19th Jul 2013 11:00
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: | 18 July 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: | 1,201,205 | 0.21% | 53,912 | 0.01% | |||||||
| (2) | Derivatives (other than | ||||||||||
| options): | 995,828 | 0.18% | 1,407,973 | 0.25% | |||||||
| (3) | Options and agreements to | ||||||||||
| purchase/sell: | 1,140,200 | 0.20% | 1,690,000 | 0.30% | |||||||
| (4) | TOTAL: | ||||||||||
| 3,337,233 | 0.60% | 3,151,885 | 0.56% | ||||||||
| Class of relevant security: | ADR | ||||||||||
| Interests | Short Positions | ||||||||||
| Number | (%) | Number | (%) | ||||||||
| (1) | Relevant securities owned | ||||||||||
| and/or controlled: | 0 | 0.00% | 0 | 0.00% | |||||||
| (2) | Derivatives (other than | ||||||||||
| options): | 5,953 | 0.00% | 0 | 0.00% | |||||||
| (3) | Options and agreements to | ||||||||||
| purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||||||
| (4) | TOTAL: | ||||||||||
| 5,953 | 0.00% | 0 | 0.00% | ||||||||
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 | 106 | 56.3874 EUR | ||||
| ORD | Purchase | 117 | 56.3700 EUR | ||||
| ORD | Purchase | 168 | 56.3600 EUR | ||||
| ORD | Purchase | 169 | 56.5700 EUR | ||||
| ORD | Purchase | 171 | 56.4000 EUR | ||||
| ORD | Purchase | 173 | 56.5600 EUR | ||||
| ORD | Purchase | 200 | 56.5050 EUR | ||||
| ORD | Purchase | 243 | 56.4100 EUR | ||||
| ORD | Purchase | 251 | 56.5900 EUR | ||||
| ORD | Purchase | 263 | 56.5800 EUR | ||||
| ORD | Purchase | 278 | 56.6300 EUR | ||||
| ORD | Purchase | 284 | 56.3800 EUR | ||||
| ORD | Purchase | 285 | 56.3900 EUR | ||||
| ORD | Purchase | 411 | 56.6000 EUR | ||||
| ORD | Purchase | 538 | 56.4820 EUR | ||||
| ORD | Purchase | 574 | 56.2727 EUR | ||||
| ORD | Purchase | 632 | 56.3767 EUR | ||||
| ORD | Purchase | 810 | 56.3385 EUR | ||||
| ORD | Purchase | 823 | 56.5937 EUR | ||||
| ORD | Purchase | 1,339 | 56.4535 EUR | ||||
| ORD | Purchase | 1,500 | 56.7900 EUR | ||||
| ORD | Purchase | 2,306 | 56.3550 EUR | ||||
| ORD | Purchase | 2,792 | 56.4140 EUR | ||||
| ORD | Purchase | 4,393 | 56.4212 EUR | ||||
| ORD | Purchase | 9,217 | 56.3449 EUR | ||||
| ORD | Purchase | 26,833 | 56.4678 EUR | ||||
| ORD | Purchase | 44,000 | 56.1000 EUR | ||||
| ORD | Sale | 58 | 56.5800 EUR | ||||
| ORD | Sale | 59 | 56.5150 EUR | ||||
| ORD | Sale | 115 | 56.4000 EUR | ||||
| ORD | Sale | 174 | 56.1441 EUR | ||||
| ORD | Sale | 270 | 56.7900 EUR | ||||
| ORD | Sale | 431 | 56.1800 EUR | ||||
| ORD | Sale | 475 | 56.2400 EUR | ||||
| ORD | Sale | 504 | 56.2837 EUR | ||||
| ORD | Sale | 605 | 56.2581 EUR | ||||
| ORD | Sale | 765 | 56.5948 EUR | ||||
| ORD | Sale | 809 | 56.0649 EUR | ||||
| ORD | Sale | 999 | 56.3264 EUR | ||||
| ORD | Sale | 1,072 | 56.7729 EUR | ||||
| ORD | Sale | 1,954 | 56.1188 EUR | ||||
| ORD | Sale | 2,025 | 56.2000 EUR | ||||
| ORD | Sale | 2,086 | 56.1500 EUR | ||||
| ORD | Sale | 2,128 | 56.3646 EUR | ||||
| ORD | Sale | 2,283 | 56.2099 EUR | ||||
| ORD | Sale | 2,483 | 56.1700 EUR | ||||
| ORD | Sale | 2,700 | 56.2216 EUR | ||||
| ORD | Sale | 3,107 | 56.5849 EUR | ||||
| ORD | Sale | 3,617 | 56.6743 EUR | ||||
| ORD | Sale | 3,777 | 14.9033 USD | ||||
| ORD | Sale | 4,760 | 56.3169 EUR | ||||
| ORD | Sale | 5,295 | 56.2434 EUR | ||||
| ORD | Sale | 6,402 | 56.2697 EUR | ||||
| ORD | Sale | 11,424 | 56.4423 EUR | ||||
| ORD | Sale | 16,910 | 56.3622 EUR | ||||
| ORD | Sale | 47,318 | 56.3316 EUR | ||||
| ORD (traded as ADR) | Purchase | 3 | 14.7000 USD | ||||
| ORD (traded as ADR) | Purchase | 34 | 14.8500 USD | ||||
| ORD (traded as ADR) | Purchase | 580 | 14.8425 USD | ||||
| ORD (traded as ADR) | Purchase | 629 | 14.9033 USD | ||||
| ORD (traded as ADR) | Sale | 3 | 14.7000 USD | ||||
| ORD (traded as ADR) | Sale | 39 | 14.7400 USD | ||||
| ORD (traded as ADR) | Sale | 539 | 14.8500 USD | ||||
| ORD (traded as ADR) | Sale | 3,777 | 14.9033 USD |
(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 | 1,072 | 56.7729 EUR | |||||
| ORD | SWAP | Long | 1,736 | 56.1285 EUR | |||||
| ORD | SWAP | Long | 1,954 | 56.1188 EUR | |||||
| ORD | SWAP | Long | 2,995 | 56.3818 EUR | |||||
| ORD | SWAP | Long | 3,107 | 56.5849 EUR | |||||
| ORD | SWAP | Long | 25,553 | 56.3868 EUR | |||||
| ORD | CFD | Long | 37,772 | 56.3013 EUR | |||||
| ORD | CFD | Short | 10 | 56.1470 EUR | |||||
| ORD | SWAP | Short | 100 | 55.9300 EUR | |||||
| ORD | SWAP | Short | 480 | 56.4234 EUR | |||||
| ORD | SWAP | Short | 1,500 | 56.7900 EUR | |||||
| ORD | SWAP | Short | 3,651 | 56.4043 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 | Put Options | Purchasing | 100,000 | 56 EUR | American | 20 Dec 2013 | 4.1700 EUR |
(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: | 19 Jul 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 Jul 2013 | |||||||
| ORD | Put Options | Purchased | 25,000 | 42.0000 | American | 20 Jul 2013 | |||||||
| ORD | Put Options | Purchased | 25,000 | 43.0000 | American | 20 Jul 2013 | |||||||
| ORD | Put Options | Purchased | 125,000 | 44.0000 | American | 20 Jul 2013 | |||||||
| ORD | Put Options | Purchased | 200,000 | 48.0000 | American | 20 Jul 2013 | |||||||
| ORD | Put Options | Purchased | 100,000 | 50.0000 | American | 20 Jul 2013 | |||||||
| ORD | Put Options | Purchased | 100,000 | 56.0000 | American | 20 Jul 2013 | |||||||
| ORD | Put Options | Written | -200,000 | 42.0000 | American | 20 Jul 2013 | |||||||
| ORD | Put Options | Written | -200,000 | 48.0000 | American | 20 Jul 2013 | |||||||
| ORD | Put Options | Written | -100,000 | 50.0000 | American | 20 Jul 2013 | |||||||
| ORD | Put Options | Written | -100,000 | 52.0000 | American | 20 Jul 2013 | |||||||
| ORD | Put Options | Written | -50,000 | 60.0000 | American | 20 Jul 2013 | |||||||
| ORD | Call Options | Purchased | 50,000 | 52.0000 | American | 20 Jul 2013 | |||||||
| ORD | Call Options | Purchased | 81,900 | 58.0000 | American | 20 Jul 2013 | |||||||
| ORD | Call Options | Purchased | 43,300 | 60.0000 | American | 20 Jul 2013 | |||||||
| ORD | Call Options | Purchased | 100,000 | 64.0000 | American | 20 Jul 2013 | |||||||
| ORD | Call Options | Written | -50,000 | 48.0000 | American | 20 Jul 2013 | |||||||
| ORD | Call Options | Written | -100,000 | 50.0000 | American | 20 Jul 2013 | |||||||
| ORD | Call Options | Written | -200,000 | 58.0000 | American | 20 Jul 2013 | |||||||
| ORD | Call Options | Written | -50,000 | 60.0000 | American | 20 Jul 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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