23rd Dec 2013 12:15
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: | 20 December 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: | 2,032,487 | 0.36% | 1,437,247 | 0.26% | ||||||
| (2) | Derivatives (other than | |||||||||
| options): | 1,859,527 | 0.34% | 571,133 | 0.10% | ||||||
| (3) | Options and agreements to | |||||||||
| purchase/sell: | 682,000 | 0.12% | 869,000 | 0.16% | ||||||
| (4) | TOTAL: | |||||||||
| 4,574,014 | 0.82% | 2,877,380 | 0.51% |
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 | 6 | 61.5410 EUR | ||||
| ORD | Purchase | 16 | 61.5000 EUR | ||||
| ORD | Purchase | 23 | 61.3300 EUR | ||||
| ORD | Purchase | 23 | 61.4000 EUR | ||||
| ORD | Purchase | 44 | 61.1640 EUR | ||||
| ORD | Purchase | 44 | 61.2700 EUR | ||||
| ORD | Purchase | 44 | 61.4750 EUR | ||||
| ORD | Purchase | 44 | 61.5200 EUR | ||||
| ORD | Purchase | 44 | 61.5550 EUR | ||||
| ORD | Purchase | 44 | 61.5600 EUR | ||||
| ORD | Purchase | 44 | 61.6010 EUR | ||||
| ORD | Purchase | 49 | 61.5450 EUR | ||||
| ORD | Purchase | 51 | 61.7900 EUR | ||||
| ORD | Purchase | 58 | 61.6200 EUR | ||||
| ORD | Purchase | 58 | 61.6400 EUR | ||||
| ORD | Purchase | 70 | 61.5500 EUR | ||||
| ORD | Purchase | 75 | 62.0550 EUR | ||||
| ORD | Purchase | 75 | 62.0850 EUR | ||||
| ORD | Purchase | 110 | 61.4700 EUR | ||||
| ORD | Purchase | 112 | 62.1100 EUR | ||||
| ORD | Purchase | 122 | 62.0650 EUR | ||||
| ORD | Purchase | 127 | 61.5900 EUR | ||||
| ORD | Purchase | 150 | 61.1147 EUR | ||||
| ORD | Purchase | 189 | 61.3477 EUR | ||||
| ORD | Purchase | 221 | 61.3100 EUR | ||||
| ORD | Purchase | 232 | 62.1400 EUR | ||||
| ORD | Purchase | 249 | 61.6000 EUR | ||||
| ORD | Purchase | 252 | 62.0800 EUR | ||||
| ORD | Purchase | 262 | 62.0600 EUR | ||||
| ORD | Purchase | 361 | 62.0700 EUR | ||||
| ORD | Purchase | 367 | 61.5300 EUR | ||||
| ORD | Purchase | 447 | 61.5400 EUR | ||||
| ORD | Purchase | 457 | 61.5838 EUR | ||||
| ORD | Purchase | 500 | 61.2200 EUR | ||||
| ORD | Purchase | 505 | 62.0500 EUR | ||||
| ORD | Purchase | 511 | 61.4900 EUR | ||||
| ORD | Purchase | 539 | 62.1800 EUR | ||||
| ORD | Purchase | 616 | 61.5700 EUR | ||||
| ORD | Purchase | 790 | 61.5505 EUR | ||||
| ORD | Purchase | 900 | 61.5671 EUR | ||||
| ORD | Purchase | 960 | 16.8800 USD | ||||
| ORD | Purchase | 1,046 | 61.5760 EUR | ||||
| ORD | Purchase | 1,081 | 61.6100 EUR | ||||
| ORD | Purchase | 2,518 | 61.8632 EUR | ||||
| ORD | Purchase | 3,550 | 62.0682 EUR | ||||
| ORD | Purchase | 3,846 | 61.6511 EUR | ||||
| ORD | Purchase | 4,372 | 61.7057 EUR | ||||
| ORD | Purchase | 5,000 | 61.7800 EUR | ||||
| ORD | Purchase | 5,000 | 62.0334 EUR | ||||
| ORD | Purchase | 7,917 | 62.0286 EUR | ||||
| ORD | Purchase | 18,359 | 61.6422 EUR | ||||
| ORD | Purchase | 19,152 | 61.6555 EUR | ||||
| ORD | Purchase | 27,620 | 62.0000 EUR | ||||
| ORD | Purchase | 42,115 | 62.0100 EUR | ||||
| ORD | Purchase | 50,000 | 48.0000 EUR | ||||
| ORD | Purchase | 66,313 | 61.7715 EUR | ||||
| ORD | Purchase | 100,000 | 52.0000 EUR | ||||
| ORD | Purchase | 202,037 | 62.0076 EUR | ||||
| ORD | Purchase | 1,166 | 62.0100 EUR | ||||
| ORD (traded as ADR) | Purchase | 5 | 16.9400 USD | ||||
| ORD (traded as ADR) | Purchase | 27 | 16.9572 USD | ||||
| ORD (traded as ADR) | Purchase | 192 | 16.8800 USD | ||||
| ORD (traded as ADR) | Purchase | 201 | 16.9399 USD | ||||
| ORD (traded as ADR) | Purchase | 581 | 16.8120 USD | ||||
| ORD (traded as ADR) | Sale | 11 | 16.9800 USD | ||||
| ORD (traded as ADR) | Sale | 20 | 16.9400 USD | ||||
| ORD (traded as ADR) | Sale | 192 | 16.8800 USD | ||||
| ORD (traded as ADR) | Sale | 201 | 16.9399 USD | ||||
| ORD | Sale | 6 | 61.5410 EUR | ||||
| ORD | Sale | 11 | 61.2100 EUR | ||||
| ORD | Sale | 16 | 61.5000 EUR | ||||
| ORD | Sale | 23 | 61.3300 EUR | ||||
| ORD | Sale | 23 | 61.4000 EUR | ||||
| ORD | Sale | 44 | 61.1640 EUR | ||||
| ORD | Sale | 44 | 61.2700 EUR | ||||
| ORD | Sale | 44 | 61.4750 EUR | ||||
| ORD | Sale | 44 | 61.5200 EUR | ||||
| ORD | Sale | 44 | 61.5550 EUR | ||||
| ORD | Sale | 44 | 61.5600 EUR | ||||
| ORD | Sale | 44 | 61.6010 EUR | ||||
| ORD | Sale | 49 | 61.5450 EUR | ||||
| ORD | Sale | 51 | 61.7900 EUR | ||||
| ORD | Sale | 58 | 61.6200 EUR | ||||
| ORD | Sale | 58 | 61.6400 EUR | ||||
| ORD | Sale | 70 | 61.5500 EUR | ||||
| ORD | Sale | 75 | 62.0550 EUR | ||||
| ORD | Sale | 75 | 62.0850 EUR | ||||
| ORD | Sale | 110 | 61.4700 EUR | ||||
| ORD | Sale | 112 | 62.1100 EUR | ||||
| ORD | Sale | 122 | 62.0650 EUR | ||||
| ORD | Sale | 127 | 61.5900 EUR | ||||
| ORD | Sale | 150 | 61.1147 EUR | ||||
| ORD | Sale | 184 | 61.6450 EUR | ||||
| ORD | Sale | 221 | 61.3100 EUR | ||||
| ORD | Sale | 232 | 62.1400 EUR | ||||
| ORD | Sale | 249 | 61.6000 EUR | ||||
| ORD | Sale | 252 | 62.0800 EUR | ||||
| ORD | Sale | 262 | 62.0600 EUR | ||||
| ORD | Sale | 312 | 61.7475 EUR | ||||
| ORD | Sale | 361 | 62.0700 EUR | ||||
| ORD | Sale | 367 | 61.5300 EUR | ||||
| ORD | Sale | 447 | 61.5400 EUR | ||||
| ORD | Sale | 505 | 62.0500 EUR | ||||
| ORD | Sale | 511 | 61.4900 EUR | ||||
| ORD | Sale | 514 | 61.7105 EUR | ||||
| ORD | Sale | 616 | 61.5700 EUR | ||||
| ORD | Sale | 829 | 61.8602 EUR | ||||
| ORD | Sale | 994 | 61.9682 EUR | ||||
| ORD | Sale | 1,007 | 16.9399 USD | ||||
| ORD | Sale | 1,011 | 62.1800 EUR | ||||
| ORD | Sale | 1,081 | 61.6100 EUR | ||||
| ORD | Sale | 1,160 | 61.5990 EUR | ||||
| ORD | Sale | 1,540 | 62.1102 EUR | ||||
| ORD | Sale | 1,612 | 61.8933 EUR | ||||
| ORD | Sale | 1,746 | 61.6897 EUR | ||||
| ORD | Sale | 2,386 | 61.6258 EUR | ||||
| ORD | Sale | 2,553 | 62.0668 EUR | ||||
| ORD | Sale | 3,530 | 62.0117 EUR | ||||
| ORD | Sale | 3,682 | 61.8229 EUR | ||||
| ORD | Sale | 9,526 | 61.5654 EUR | ||||
| ORD | Sale | 15,690 | 61.5611 EUR | ||||
| ORD | Sale | 22,569 | 61.5100 EUR | ||||
| ORD | Sale | 27,666 | 62.0100 EUR | ||||
| ORD | Sale | 32,500 | 61.7327 EUR | ||||
| ORD | Sale | 36,965 | 61.7685 EUR | ||||
| ORD | Sale | 50,000 | 52.0000 EUR | ||||
| ORD | Sale | 55,120 | 62.0000 EUR | ||||
| ORD | Sale | 75,000 | 60.0000 EUR | ||||
| ORD | Sale | 100,000 | 48.0000 EUR |
(b) Derivatives transactions (other than options)
| Class of | Product | Nature of dealing | Number of | Price per | |||||
| relevant | description | reference | unit | ||||||
| security | securities | ||||||||
| ORD | SWAP | Long | 208 | 61.6907 EUR | |||||
| ORD | CFD | Long | 1,412 | 62.0125 EUR | |||||
| ORD | SWAP | Long | 3,322 | 62.0317 EUR | |||||
| ORD | CFD | Long | 5,325 | 62.1186 EUR | |||||
| ORD | CFD | Long | 12,020 | 61.3675 EUR | |||||
| ORD | SWAP | Short | 3 | 48.7000 EUR | |||||
| ORD | CFD | Short | 7 | 62.0157 EUR | |||||
| ORD | SWAP | Short | 15 | 50.0000 EUR | |||||
| ORD | CFD | Short | 26 | 62.0150 EUR | |||||
| ORD | CFD | Short | 33 | 62.0151 EUR | |||||
| ORD | CFD | Short | 56 | 62.0153 EUR | |||||
| ORD | CFD | Short | 276 | 61.7880 EUR | |||||
| ORD | SWAP | Short | 457 | 61.5838 EUR | |||||
| ORD | SWAP | Short | 611 | 61.3391 EUR | |||||
| ORD | CFD | Short | 1,046 | 61.5760 EUR | |||||
| ORD | CFD | Short | 201,028 | 62.0152 EUR |
(c) Options transactions in respect of existing securities
(i) Writing, selling, purchasing or varying
| Class | Product | Writing, | Number | Exercise | Type | Expiry | Option | ||||||||
| of | description | purchasing, | of | price | date | money | |||||||||
| relevant | selling, | securities | per unit | paid/ | |||||||||||
| security | varying etc | to which | received | ||||||||||||
| option | per unit | ||||||||||||||
| relates | |||||||||||||||
| ORD | Call Options | Purchasing | 50,000 | 48 EUR | American | 20 Dec 2013 | TRANSFER | ||||||||
| ORD | Call Options | Purchasing | 75,000 | 60 EUR | American | 20 Dec 2013 | TRANSFER | ||||||||
| ORD | Call Options | Purchasing | 55,000 | 62 EUR | American | 20 Dec 2013 | TRANSFER | ||||||||
| ORD | Call Options | Purchasing | 50,000 | 64 EUR | American | 20 Dec 2013 | TRANSFER | ||||||||
| ORD | Call Options | Selling | 50,000 | 52 EUR | American | 20 Dec 2013 | TRANSFER | ||||||||
| ORD | Call Options | Selling | 55,000 | 64 EUR | American | 20 Dec 2013 | TRANSFER | ||||||||
| ORD | Put Options | Purchasing | 200,000 | 42 EUR | American | 20 Dec 2013 | TRANSFER | ||||||||
| ORD | Put Options | Purchasing | 50,000 | 48 EUR | American | 20 Dec 2013 | TRANSFER | ||||||||
| ORD | Put Options | Purchasing | 100,000 | 52 EUR | American | 20 Dec 2013 | TRANSFER | ||||||||
| ORD | Put Options | Selling | 125,000 | 44 EUR | American | 20 Dec 2013 | TRANSFER | ||||||||
| ORD | Put Options | Selling | 200,000 | 48 EUR | American | 20 Dec 2013 | TRANSFER | ||||||||
| ORD | Put Options | Selling | 100,000 | 56 EUR | American | 20 Dec 2013 | TRANSFER |
(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: | 23 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 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 | 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 | 100,000 | 48.0000 | American | 19 Dec 2014 | |||||||
| ORD | Put Options | Written | -100,000 | 50.0000 | American | 19 Dec 2014 | |||||||
| ORD | Put Options | Written | -50,000 | 52.0000 | American | 19 Dec 2014 | |||||||
| ORD | Call Options | Purchased | 63,700 | 60.0000 | American | 21 Feb 2014 | |||||||
| ORD | Call Options | Purchased | 75,000 | 60.0000 | American | 19 Dec 2014 | |||||||
| 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 | -119,000 | 60.0000 | American | 21 Feb 2014 | |||||||
| ORD | Call Options | Written | -50,000 | 64.0000 | American | 19 Dec 2014 |
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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