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

29th Jul 2013 11:08

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:
(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:		1,223,420		0.22%		109,195		0.02%
(2)		Derivatives (other than
		options):		1,040,209		0.19%		1,417,029		0.25%
(3)		Options and agreements to
		purchase/sell:		1,164,900		0.21%		1,690,000		0.30%
(4)		TOTAL:
				3,428,529		0.62%		3,216,224		0.57%

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		41		58.2900 EUR
ORD		Purchase		86		58.0400 EUR
ORD		Purchase		200		58.0600 EUR
ORD		Purchase		210		58.1190 EUR
ORD		Purchase		259		58.1589 EUR
ORD		Purchase		269		58.1484 EUR
ORD		Purchase		597		58.0201 EUR
ORD		Purchase		708		58.0774 EUR
ORD		Purchase		728		58.0862 EUR
ORD		Purchase		1,291		58.0809 EUR
ORD		Purchase		1,780		58.1009 EUR
ORD		Purchase		1,850		58.0690 EUR
ORD		Purchase		3,197		58.0163 EUR
ORD		Purchase		3,526		15.4051 USD
ORD		Purchase		5,478		58.0896 EUR
ORD		Purchase		5,974		58.0877 EUR
ORD		Purchase		6,160		58.3400 EUR
ORD		Purchase		9,061		58.0850 EUR
ORD		Purchase		26,626		58.2033 EUR
ORD		Sale		5		58.0900 EUR
ORD		Sale		5		58.1100 EUR
ORD		Sale		10		58.2500 EUR
ORD		Sale		25		58.1000 EUR
ORD		Sale		188		58.2057 EUR
ORD		Sale		383		58.1824 EUR
ORD		Sale		597		57.9705 EUR
ORD		Sale		1,020		58.0653 EUR
ORD		Sale		1,071		58.0132 EUR
ORD		Sale		1,121		58.0895 EUR
ORD		Sale		1,358		58.1911 EUR
ORD		Sale		1,541		58.1573 EUR
ORD		Sale		1,755		58.0167 EUR
ORD		Sale		1,945		58.0659 EUR
ORD		Sale		3,283		58.0770 EUR
ORD		Sale		3,324		58.0848 EUR
ORD		Sale		3,741		58.0677 EUR
ORD		Sale		4,085		58.1061 EUR
ORD		Sale		4,322		58.0840 EUR
ORD		Sale		7,413		58.0803 EUR
ORD		Sale		11,882		58.3400 EUR
ORD		Sale		12,258		58.0914 EUR
ORD		Sale		22,213		58.1210 EUR
ORD (traded as ADR)		Purchase		50		15.4000 USD
ORD (traded as ADR)		Purchase		55		15.4300 USD
ORD (traded as ADR)		Purchase		106		15.4827 USD
ORD (traded as ADR)		Purchase		3,526		15.4051 USD
ORD (traded as ADR)		Sale		14		15.5000 USD
ORD (traded as ADR)		Sale		91		15.4800 USD
ORD (traded as ADR)		Sale		105		15.4157 USD
ORD (traded as ADR)		Sale		587		15.4051 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		405		58.1828 EUR
ORD		SWAP		Long		546		58.1483 EUR
ORD		CFD		Long		597		57.9705 EUR
ORD		SWAP		Long		1,020		58.0653 EUR
ORD		SWAP		Long		8,650		58.1190 EUR
ORD		SWAP		Long		9,399		58.0746 EUR
ORD		CFD		Short		6		58.2566 EUR
ORD		CFD		Short		41		58.2900 EUR
ORD		CFD		Short		200		57.9787 EUR
ORD		SWAP		Short		200		58.1200 EUR
ORD		SWAP		Short		307		58.0699 EUR
ORD		SWAP		Short		400		58.1139 EUR
ORD		SWAP		Short		578		58.1049 EUR
ORD		CFD		Short		597		58.0201 EUR
ORD		SWAP		Short		2,011		58.0592 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:		29 Jul 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

28 Jul 2013

ORD

Put Options

Purchased

25,000

42.0000

American

28 Jul 2013

ORD

Put Options

Purchased

25,000

43.0000

American

28 Jul 2013

ORD

Put Options

Purchased

125,000

44.0000

American

28 Jul 2013

ORD

Put Options

Purchased

200,000

48.0000

American

28 Jul 2013

ORD

Put Options

Purchased

100,000

50.0000

American

28 Jul 2013

ORD

Put Options

Purchased

100,000

56.0000

American

28 Jul 2013

ORD

Put Options

Written

-200,000

42.0000

American

28 Jul 2013

ORD

Put Options

Written

-200,000

48.0000

American

28 Jul 2013

ORD

Put Options

Written

-100,000

50.0000

American

28 Jul 2013

ORD

Put Options

Written

-100,000

52.0000

American

28 Jul 2013

ORD

Put Options

Written

-50,000

60.0000

American

28 Jul 2013

ORD

Call Options

Purchased

50,000

52.0000

American

28 Jul 2013

ORD

Call Options

Purchased

149,900

58.0000

American

28 Jul 2013

ORD

Call Options

Purchased

100,000

64.0000

American

28 Jul 2013

ORD

Call Options

Written

-50,000

48.0000

American

28 Jul 2013

ORD

Call Options

Written

-100,000

50.0000

American

28 Jul 2013

ORD

Call Options

Written

-200,000

58.0000

American

28 Jul 2013

ORD

Call Options

Written

-50,000

60.0000

American

28 Jul 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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