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: | 13 Jan 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)
Interests | Short Positions | ||||||||||
Number | (%) | Number | (%) | ||||||||
(1) | Relevant securities owned | ||||||||||
and/or controlled: | 1,749,603 | 0.31% | 1,684,784 | 0.30% | |||||||
(2) | Derivatives (other than | ||||||||||
options): | 1,729,049 | 0.31% | 319,055 | 0.06% | |||||||
(3) | Options and agreements to | ||||||||||
purchase/sell: | 682,000 | 0.12% | 869,000 | 0.15% | |||||||
(4) | TOTAL: | ||||||||||
4,160,652 | 0.74% | 2,872,839 | 0.51% |
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 | 22 | 63.1800 EUR | ||||
ORD | Purchase | 26 | 62.8750 EUR | ||||
ORD | Purchase | 29 | 62.9870 EUR | ||||
ORD | Purchase | 31 | 63.0397 EUR | ||||
ORD (traded as ADR) | Purchase | 38 | 17.1700 USD | ||||
ORD | Purchase | 40 | 62.8300 EUR | ||||
ORD (traded as ADR) | Purchase | 43 | 17.0900 USD | ||||
ORD | Purchase | 44 | 62.9410 EUR | ||||
ORD (traded as ADR) | Purchase | 45 | 17.2100 USD | ||||
ORD | Purchase | 49 | 62.9960 EUR | ||||
ORD | Purchase | 74 | 62.9110 EUR | ||||
ORD | Purchase | 74 | 62.9250 EUR | ||||
ORD | Purchase | 74 | 62.9350 EUR | ||||
ORD | Purchase | 88 | 62.8900 EUR | ||||
ORD | Purchase | 99 | 62.9300 EUR | ||||
ORD | Purchase | 132 | 63.2200 EUR | ||||
ORD | Purchase | 148 | 62.8850 EUR | ||||
ORD | Purchase | 171 | 62.8500 EUR | ||||
ORD | Purchase | 172 | 62.8350 EUR | ||||
ORD | Purchase | 173 | 62.9850 EUR | ||||
ORD | Purchase | 215 | 17.0900 USD | ||||
ORD | Purchase | 222 | 62.9950 EUR | ||||
ORD | Purchase | 223 | 62.8650 EUR | ||||
ORD | Purchase | 289 | 63.1898 EUR | ||||
ORD | Purchase | 300 | 62.8610 EUR | ||||
ORD | Purchase | 300 | 62.8710 EUR | ||||
ORD | Purchase | 349 | 63.2500 EUR | ||||
ORD | Purchase | 352 | 63.0900 EUR | ||||
ORD | Purchase | 379 | 63.2000 EUR | ||||
ORD | Purchase | 391 | 63.0250 EUR | ||||
ORD | Purchase | 400 | 63.0500 EUR | ||||
ORD | Purchase | 481 | 63.0200 EUR | ||||
ORD | Purchase | 500 | 63.2800 EUR | ||||
ORD | Purchase | 531 | 62.9400 EUR | ||||
ORD | Purchase | 543 | 62.8530 EUR | ||||
ORD | Purchase | 659 | 63.0400 EUR | ||||
ORD | Purchase | 780 | 62.9900 EUR | ||||
ORD | Purchase | 1,183 | 62.9074 EUR | ||||
ORD | Purchase | 1,214 | 63.0625 EUR | ||||
ORD | Purchase | 1,259 | 63.0100 EUR | ||||
ORD | Purchase | 1,322 | 63.2584 EUR | ||||
ORD | Purchase | 1,336 | 62.9500 EUR | ||||
ORD | Purchase | 1,683 | 62.9200 EUR | ||||
ORD (traded as ADR) | Purchase | 1,783 | 17.1905 USD | ||||
ORD | Purchase | 1,794 | 63.2190 EUR | ||||
ORD | Purchase | 2,522 | 62.9437 EUR | ||||
ORD | Purchase | 2,887 | 63.0307 EUR | ||||
ORD | Purchase | 3,055 | 63.0392 EUR | ||||
ORD | Purchase | 9,056 | 63.0425 EUR | ||||
ORD | Purchase | 11,284 | 62.9863 EUR | ||||
ORD | Purchase | 17,510 | 63.0000 EUR | ||||
ORD | Purchase | 27,201 | 63.1402 EUR | ||||
ORD | Purchase | 31,479 | 62.9370 EUR | ||||
ORD | Purchase | 43,293 | 63.0509 EUR | ||||
ORD | Sale | 22 | 63.1800 EUR | ||||
ORD | Sale | 26 | 62.8750 EUR | ||||
ORD | Sale | 29 | 62.9870 EUR | ||||
ORD (traded as ADR) | Sale | 43 | 17.0900 USD | ||||
ORD | Sale | 44 | 62.9410 EUR | ||||
ORD | Sale | 49 | 62.9960 EUR | ||||
ORD | Sale | 74 | 62.9110 EUR | ||||
ORD | Sale | 74 | 62.9250 EUR | ||||
ORD | Sale | 74 | 62.9350 EUR | ||||
ORD (traded as ADR) | Sale | 82 | 17.1917 USD | ||||
ORD | Sale | 88 | 62.8900 EUR | ||||
ORD | Sale | 99 | 62.9300 EUR | ||||
ORD | Sale | 111 | 63.0131 EUR | ||||
ORD | Sale | 132 | 63.2200 EUR | ||||
ORD | Sale | 140 | 63.1615 EUR | ||||
ORD | Sale | 148 | 62.8850 EUR | ||||
ORD | Sale | 171 | 62.8500 EUR | ||||
ORD | Sale | 172 | 62.8350 EUR | ||||
ORD | Sale | 173 | 62.9850 EUR | ||||
ORD | Sale | 222 | 62.9950 EUR | ||||
ORD | Sale | 223 | 62.8650 EUR | ||||
ORD | Sale | 300 | 62.8610 EUR | ||||
ORD | Sale | 300 | 62.8710 EUR | ||||
ORD | Sale | 316 | 63.0200 EUR | ||||
ORD | Sale | 352 | 63.0900 EUR | ||||
ORD | Sale | 379 | 63.2000 EUR | ||||
ORD | Sale | 391 | 63.0250 EUR | ||||
ORD | Sale | 400 | 63.0500 EUR | ||||
ORD | Sale | 437 | 63.0630 EUR | ||||
ORD | Sale | 475 | 63.1400 EUR | ||||
ORD | Sale | 489 | 63.2453 EUR | ||||
ORD | Sale | 500 | 63.2800 EUR | ||||
ORD | Sale | 531 | 62.9400 EUR | ||||
ORD | Sale | 543 | 62.8530 EUR | ||||
ORD | Sale | 674 | 63.0400 EUR | ||||
ORD | Sale | 780 | 62.9900 EUR | ||||
ORD | Sale | 893 | 63.2500 EUR | ||||
ORD | Sale | 1,150 | 63.0275 EUR | ||||
ORD | Sale | 1,259 | 63.0100 EUR | ||||
ORD | Sale | 1,336 | 62.9500 EUR | ||||
ORD | Sale | 1,664 | 63.1209 EUR | ||||
ORD | Sale | 1,683 | 62.9200 EUR | ||||
ORD (traded as ADR) | Sale | 1,783 | 17.1905 USD | ||||
ORD | Sale | 2,189 | 63.0005 EUR | ||||
ORD | Sale | 2,249 | 63.0089 EUR | ||||
ORD | Sale | 3,203 | 63.0961 EUR | ||||
ORD | Sale | 4,213 | 63.1774 EUR | ||||
ORD | Sale | 4,898 | 63.0934 EUR | ||||
ORD | Sale | 5,739 | 63.0272 EUR | ||||
ORD | Sale | 6,871 | 63.0812 EUR | ||||
ORD | Sale | 8,914 | 17.1905 USD | ||||
ORD | Sale | 9,564 | 63.0012 EUR | ||||
ORD | Sale | 17,510 | 63.0000 EUR | ||||
ORD | Sale | 19,129 | 63.1234 EUR | ||||
ORD | Sale | 23,939 | 62.9782 EUR | ||||
ORD | Sale | 31,551 | 63.0715 EUR | ||||
ORD | Sale | 44,761 | 63.0676 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 | 400 | 63.1999 EUR | |||||
ORD | CFD | Long | 2,255 | 63.3388 EUR | |||||
ORD | SWAP | Long | 5,133 | 63.2408 EUR | |||||
ORD | CFD | Long | 15,219 | 63.0400 EUR | |||||
ORD | CFD | Long | 17,000 | 63.0200 EUR | |||||
ORD | CFD | Short | 680 | 17.2296 USD | |||||
ORD | CFD | Short | 129 | 63.1627 EUR | |||||
ORD | CFD | Short | 3,055 | 63.0392 EUR | |||||
ORD | SWAP | Short | 4,475 | 63.0306 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 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 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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