14th Aug 2013 11:41
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: | 13 August 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: | 1,225,930 | 0.22% | 901,001 | 0.16% | |||||||
| (2) | Derivatives (other than | ||||||||||
| options): | 1,725,017 | 0.31% | 1,461,713 | 0.26% | |||||||
| (3) | Options and agreements to | ||||||||||
| purchase/sell: | 1,329,900 | 0.24% | 1,740,000 | 0.31% | |||||||
| (4) | TOTAL: | ||||||||||
| 4,278,092 | 0.76% | 4,102,714 | 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 | 36 | 60.8900 EUR | ||||
| ORD | Purchase | 75 | 61.1200 EUR | ||||
| ORD | Purchase | 100 | 61.0400 EUR | ||||
| ORD | Purchase | 471 | 60.9294 EUR | ||||
| ORD | Purchase | 649 | 60.8078 EUR | ||||
| ORD | Purchase | 767 | 60.9392 EUR | ||||
| ORD | Purchase | 978 | 61.0571 EUR | ||||
| ORD | Purchase | 1,075 | 61.1379 EUR | ||||
| ORD | Purchase | 1,314 | 61.1651 EUR | ||||
| ORD | Purchase | 1,820 | 61.0638 EUR | ||||
| ORD | Purchase | 2,845 | 61.1481 EUR | ||||
| ORD | Purchase | 3,149 | 61.2191 EUR | ||||
| ORD | Purchase | 3,524 | 61.0000 EUR | ||||
| ORD | Purchase | 5,564 | 61.3573 EUR | ||||
| ORD | Purchase | 6,195 | 60.9751 EUR | ||||
| ORD | Purchase | 10,494 | 61.0060 EUR | ||||
| ORD | Purchase | 14,161 | 61.0767 EUR | ||||
| ORD | Purchase | 14,400 | 61.0918 EUR | ||||
| ORD | Purchase | 100,000 | 60.8680 EUR | ||||
| ORD (traded as ADR) | Purchase | 182 | 16.2630 USD | ||||
| ORD (traded as ADR) | Purchase | 425 | 16.1774 USD | ||||
| ORD (traded as ADR) | Purchase | 1,678 | 16.2470 USD | ||||
| ORD (traded as ADR) | Purchase | 1,678 | 16.2900 USD | ||||
| ORD | Sale | 100 | 61.0400 EUR | ||||
| ORD | Sale | 227 | 60.8198 EUR | ||||
| ORD | Sale | 256 | 61.1147 EUR | ||||
| ORD | Sale | 284 | 60.8366 EUR | ||||
| ORD | Sale | 380 | 61.0500 EUR | ||||
| ORD | Sale | 409 | 60.9425 EUR | ||||
| ORD | Sale | 422 | 60.8013 EUR | ||||
| ORD | Sale | 553 | 60.9445 EUR | ||||
| ORD | Sale | 620 | 61.1052 EUR | ||||
| ORD | Sale | 723 | 61.0000 EUR | ||||
| ORD | Sale | 772 | 61.1515 EUR | ||||
| ORD | Sale | 803 | 60.8590 EUR | ||||
| ORD | Sale | 820 | 61.2846 EUR | ||||
| ORD | Sale | 2,111 | 61.1432 EUR | ||||
| ORD | Sale | 2,550 | 16.1774 USD | ||||
| ORD | Sale | 2,550 | 60.9852 EUR | ||||
| ORD | Sale | 3,007 | 61.0908 EUR | ||||
| ORD | Sale | 3,175 | 60.8374 EUR | ||||
| ORD | Sale | 3,339 | 61.0468 EUR | ||||
| ORD | Sale | 4,627 | 61.0760 EUR | ||||
| ORD | Sale | 6,519 | 60.8924 EUR | ||||
| ORD | Sale | 11,253 | 61.0230 EUR | ||||
| ORD | Sale | 22,461 | 60.8536 EUR | ||||
| ORD | Sale | 40,945 | 60.8733 EUR | ||||
| ORD | Sale | 54,704 | 60.9430 EUR | ||||
| ORD | Sale | 54,886 | 61.2000 EUR | ||||
| ORD (traded as ADR) | Sale | 182 | 16.2630 USD | ||||
| ORD (traded as ADR) | Sale | 2,550 | 16.1774 USD | ||||
| ORD (traded as ADR) | Sale | 3,356 | 16.2900 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 | 11 | 60.9645 EUR | |||||
| ORD | SWAP | Long | 2,228 | 61.1320 EUR | |||||
| ORD | SWAP | Long | 4,100 | 61.0000 EUR | |||||
| ORD | SWAP | Long | 5,096 | 60.9215 EUR | |||||
| ORD | CFD | Long | 15,769 | 61.0210 EUR | |||||
| ORD | SWAP | Short | 471 | 60.9294 EUR | |||||
| ORD | CFD | Short | 2,185 | 61.7239 EUR | |||||
| ORD | SWAP | Short | 3,149 | 61.2191 EUR | |||||
| ORD | SWAP | Short | 4,086 | 61.0987 EUR | |||||
| ORD | SWAP | Short | 4,100 | 61.0000 EUR | |||||
| ORD | CFD | Short | 10,494 | 61.0060 EUR | |||||
| ORD | SWAP | Short | 12,372 | 61.0362 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: | 14 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.
143222.01
SUPPLEMENTAL FORM 8 (SBL)
DETAILS OF SECURITIES BORROWING AND LENDING AND
FINANCIAL COLLATERAL ARRANGEMENTS BY
PARTIES TO AN OFFER AND PERSONS ACTING IN CONCERT
Note 5(l) 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. SECURITIES BORROWING AND LENDING/FINANCIAL COLLATERAL POSITIONS
| 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 | Purchased | 15,000 | 58.0000 | American | 16 Aug 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 | 149,900 | 58.0000 | American | 16 Aug 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 | |||||||
| ORD | Call Options | Written | -200,000 | 58.0000 | American | 16 Aug 2013 |
Details of borrowed relevant securities which have been either on-lent or sold do not need to be disclosed.
3. SECURITIES BORROWING AND LENDING/FINANCIAL COLLATERAL TRANSACTIONS
| Class of relevant security | Nature of transaction e.g. securities lending/borrowing, delivery/receipt of recalled securities, entering into financial collateral arrangement with right of use, entering into title transfer collateral arrangement etc. | Number of securities |
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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