Form 8.5 (EPT/NON-RI) - Schneider Electric SA

17th Sep 2013 10:36

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		SCHNEIDER ELECTRIC SA
		relevant securities this form relates:
(c)		Name of the party to the offer with which exempt		Advisor to Offeree
		principal trader is connected
(d)		Date position held/dealing undertaken:		16 September 2013
(e)		Has the EPT previously disclosed, or is it		YES:
		today disclosing, under the Code in respect		INVENSYS PLC
		of any other party to this offer?

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:		1,365,067		0.24%		848,613		0.15%
(2)		Derivatives (other than
		options):		1,695,990		0.30%		1,398,182		0.25%
(3)		Options and agreements to
		purchase/sell:		1,293,500		0.23%		1,840,000		0.33%
(4)		TOTAL:
				4,354,557		0.78%		4,086,795		0.73%

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		3		64.0500 EUR
ORD		Purchase		21		64.0300 EUR
ORD		Purchase		120		64.2800 EUR
ORD		Purchase		160		64.3787 EUR
ORD		Purchase		213		64.2539 EUR
ORD		Purchase		251		64.3800 EUR
ORD		Purchase		304		64.3196 EUR
ORD		Purchase		613		63.6908 EUR
ORD		Purchase		1,471		64.0599 EUR
ORD		Purchase		1,885		64.2563 EUR
ORD		Purchase		2,037		64.0638 EUR
ORD		Purchase		2,134		64.5513 EUR
ORD		Purchase		5,130		64.2819 EUR
ORD		Purchase		5,450		64.2504 EUR
ORD		Purchase		6,030		64.2014 EUR
ORD		Purchase		7,232		64.5800 EUR
ORD		Purchase		12,466		64.4029 EUR
ORD		Purchase		12,978		64.3007 EUR
ORD		Purchase		16,848		64.1927 EUR
ORD		Purchase		68,744		64.4313 EUR
ORD		Purchase		3,878		64.5800 EUR
ORD (traded as ADR)		Purchase		3		17.2100 USD
ORD (traded as ADR)		Purchase		195		17.2305 USD
ORD (traded as ADR)		Purchase		384		17.1900 USD
ORD (traded as ADR)		Sale		3		17.2100 USD
ORD (traded as ADR)		Sale		76		16.6300 USD
ORD (traded as ADR)		Sale		195		17.2305 USD
ORD (traded as ADR)		Sale		384		17.1900 USD
ORD		Sale		313		64.5800 EUR
ORD		Sale		3		64.2566 EUR
ORD		Sale		17		64.2700 EUR
ORD		Sale		26		64.5100 EUR
ORD		Sale		32		64.3268 EUR
ORD		Sale		36		64.4631 EUR
ORD		Sale		77		64.3267 EUR
ORD		Sale		80		64.3550 EUR
ORD		Sale		90		64.5150 EUR
ORD		Sale		92		64.2650 EUR
ORD		Sale		109		64.1618 EUR
ORD		Sale		109		64.2967 EUR
ORD		Sale		109		64.3050 EUR
ORD		Sale		109		64.4450 EUR
ORD		Sale		109		64.4850 EUR
ORD		Sale		109		64.5650 EUR
ORD		Sale		109		64.5750 EUR
ORD		Sale		109		64.6150 EUR
ORD		Sale		109		64.6600 EUR
ORD		Sale		110		64.2400 EUR
ORD		Sale		118		64.2500 EUR
ORD		Sale		138		64.3450 EUR
ORD		Sale		139		64.4200 EUR
ORD		Sale		180		64.3400 EUR
ORD		Sale		213		64.1900 EUR
ORD		Sale		215		64.2800 EUR
ORD		Sale		244		64.2000 EUR
ORD		Sale		264		64.4700 EUR
ORD		Sale		328		64.1800 EUR
ORD		Sale		328		64.6200 EUR
ORD		Sale		334		64.2300 EUR
ORD		Sale		341		64.4100 EUR
ORD		Sale		395		64.3900 EUR
ORD		Sale		449		64.5300 EUR
ORD		Sale		475		64.3656 EUR
ORD		Sale		520		64.4900 EUR
ORD		Sale		541		64.2747 EUR
ORD		Sale		547		63.6100 EUR
ORD		Sale		639		64.4600 EUR
ORD		Sale		692		64.3200 EUR
ORD		Sale		710		64.6700 EUR
ORD		Sale		718		64.4300 EUR
ORD		Sale		728		64.3100 EUR
ORD		Sale		735		64.3500 EUR
ORD		Sale		736		64.2931 EUR
ORD		Sale		771		64.2600 EUR
ORD		Sale		808		64.4400 EUR
ORD		Sale		814		64.4000 EUR
ORD		Sale		821		64.3600 EUR
ORD		Sale		851		64.5900 EUR
ORD		Sale		859		64.2900 EUR
ORD		Sale		938		64.4500 EUR
ORD		Sale		966		64.3700 EUR
ORD		Sale		978		17.2305 USD
ORD		Sale		1,006		64.5700 EUR
ORD		Sale		1,030		64.2876 EUR
ORD		Sale		1,105		64.3000 EUR
ORD		Sale		1,158		64.4800 EUR
ORD		Sale		1,270		64.3823 EUR
ORD		Sale		1,295		64.5800 EUR
ORD		Sale		1,393		64.2957 EUR
ORD		Sale		1,714		64.3300 EUR
ORD		Sale		1,958		64.5000 EUR
ORD		Sale		2,350		64.5519 EUR
ORD		Sale		3,340		63.9469 EUR
ORD		Sale		4,262		64.2422 EUR
ORD		Sale		4,411		64.4872 EUR
ORD		Sale		4,802		64.3325 EUR
ORD		Sale		5,464		64.2851 EUR
ORD		Sale		5,924		64.3809 EUR
ORD		Sale		6,034		64.2925 EUR
ORD		Sale		6,927		64.4153 EUR
ORD		Sale		8,230		64.2118 EUR
ORD		Sale		8,803		64.2353 EUR
ORD		Sale		10,000		64.0761 EUR
ORD		Sale		10,996		64.2559 EUR
ORD		Sale		12,736		64.2864 EUR
ORD		Sale		18,703		64.3392 EUR
ORD		Sale		20,571		64.2623 EUR
ORD		Sale		28,503		64.3393 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		988		63.8428 EUR
ORD		SWAP		Long		1,852		64.1699 EUR
ORD		SWAP		Long		3,858		64.2434 EUR
ORD		SWAP		Long		4,411		64.4872 EUR
ORD		SWAP		Long		6,876		64.3039 EUR
ORD		CFD		Long		6,927		64.4153 EUR
ORD		SWAP		Long		10,000		64.0761 EUR
ORD		SWAP		Long		12,736		64.2864 EUR
ORD		SWAP		Long		26,096		64.2711 EUR
ORD		SWAP		Short		213		64.2539 EUR
ORD		CFD		Short		269		64.2485 EUR
ORD		SWAP		Short		304		64.3196 EUR
ORD		SWAP		Short		1,478		63.9020 EUR
ORD		SWAP		Short		5,294		64.2968 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:		17 Sep 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 the person whose positions/dealings	BARCLAYS CAPITAL SECURITIES LTD
are being disclosed:
Name of offeror/offeree in relation to whose	SCHNEIDER ELECTRIC SA
relevant securities this from relates:

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

278,500

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

ORD

Call Options

Written

-100,000

60.0000

American

20 Sep 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

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