2,649 | 62.5625 EUR | ||||
| ORD | Purchase | 3,424 | 62.7925 EUR | ||||
| ORD | Purchase | 3,681 | 62.4545 EUR | ||||
| ORD | Purchase | 5,595 | 62.3392 EUR | ||||
| ORD | Purchase | 7,155 | 62.4698 EUR | ||||
| ORD | Purchase | 11,374 | 62.6996 EUR | ||||
| ORD | Purchase | 12,766 | 64.6353 EUR | ||||
| ORD | Purchase | 15,085 | 62.5100 EUR | ||||
| ORD | Purchase | 16,096 | 62.4719 EUR | ||||
| ORD | Purchase | 23,167 | 62.4805 EUR | ||||
| ORD | Purchase | 24,657 | 62.5442 EUR | ||||
| ORD | Purchase | 42,380 | 62.4729 EUR | ||||
| ORD | Purchase | 51,673 | 62.5090 EUR | ||||
| ORD | Purchase | 1,727 | 62.4006 EUR | ||||
| ORD | Purchase | 2,400 | 84.5098 EUR | ||||
| ORD (traded as ADR) | Purchase | 18 | 16.8466 USD | ||||
| ORD (traded as ADR) | Purchase | 160 | 16.8300 USD | ||||
| ORD (traded as ADR) | Purchase | 168 | 16.9000 USD | ||||
| ORD (traded as ADR) | Purchase | 232 | 16.9003 USD | ||||
| ORD (traded as ADR) | Sale | 4 | 16.9200 USD | ||||
| ORD (traded as ADR) | Sale | 18 | 16.8466 USD | ||||
| ORD (traded as ADR) | Sale | 160 | 16.8300 USD | ||||
| ORD (traded as ADR) | Sale | 354 | 16.9000 USD | ||||
| ORD (traded as ADR) | Sale | 427 | 17.5070 USD | ||||
| ORD | Sale | 540 | 62.2600 EUR | ||||
| ORD | Sale | 8 | 62.2300 EUR | ||||
| ORD | Sale | 18 | 62.5550 EUR | ||||
| ORD | Sale | 19 | 62.6400 EUR | ||||
| ORD | Sale | 20 | 62.5300 EUR | ||||
| ORD | Sale | 24 | 62.7400 EUR | ||||
| ORD | Sale | 30 | 62.4850 EUR | ||||
| ORD | Sale | 30 | 62.6190 EUR | ||||
| ORD | Sale | 32 | 62.1500 EUR | ||||
| ORD | Sale | 38 | 62.7350 EUR | ||||
| ORD | Sale | 45 | 62.1700 EUR | ||||
| ORD | Sale | 45 | 62.2100 EUR | ||||
| ORD | Sale | 55 | 62.6980 EUR | ||||
| ORD | Sale | 57 | 62.5450 EUR | ||||
| ORD | Sale | 57 | 62.5650 EUR | ||||
| ORD | Sale | 57 | 62.5700 EUR | ||||
| ORD | Sale | 67 | 62.5490 EUR | ||||
| ORD | Sale | 72 | 62.5500 EUR | ||||
| ORD | Sale | 82 | 62.5400 EUR | ||||
| ORD | Sale | 90 | 16.8466 USD | ||||
| ORD | Sale | 92 | 62.5600 EUR | ||||
| ORD | Sale | 106 | 62.1100 EUR | ||||
| ORD | Sale | 125 | 62.2700 EUR | ||||
| ORD | Sale | 125 | 62.7000 EUR | ||||
| ORD | Sale | 125 | 62.7300 EUR | ||||
| ORD | Sale | 136 | 62.6735 EUR | ||||
| ORD | Sale | 145 | 62.6300 EUR | ||||
| ORD | Sale | 151 | 62.7090 EUR | ||||
| ORD | Sale | 151 | 62.7100 EUR | ||||
| ORD | Sale | 153 | 62.5310 EUR | ||||
| ORD | Sale | 160 | 62.3600 EUR | ||||
| ORD | Sale | 163 | 62.3500 EUR | ||||
| ORD | Sale | 163 | 62.4000 EUR | ||||
| ORD | Sale | 171 | 62.1850 EUR | ||||
| ORD | Sale | 180 | 62.6550 EUR | ||||
| ORD | Sale | 185 | 62.2500 EUR | ||||
| ORD | Sale | 194 | 62.4300 EUR | ||||
| ORD | Sale | 196 | 62.2800 EUR | ||||
| ORD | Sale | 210 | 62.4100 EUR | ||||
| ORD | Sale | 210 | 62.8000 EUR | ||||
| ORD | Sale | 213 | 62.4050 EUR | ||||
| ORD | Sale | 217 | 62.5590 EUR | ||||
| ORD | Sale | 222 | 62.6900 EUR | ||||
| ORD | Sale | 225 | 62.3900 EUR | ||||
| ORD | Sale | 227 | 62.7500 EUR | ||||
| ORD | Sale | 229 | 62.4700 EUR | ||||
| ORD | Sale | 230 | 62.4200 EUR | ||||
| ORD | Sale | 274 | 62.2000 EUR | ||||
| ORD | Sale | 300 | 62.3400 EUR | ||||
| ORD | Sale | 300 | 62.4800 EUR | ||||
| ORD | Sale | 327 | 62.7600 EUR | ||||
| ORD | Sale | 388 | 62.4346 EUR | ||||
| ORD | Sale | 400 | 62.6500 EUR | ||||
| ORD | Sale | 416 | 62.1900 EUR | ||||
| ORD | Sale | 440 | 62.4762 EUR | ||||
| ORD | Sale | 466 | 62.4400 EUR | ||||
| ORD | Sale | 500 | 62.5229 EUR | ||||
| ORD | Sale | 630 | 62.7517 EUR | ||||
| ORD | Sale | 673 | 62.7641 EUR | ||||
| ORD | Sale | 761 | 62.3800 EUR | ||||
| ORD | Sale | 911 | 62.2600 EUR | ||||
| ORD | Sale | 1,915 | 62.4336 EUR | ||||
| ORD | Sale | 2,080 | 62.4960 EUR | ||||
| ORD | Sale | 2,280 | 62.4278 EUR | ||||
| ORD | Sale | 2,500 | 62.6866 EUR | ||||
| ORD | Sale | 2,794 | 62.4415 EUR | ||||
| ORD | Sale | 3,197 | 62.5643 EUR | ||||
| ORD | Sale | 4,405 | 62.5087 EUR | ||||
| ORD | Sale | 6,737 | 62.5100 EUR | ||||
| ORD | Sale | 7,141 | 62.4900 EUR | ||||
| ORD | Sale | 7,758 | 62.3876 EUR | ||||
| ORD | Sale | 8,472 | 62.5160 EUR | ||||
| ORD | Sale | 16,510 | 62.5809 EUR | ||||
| ORD | Sale | 24,260 | 62.4796 EUR | ||||
| ORD | Sale | 30,472 | 62.5249 EUR | ||||
| ORD | Sale | 39,652 | 62.5304 EUR | ||||
| ORD | Sale | 83,817 | 62.4833 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 | 441 | 62.8305 EUR | |||||
| ORD | SWAP | Long | 519 | 62.3470 EUR | |||||
| ORD | CFD | Long | 1,979 | 62.9984 EUR | |||||
| ORD | SWAP | Long | 2,915 | 62.5924 EUR | |||||
| ORD | CFD | Long | 7,758 | 62.3876 EUR | |||||
| ORD | SWAP | Long | 8,152 | 62.5114 EUR | |||||
| ORD | SWAP | Long | 11,979 | 62.5075 EUR | |||||
| ORD | SWAP | Long | 46,200 | 62.5217 EUR | |||||
| ORD | CFD | Short | 17 | 62.3164 EUR | |||||
| ORD | SWAP | Short | 214 | 62.8132 EUR | |||||
| ORD | SWAP | Short | 431 | 62.6479 EUR | |||||
| ORD | CFD | Short | 880 | 62.2554 EUR | |||||
| ORD | SWAP | Short | 1,193 | 62.4099 EUR | |||||
| ORD | SWAP | Short | 1,846 | 62.2776 EUR | |||||
| ORD | SWAP | Short | 2,649 | 62.5625 EUR | |||||
| ORD | CFD | Short | 3,424 | 62.7925 EUR | |||||
| ORD | SWAP | Short | 5,874 | 62.2863 EUR | |||||
| ORD | SWAP | Short | 10,555 | 62.7541 EUR | |||||
| ORD | SWAP | Short | 16,732 | 62.4259 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: | 1 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.
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
Related Shares:
Barclays