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

7th Nov 2013 11:50

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:		6 November 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:		1,636,143		0.29%		1,490,595		0.27%
(2)		Derivatives (other than
		options):		2,259,132		0.40%		1,337,515		0.24%
(3)		Options and agreements to
		purchase/sell:		1,115,000		0.20%		1,590,000		0.28%
(4)		TOTAL:
				5,010,275		0.89%		4,418,110		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		23		61.9200 EUR
ORD		Purchase		25		62.1350 EUR
ORD		Purchase		28		62.0510 EUR
ORD		Purchase		32		62.0700 EUR
ORD		Purchase		36		62.0850 EUR
ORD		Purchase		47		62.0410 EUR
ORD		Purchase		47		62.0650 EUR
ORD		Purchase		47		62.1050 EUR
ORD		Purchase		53		61.9600 EUR
ORD		Purchase		62		62.2600 EUR
ORD		Purchase		74		62.1400 EUR
ORD		Purchase		104		62.1360 EUR
ORD		Purchase		109		62.0340 EUR
ORD		Purchase		112		62.1500 EUR
ORD		Purchase		123		62.0550 EUR
ORD		Purchase		132		62.3500 EUR
ORD		Purchase		142		62.0750 EUR
ORD		Purchase		179		62.1600 EUR
ORD		Purchase		208		61.8400 EUR
ORD		Purchase		228		62.0500 EUR
ORD		Purchase		257		61.9300 EUR
ORD		Purchase		272		62.1010 EUR
ORD		Purchase		289		62.1000 EUR
ORD		Purchase		300		61.9100 EUR
ORD		Purchase		300		61.9980 EUR
ORD		Purchase		302		62.0900 EUR
ORD		Purchase		335		62.0800 EUR
ORD		Purchase		432		62.1300 EUR
ORD (traded as ADR)		Purchase		446		16.7300 USD
ORD		Purchase		447		62.0300 EUR
ORD		Purchase		475		61.8200 EUR
ORD		Purchase		512		61.8973 EUR
ORD (traded as ADR)		Purchase		518		16.7286 USD
ORD		Purchase		567		62.0600 EUR
ORD		Purchase		822		62.1100 EUR
ORD		Purchase		956		61.9500 EUR
ORD		Purchase		1,121		62.1079 EUR
ORD		Purchase		1,523		61.9274 EUR
ORD		Purchase		2,000		62.0754 EUR
ORD		Purchase		2,281		62.0799 EUR
ORD		Purchase		2,282		61.9232 EUR
ORD		Purchase		3,042		62.0563 EUR
ORD		Purchase		3,088		61.9900 EUR
ORD		Purchase		3,489		61.9244 EUR
ORD		Purchase		4,018		61.8636 EUR
ORD		Purchase		4,281		61.8110 EUR
ORD		Purchase		4,819		61.8896 EUR
ORD		Purchase		5,420		61.9189 EUR
ORD		Purchase		8,179		61.9125 EUR
ORD		Purchase		10,373		61.9215 EUR
ORD		Purchase		10,480		61.9971 EUR
ORD		Purchase		12,466		61.8749 EUR
ORD		Purchase		15,017		61.9121 EUR
ORD		Purchase		22,017		61.9496 EUR
ORD		Purchase		22,357		61.9901 EUR
ORD		Purchase		63,983		61.9413 EUR
ORD		Sale		16		61.8700 EUR
ORD		Sale		23		61.9200 EUR
ORD		Sale		25		62.1350 EUR
ORD		Sale		28		62.0510 EUR
ORD		Sale		32		62.0700 EUR
ORD		Sale		36		62.0850 EUR
ORD		Sale		47		62.0410 EUR
ORD		Sale		47		62.0650 EUR
ORD		Sale		47		62.1050 EUR
ORD		Sale		53		61.9600 EUR
ORD (traded as ADR)		Sale		55		16.6220 USD
ORD		Sale		66		62.3500 EUR
ORD (traded as ADR)		Sale		71		16.7200 USD
ORD		Sale		74		62.1400 EUR
ORD		Sale		81		62.2800 EUR
ORD		Sale		98		61.9500 EUR
ORD		Sale		98		62.3000 EUR
ORD		Sale		104		62.1360 EUR
ORD		Sale		109		62.0340 EUR
ORD		Sale		112		62.1500 EUR
ORD		Sale		123		62.0550 EUR
ORD		Sale		142		62.0750 EUR
ORD		Sale		156		62.2843 EUR
ORD		Sale		179		62.1600 EUR
ORD		Sale		208		61.8400 EUR
ORD		Sale		228		62.0500 EUR
ORD		Sale		257		61.9300 EUR
ORD		Sale		257		62.2600 EUR
ORD		Sale		261		62.2500 EUR
ORD		Sale		272		62.1010 EUR
ORD		Sale		289		62.1000 EUR
ORD		Sale		300		61.9100 EUR
ORD		Sale		300		61.9980 EUR
ORD		Sale		302		62.0900 EUR
ORD		Sale		335		62.0800 EUR
ORD		Sale		432		62.1300 EUR
ORD (traded as ADR)		Sale		446		16.7300 USD
ORD		Sale		447		62.0300 EUR
ORD		Sale		475		61.8200 EUR
ORD		Sale		475		61.8998 EUR
ORD		Sale		567		62.0600 EUR
ORD		Sale		618		62.0044 EUR
ORD		Sale		660		62.2700 EUR
ORD		Sale		822		62.1100 EUR
ORD		Sale		879		62.0283 EUR
ORD		Sale		1,072		61.9597 EUR
ORD		Sale		1,129		61.9281 EUR
ORD		Sale		1,370		62.0385 EUR
ORD		Sale		1,822		62.0215 EUR
ORD		Sale		3,088		61.9900 EUR
ORD		Sale		3,140		61.7107 EUR
ORD		Sale		3,211		62.1082 EUR
ORD		Sale		3,943		61.9596 EUR
ORD		Sale		4,360		62.1707 EUR
ORD		Sale		4,557		62.0021 EUR
ORD		Sale		5,596		62.0877 EUR
ORD		Sale		9,142		62.0708 EUR
ORD		Sale		14,925		61.8872 EUR
ORD		Sale		20,605		61.9914 EUR
ORD		Sale		22,569		62.3100 EUR
ORD		Sale		25,609		61.9903 EUR
ORD		Sale		30,000		61.9268 EUR
ORD		Sale		34,601		61.9500 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		62.2700 EUR
ORD		SWAP		Long		178		62.1732 EUR
ORD		SWAP		Long		200		62.2800 EUR
ORD		SWAP		Long		879		62.0282 EUR
ORD		SWAP		Long		960		62.2373 EUR
ORD		CFD		Long		2,916		62.1300 EUR
ORD		CFD		Long		11,171		62.0623 EUR
ORD		CFD		Short		2,916		16.7428 USD
ORD		CFD		Short		73		61.6780 EUR
ORD		SWAP		Short		189		62.2003 EUR
ORD		SWAP		Short		1,523		61.9274 EUR
ORD		SWAP		Short		2,281		62.0799 EUR
ORD		CFD		Short		4,281		61.8110 EUR
ORD		SWAP		Short		4,653		61.8784 EUR
ORD		SWAP		Short		7,488		61.9072 EUR
ORD		SWAP		Short		17,940		61.8980 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:		7 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 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

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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