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

29th Oct 2013 12:37

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:		28 October 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:		1,629,832		0.29%		1,459,333		0.26%
(2)		Derivatives (other than
		options):		2,230,537		0.40%		1,302,589		0.23%
(3)		Options and agreements to
		purchase/sell:		1,115,000		0.20%		1,590,000		0.28%
(4)		TOTAL:
				4,975,369		0.89%		4,351,922		0.78%

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		7		16.7900 USD
ORD		Purchase		22		61.8800 EUR
ORD		Purchase		24		62.5900 EUR
ORD		Purchase		35		16.7900 USD
ORD (traded as ADR)		Purchase		35		16.8100 USD
ORD		Purchase		37		61.2390 EUR
ORD (traded as ADR)		Purchase		41		16.8400 USD
ORD		Purchase		48		61.2590 EUR
ORD		Purchase		66		62.0300 EUR
ORD		Purchase		69		61.3850 EUR
ORD		Purchase		69		61.4650 EUR
ORD		Purchase		69		61.7100 EUR
ORD		Purchase		69		62.0000 EUR
ORD		Purchase		80		61.1400 EUR
ORD		Purchase		80		61.1850 EUR
ORD		Purchase		80		61.2450 EUR
ORD		Purchase		98		61.4050 EUR
ORD		Purchase		98		61.4500 EUR
ORD		Purchase		99		61.2600 EUR
ORD		Purchase		107		61.5400 EUR
ORD		Purchase		119		61.1754 EUR
ORD		Purchase		156		61.4300 EUR
ORD		Purchase		183		61.3900 EUR
ORD		Purchase		185		61.1990 EUR
ORD		Purchase		185		61.2040 EUR
ORD		Purchase		205		61.7010 EUR
ORD		Purchase		210		61.2100 EUR
ORD		Purchase		231		61.2058 EUR
ORD		Purchase		239		61.2800 EUR
ORD		Purchase		283		61.4600 EUR
ORD		Purchase		285		61.2700 EUR
ORD		Purchase		287		61.1500 EUR
ORD		Purchase		299		61.3924 EUR
ORD		Purchase		300		61.4100 EUR
ORD		Purchase		310		61.5200 EUR
ORD		Purchase		316		61.2300 EUR
ORD		Purchase		333		61.3300 EUR
ORD		Purchase		336		61.1700 EUR
ORD		Purchase		354		61.4800 EUR
ORD		Purchase		371		61.2150 EUR
ORD		Purchase		374		61.4750 EUR
ORD		Purchase		380		61.2090 EUR
ORD (traded as ADR)		Purchase		392		16.8630 USD
ORD		Purchase		410		61.7000 EUR
ORD		Purchase		452		61.4700 EUR
ORD		Purchase		530		61.1950 EUR
ORD		Purchase		543		61.1600 EUR
ORD		Purchase		605		61.1100 EUR
ORD		Purchase		619		61.2400 EUR
ORD		Purchase		653		61.2000 EUR
ORD		Purchase		684		61.2250 EUR
ORD		Purchase		690		61.1900 EUR
ORD		Purchase		728		61.8063 EUR
ORD		Purchase		843		61.2200 EUR
ORD		Purchase		866		61.4000 EUR
ORD		Purchase		976		61.2164 EUR
ORD		Purchase		1,006		61.2050 EUR
ORD		Purchase		1,136		62.6014 EUR
ORD		Purchase		1,199		61.4531 EUR
ORD		Purchase		1,390		61.2500 EUR
ORD		Purchase		2,289		61.4883 EUR
ORD		Purchase		2,300		61.2242 EUR
ORD		Purchase		2,330		62.6072 EUR
ORD		Purchase		2,700		61.3442 EUR
ORD		Purchase		3,602		61.2996 EUR
ORD		Purchase		3,713		61.1800 EUR
ORD		Purchase		7,100		61.4016 EUR
ORD		Purchase		19,177		61.2350 EUR
ORD		Purchase		20,457		61.3304 EUR
ORD		Purchase		25,293		61.2280 EUR
ORD		Purchase		25,390		61.2956 EUR
ORD		Purchase		158,046		61.2124 EUR
ORD (traded as ADR)		Sale		7		16.7900 USD
ORD		Sale		22		61.8800 EUR
ORD		Sale		24		62.5900 EUR
ORD		Sale		27		61.7141 EUR
ORD		Sale		37		61.2390 EUR
ORD		Sale		48		61.2590 EUR
ORD		Sale		69		61.3850 EUR
ORD		Sale		69		61.4650 EUR
ORD		Sale		69		61.7100 EUR
ORD		Sale		69		62.0000 EUR
ORD (traded as ADR)		Sale		76		16.8261 USD
ORD		Sale		80		61.1400 EUR
ORD		Sale		80		61.1850 EUR
ORD		Sale		80		61.2450 EUR
ORD		Sale		98		61.4050 EUR
ORD		Sale		98		61.4500 EUR
ORD		Sale		99		61.2600 EUR
ORD		Sale		107		61.5400 EUR
ORD		Sale		132		62.0300 EUR
ORD		Sale		156		61.4300 EUR
ORD		Sale		183		61.3900 EUR
ORD		Sale		185		61.1990 EUR
ORD		Sale		185		61.2040 EUR
ORD		Sale		201		61.3300 EUR
ORD		Sale		205		61.5200 EUR
ORD		Sale		205		61.7010 EUR
ORD		Sale		210		61.2100 EUR
ORD		Sale		239		61.2800 EUR
ORD		Sale		283		61.4600 EUR
ORD		Sale		285		61.2700 EUR
ORD		Sale		287		61.1500 EUR
ORD		Sale		299		61.3924 EUR
ORD		Sale		300		61.4100 EUR
ORD		Sale		316		61.2300 EUR
ORD		Sale		336		61.1700 EUR
ORD		Sale		354		61.4800 EUR
ORD		Sale		371		61.2150 EUR
ORD		Sale		374		61.4750 EUR
ORD		Sale		380		61.2090 EUR
ORD		Sale		391		62.4026 EUR
ORD (traded as ADR)		Sale		392		16.8630 USD
ORD		Sale		410		61.7000 EUR
ORD		Sale		452		61.4700 EUR
ORD		Sale		452		61.7142 EUR
ORD		Sale		530		61.1950 EUR
ORD		Sale		543		61.1600 EUR
ORD		Sale		605		61.1100 EUR
ORD		Sale		619		61.2400 EUR
ORD		Sale		634		61.2049 EUR
ORD		Sale		653		61.2000 EUR
ORD		Sale		684		61.2250 EUR
ORD		Sale		690		61.1900 EUR
ORD		Sale		776		61.2200 EUR
ORD		Sale		866		61.4000 EUR
ORD		Sale		1,006		61.2050 EUR
ORD		Sale		1,170		61.2558 EUR
ORD		Sale		1,204		61.2907 EUR
ORD		Sale		1,685		61.2031 EUR
ORD		Sale		1,750		61.2500 EUR
ORD		Sale		1,867		61.1791 EUR
ORD		Sale		1,961		16.8630 USD
ORD		Sale		2,091		61.2677 EUR
ORD		Sale		2,493		61.7353 EUR
ORD		Sale		2,675		61.4271 EUR
ORD		Sale		2,943		61.5019 EUR
ORD		Sale		3,743		61.6311 EUR
ORD		Sale		3,950		61.1800 EUR
ORD		Sale		4,789		61.4003 EUR
ORD		Sale		4,943		61.2205 EUR
ORD		Sale		5,924		61.2379 EUR
ORD		Sale		6,491		61.6350 EUR
ORD		Sale		7,544		61.5052 EUR
ORD		Sale		9,098		61.2217 EUR
ORD		Sale		13,624		61.2006 EUR
ORD		Sale		25,955		63.0286 EUR
ORD		Sale		32,757		61.2827 EUR
ORD		Sale		37,976		61.2350 EUR
ORD		Sale		38,071		61.2177 EUR
ORD		Sale		102,030		61.2528 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		30		61.2093 EUR
ORD		SWAP		Long		400		61.3908 EUR
ORD		CFD		Long		650		61.4673 EUR
ORD		CFD		Long		717		61.2345 EUR
ORD		SWAP		Long		2,257		61.5162 EUR
ORD		SWAP		Long		3,261		61.5288 EUR
ORD		CFD		Long		7,294		61.7536 EUR
ORD		SWAP		Long		7,429		61.5005 EUR
ORD		SWAP		Long		25,955		63.0286 EUR
ORD		SWAP		Short		18		61.1505 EUR
ORD		CFD		Short		332		61.2049 EUR
ORD		CFD		Short		594		61.1855 EUR
ORD		SWAP		Short		728		61.8064 EUR
ORD		SWAP		Short		976		61.2164 EUR
ORD		CFD		Short		1,247		61.1155 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 Oct 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

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

-100,000

62.0000

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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Related Shares:

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