13th Jan 2014 11:14
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: | 10 Jan 2014 | |
| (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: | 1,743,959 | 0.31% | 1,648,354 | 0.29% | |||||||
| (2) | Derivatives (other than | ||||||||||
| options): | 1,697,252 | 0.31% | 319,055 | 0.06% | |||||||
| (3) | Options and agreements to | ||||||||||
| purchase/sell: | 682,000 | 0.12% | 869,000 | 0.15% | |||||||
| (4) | TOTAL: | ||||||||||
| 4,123,211 | 0.74% | 2,836,409 | 0.51% |
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 | 15 | 62.4200 EUR | ||||
| ORD | Purchase | 25 | 62.2150 EUR | ||||
| ORD | Purchase | 26 | 62.4700 EUR | ||||
| ORD | Purchase | 27 | 62.3230 EUR | ||||
| ORD | Purchase | 27 | 62.3440 EUR | ||||
| ORD | Purchase | 31 | 62.3760 EUR | ||||
| ORD | Purchase | 31 | 62.3850 EUR | ||||
| ORD | Purchase | 31 | 62.4160 EUR | ||||
| ORD | Purchase | 37 | 62.2990 EUR | ||||
| ORD | Purchase | 38 | 62.1560 EUR | ||||
| ORD | Purchase | 40 | 62.5100 EUR | ||||
| ORD | Purchase | 44 | 62.5900 EUR | ||||
| ORD | Purchase | 46 | 62.3030 EUR | ||||
| ORD | Purchase | 47 | 62.7600 EUR | ||||
| ORD | Purchase | 51 | 62.6010 EUR | ||||
| ORD | Purchase | 54 | 62.6200 EUR | ||||
| ORD | Purchase | 54 | 62.7400 EUR | ||||
| ORD | Purchase | 54 | 62.7490 EUR | ||||
| ORD | Purchase | 55 | 62.5450 EUR | ||||
| ORD | Purchase | 58 | 62.4250 EUR | ||||
| ORD | Purchase | 62 | 62.5860 EUR | ||||
| ORD | Purchase | 67 | 62.5389 EUR | ||||
| ORD | Purchase | 70 | 62.3844 EUR | ||||
| ORD | Purchase | 87 | 62.3150 EUR | ||||
| ORD (traded as ADR) | Purchase | 88 | 17.1800 USD | ||||
| ORD | Purchase | 91 | 62.7100 EUR | ||||
| ORD | Purchase | 105 | 62.6000 EUR | ||||
| ORD | Purchase | 105 | 62.6100 EUR | ||||
| ORD | Purchase | 106 | 62.3800 EUR | ||||
| ORD | Purchase | 106 | 62.5510 EUR | ||||
| ORD (traded as ADR) | Purchase | 129 | 17.1083 USD | ||||
| ORD | Purchase | 150 | 62.2995 EUR | ||||
| ORD | Purchase | 160 | 62.6700 EUR | ||||
| ORD | Purchase | 166 | 62.2622 EUR | ||||
| ORD | Purchase | 167 | 62.6973 EUR | ||||
| ORD | Purchase | 208 | 62.7000 EUR | ||||
| ORD | Purchase | 210 | 62.6300 EUR | ||||
| ORD | Purchase | 330 | 62.6800 EUR | ||||
| ORD | Purchase | 333 | 62.6400 EUR | ||||
| ORD | Purchase | 374 | 62.6899 EUR | ||||
| ORD | Purchase | 548 | 62.4228 EUR | ||||
| ORD | Purchase | 575 | 62.7176 EUR | ||||
| ORD | Purchase | 800 | 62.4010 EUR | ||||
| ORD | Purchase | 1,182 | 62.3723 EUR | ||||
| ORD | Purchase | 1,437 | 62.5441 EUR | ||||
| ORD | Purchase | 1,480 | 62.4975 EUR | ||||
| ORD | Purchase | 2,469 | 62.3993 EUR | ||||
| ORD | Purchase | 4,225 | 62.6140 EUR | ||||
| ORD | Purchase | 4,751 | 62.8900 EUR | ||||
| ORD | Purchase | 5,671 | 62.4376 EUR | ||||
| ORD | Purchase | 14,487 | 62.5512 EUR | ||||
| ORD | Purchase | 31,158 | 62.7222 EUR | ||||
| ORD | Sale | 13 | 62.4700 EUR | ||||
| ORD | Sale | 25 | 62.2150 EUR | ||||
| ORD | Sale | 27 | 62.3230 EUR | ||||
| ORD | Sale | 27 | 62.3440 EUR | ||||
| ORD | Sale | 30 | 62.4200 EUR | ||||
| ORD | Sale | 31 | 62.3760 EUR | ||||
| ORD | Sale | 31 | 62.3850 EUR | ||||
| ORD | Sale | 31 | 62.4160 EUR | ||||
| ORD | Sale | 37 | 62.2990 EUR | ||||
| ORD | Sale | 38 | 62.1560 EUR | ||||
| ORD | Sale | 40 | 62.5100 EUR | ||||
| ORD (traded as ADR) | Sale | 44 | 17.1800 USD | ||||
| ORD | Sale | 44 | 62.5900 EUR | ||||
| ORD | Sale | 46 | 62.3030 EUR | ||||
| ORD | Sale | 47 | 62.6900 EUR | ||||
| ORD | Sale | 47 | 62.7600 EUR | ||||
| ORD | Sale | 51 | 62.6010 EUR | ||||
| ORD | Sale | 54 | 62.6200 EUR | ||||
| ORD | Sale | 54 | 62.7400 EUR | ||||
| ORD | Sale | 54 | 62.7490 EUR | ||||
| ORD | Sale | 55 | 62.5450 EUR | ||||
| ORD | Sale | 58 | 62.4250 EUR | ||||
| ORD | Sale | 62 | 62.5860 EUR | ||||
| ORD | Sale | 62 | 62.7800 EUR | ||||
| ORD | Sale | 70 | 62.3844 EUR | ||||
| ORD | Sale | 87 | 62.3150 EUR | ||||
| ORD | Sale | 91 | 62.7100 EUR | ||||
| ORD | Sale | 105 | 62.6000 EUR | ||||
| ORD | Sale | 105 | 62.6100 EUR | ||||
| ORD | Sale | 106 | 62.3800 EUR | ||||
| ORD | Sale | 106 | 62.5510 EUR | ||||
| ORD (traded as ADR) | Sale | 129 | 17.1083 USD | ||||
| ORD | Sale | 160 | 62.6700 EUR | ||||
| ORD | Sale | 208 | 62.7000 EUR | ||||
| ORD | Sale | 210 | 62.6300 EUR | ||||
| ORD | Sale | 230 | 62.6800 EUR | ||||
| ORD | Sale | 250 | 62.7153 EUR | ||||
| ORD | Sale | 278 | 62.6751 EUR | ||||
| ORD | Sale | 333 | 62.6400 EUR | ||||
| ORD | Sale | 414 | 62.6338 EUR | ||||
| ORD | Sale | 644 | 17.1083 USD | ||||
| ORD | Sale | 651 | 62.6882 EUR | ||||
| ORD | Sale | 800 | 62.4010 EUR | ||||
| ORD | Sale | 836 | 62.3854 EUR | ||||
| ORD | Sale | 899 | 62.6200 EUR | ||||
| ORD | Sale | 1,665 | 62.4247 EUR | ||||
| ORD | Sale | 2,153 | 62.5869 EUR | ||||
| ORD | Sale | 2,270 | 62.6160 EUR | ||||
| ORD | Sale | 5,680 | 62.8900 EUR | ||||
| ORD | Sale | 7,000 | 62.7035 EUR | ||||
| ORD | Sale | 8,005 | 62.5570 EUR | ||||
| ORD | Sale | 12,190 | 62.7553 EUR | ||||
| ORD | Sale | 15,468 | 62.6003 EUR | ||||
| ORD | Sale | 23,411 | 62.3858 EUR | ||||
| ORD | Sale | 57,089 | 62.6019 EUR |
(b) Derivatives transactions (other than options)
| relevant | description | reference | unit | ||||||
| security | securities | ||||||||
| ORD | CFD | Long | 72 | 62.8847 EUR | |||||
| ORD | SWAP | Long | 94 | 62.6850 EUR | |||||
| ORD | SWAP | Long | 248 | 62.2406 EUR | |||||
| ORD | CFD | Long | 248 | 62.3447 EUR | |||||
| ORD | CFD | Long | 392 | 62.3446 EUR | |||||
| ORD | SWAP | Long | 11,942 | 62.7659 EUR | |||||
| ORD | CFD | Long | 15,548 | 62.3208 EUR | |||||
| ORD | CFD | Long | 22,473 | 62.8846 EUR | |||||
| ORD | SWAP | Long | 42,556 | 62.4233 EUR | |||||
| ORD | SWAP | Short | 67 | 62.5389 EUR | |||||
| ORD | SWAP | Short | 132 | 62.1650 EUR | |||||
| ORD | SWAP | Short | 166 | 62.2623 EUR | |||||
| ORD | CFD | Short | 662 | 62.4086 EUR | |||||
| ORD | CFD | Short | 1,182 | 62.3723 EUR | |||||
| ORD | SWAP | Short | 1,442 | 62.3402 EUR | |||||
| ORD | CFD | Short | 6,552 | 62.4599 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: | 13 Jan 2014 | |
| 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 | 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 | 100,000 | 48.0000 | American | 19 Dec 2014 | |||||||
| ORD | Put Options | Written | -100,000 | 50.0000 | American | 19 Dec 2014 | |||||||
| ORD | Put Options | Written | -50,000 | 52.0000 | American | 19 Dec 2014 | |||||||
| ORD | Call Options | Purchased | 63,700 | 60.0000 | American | 21 Feb 2014 | |||||||
| ORD | Call Options | Purchased | 75,000 | 60.0000 | American | 19 Dec 2014 | |||||||
| ORD | Call Options | Purchased | 50,000 | 64.0000 | American | 19 Dec 2014 | |||||||
| ORD | Call Options | Purchased | 43,300 | 68.0000 | American | 17 Jan 2014 | |||||||
| ORD | Call Options | Purchased | 100,000 | 68.0000 | American | 20 Jun 2014 | |||||||
| ORD | Call Options | Purchased | 100,000 | 80.0000 | American | 19 Dec 2014 | |||||||
| ORD | Call Options | Written | -119,000 | 60.0000 | American | 21 Feb 2014 | |||||||
| ORD | Call Options | Written | -50,000 | 64.0000 | American | 19 Dec 2014 |
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 2014
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