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

6th Dec 2013 12:18

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:		5 December 2013
(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:		1,728,415		0.31%		1,558,323		0.28%
(2)		Derivatives (other than
		options):		2,319,218		0.41%		1,400,008		0.25%
(3)		Options and agreements to
		purchase/sell:		1,483,300		0.26%		1,715,000		0.31%
(4)		TOTAL:
				5,530,933		0.99%		4,673,331		0.83%

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		22		59.1050 EUR
ORD		Purchase		22		59.6460 EUR
ORD		Purchase		23		59.5760 EUR
ORD		Purchase		23		59.5800 EUR
ORD		Purchase		24		58.9550 EUR
ORD		Purchase		24		59.0800 EUR
ORD (traded as ADR)		Purchase		26		15.8400 USD
ORD		Purchase		29		58.3200 EUR
ORD		Purchase		29		58.3300 EUR
ORD		Purchase		33		57.9900 EUR
ORD		Purchase		33		58.0900 EUR
ORD (traded as ADR)		Purchase		33		15.7600 USD
ORD		Purchase		38		58.5800 EUR
ORD		Purchase		40		58.9400 EUR
ORD		Purchase		40		59.0700 EUR
ORD		Purchase		40		59.0850 EUR
ORD		Purchase		40		59.1610 EUR
ORD		Purchase		40		59.1650 EUR
ORD		Purchase		40		59.2000 EUR
ORD		Purchase		44		58.3350 EUR
ORD		Purchase		44		59.6610 EUR
ORD		Purchase		46		58.8300 EUR
ORD		Purchase		48		59.0500 EUR
ORD		Purchase		48		59.1100 EUR
ORD		Purchase		48		59.5300 EUR
ORD		Purchase		48		59.6300 EUR
ORD		Purchase		48		59.6550 EUR
ORD		Purchase		48		59.6650 EUR
ORD		Purchase		48		59.6700 EUR
ORD		Purchase		49		58.2700 EUR
ORD		Purchase		49		58.3550 EUR
ORD		Purchase		49		58.3650 EUR
ORD		Purchase		52		59.6800 EUR
ORD		Purchase		56		57.9800 EUR
ORD		Purchase		56		58.0210 EUR
ORD		Purchase		56		58.0250 EUR
ORD		Purchase		56		58.0400 EUR
ORD		Purchase		56		58.0700 EUR
ORD		Purchase		56		58.1000 EUR
ORD		Purchase		61		58.6100 EUR
ORD		Purchase		66		58.0500 EUR
ORD		Purchase		67		58.2800 EUR
ORD		Purchase		93		58.3450 EUR
ORD		Purchase		96		59.6310 EUR
ORD		Purchase		105		59.5900 EUR
ORD		Purchase		114		58.5733 EUR
ORD		Purchase		115		58.6548 EUR
ORD		Purchase		116		58.6600 EUR
ORD		Purchase		116		58.8200 EUR
ORD		Purchase		144		59.6450 EUR
ORD		Purchase		155		58.0300 EUR
ORD		Purchase		181		59.6500 EUR
ORD		Purchase		183		59.1900 EUR
ORD		Purchase		220		59.6400 EUR
ORD		Purchase		264		58.0800 EUR
ORD		Purchase		289		59.6350 EUR
ORD		Purchase		300		58.7153 EUR
ORD		Purchase		300		59.0200 EUR
ORD		Purchase		300		59.2500 EUR
ORD		Purchase		323		59.0100 EUR
ORD		Purchase		327		58.8000 EUR
ORD		Purchase		333		58.0100 EUR
ORD		Purchase		340		58.3490 EUR
ORD		Purchase		387		58.3500 EUR
ORD		Purchase		400		58.3590 EUR
ORD		Purchase		478		58.9900 EUR
ORD		Purchase		600		58.3800 EUR
ORD		Purchase		700		58.3690 EUR
ORD		Purchase		700		58.6800 EUR
ORD		Purchase		778		58.3400 EUR
ORD		Purchase		869		58.0139 EUR
ORD (traded as ADR)		Purchase		946		15.8292 USD
ORD		Purchase		1,034		58.6677 EUR
ORD		Purchase		1,115		59.6351 EUR
ORD		Purchase		1,483		57.9073 EUR
ORD		Purchase		1,549		59.1312 EUR
ORD		Purchase		1,734		58.7485 EUR
ORD		Purchase		2,341		59.1436 EUR
ORD		Purchase		2,675		58.7415 EUR
ORD		Purchase		2,872		57.8900 EUR
ORD		Purchase		3,062		58.0390 EUR
ORD		Purchase		3,915		58.4144 EUR
ORD		Purchase		5,550		58.6903 EUR
ORD		Purchase		5,823		58.4811 EUR
ORD		Purchase		6,374		58.6607 EUR
ORD		Purchase		10,117		59.2178 EUR
ORD		Purchase		15,323		58.8522 EUR
ORD		Purchase		31,239		58.1922 EUR
ORD		Purchase		50,225		58.6236 EUR
ORD (traded as ADR)		Sale		15		15.8400 USD
ORD		Sale		22		59.6460 EUR
ORD		Sale		23		59.5760 EUR
ORD		Sale		23		59.5800 EUR
ORD		Sale		24		58.9550 EUR
ORD		Sale		24		59.0800 EUR
ORD		Sale		29		58.3200 EUR
ORD		Sale		29		58.3300 EUR
ORD (traded as ADR)		Sale		33		15.7600 USD
ORD		Sale		33		57.9900 EUR
ORD		Sale		33		58.0900 EUR
ORD		Sale		38		58.5800 EUR
ORD		Sale		40		58.9400 EUR
ORD		Sale		40		59.0700 EUR
ORD		Sale		40		59.0850 EUR
ORD		Sale		40		59.1610 EUR
ORD		Sale		40		59.1650 EUR
ORD		Sale		40		59.2000 EUR
ORD		Sale		44		58.3350 EUR
ORD		Sale		44		59.6610 EUR
ORD		Sale		46		58.8300 EUR
ORD		Sale		48		59.0500 EUR
ORD		Sale		48		59.1100 EUR
ORD		Sale		48		59.5300 EUR
ORD		Sale		48		59.6300 EUR
ORD		Sale		48		59.6550 EUR
ORD		Sale		48		59.6650 EUR
ORD		Sale		48		59.6700 EUR
ORD		Sale		49		58.2700 EUR
ORD		Sale		49		58.3550 EUR
ORD		Sale		49		58.3650 EUR
ORD		Sale		52		59.6800 EUR
ORD		Sale		56		57.9800 EUR
ORD		Sale		56		58.0210 EUR
ORD		Sale		56		58.0250 EUR
ORD		Sale		56		58.0400 EUR
ORD		Sale		56		58.0700 EUR
ORD		Sale		56		58.1000 EUR
ORD		Sale		61		58.6100 EUR
ORD		Sale		66		58.0500 EUR
ORD		Sale		67		58.2800 EUR
ORD		Sale		76		58.5700 EUR
ORD		Sale		92		58.8197 EUR
ORD		Sale		93		58.3450 EUR
ORD		Sale		96		59.6310 EUR
ORD		Sale		105		59.5900 EUR
ORD		Sale		116		58.6600 EUR
ORD		Sale		116		58.8200 EUR
ORD		Sale		144		59.6450 EUR
ORD		Sale		155		58.0300 EUR
ORD		Sale		181		59.6500 EUR
ORD		Sale		183		59.1900 EUR
ORD		Sale		211		58.0263 EUR
ORD		Sale		220		59.1250 EUR
ORD		Sale		220		59.6400 EUR
ORD		Sale		225		58.8086 EUR
ORD		Sale		264		58.0800 EUR
ORD		Sale		289		59.6350 EUR
ORD		Sale		300		58.7153 EUR
ORD		Sale		300		59.0200 EUR
ORD		Sale		323		59.0100 EUR
ORD		Sale		327		58.8000 EUR
ORD		Sale		333		58.0100 EUR
ORD		Sale		340		58.3490 EUR
ORD		Sale		387		58.3500 EUR
ORD		Sale		400		58.3590 EUR
ORD		Sale		475		58.0358 EUR
ORD		Sale		600		59.2500 EUR
ORD		Sale		700		58.3690 EUR
ORD		Sale		700		58.9468 EUR
ORD		Sale		778		58.3400 EUR
ORD		Sale		800		58.3800 EUR
ORD (traded as ADR)		Sale		946		15.8292 USD
ORD		Sale		1,202		58.7134 EUR
ORD		Sale		1,299		58.4351 EUR
ORD		Sale		3,000		58.5772 EUR
ORD		Sale		3,565		58.3877 EUR
ORD		Sale		4,729		15.8292 USD
ORD		Sale		5,073		59.5241 EUR
ORD		Sale		6,503		59.1459 EUR
ORD		Sale		6,519		59.1972 EUR
ORD		Sale		7,902		58.5765 EUR
ORD		Sale		11,860		59.1280 EUR
ORD		Sale		11,860		59.2783 EUR
ORD		Sale		13,493		59.1631 EUR
ORD		Sale		14,275		57.8900 EUR
ORD		Sale		16,312		58.1911 EUR
ORD		Sale		19,193		58.7747 EUR
ORD		Sale		23,563		59.2062 EUR
ORD		Sale		58,885		58.4217 EUR

(b) Derivatives transactions (other than options)

Class of relevant security

Product description e.g. CFD

Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of reference securities

Price per unit

(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:		6 Dec 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 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

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

48.0000

American

19 Dec 2014

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

Call Options

Purchased

50,000

52.0000

American

20 Dec 2013

ORD

Call Options

Purchased

75,000

60.0000

American

19 Dec 2014

ORD

Call Options

Purchased

100,000

64.0000

American

20 Dec 2013

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

-50,000

48.0000

American

20 Dec 2013

ORD

Call Options

Written

-100,000

50.0000

American

20 Dec 2013

ORD

Call Options

Written

-75,000

60.0000

American

20 Dec 2013

ORD

Call Options

Written

-100,000

62.0000

American

20 Dec 2013

ORD

Call Options

Written

-50,000

64.0000

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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Related Shares:

Barclays