28th Nov 2013 12:43
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: | 27 November 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: | 1,766,398 | 0.32% | 1,514,591 | 0.27% | |||||||
| (2) | Derivatives (other than | ||||||||||
| options): | 2,276,489 | 0.41% | 1,363,437 | 0.24% | |||||||
| (3) | Options and agreements to | ||||||||||
| purchase/sell: | 1,483,300 | 0.26% | 1,515,000 | 0.27% | |||||||
| (4) | TOTAL: | ||||||||||
| 5,526,187 | 0.99% | 4,393,028 | 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 | Purchase | 25 | 16.8300 USD | ||||
| ORD | Purchase | 31 | 62.2500 EUR | ||||
| ORD | Purchase | 37 | 61.6780 EUR | ||||
| ORD | Purchase | 40 | 62.4600 EUR | ||||
| ORD | Purchase | 47 | 61.7500 EUR | ||||
| ORD | Purchase | 57 | 61.6500 EUR | ||||
| ORD | Purchase | 71 | 61.9000 EUR | ||||
| ORD | Purchase | 82 | 62.3900 EUR | ||||
| ORD | Purchase | 90 | 62.3800 EUR | ||||
| ORD | Purchase | 120 | 61.6845 EUR | ||||
| ORD | Purchase | 184 | 61.9100 EUR | ||||
| ORD | Purchase | 193 | 62.1742 EUR | ||||
| ORD | Purchase | 208 | 62.2336 EUR | ||||
| ORD | Purchase | 254 | 62.4000 EUR | ||||
| ORD | Purchase | 255 | 61.9072 EUR | ||||
| ORD | Purchase | 689 | 61.6700 EUR | ||||
| ORD | Purchase | 726 | 61.6704 EUR | ||||
| ORD | Purchase | 853 | 61.5645 EUR | ||||
| ORD | Purchase | 1,316 | 62.0141 EUR | ||||
| ORD | Purchase | 1,589 | 61.6051 EUR | ||||
| ORD | Purchase | 2,000 | 61.5000 EUR | ||||
| ORD | Purchase | 2,678 | 61.5665 EUR | ||||
| ORD | Purchase | 6,242 | 62.3500 EUR | ||||
| ORD | Purchase | 6,612 | 61.9776 EUR | ||||
| ORD | Purchase | 16,762 | 62.0382 EUR | ||||
| ORD | Purchase | 69,867 | 62.0114 EUR | ||||
| ORD (traded as ADR) | Purchase | 10 | 16.8300 USD | ||||
| ORD (traded as ADR) | Purchase | 84 | 16.9300 USD | ||||
| ORD (traded as ADR) | Purchase | 162 | 16.6440 USD | ||||
| ORD (traded as ADR) | Sale | 10 | 16.8300 USD | ||||
| ORD (traded as ADR) | Sale | 42 | 16.9300 USD | ||||
| ORD (traded as ADR) | Sale | 162 | 16.6440 USD | ||||
| ORD | Sale | 31 | 62.2500 EUR | ||||
| ORD | Sale | 37 | 61.6780 EUR | ||||
| ORD | Sale | 40 | 62.4600 EUR | ||||
| ORD | Sale | 57 | 61.6500 EUR | ||||
| ORD | Sale | 71 | 61.9000 EUR | ||||
| ORD | Sale | 90 | 62.3800 EUR | ||||
| ORD | Sale | 94 | 61.7500 EUR | ||||
| ORD | Sale | 120 | 61.6845 EUR | ||||
| ORD | Sale | 135 | 61.5600 EUR | ||||
| ORD | Sale | 164 | 62.3900 EUR | ||||
| ORD | Sale | 184 | 61.9100 EUR | ||||
| ORD | Sale | 215 | 61.5694 EUR | ||||
| ORD | Sale | 233 | 61.9200 EUR | ||||
| ORD | Sale | 246 | 62.3228 EUR | ||||
| ORD | Sale | 254 | 62.4000 EUR | ||||
| ORD | Sale | 368 | 61.8500 EUR | ||||
| ORD | Sale | 394 | 61.9931 EUR | ||||
| ORD | Sale | 459 | 62.3200 EUR | ||||
| ORD | Sale | 492 | 61.8713 EUR | ||||
| ORD | Sale | 576 | 61.5604 EUR | ||||
| ORD | Sale | 663 | 62.0681 EUR | ||||
| ORD | Sale | 689 | 61.6700 EUR | ||||
| ORD | Sale | 853 | 61.5645 EUR | ||||
| ORD | Sale | 961 | 61.9400 EUR | ||||
| ORD | Sale | 1,280 | 61.6323 EUR | ||||
| ORD | Sale | 1,510 | 61.6079 EUR | ||||
| ORD | Sale | 1,847 | 61.8754 EUR | ||||
| ORD | Sale | 2,403 | 62.3500 EUR | ||||
| ORD | Sale | 4,552 | 62.0649 EUR | ||||
| ORD | Sale | 5,804 | 62.3587 EUR | ||||
| ORD | Sale | 15,639 | 62.2728 EUR | ||||
| ORD | Sale | 18,838 | 62.0686 EUR | ||||
| ORD | Sale | 30,000 | 61.8743 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 | 4 | 62.1625 EUR | |||||
| ORD | SWAP | Long | 100 | 62.3200 EUR | |||||
| ORD | SWAP | Long | 290 | 62.3906 EUR | |||||
| ORD | CFD | Long | 587 | 61.4947 EUR | |||||
| ORD | CFD | Long | 1,803 | 62.3446 EUR | |||||
| ORD | SWAP | Long | 1,874 | 61.8996 EUR | |||||
| ORD | CFD | Long | 5,804 | 62.3587 EUR | |||||
| ORD | CFD | Long | 11,665 | 62.3447 EUR | |||||
| ORD | SWAP | Short | 79 | 61.5508 EUR | |||||
| ORD | CFD | Short | 1,398 | 61.5142 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 | 100,000 | 80 EUR | American | 19 Dec 2014 | 1.3000 EUR | ||||||||
| ORD | Put Options | Purchasing | 100,000 | 48 EUR | American | 19 Dec 2014 | 2.2400 EUR |
(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: | 28 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.
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 | 48.0000 | American | 19 Dec 2014 | |||||||
| 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 | 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 | 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 | -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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