19th Aug 2013 12:03
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: | 16 August 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: | 1,247,208 | 0.22% | 926,600 | 0.17% | |||||||
| (2) | Derivatives (other than | ||||||||||
| options): | 1,751,891 | 0.31% | 1,485,635 | 0.27% | |||||||
| (3) | Options and agreements to | ||||||||||
| purchase/sell: | 1,165,000 | 0.21% | 1,540,000 | 0.27% | |||||||
| (4) | TOTAL: | ||||||||||
| 4,164,099 | 0.74% | 3,952,235 | 0.71% | ||||||||
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 | 7 | 60.9500 EUR | ||||
| ORD | Purchase | 57 | 60.6750 EUR | ||||
| ORD | Purchase | 105 | 60.7600 EUR | ||||
| ORD | Purchase | 135 | 60.7100 EUR | ||||
| ORD | Purchase | 300 | 60.9600 EUR | ||||
| ORD | Purchase | 655 | 60.8694 EUR | ||||
| ORD | Purchase | 724 | 61.0700 EUR | ||||
| ORD | Purchase | 795 | 60.7730 EUR | ||||
| ORD | Purchase | 1,028 | 61.1000 EUR | ||||
| ORD | Purchase | 1,073 | 60.8255 EUR | ||||
| ORD | Purchase | 1,643 | 60.6996 EUR | ||||
| ORD | Purchase | 2,695 | 60.9151 EUR | ||||
| ORD | Purchase | 3,227 | 60.8968 EUR | ||||
| ORD | Purchase | 3,400 | 16.2141 USD | ||||
| ORD | Purchase | 3,744 | 60.8623 EUR | ||||
| ORD | Purchase | 4,524 | 60.8594 EUR | ||||
| ORD | Purchase | 6,374 | 60.8103 EUR | ||||
| ORD | Purchase | 11,168 | 60.9022 EUR | ||||
| ORD | Purchase | 15,267 | 60.8647 EUR | ||||
| ORD | Purchase | 15,396 | 60.8261 EUR | ||||
| ORD | Purchase | 48,539 | 61.0012 EUR | ||||
| ORD | Purchase | 149,900 | 58.0000 EUR | ||||
| ORD (traded as ADR) | Purchase | 3 | 16.2800 USD | ||||
| ORD (traded as ADR) | Purchase | 7 | 16.2100 USD | ||||
| ORD (traded as ADR) | Purchase | 680 | 16.2141 USD | ||||
| ORD | Sale | 2,000 | 60.9500 EUR | ||||
| ORD | Sale | 2,887 | 61.1511 EUR | ||||
| ORD (traded as ADR) | Sale | 3 | 16.2800 USD | ||||
| ORD (traded as ADR) | Sale | 7 | 16.2100 USD | ||||
| ORD (traded as ADR) | Sale | 680 | 16.2141 USD | ||||
| ORD | Sale | 7 | 60.9500 EUR | ||||
| ORD | Sale | 39 | 16.2100 USD | ||||
| ORD | Sale | 66 | 60.9469 EUR | ||||
| ORD | Sale | 300 | 60.9600 EUR | ||||
| ORD | Sale | 350 | 61.1790 EUR | ||||
| ORD | Sale | 475 | 61.1842 EUR | ||||
| ORD | Sale | 478 | 61.2100 EUR | ||||
| ORD | Sale | 719 | 60.8122 EUR | ||||
| ORD | Sale | 724 | 61.0700 EUR | ||||
| ORD | Sale | 821 | 60.8840 EUR | ||||
| ORD | Sale | 1,715 | 60.7829 EUR | ||||
| ORD | Sale | 2,987 | 60.9309 EUR | ||||
| ORD | Sale | 3,077 | 60.7860 EUR | ||||
| ORD | Sale | 3,721 | 60.8816 EUR | ||||
| ORD | Sale | 4,138 | 60.8178 EUR | ||||
| ORD | Sale | 4,244 | 60.8222 EUR | ||||
| ORD | Sale | 8,491 | 60.8891 EUR | ||||
| ORD | Sale | 11,725 | 60.8597 EUR | ||||
| ORD | Sale | 16,726 | 60.9293 EUR | ||||
| ORD | Sale | 200,016 | 61.1000 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 | 100 | 60.8194 EUR | |||||
| ORD | SWAP | Long | 250 | 60.9508 EUR | |||||
| ORD | CFD | Long | 678 | 60.9686 EUR | |||||
| ORD | SWAP | Long | 2,691 | 60.7954 EUR | |||||
| ORD | CFD | Long | 2,900 | 60.7200 EUR | |||||
| ORD | SWAP | Long | 3,794 | 60.8467 EUR | |||||
| ORD | SWAP | Long | 5,283 | 60.8797 EUR | |||||
| ORD | SWAP | Long | 14,885 | 60.8522 EUR | |||||
| ORD | CFD | Short | 7 | 60.8785 EUR | |||||
| ORD | CFD | Short | 135 | 60.7100 EUR | |||||
| ORD | SWAP | Short | 370 | 60.6584 EUR | |||||
| ORD | SWAP | Short | 795 | 60.7730 EUR | |||||
| ORD | SWAP | Short | 3,266 | 60.8114 EUR | |||||
| ORD | SWAP | Short | 4,167 | 60.8325 EUR | |||||
| ORD | SWAP | Short | 5,080 | 60.7572 EUR | |||||
| ORD | CFD | Short | 11,168 | 60.9022 EUR | |||||
| ORD | SWAP | Short | 20,925 | 60.8161 EUR |
(c) Options transactions in respect of existing securities
(i) Writing, selling, purchasing or varying
| Class | Product | Writing, | Number | Exercise | Type | Expiry | Option | ||||||||
| of | description | purchasing, | of | price | date | money | |||||||||
| relevant | selling, | securities | per unit | paid/ | |||||||||||
| security | varying etc | to which | received | ||||||||||||
| option | per unit | ||||||||||||||
| relates | |||||||||||||||
| ORD | Call Options | Purchasing | 200,000 | 58 EUR | American | 16 Aug 2013 | 3.1000 EUR | ||||||||
| ORD | Call Options | Selling | 149,900 | 58 EUR | American | 16 Aug 2013 | TRANSFER | ||||||||
| ORD | Call Options | Selling | 200,000 | 58 EUR | American | 16 Aug 2013 | 3.1000 EUR | ||||||||
| ORD | Put Options | Selling | 15,000 | 58 EUR | American | 16 Aug 2013 | TRANSFER |
(ii) Exercising
| Class of relevant | Product description | Number of | Exercise price per | ||||
| security | securities | unit | |||||
| ORD | Call Options | 200,000 | 58 EUR |
(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: | 19 Aug 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 | Put Options | Written | -50,000 | 60.0000 | American | 20 Sep 2013 | |||||||
| ORD | Call Options | Purchased | 50,000 | 52.0000 | American | 20 Dec 2013 | |||||||
| ORD | Call Options | Purchased | 150,000 | 60.0000 | American | 20 Sep 2013 | |||||||
| ORD | Call Options | Purchased | 100,000 | 64.0000 | American | 20 Dec 2013 | |||||||
| ORD | Call Options | Written | -50,000 | 48.0000 | American | 20 Dec 2013 | |||||||
| ORD | Call Options | Written | -100,000 | 50.0000 | 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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