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: | 2 January 2014 | |
(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: | 1,889,314 | 0.34% | 1,510,201 | 0.27% | |||||||
(2) | Derivatives (other than | ||||||||||
options): | 1,565,711 | 0.28% | 426,464 | 0.08% | |||||||
(3) | Options and agreements to | ||||||||||
purchase/sell: | 682,000 | 0.12% | 869,000 | 0.15% | |||||||
(4) | TOTAL: | ||||||||||
4,137,025 | 0.74% | 2,805,665 | 0.50% |
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 | 21 | 62.5250 EUR | ||||
ORD | Purchase | 21 | 62.5400 EUR | ||||
ORD | Purchase | 21 | 62.5450 EUR | ||||
ORD | Purchase | 23 | 62.5800 EUR | ||||
ORD | Purchase | 24 | 62.3880 EUR | ||||
ORD | Purchase | 24 | 62.8900 EUR | ||||
ORD | Purchase | 38 | 62.4380 EUR | ||||
ORD | Purchase | 41 | 62.7900 EUR | ||||
ORD | Purchase | 52 | 62.5300 EUR | ||||
ORD | Purchase | 56 | 62.3850 EUR | ||||
ORD (traded as ADR) | Purchase | 68 | 17.0000 USD | ||||
ORD | Purchase | 72 | 62.4900 EUR | ||||
ORD | Purchase | 85 | 62.4050 EUR | ||||
ORD | Purchase | 97 | 62.5500 EUR | ||||
ORD | Purchase | 102 | 62.2700 EUR | ||||
ORD | Purchase | 102 | 62.7700 EUR | ||||
ORD | Purchase | 102 | 63.0100 EUR | ||||
ORD | Purchase | 103 | 63.0200 EUR | ||||
ORD | Purchase | 117 | 63.0600 EUR | ||||
ORD | Purchase | 136 | 62.3200 EUR | ||||
ORD | Purchase | 147 | 62.2680 EUR | ||||
ORD | Purchase | 159 | 62.4600 EUR | ||||
ORD | Purchase | 168 | 62.3400 EUR | ||||
ORD | Purchase | 188 | 62.4100 EUR | ||||
ORD (traded as ADR) | Purchase | 198 | 16.9500 USD | ||||
ORD | Purchase | 275 | 62.4090 EUR | ||||
ORD | Purchase | 300 | 62.3800 EUR | ||||
ORD | Purchase | 305 | 62.2990 EUR | ||||
ORD | Purchase | 345 | 62.5600 EUR | ||||
ORD | Purchase | 357 | 62.5372 EUR | ||||
ORD | Purchase | 366 | 62.4000 EUR | ||||
ORD | Purchase | 370 | 62.3900 EUR | ||||
ORD | Purchase | 373 | 62.5797 EUR | ||||
ORD | Purchase | 400 | 62.5000 EUR | ||||
ORD | Purchase | 449 | 62.4300 EUR | ||||
ORD | Purchase | 743 | 63.2303 EUR | ||||
ORD | Purchase | 905 | 62.5900 EUR | ||||
ORD | Purchase | 973 | 16.9500 USD | ||||
ORD | Purchase | 1,169 | 62.5955 EUR | ||||
ORD | Purchase | 1,182 | 62.4200 EUR | ||||
ORD (traded as ADR) | Purchase | 1,384 | 16.9635 USD | ||||
ORD | Purchase | 1,450 | 62.5269 EUR | ||||
ORD | Purchase | 2,648 | 62.6592 EUR | ||||
ORD | Purchase | 2,700 | 62.8961 EUR | ||||
ORD | Purchase | 4,513 | 62.6183 EUR | ||||
ORD | Purchase | 4,563 | 62.3759 EUR | ||||
ORD | Purchase | 5,343 | 62.5186 EUR | ||||
ORD | Purchase | 5,686 | 62.2600 EUR | ||||
ORD | Purchase | 6,120 | 62.3538 EUR | ||||
ORD | Purchase | 6,282 | 62.9261 EUR | ||||
ORD | Purchase | 10,632 | 62.5471 EUR | ||||
ORD | Purchase | 18,344 | 62.5601 EUR | ||||
ORD | Purchase | 19,738 | 62.4641 EUR | ||||
ORD | Purchase | 26,985 | 62.6400 EUR | ||||
ORD | Sale | 21 | 62.5250 EUR | ||||
ORD | Sale | 21 | 62.5400 EUR | ||||
ORD | Sale | 21 | 62.5450 EUR | ||||
ORD | Sale | 23 | 62.5800 EUR | ||||
ORD | Sale | 38 | 62.4380 EUR | ||||
ORD | Sale | 41 | 62.7900 EUR | ||||
ORD | Sale | 52 | 62.5300 EUR | ||||
ORD | Sale | 56 | 62.3850 EUR | ||||
ORD (traded as ADR) | Sale | 68 | 17.0000 USD | ||||
ORD | Sale | 72 | 62.4900 EUR | ||||
ORD | Sale | 85 | 62.4050 EUR | ||||
ORD | Sale | 90 | 63.6000 EUR | ||||
ORD | Sale | 97 | 62.5500 EUR | ||||
ORD | Sale | 100 | 62.5700 EUR | ||||
ORD | Sale | 102 | 62.2700 EUR | ||||
ORD | Sale | 102 | 62.7700 EUR | ||||
ORD | Sale | 102 | 63.0100 EUR | ||||
ORD | Sale | 103 | 63.0200 EUR | ||||
ORD | Sale | 136 | 62.3200 EUR | ||||
ORD | Sale | 145 | 62.5138 EUR | ||||
ORD | Sale | 147 | 62.2680 EUR | ||||
ORD | Sale | 153 | 62.4033 EUR | ||||
ORD | Sale | 159 | 62.4600 EUR | ||||
ORD | Sale | 168 | 62.3400 EUR | ||||
ORD | Sale | 188 | 62.4100 EUR | ||||
ORD (traded as ADR) | Sale | 198 | 16.9500 USD | ||||
ORD | Sale | 210 | 62.5327 EUR | ||||
ORD | Sale | 227 | 62.2600 EUR | ||||
ORD | Sale | 234 | 63.0600 EUR | ||||
ORD | Sale | 235 | 62.4887 EUR | ||||
ORD | Sale | 275 | 62.4090 EUR | ||||
ORD | Sale | 300 | 62.3800 EUR | ||||
ORD | Sale | 305 | 62.2990 EUR | ||||
ORD | Sale | 338 | 62.3900 EUR | ||||
ORD | Sale | 366 | 62.4000 EUR | ||||
ORD | Sale | 400 | 62.5000 EUR | ||||
ORD | Sale | 449 | 62.4300 EUR | ||||
ORD | Sale | 519 | 62.4325 EUR | ||||
ORD | Sale | 719 | 62.3915 EUR | ||||
ORD | Sale | 721 | 62.8933 EUR | ||||
ORD | Sale | 782 | 62.4200 EUR | ||||
ORD | Sale | 813 | 62.4431 EUR | ||||
ORD | Sale | 842 | 62.5200 EUR | ||||
ORD | Sale | 885 | 62.4847 EUR | ||||
ORD | Sale | 905 | 62.5900 EUR | ||||
ORD (traded as ADR) | Sale | 1,384 | 16.9635 USD | ||||
ORD | Sale | 1,773 | 62.2600 EUR | ||||
ORD | Sale | 2,022 | 63.7340 EUR | ||||
ORD | Sale | 2,259 | 62.6874 EUR | ||||
ORD | Sale | 3,074 | 62.4545 EUR | ||||
ORD | Sale | 4,876 | 62.3071 EUR | ||||
ORD | Sale | 5,158 | 62.5036 EUR | ||||
ORD | Sale | 5,465 | 62.7707 EUR | ||||
ORD | Sale | 13,500 | 62.6139 EUR | ||||
ORD | Sale | 16,988 | 62.4630 EUR | ||||
ORD | Sale | 17,616 | 62.5106 EUR | ||||
ORD | Sale | 40,230 | 62.5468 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 | 260 | 62.8898 EUR | |||||
ORD | SWAP | Long | 519 | 62.4325 EUR | |||||
ORD | CFD | Long | 2,259 | 62.6874 EUR | |||||
ORD | SWAP | Long | 2,446 | 62.5633 EUR | |||||
ORD | CFD | Long | 4,216 | 62.2547 EUR | |||||
ORD | SWAP | Long | 16,988 | 62.4630 EUR | |||||
ORD | SWAP | Short | 11 | 62.5709 EUR | |||||
ORD | CFD | Short | 774 | 62.4456 EUR | |||||
ORD | SWAP | Short | 2,090 | 62.4766 EUR | |||||
ORD | CFD | Short | 4,513 | 62.6183 EUR | |||||
ORD | CFD | Short | 4,563 | 62.3759 EUR | |||||
ORD | CFD | Short | 6,947 | 62.9183 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: | 3 Jan 2014 | |
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 monitoring@disclosure.org.uk. 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 | 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 | 100,000 | 48.0000 | American | 19 Dec 2014 | |||||||
ORD | Put Options | Written | -100,000 | 50.0000 | American | 19 Dec 2014 | |||||||
ORD | Put Options | Written | -50,000 | 52.0000 | American | 19 Dec 2014 | |||||||
ORD | Call Options | Purchased | 63,700 | 60.0000 | American | 21 Feb 2014 | |||||||
ORD | Call Options | Purchased | 75,000 | 60.0000 | American | 19 Dec 2014 | |||||||
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 | -119,000 | 60.0000 | American | 21 Feb 2014 | |||||||
ORD | Call Options | Written | -50,000 | 64.0000 | American | 19 Dec 2014 |
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.
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