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: | 3 January 2014 | |||
(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: | 1,916,675 | 0.34% | 1,519,150 | 0.27% | |||||||
(2) | Derivatives (other than | ||||||||||
options): | 1,572,993 | 0.28% | 407,003 | 0.07% | |||||||
(3) | Options and agreements to | ||||||||||
purchase/sell: | 682,000 | 0.12% | 869,000 | 0.15% | |||||||
(4) | TOTAL: | ||||||||||
4,171,668 | 0.74% | 2,795,153 | 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 | 29 | 62.4700 EUR | ||||
ORD | Purchase | 39 | 62.4200 EUR | ||||
ORD | Purchase | 40 | 62.4055 EUR | ||||
ORD | Purchase | 46 | 62.8700 EUR | ||||
ORD | Purchase | 52 | 62.5800 EUR | ||||
ORD | Purchase | 59 | 62.4300 EUR | ||||
ORD | Purchase | 166 | 62.5400 EUR | ||||
ORD | Purchase | 269 | 62.6287 EUR | ||||
ORD | Purchase | 294 | 62.3100 EUR | ||||
ORD | Purchase | 300 | 62.5600 EUR | ||||
ORD | Purchase | 307 | 62.4800 EUR | ||||
ORD | Purchase | 345 | 62.5100 EUR | ||||
ORD | Purchase | 379 | 62.4500 EUR | ||||
ORD | Purchase | 471 | 62.5080 EUR | ||||
ORD | Purchase | 500 | 62.3900 EUR | ||||
ORD | Purchase | 541 | 62.5022 EUR | ||||
ORD | Purchase | 641 | 62.5000 EUR | ||||
ORD | Purchase | 1,546 | 62.4964 EUR | ||||
ORD | Purchase | 2,340 | 62.8292 EUR | ||||
ORD | Purchase | 3,460 | 62.6383 EUR | ||||
ORD | Purchase | 14,217 | 62.6254 EUR | ||||
ORD | Purchase | 16,138 | 62.6818 EUR | ||||
ORD | Purchase | 44,975 | 62.7400 EUR | ||||
ORD | Purchase | 1,472 | 62.5713 EUR | ||||
ORD (traded as ADR) | Purchase | 2 | 16.8900 USD | ||||
ORD (traded as ADR) | Purchase | 226 | 16.9485 USD | ||||
ORD (traded as ADR) | Sale | 2 | 16.8900 USD | ||||
ORD (traded as ADR) | Sale | 226 | 16.9485 USD | ||||
ORD | Sale | 29 | 62.4700 EUR | ||||
ORD | Sale | 39 | 62.4200 EUR | ||||
ORD | Sale | 40 | 62.4055 EUR | ||||
ORD | Sale | 46 | 62.8700 EUR | ||||
ORD | Sale | 52 | 62.5800 EUR | ||||
ORD | Sale | 55 | 62.8900 EUR | ||||
ORD | Sale | 59 | 62.4300 EUR | ||||
ORD | Sale | 149 | 62.5400 EUR | ||||
ORD | Sale | 213 | 62.7554 EUR | ||||
ORD | Sale | 307 | 62.4800 EUR | ||||
ORD | Sale | 345 | 62.5100 EUR | ||||
ORD | Sale | 357 | 62.5600 EUR | ||||
ORD | Sale | 479 | 62.4500 EUR | ||||
ORD | Sale | 623 | 62.5096 EUR | ||||
ORD | Sale | 651 | 62.5367 EUR | ||||
ORD | Sale | 942 | 62.5554 EUR | ||||
ORD | Sale | 1,131 | 16.9485 USD | ||||
ORD | Sale | 1,147 | 62.5053 EUR | ||||
ORD | Sale | 2,022 | 62.5000 EUR | ||||
ORD | Sale | 2,402 | 62.6016 EUR | ||||
ORD | Sale | 2,650 | 62.5437 EUR | ||||
ORD | Sale | 8,411 | 62.5907 EUR | ||||
ORD | Sale | 9,418 | 62.5598 EUR | ||||
ORD | Sale | 9,531 | 62.5981 EUR | ||||
ORD | Sale | 10,177 | 62.6387 EUR | ||||
ORD | Sale | 19,997 | 62.4933 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 | 62.2818 EUR | |||||
ORD | SWAP | Long | 300 | 62.5518 EUR | |||||
ORD | CFD | Long | 2,402 | 62.6016 EUR | |||||
ORD | CFD | Long | 2,588 | 62.6040 EUR | |||||
ORD | CFD | Long | 7,597 | 62.6624 EUR | |||||
ORD | CFD | Long | 8,411 | 62.5907 EUR | |||||
ORD | CFD | Short | 17 | 62.5447 EUR | |||||
ORD | SWAP | Short | 200 | 62.3600 EUR | |||||
ORD | SWAP | Short | 200 | 62.3900 EUR | |||||
ORD | CFD | Short | 2,340 | 62.8292 EUR | |||||
ORD | SWAP | Short | 3,359 | 62.5341 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: | 6 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.
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 | 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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