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

17th Oct 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:		16 October 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:		1,621,072		0.29%		1,352,608		0.24%
(2)		Derivatives (other than
		options):		2,160,773		0.39%		1,366,839		0.24%
(3)		Options and agreements to
		purchase/sell:		1,115,000		0.20%		1,690,000		0.30%
		TOTAL:
				4,896,845		0.87%		4,409,447		0.79%

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		61.4160 EUR
ORD		Purchase		25		61.4790 EUR
ORD		Purchase		33		61.3090 EUR
ORD		Purchase		33		61.3190 EUR
ORD		Purchase		33		61.3600 EUR
ORD		Purchase		34		61.1250 EUR
ORD		Purchase		40		61.6400 EUR
ORD		Purchase		48		61.6100 EUR
ORD		Purchase		56		61.2950 EUR
ORD		Purchase		56		61.3290 EUR
ORD		Purchase		56		61.3450 EUR
ORD		Purchase		58		61.5300 EUR
ORD		Purchase		65		61.4700 EUR
ORD		Purchase		72		61.5850 EUR
ORD		Purchase		78		61.2700 EUR
ORD (traded as ADR)		Purchase		80		16.6300 USD
ORD		Purchase		98		61.4770 EUR
ORD		Purchase		98		61.4800 EUR
ORD		Purchase		106		61.2600 EUR
ORD		Purchase		112		61.1340 EUR
ORD		Purchase		114		61.1300 EUR
ORD		Purchase		115		61.5900 EUR
ORD		Purchase		134		61.1240 EUR
ORD		Purchase		144		61.3200 EUR
ORD		Purchase		144		61.5650 EUR
ORD		Purchase		155		61.1350 EUR
ORD		Purchase		159		61.2640 EUR
ORD		Purchase		159		61.3050 EUR
ORD		Purchase		170		61.2000 EUR
ORD		Purchase		174		61.1600 EUR
ORD		Purchase		190		61.2900 EUR
ORD		Purchase		200		61.3250 EUR
ORD		Purchase		216		61.5100 EUR
ORD		Purchase		218		61.5700 EUR
ORD		Purchase		254		61.3400 EUR
ORD		Purchase		255		61.1400 EUR
ORD		Purchase		264		61.4100 EUR
ORD		Purchase		265		61.1900 EUR
ORD		Purchase		284		61.1700 EUR
ORD		Purchase		288		61.5500 EUR
ORD		Purchase		300		61.2400 EUR
ORD		Purchase		300		61.5400 EUR
ORD		Purchase		313		61.3100 EUR
ORD		Purchase		337		61.4150 EUR
ORD		Purchase		363		61.4597 EUR
ORD		Purchase		374		61.5282 EUR
ORD		Purchase		396		61.6700 EUR
ORD		Purchase		400		61.3500 EUR
ORD		Purchase		516		61.5200 EUR
ORD		Purchase		530		61.1200 EUR
ORD		Purchase		568		61.1450 EUR
ORD		Purchase		672		61.1800 EUR
ORD		Purchase		706		61.3000 EUR
ORD		Purchase		731		61.5600 EUR
ORD		Purchase		773		61.3918 EUR
ORD		Purchase		1,459		61.1500 EUR
ORD		Purchase		1,793		61.4200 EUR
ORD		Purchase		2,078		61.5800 EUR
ORD		Purchase		2,225		61.5962 EUR
ORD		Purchase		2,227		61.5114 EUR
ORD		Purchase		3,102		61.4325 EUR
ORD		Purchase		4,861		61.4915 EUR
ORD		Purchase		5,943		61.4487 EUR
ORD		Purchase		7,163		61.5499 EUR
ORD		Purchase		8,142		61.4522 EUR
ORD		Purchase		8,405		61.5823 EUR
ORD		Purchase		10,323		61.4634 EUR
ORD		Purchase		16,611		61.2213 EUR
ORD		Purchase		22,884		61.5167 EUR
ORD		Purchase		24,308		61.4697 EUR
ORD		Purchase		32,311		61.4288 EUR
ORD		Purchase		42,464		62.1000 EUR
ORD		Purchase		262,866		61.4307 EUR
ORD		Sale		25		61.4160 EUR
ORD		Sale		25		61.4790 EUR
ORD		Sale		33		61.3090 EUR
ORD		Sale		33		61.3190 EUR
ORD		Sale		33		61.3600 EUR
ORD		Sale		34		61.1250 EUR
ORD		Sale		40		61.6400 EUR
ORD		Sale		48		61.6100 EUR
ORD		Sale		50		61.4150 EUR
ORD		Sale		56		61.2950 EUR
ORD		Sale		56		61.3290 EUR
ORD		Sale		56		61.3450 EUR
ORD		Sale		58		61.5300 EUR
ORD		Sale		65		61.4700 EUR
ORD		Sale		72		61.5850 EUR
ORD		Sale		78		61.2700 EUR
ORD (traded as ADR)		Sale		80		16.6300 USD
ORD		Sale		98		61.4770 EUR
ORD		Sale		98		61.4800 EUR
ORD		Sale		106		61.2600 EUR
ORD		Sale		112		61.1340 EUR
ORD		Sale		114		61.1300 EUR
ORD		Sale		115		61.5900 EUR
ORD		Sale		134		61.1240 EUR
ORD		Sale		144		61.3200 EUR
ORD		Sale		150		61.2448 EUR
ORD		Sale		155		61.1350 EUR
ORD		Sale		159		61.2640 EUR
ORD		Sale		159		61.3050 EUR
ORD		Sale		170		61.2000 EUR
ORD		Sale		174		61.1600 EUR
ORD		Sale		179		61.5650 EUR
ORD		Sale		190		61.2900 EUR
ORD		Sale		200		61.3250 EUR
ORD		Sale		216		61.5100 EUR
ORD		Sale		218		61.5700 EUR
ORD		Sale		254		61.3400 EUR
ORD		Sale		255		61.1400 EUR
ORD		Sale		265		61.1900 EUR
ORD		Sale		284		61.1700 EUR
ORD		Sale		288		61.5500 EUR
ORD		Sale		296		62.2400 EUR
ORD		Sale		300		61.2400 EUR
ORD		Sale		300		61.5400 EUR
ORD		Sale		313		61.3100 EUR
ORD		Sale		396		61.6700 EUR
ORD		Sale		400		16.6300 USD
ORD		Sale		400		61.3500 EUR
ORD		Sale		404		61.5477 EUR
ORD		Sale		458		61.4499 EUR
ORD		Sale		516		61.5200 EUR
ORD		Sale		530		61.1200 EUR
ORD		Sale		550		61.4776 EUR
ORD		Sale		568		61.1450 EUR
ORD		Sale		672		61.1800 EUR
ORD		Sale		706		61.3000 EUR
ORD		Sale		747		61.5600 EUR
ORD		Sale		985		62.0596 EUR
ORD		Sale		1,459		61.1500 EUR
ORD		Sale		1,793		61.4200 EUR
ORD		Sale		1,955		61.2210 EUR
ORD		Sale		2,078		61.5800 EUR
ORD		Sale		2,418		61.4552 EUR
ORD		Sale		2,737		61.6756 EUR
ORD		Sale		2,916		61.6186 EUR
ORD		Sale		2,950		61.4185 EUR
ORD		Sale		3,887		61.3091 EUR
ORD		Sale		5,311		61.5648 EUR
ORD		Sale		5,374		61.3007 EUR
ORD		Sale		5,875		61.4100 EUR
ORD		Sale		8,607		61.5788 EUR
ORD		Sale		12,851		61.6331 EUR
ORD		Sale		13,429		61.3242 EUR
ORD		Sale		14,435		61.6124 EUR
ORD		Sale		17,482		61.5458 EUR
ORD		Sale		19,825		61.5478 EUR
ORD		Sale		29,733		61.4088 EUR
ORD		Sale		200,000		61.4274 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		192		62.0729 EUR
ORD		SWAP		Long		400		61.5907 EUR
ORD		SWAP		Long		1,895		61.5218 EUR
ORD		SWAP		Long		2,418		61.4552 EUR
ORD		SWAP		Long		6,763		61.5594 EUR
ORD		SWAP		Long		11,791		61.7231 EUR
ORD		SWAP		Long		12,298		61.5788 EUR
ORD		CFD		Short		8		62.0275 EUR
ORD		SWAP		Short		150		61.5372 EUR
ORD		SWAP		Short		4,762		61.4150 EUR
ORD		SWAP		Short		5,725		61.4106 EUR
ORD		SWAP		Short		7,837		61.4472 EUR
ORD		SWAP		Short		12,310		61.4465 EUR
ORD		SWAP		Short		29,454		61.4637 EUR
ORD		CFD		Short		15,220		61.4380 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:		17 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 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

60.0000

American

18 Oct 2013

ORD

Call Options

Written

-100,000

68.0000

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:

Barclays