15th Jul 2013 13:12
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: | 12 July 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: | 1,110,286 | 0.20% | 35,051 | 0.01% | |||||||
| (2) | Derivatives (other than | ||||||||||
| options): | 960,294 | 0.17% | 1,367,123 | 0.25% | |||||||
| (3) | Options and agreements to | ||||||||||
| purchase/sell: | 958,300 | 0.17% | 1,490,000 | 0.27% | |||||||
| (4) | TOTAL: | ||||||||||
| 3,028,880 | 0.54% | 2,892,174 | 0.52% |
(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 | 100 | 55.9300 EUR | ||||
| ORD | Purchase | 360 | 55.6071 EUR | ||||
| ORD | Purchase | 751 | 55.6254 EUR | ||||
| ORD | Purchase | 2,133 | 55.8706 EUR | ||||
| ORD | Purchase | 2,143 | 55.6408 EUR | ||||
| ORD | Purchase | 2,899 | 55.7167 EUR | ||||
| ORD | Purchase | 3,805 | 14.3923 USD | ||||
| ORD | Purchase | 4,490 | 55.6699 EUR | ||||
| ORD | Purchase | 5,806 | 55.6597 EUR | ||||
| ORD | Purchase | 5,919 | 55.6899 EUR | ||||
| ORD | Purchase | 6,157 | 55.8197 EUR | ||||
| ORD | Purchase | 6,568 | 55.8290 EUR | ||||
| ORD | Purchase | 11,144 | 55.6742 EUR | ||||
| ORD | Purchase | 15,173 | 55.7436 EUR | ||||
| ORD | Purchase | 32,066 | 55.7495 EUR | ||||
| ORD | Purchase | 48,890 | 55.7139 EUR | ||||
| ORD | Purchase | 60,096 | 55.7323 EUR | ||||
| ORD | Purchase | 343,500 | 55.6852 EUR | ||||
| ORD | Sale | 66 | 55.8124 EUR | ||||
| ORD | Sale | 100 | 55.9300 EUR | ||||
| ORD | Sale | 133 | 55.9698 EUR | ||||
| ORD | Sale | 267 | 55.9114 EUR | ||||
| ORD | Sale | 393 | 56.0307 EUR | ||||
| ORD | Sale | 507 | 55.6328 EUR | ||||
| ORD | Sale | 1,267 | 14.4952 USD | ||||
| ORD | Sale | 1,333 | 55.6159 EUR | ||||
| ORD | Sale | 1,388 | 56.2500 EUR | ||||
| ORD | Sale | 1,500 | 55.6100 EUR | ||||
| ORD | Sale | 1,864 | 55.6399 EUR | ||||
| ORD | Sale | 1,887 | 55.7141 EUR | ||||
| ORD | Sale | 1,919 | 55.5185 EUR | ||||
| ORD | Sale | 2,000 | 55.6928 EUR | ||||
| ORD | Sale | 2,037 | 55.7481 EUR | ||||
| ORD | Sale | 2,630 | 55.9129 EUR | ||||
| ORD | Sale | 4,000 | 56.0300 EUR | ||||
| ORD | Sale | 4,500 | 55.8846 EUR | ||||
| ORD | Sale | 6,658 | 55.7298 EUR | ||||
| ORD | Sale | 8,364 | 55.7692 EUR | ||||
| ORD | Sale | 9,299 | 55.7667 EUR | ||||
| ORD | Sale | 10,220 | 55.7331 EUR | ||||
| ORD | Sale | 10,299 | 55.8464 EUR | ||||
| ORD | Sale | 11,407 | 55.7000 EUR | ||||
| ORD | Sale | 13,925 | 55.7132 EUR | ||||
| ORD | Sale | 17,694 | 55.3926 EUR | ||||
| ORD | Sale | 18,863 | 55.8094 EUR | ||||
| ORD | Sale | 19,758 | 55.6138 EUR | ||||
| ORD | Sale | 20,635 | 55.6199 EUR | ||||
| ORD | Sale | 24,116 | 55.6844 EUR | ||||
| ORD | Sale | 26,621 | 55.7377 EUR | ||||
| ORD | Sale | 32,567 | 55.6477 EUR | ||||
| ORD | Sale | 34,000 | 55.6366 EUR | ||||
| ORD | Sale | 38,588 | 55.5829 EUR | ||||
| ORD | Sale | 54,423 | 55.7335 EUR | ||||
| ORD | Sale | 99,045 | 55.6488 EUR | ||||
| ORD | Sale | 155,907 | 55.6652 EUR | ||||
| ORD (traded as ADR) | Purchase | 82 | 14.4900 USD | ||||
| ORD (traded as ADR) | Purchase | 211 | 14.4952 USD | ||||
| ORD (traded as ADR) | Purchase | 3,805 | 14.3923 USD | ||||
| ORD (traded as ADR) | Sale | 37 | 15.1430 USD | ||||
| ORD (traded as ADR) | Sale | 82 | 14.4900 USD | ||||
| ORD (traded as ADR) | Sale | 634 | 14.3923 USD | ||||
| ORD (traded as ADR) | Sale | 1,267 | 14.4952 USD |
(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 | 1 | 55.8300 EUR | |||||
| ORD | SWAP | Long | 66 | 55.8124 EUR | |||||
| ORD | SWAP | Long | 1,416 | 55.3804 EUR | |||||
| ORD | SWAP | Long | 2,700 | 55.4300 EUR | |||||
| ORD | SWAP | Long | 4,748 | 55.3879 EUR | |||||
| ORD | SWAP | Long | 6,490 | 55.8383 EUR | |||||
| ORD | CFD | Long | 19,758 | 55.6138 EUR | |||||
| ORD | CFD | Long | 34,296 | 55.6663 EUR | |||||
| ORD | SWAP | Long | 41,676 | 55.8410 EUR | |||||
| ORD | CFD | Short | 200 | 55.8183 EUR | |||||
| ORD | CFD | Short | 482 | 55.9977 EUR | |||||
| ORD | SWAP | Short | 656 | 55.6512 EUR | |||||
| ORD | SWAP | Short | 2,899 | 55.7167 EUR | |||||
| ORD | SWAP | Short | 6,499 | 55.6856 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: | 15 July 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 | 14 Jul 2013 | |||||||
| ORD | Put Options | Purchased | 25,000 | 42.0000 | American | 14 Jul 2013 | |||||||
| ORD | Put Options | Purchased | 25,000 | 43.0000 | American | 14 Jul 2013 | |||||||
| ORD | Put Options | Purchased | 125,000 | 44.0000 | American | 14 Jul 2013 | |||||||
| ORD | Put Options | Purchased | 200,000 | 48.0000 | American | 14 Jul 2013 | |||||||
| ORD | Put Options | Purchased | 100,000 | 50.0000 | American | 14 Jul 2013 | |||||||
| ORD | Put Options | Written | -200,000 | 42.0000 | American | 14 Jul 2013 | |||||||
| ORD | Put Options | Written | -200,000 | 48.0000 | American | 14 Jul 2013 | |||||||
| ORD | Put Options | Written | -100,000 | 50.0000 | American | 14 Jul 2013 | |||||||
| ORD | Put Options | Written | -100,000 | 52.0000 | American | 14 Jul 2013 | |||||||
| ORD | Put Options | Written | -50,000 | 60.0000 | American | 14 Jul 2013 | |||||||
| ORD | Call Options | Purchased | 50,000 | 52.0000 | American | 14 Jul 2013 | |||||||
| ORD | Call Options | Purchased | 43,300 | 60.0000 | American | 14 Jul 2013 | |||||||
| ORD | Call Options | Purchased | 100,000 | 64.0000 | American | 14 Jul 2013 | |||||||
| ORD | Call Options | Written | -50,000 | 48.0000 | American | 14 Jul 2013 | |||||||
| ORD | Call Options | Written | -100,000 | 50.0000 | American | 14 Jul 2013 | |||||||
| ORD | Call Options | Written | -50,000 | 60.0000 | American | 14 Jul 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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