18th Nov 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 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: | 15 Nov 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: | 1,762,854 | 0.31% | 1,540,552 | 0.27% | |||||||
| (2) | Derivatives (other than | ||||||||||
| options): | 2,304,894 | 0.41% | 1,391,038 | 0.25% | |||||||
| (3) | Options and agreements to | ||||||||||
| purchase/sell: | 1,240,000 | 0.22% | 1,715,000 | 0.31% | |||||||
| (4) | TOTAL: | ||||||||||
| 5,307,748 | 0.95% | 4,646,590 | 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 (traded as ADR) | Purchase | 6 | 16.5800 USD | ||||
| ORD (traded as ADR) | Purchase | 14 | 16.5200 USD | ||||
| ORD | Purchase | 22 | 61.5900 EUR | ||||
| ORD | Purchase | 30 | 61.6140 EUR | ||||
| ORD | Purchase | 39 | 61.0200 EUR | ||||
| ORD | Purchase | 64 | 61.6800 EUR | ||||
| ORD | Purchase | 85 | 61.4600 EUR | ||||
| ORD | Purchase | 98 | 61.3300 EUR | ||||
| ORD | Purchase | 148 | 61.3200 EUR | ||||
| ORD | Purchase | 152 | 61.7200 EUR | ||||
| ORD | Purchase | 158 | 61.5834 EUR | ||||
| ORD | Purchase | 174 | 61.7035 EUR | ||||
| ORD | Purchase | 246 | 61.3500 EUR | ||||
| ORD | Purchase | 286 | 61.5500 EUR | ||||
| ORD | Purchase | 377 | 61.5800 EUR | ||||
| ORD (traded as ADR) | Purchase | 413 | 16.5867 USD | ||||
| ORD (traded as ADR) | Purchase | 448 | 16.5453 USD | ||||
| ORD | Purchase | 460 | 61.1700 EUR | ||||
| ORD | Purchase | 600 | 61.5982 EUR | ||||
| ORD | Purchase | 737 | 61.6100 EUR | ||||
| ORD | Purchase | 1,188 | 61.5018 EUR | ||||
| ORD | Purchase | 1,272 | 61.4849 EUR | ||||
| ORD | Purchase | 2,242 | 16.5453 USD | ||||
| ORD | Purchase | 2,413 | 61.5717 EUR | ||||
| ORD | Purchase | 3,000 | 61.5712 EUR | ||||
| ORD | Purchase | 4,499 | 61.6858 EUR | ||||
| ORD | Purchase | 7,594 | 61.6600 EUR | ||||
| ORD | Purchase | 11,355 | 61.5638 EUR | ||||
| ORD | Purchase | 16,454 | 61.5669 EUR | ||||
| ORD | Purchase | 35,619 | 61.6092 EUR | ||||
| ORD | Sale | 1 | 61.6050 EUR | ||||
| ORD | Sale | 5 | 61.8000 EUR | ||||
| ORD | Sale | 11 | 61.6250 EUR | ||||
| ORD (traded as ADR) | Sale | 20 | 16.5382 USD | ||||
| ORD | Sale | 22 | 61.5900 EUR | ||||
| ORD | Sale | 30 | 61.6140 EUR | ||||
| ORD | Sale | 39 | 61.0200 EUR | ||||
| ORD | Sale | 98 | 61.3300 EUR | ||||
| ORD | Sale | 98 | 61.6200 EUR | ||||
| ORD | Sale | 115 | 61.7400 EUR | ||||
| ORD | Sale | 122 | 61.6700 EUR | ||||
| ORD | Sale | 143 | 61.5500 EUR | ||||
| ORD | Sale | 148 | 61.3200 EUR | ||||
| ORD | Sale | 186 | 61.6800 EUR | ||||
| ORD | Sale | 204 | 61.7600 EUR | ||||
| ORD | Sale | 230 | 61.7100 EUR | ||||
| ORD | Sale | 232 | 61.6900 EUR | ||||
| ORD | Sale | 242 | 61.7000 EUR | ||||
| ORD | Sale | 243 | 61.7300 EUR | ||||
| ORD | Sale | 246 | 61.3500 EUR | ||||
| ORD | Sale | 300 | 61.3408 EUR | ||||
| ORD | Sale | 336 | 61.7700 EUR | ||||
| ORD | Sale | 377 | 61.5800 EUR | ||||
| ORD | Sale | 382 | 61.6500 EUR | ||||
| ORD | Sale | 397 | 61.7200 EUR | ||||
| ORD (traded as ADR) | Sale | 413 | 16.5867 USD | ||||
| ORD (traded as ADR) | Sale | 448 | 16.5453 USD | ||||
| ORD | Sale | 465 | 61.5887 EUR | ||||
| ORD | Sale | 565 | 61.6275 EUR | ||||
| ORD | Sale | 598 | 61.6055 EUR | ||||
| ORD | Sale | 612 | 61.6300 EUR | ||||
| ORD | Sale | 622 | 61.6105 EUR | ||||
| ORD | Sale | 737 | 61.6100 EUR | ||||
| ORD | Sale | 915 | 61.5355 EUR | ||||
| ORD | Sale | 1,314 | 61.3271 EUR | ||||
| ORD | Sale | 1,393 | 61.5846 EUR | ||||
| ORD | Sale | 2,000 | 61.6852 EUR | ||||
| ORD | Sale | 2,065 | 16.5867 USD | ||||
| ORD | Sale | 2,167 | 61.5926 EUR | ||||
| ORD | Sale | 3,892 | 61.5709 EUR | ||||
| ORD | Sale | 4,499 | 61.6857 EUR | ||||
| ORD | Sale | 5,103 | 61.6556 EUR | ||||
| ORD | Sale | 7,368 | 61.6600 EUR | ||||
| ORD | Sale | 7,787 | 61.6164 EUR | ||||
| ORD | Sale | 8,172 | 61.5840 EUR | ||||
| ORD | Sale | 30,738 | 61.6157 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 | 34 | 61.6876 EUR | |||||
| ORD | SWAP | Long | 300 | 61.3407 EUR | |||||
| ORD | CFD | Short | 460 | 61.1779 EUR | |||||
| ORD | SWAP | Short | 1,188 | 61.5018 EUR | |||||
| ORD | CFD | Short | 16,454 | 61.5669 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: | 18 Nov 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 | 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 | 100,000 | 68.0000 | American | 20 Jun 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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