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

2nd Sep 2013 13:05

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:		30 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:		1,431,138		0.26%		788,055		0.14%
(2)		Derivatives (other than
		options):		1,641,037		0.29%		1,486,763		0.27%
(3)		Options and agreements to
		purchase/sell:		1,293,500		0.23%		1,740,000		0.31%
(4)		TOTAL:
				4,365,675		0.78%		4,014,818		0.72%

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		34		57.9400 EUR
ORD		Purchase		106		57.8300 EUR
ORD		Purchase		109		57.8100 EUR
ORD		Purchase		113		58.1517 EUR
ORD		Purchase		135		57.8828 EUR
ORD		Purchase		146		57.9028 EUR
ORD		Purchase		167		57.9100 EUR
ORD		Purchase		173		58.1200 EUR
ORD		Purchase		178		57.9500 EUR
ORD		Purchase		187		57.8800 EUR
ORD		Purchase		189		57.9379 EUR
ORD		Purchase		193		57.9969 EUR
ORD		Purchase		293		57.9600 EUR
ORD		Purchase		303		57.8700 EUR
ORD		Purchase		325		57.8400 EUR
ORD		Purchase		327		57.8600 EUR
ORD		Purchase		486		57.9300 EUR
ORD		Purchase		527		57.8900 EUR
ORD		Purchase		622		57.9831 EUR
ORD		Purchase		666		57.8500 EUR
ORD		Purchase		702		57.8029 EUR
ORD		Purchase		746		15.1600 USD
ORD		Purchase		995		58.3013 EUR
ORD		Purchase		1,017		57.9125 EUR
ORD		Purchase		2,483		57.9000 EUR
ORD		Purchase		2,500		58.1500 EUR
ORD		Purchase		3,666		58.1999 EUR
ORD		Purchase		5,504		58.1387 EUR
ORD		Purchase		9,440		58.1049 EUR
ORD		Purchase		11,790		58.1071 EUR
ORD		Purchase		12,978		57.8473 EUR
ORD		Purchase		14,693		58.2874 EUR
ORD		Purchase		22,895		58.1000 EUR
ORD		Purchase		27,789		58.0081 EUR
ORD		Purchase		34,425		58.1221 EUR
ORD		Purchase		44,514		58.1764 EUR
ORD		Sale		2		58.9900 EUR
ORD		Sale		94		58.3160 EUR
ORD		Sale		99		58.3361 EUR
ORD		Sale		100		57.5700 EUR
ORD		Sale		140		57.9375 EUR
ORD		Sale		238		57.8744 EUR
ORD		Sale		259		58.0000 EUR
ORD		Sale		400		57.7570 EUR
ORD		Sale		433		57.7503 EUR
ORD		Sale		508		57.6845 EUR
ORD		Sale		576		58.3189 EUR
ORD		Sale		625		58.1075 EUR
ORD		Sale		648		57.6250 EUR
ORD		Sale		847		58.0339 EUR
ORD		Sale		996		58.0755 EUR
ORD		Sale		1,334		58.1242 EUR
ORD		Sale		1,745		15.2866 USD
ORD		Sale		1,812		58.1661 EUR
ORD		Sale		1,839		58.0623 EUR
ORD		Sale		1,985		58.3431 EUR
ORD		Sale		2,032		58.2242 EUR
ORD		Sale		2,500		58.2300 EUR
ORD		Sale		3,433		58.0537 EUR
ORD		Sale		3,826		58.0742 EUR
ORD		Sale		5,847		57.8874 EUR
ORD		Sale		6,273		58.2570 EUR
ORD		Sale		10,760		58.0824 EUR
ORD		Sale		10,845		58.1636 EUR
ORD		Sale		12,966		57.8572 EUR
ORD		Sale		16,046		57.9000 EUR
ORD		Sale		24,000		58.3500 EUR
ORD		Purchase		500		58.0600 EUR
ORD		Purchase		632		57.9000 EUR
ORD		Purchase		36,731		57.9140 EUR
ORD		Sale		143		57.8942 EUR
ORD		Sale		1,137		57.8860 EUR
ORD		Sale		1,983		57.7784 EUR
ORD		Sale		31,914		58.0331 EUR
ORD (traded as ADR)		Purchase		10		15.3200 USD
ORD (traded as ADR)		Purchase		95		15.2500 USD
ORD (traded as ADR)		Purchase		149		15.1600 USD
ORD (traded as ADR)		Purchase		349		15.2866 USD
ORD (traded as ADR)		Sale		10		15.3200 USD
ORD (traded as ADR)		Sale		95		15.2500 USD
ORD (traded as ADR)		Sale		149		15.1600 USD
ORD (traded as ADR)		Sale		349		15.2866 USD

(b) Derivatives transactions (other than options)

Class of		Product		Nature of dealing		Number of		Price per
relevant		description				reference		unit
security						securities
ORD		CFD		Long		2		58.9900 EUR
ORD		SWAP		Long		129		57.9994 EUR
ORD		CFD		Long		134		57.8622 EUR
ORD		CFD		Long		225		57.6113 EUR
ORD		SWAP		Long		433		57.7503 EUR
ORD		SWAP		Long		436		58.1621 EUR
ORD		SWAP		Long		648		57.6250 EUR
ORD		SWAP		Long		1,839		58.0623 EUR
ORD		SWAP		Long		2,032		58.2242 EUR
ORD		SWAP		Long		2,974		58.4077 EUR
ORD		SWAP		Long		3,084		58.0929 EUR
ORD		SWAP		Long		3,826		58.0742 EUR
ORD		SWAP		Long		9,544		58.0903 EUR
ORD		SWAP		Short		22		57.5904 EUR
ORD		SWAP		Short		113		58.1517 EUR
ORD		SWAP		Short		495		58.3091 EUR
ORD		CFD		Short		2,324		58.6910 EUR
ORD		SWAP		Short		2,356		58.0367 EUR
ORD		SWAP		Short		4,174		58.1181 EUR
ORD		CFD		Short		4,478		58.2942 EUR
ORD		SWAP		Short		6,283		58.0159 EUR
ORD		CFD		Short		14,693		58.2874 EUR
ORD		SWAP		Short		33,704		58.0913 EUR
ORD		CFD		Short		41,982		58.1659 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

Call Options

Purchasing

75,000

60 EUR

American

20 Sep 2013

0.7800 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:		2 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.

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

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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