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

24th Sep 2013 12:03

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:		23 September 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:		1,507,340		0.27%		1,184,937		0.21%
(2)		Derivatives (other than
		options):		2,010,178		0.36%		1,356,003		0.24%
(3)		Options and agreements to
		purchase/sell:		1,015,000		0.18%		1,690,000		0.30%
(4)		TOTAL:
				4,532,432		0.81%		4,230,940		0.76%

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		7		64.7400 EUR
ORD		Purchase		33		64.7700 EUR
ORD		Purchase		36		64.8010 EUR
ORD		Purchase		41		64.6500 EUR
ORD		Purchase		42		64.5400 EUR
ORD		Purchase		68		64.6540 EUR
ORD		Purchase		68		64.6550 EUR
ORD		Purchase		68		64.7750 EUR
ORD		Purchase		80		64.9300 EUR
ORD		Purchase		82		64.6950 EUR
ORD		Purchase		100		64.9500 EUR
ORD		Purchase		109		64.9090 EUR
ORD		Purchase		111		64.5900 EUR
ORD		Purchase		133		64.8500 EUR
ORD		Purchase		137		64.7910 EUR
ORD		Purchase		156		65.1600 EUR
ORD		Purchase		156		65.2200 EUR
ORD		Purchase		168		64.8000 EUR
ORD		Purchase		200		17.4400 USD
ORD		Purchase		250		65.2900 EUR
ORD		Purchase		250		65.3000 EUR
ORD		Purchase		274		64.9864 EUR
ORD		Purchase		302		64.6800 EUR
ORD		Purchase		305		64.9800 EUR
ORD		Purchase		340		64.7000 EUR
ORD		Purchase		387		64.9900 EUR
ORD		Purchase		400		64.7200 EUR
ORD		Purchase		403		65.1482 EUR
ORD		Purchase		471		64.4100 EUR
ORD		Purchase		574		64.9150 EUR
ORD		Purchase		578		64.7100 EUR
ORD		Purchase		647		64.9600 EUR
ORD		Purchase		746		64.6900 EUR
ORD		Purchase		839		64.9476 EUR
ORD		Purchase		1,074		64.7300 EUR
ORD		Purchase		1,130		64.9066 EUR
ORD		Purchase		1,310		64.8335 EUR
ORD		Purchase		1,474		64.7617 EUR
ORD		Purchase		1,655		64.9216 EUR
ORD		Purchase		2,138		64.9700 EUR
ORD		Purchase		2,400		65.0000 EUR
ORD		Purchase		3,801		64.9699 EUR
ORD		Purchase		4,667		64.9652 EUR
ORD		Purchase		6,280		64.7737 EUR
ORD		Purchase		11,380		64.7963 EUR
ORD		Purchase		16,191		64.9486 EUR
ORD		Purchase		16,667		64.8170 EUR
ORD		Purchase		38,415		64.9243 EUR
ORD		Purchase		1,000		64.9200 EUR
ORD (traded as ADR)		Purchase		29		17.4800 USD
ORD (traded as ADR)		Purchase		40		17.4400 USD
ORD (traded as ADR)		Purchase		121		17.4585 USD
ORD (traded as ADR)		Purchase		197		17.4989 USD
ORD (traded as ADR)		Sale		7		17.4700 USD
ORD (traded as ADR)		Sale		29		17.4800 USD
ORD (traded as ADR)		Sale		30		17.4540 USD
ORD (traded as ADR)		Sale		40		17.4400 USD
ORD (traded as ADR)		Sale		83		17.4500 USD
ORD (traded as ADR)		Sale		197		17.4989 USD
ORD		Sale		1,093		64.7461 EUR
ORD		Sale		7		64.7400 EUR
ORD		Sale		18		65.1700 EUR
ORD		Sale		33		64.7700 EUR
ORD		Sale		36		64.8010 EUR
ORD		Sale		41		64.6500 EUR
ORD		Sale		42		64.5400 EUR
ORD		Sale		68		64.6540 EUR
ORD		Sale		68		64.6550 EUR
ORD		Sale		68		64.7750 EUR
ORD		Sale		80		64.9300 EUR
ORD		Sale		82		64.6950 EUR
ORD		Sale		109		64.5900 EUR
ORD		Sale		109		64.9090 EUR
ORD		Sale		116		64.7500 EUR
ORD		Sale		133		64.8500 EUR
ORD		Sale		137		64.7910 EUR
ORD		Sale		156		65.1600 EUR
ORD		Sale		156		65.2200 EUR
ORD		Sale		168		64.8000 EUR
ORD		Sale		250		65.2900 EUR
ORD		Sale		250		65.3000 EUR
ORD		Sale		287		64.9900 EUR
ORD		Sale		300		64.8045 EUR
ORD		Sale		302		64.6800 EUR
ORD		Sale		305		64.9800 EUR
ORD		Sale		337		65.1482 EUR
ORD		Sale		340		64.7000 EUR
ORD		Sale		400		64.7200 EUR
ORD		Sale		471		64.4100 EUR
ORD		Sale		578		64.7100 EUR
ORD		Sale		623		64.9600 EUR
ORD		Sale		746		64.6900 EUR
ORD		Sale		832		65.0097 EUR
ORD		Sale		892		64.9891 EUR
ORD		Sale		987		17.4989 USD
ORD		Sale		1,062		64.9906 EUR
ORD		Sale		1,150		64.7977 EUR
ORD		Sale		1,613		65.0197 EUR
ORD		Sale		2,010		65.0398 EUR
ORD		Sale		2,138		64.9700 EUR
ORD		Sale		2,204		64.7862 EUR
ORD		Sale		2,400		65.0000 EUR
ORD		Sale		2,424		64.9359 EUR
ORD		Sale		2,670		64.7300 EUR
ORD		Sale		3,551		64.8413 EUR
ORD		Sale		4,014		65.2320 EUR
ORD		Sale		4,247		65.1287 EUR
ORD		Sale		4,946		64.9819 EUR
ORD		Sale		8,643		64.8330 EUR
ORD		Sale		13,518		64.9110 EUR
ORD		Sale		26,343		64.7886 EUR
ORD		Sale		28,837		64.9431 EUR

(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		40		64.7215 EUR
ORD		SWAP		Long		639		64.7178 EUR
ORD		SWAP		Long		1,028		64.9428 EUR
ORD		SWAP		Long		2,085		64.9956 EUR
ORD		SWAP		Long		2,174		65.1832 EUR
ORD		CFD		Long		4,014		65.2320 EUR
ORD		CFD		Short		74		64.4483 EUR
ORD		SWAP		Short		264		64.9097 EUR
ORD		SWAP		Short		1,017		64.9215 EUR
ORD		SWAP		Short		3,452		65.1616 EUR
ORD		SWAP		Short		6,601		64.7699 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:		24 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.

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

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

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

18 Oct 2013

ORD

Call Options

Written

-100,000

68.0000

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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