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

29th Aug 2013 11:34

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:		28 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:		1,347,086		0.24%		863,875		0.15%
(2)		Derivatives (other than
		options):		1,686,871		0.30%		1,450,541		0.26%
(3)		Options and agreements to
		purchase/sell:		1,165,000		0.21%		1,540,000		0.27%
(4)		TOTAL:
				4,198,957		0.75%		3,854,416		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		1		58.3400 EUR
ORD		Purchase		2		58.3500 EUR
ORD		Purchase		4		58.3600 EUR
ORD		Purchase		440		15.5500 USD
ORD		Purchase		1,005		58.1563 EUR
ORD		Purchase		1,051		58.2959 EUR
ORD		Purchase		1,843		58.2700 EUR
ORD		Purchase		2,299		58.2376 EUR
ORD		Purchase		2,989		58.2873 EUR
ORD		Purchase		3,146		58.2472 EUR
ORD		Purchase		3,571		58.2438 EUR
ORD		Purchase		4,721		58.2351 EUR
ORD		Purchase		8,199		58.2426 EUR
ORD		Purchase		9,446		58.2013 EUR
ORD		Purchase		9,871		58.4175 EUR
ORD		Purchase		13,950		58.2816 EUR
ORD		Purchase		17,111		58.2629 EUR
ORD		Purchase		52,072		58.2572 EUR
ORD		Purchase		71,667		58.2252 EUR
ORD		Purchase		120,257		58.2331 EUR
ORD		Purchase		396		58.5400 EUR
ORD		Purchase		2,020		58.2700 EUR
ORD		Purchase		40,164		58.3211 EUR
ORD (traded as ADR)		Purchase		8		15.5200 USD
ORD (traded as ADR)		Purchase		61		15.4400 USD
ORD (traded as ADR)		Purchase		88		15.5500 USD
ORD (traded as ADR)		Purchase		237		15.5469 USD
ORD (traded as ADR)		Sale		8		15.5200 USD
ORD (traded as ADR)		Sale		61		15.4400 USD
ORD (traded as ADR)		Sale		88		15.5500 USD
ORD (traded as ADR)		Sale		237		15.5469 USD
ORD		Sale		419		58.1645 EUR
ORD		Sale		501		58.4268 EUR
ORD		Sale		704		58.3088 EUR
ORD		Sale		710		58.2005 EUR
ORD		Sale		894		58.2700 EUR
ORD		Sale		926		58.3110 EUR
ORD		Sale		1,113		58.1575 EUR
ORD		Sale		1,146		58.3930 EUR
ORD		Sale		1,186		15.5469 USD
ORD		Sale		1,270		58.3595 EUR
ORD		Sale		1,292		58.1269 EUR
ORD		Sale		1,531		58.2736 EUR
ORD		Sale		1,760		58.2627 EUR
ORD		Sale		1,956		58.2304 EUR
ORD		Sale		3,374		58.3571 EUR
ORD		Sale		4,947		58.4030 EUR
ORD		Sale		11,052		58.2299 EUR
ORD		Sale		11,071		58.2621 EUR
ORD		Sale		20,990		58.2482 EUR
ORD		Sale		22,774		58.2917 EUR
ORD		Sale		23,064		58.2537 EUR
ORD		Sale		25,000		58.2873 EUR
ORD		Sale		27,670		58.2357 EUR
ORD		Sale		30,731		58.1498 EUR
ORD		Sale		36,050		58.2607 EUR
ORD		Sale		41,162		58.2275 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		87		58.5896 EUR
ORD		SWAP		Long		436		58.1825 EUR
ORD		SWAP		Long		528		58.3693 EUR
ORD		SWAP		Long		884		58.4191 EUR
ORD		CFD		Long		1,000		58.0718 EUR
ORD		SWAP		Long		1,113		58.1575 EUR
ORD		SWAP		Long		3,169		58.3097 EUR
ORD		SWAP		Long		4,067		58.5179 EUR
ORD		SWAP		Long		5,987		58.2573 EUR
ORD		CFD		Long		30,731		58.1498 EUR
ORD		CFD		Short		39		57.9487 EUR
ORD		SWAP		Short		257		57.8586 EUR
ORD		SWAP		Short		543		58.0155 EUR
ORD		CFD		Short		2,989		58.2873 EUR
ORD		SWAP		Short		4,645		58.1983 EUR
ORD		SWAP		Short		4,721		58.2351 EUR
ORD		SWAP		Short		7,104		58.1045 EUR
ORD		SWAP		Short		8,748		58.2191 EUR
ORD		SWAP		Short		29,634		58.2460 EUR
ORD		CFD		Short		90,671		58.2511 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 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.

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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