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

14th Nov 2013 11:40

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:		13 November 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:		1,735,997		0.31%		1,533,406		0.27%
(2)		Derivatives (other than
		options):		2,297,085		0.42%		1,382,496		0.25%
(3)		Options and agreements to
		purchase/sell:		1,115,000		0.20%		1,590,000		0.28%
(4)		TOTAL:
				5,148,082		0.93%		4,505,902		0.80%

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		4		16.3400 USD
ORD		Purchase		29		60.9000 EUR
ORD		Purchase		37		61.0900 EUR
ORD		Purchase		38		60.8900 EUR
ORD		Purchase		42		61.3800 EUR
ORD		Purchase		43		61.2640 EUR
ORD		Purchase		77		60.9500 EUR
ORD		Purchase		108		60.8460 EUR
ORD		Purchase		110		61.2190 EUR
ORD		Purchase		124		61.3200 EUR
ORD		Purchase		141		61.2600 EUR
ORD		Purchase		141		61.2900 EUR
ORD		Purchase		146		60.7000 EUR
ORD		Purchase		172		61.1800 EUR
ORD		Purchase		175		61.0500 EUR
ORD (traded as ADR)		Purchase		175		16.3500 USD
ORD		Purchase		183		61.1300 EUR
ORD		Purchase		190		60.9400 EUR
ORD		Purchase		199		61.1200 EUR
ORD		Purchase		200		60.7451 EUR
ORD		Purchase		244		60.8200 EUR
ORD		Purchase		246		61.2500 EUR
ORD		Purchase		263		61.1600 EUR
ORD		Purchase		294		60.7800 EUR
ORD		Purchase		300		60.5500 EUR
ORD		Purchase		319		61.2700 EUR
ORD		Purchase		413		61.2200 EUR
ORD		Purchase		508		61.2163 EUR
ORD		Purchase		578		61.0400 EUR
ORD (traded as ADR)		Purchase		592		16.4393 USD
ORD		Purchase		712		61.2024 EUR
ORD		Purchase		724		61.1911 EUR
ORD		Purchase		745		61.2196 EUR
ORD		Purchase		749		61.1130 EUR
ORD		Purchase		871		61.1776 EUR
ORD		Purchase		878		16.3500 USD
ORD		Purchase		1,177		61.2400 EUR
ORD		Purchase		2,303		60.9678 EUR
ORD		Purchase		2,920		61.1484 EUR
ORD		Purchase		4,000		61.2090 EUR
ORD		Purchase		5,407		61.2122 EUR
ORD		Purchase		10,566		61.1431 EUR
ORD		Purchase		34,195		61.1435 EUR
ORD		Purchase		47,600		61.0506 EUR
ORD (traded as ADR)		Sale		4		16.3400 USD
ORD		Sale		29		60.9000 EUR
ORD		Sale		37		61.0900 EUR
ORD		Sale		38		60.8900 EUR
ORD		Sale		42		61.3800 EUR
ORD		Sale		43		61.2640 EUR
ORD		Sale		44		61.2327 EUR
ORD		Sale		77		60.9500 EUR
ORD		Sale		89		61.1200 EUR
ORD		Sale		108		60.8460 EUR
ORD		Sale		110		61.2190 EUR
ORD		Sale		124		61.3200 EUR
ORD		Sale		141		61.2600 EUR
ORD		Sale		141		61.2900 EUR
ORD		Sale		172		61.1800 EUR
ORD (traded as ADR)		Sale		175		16.3500 USD
ORD		Sale		175		61.0500 EUR
ORD		Sale		183		61.1300 EUR
ORD		Sale		190		60.9400 EUR
ORD		Sale		200		60.7451 EUR
ORD		Sale		242		61.1365 EUR
ORD		Sale		246		61.2500 EUR
ORD		Sale		263		61.1600 EUR
ORD		Sale		292		60.7000 EUR
ORD		Sale		294		60.7800 EUR
ORD		Sale		300		60.5500 EUR
ORD		Sale		319		61.2700 EUR
ORD		Sale		413		61.2200 EUR
ORD		Sale		488		60.8200 EUR
ORD (traded as ADR)		Sale		592		16.4393 USD
ORD		Sale		726		61.3500 EUR
ORD		Sale		820		61.2261 EUR
ORD		Sale		985		61.2393 EUR
ORD		Sale		1,033		60.9255 EUR
ORD		Sale		1,177		61.2400 EUR
ORD		Sale		1,391		61.0028 EUR
ORD		Sale		1,752		61.2310 EUR
ORD		Sale		2,265		60.9760 EUR
ORD		Sale		2,847		61.0883 EUR
ORD		Sale		2,925		61.0237 EUR
ORD		Sale		2,962		16.4393 USD
ORD		Sale		4,892		61.0388 EUR
ORD		Sale		5,296		61.0404 EUR
ORD		Sale		5,354		61.0792 EUR
ORD		Sale		5,917		61.2140 EUR
ORD		Sale		7,760		61.0706 EUR
ORD		Sale		13,607		60.9846 EUR
ORD		Sale		28,722		61.0291 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		63		60.8793 EUR
ORD		CFD		Long		174		61.2620 EUR
ORD		CFD		Long		2,265		60.9760 EUR
ORD		SWAP		Long		4,892		61.0388 EUR
ORD		SWAP		Long		5,122		61.0326 EUR
ORD		SWAP		Long		16,469		60.9920 EUR
ORD		CFD		Short		5		61.0360 EUR
ORD		SWAP		Short		73		60.8905 EUR
ORD		CFD		Short		484		61.0352 EUR
ORD		SWAP		Short		724		61.1911 EUR
ORD		CFD		Short		923		61.0271 EUR
ORD		CFD		Short		7,362		61.0351 EUR
ORD		CFD		Short		4,496		61.1649 EUR
ORD		CFD		Short		34,512		61.0451 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:		14 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.

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

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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