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

22nd Aug 2013 11:52

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:		21 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:		1,272,274		0.23%		885,301		0.16%
(2)		Derivatives (other than
		options):		1,707,506		0.30%		1,447,539		0.26%
(3)		Options and agreements to
		purchase/sell:		1,165,000		0.21%		1,540,000		0.27%
		TOTAL:
				4,144,780		0.74%		3,872,840		0.69%

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		50		60.2800 EUR
ORD		Purchase		65		59.8200 EUR
ORD		Purchase		167		60.1100 EUR
ORD		Purchase		243		60.0425 EUR
ORD		Purchase		253		60.2462 EUR
ORD		Purchase		486		60.0006 EUR
ORD		Purchase		490		59.9801 EUR
ORD		Purchase		595		60.0271 EUR
ORD		Purchase		1,091		60.0048 EUR
ORD		Purchase		1,161		60.0564 EUR
ORD		Purchase		1,318		59.9961 EUR
ORD		Purchase		2,158		60.0866 EUR
ORD		Purchase		2,165		15.9729 USD
ORD		Purchase		2,659		59.9637 EUR
ORD		Purchase		3,944		60.1186 EUR
ORD		Purchase		4,019		60.0669 EUR
ORD		Purchase		22,895		59.9400 EUR
ORD		Purchase		43,258		59.8972 EUR
ORD		Purchase		6,234		60.2254 EUR
ORD (traded as ADR)		Purchase		31		15.9600 USD
ORD (traded as ADR)		Purchase		433		15.9729 USD
ORD (traded as ADR)		Purchase		695		16.0483 USD
ORD		Sale		482		60.0998 EUR
ORD		Sale		831		60.1168 EUR
ORD (traded as ADR)		Sale		31		15.9600 USD
ORD (traded as ADR)		Sale		433		15.9729 USD
ORD (traded as ADR)		Sale		695		16.0483 USD
ORD		Sale		121		59.8200 EUR
ORD		Sale		211		59.9553 EUR
ORD		Sale		243		60.1486 EUR
ORD		Sale		258		60.1400 EUR
ORD		Sale		400		60.2000 EUR
ORD		Sale		405		60.1317 EUR
ORD		Sale		449		60.0279 EUR
ORD		Sale		450		59.9879 EUR
ORD		Sale		470		59.9912 EUR
ORD		Sale		563		59.9223 EUR
ORD		Sale		875		60.0056 EUR
ORD		Sale		967		60.0727 EUR
ORD		Sale		1,100		60.2400 EUR
ORD		Sale		1,275		60.0197 EUR
ORD		Sale		1,449		59.8739 EUR
ORD		Sale		1,754		60.0329 EUR
ORD		Sale		2,621		59.9763 EUR
ORD		Sale		3,101		60.2027 EUR
ORD		Sale		3,243		60.0525 EUR
ORD		Sale		3,476		16.0483 USD
ORD		Sale		3,508		60.1315 EUR
ORD		Sale		5,855		60.0036 EUR
ORD		Sale		8,587		59.9861 EUR
ORD		Sale		19,065		59.9882 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		252		60.1409 EUR
ORD		CFD		Long		431		59.9406 EUR
ORD		SWAP		Long		444		60.0219 EUR
ORD		SWAP		Long		471		60.0273 EUR
ORD		SWAP		Long		1,130		59.9959 EUR
ORD		SWAP		Long		1,449		59.8739 EUR
ORD		SWAP		Long		1,754		60.0329 EUR
ORD		SWAP		Long		2,621		59.9763 EUR
ORD		SWAP		Long		2,708		60.0806 EUR
ORD		CFD		Long		3,964		59.9861 EUR
ORD		SWAP		Long		4,524		59.9926 EUR
ORD		SWAP		Short		908		60.0245 EUR
ORD		SWAP		Short		1,122		60.0317 EUR
ORD		SWAP		Short		1,176		59.9061 EUR
ORD		CFD		Short		1,692		60.1858 EUR
ORD		CFD		Short		1,090		60.2732 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:		22 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.

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

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

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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