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: | 6 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: | 1,804,051 | 0.32% | 1,522,718 | 0.27% | |||||||
(2) | Derivatives (other than | ||||||||||
options): | 1,568,385 | 0.28% | 336,961 | 0.06% | |||||||
(3) | Options and agreements to | ||||||||||
purchase/sell: | 682,000 | 0.12% | 869,000 | 0.15% | |||||||
(4) | TOTAL: | ||||||||||
4,054,436 | 0.72% | 2,728,679 | 0.49% |
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 | 23 | 62.6930 EUR | ||||
ORD | Purchase | 23 | 62.7310 EUR | ||||
ORD | Purchase | 26 | 62.5100 EUR | ||||
ORD | Purchase | 34 | 62.4820 EUR | ||||
ORD | Purchase | 46 | 62.5643 EUR | ||||
ORD | Purchase | 58 | 62.5720 EUR | ||||
ORD | Purchase | 58 | 62.6100 EUR | ||||
ORD | Purchase | 58 | 62.6710 EUR | ||||
ORD | Purchase | 86 | 62.4610 EUR | ||||
ORD | Purchase | 97 | 62.5900 EUR | ||||
ORD | Purchase | 97 | 62.5910 EUR | ||||
ORD | Purchase | 97 | 62.5950 EUR | ||||
ORD | Purchase | 97 | 62.7050 EUR | ||||
ORD | Purchase | 97 | 62.7350 EUR | ||||
ORD | Purchase | 110 | 62.6550 EUR | ||||
ORD | Purchase | 110 | 62.6650 EUR | ||||
ORD | Purchase | 120 | 62.6510 EUR | ||||
ORD | Purchase | 120 | 62.7010 EUR | ||||
ORD | Purchase | 136 | 62.5800 EUR | ||||
ORD | Purchase | 139 | 62.7400 EUR | ||||
ORD | Purchase | 171 | 62.7300 EUR | ||||
ORD | Purchase | 200 | 63.0000 EUR | ||||
ORD | Purchase | 208 | 62.4700 EUR | ||||
ORD | Purchase | 225 | 63.0500 EUR | ||||
ORD | Purchase | 230 | 62.7600 EUR | ||||
ORD | Purchase | 238 | 62.6600 EUR | ||||
ORD | Purchase | 246 | 17.0000 USD | ||||
ORD | Purchase | 263 | 62.6000 EUR | ||||
ORD | Purchase | 300 | 62.5600 EUR | ||||
ORD | Purchase | 305 | 62.6500 EUR | ||||
ORD | Purchase | 326 | 62.4900 EUR | ||||
ORD | Purchase | 360 | 62.5200 EUR | ||||
ORD | Purchase | 400 | 63.1000 EUR | ||||
ORD | Purchase | 410 | 62.5000 EUR | ||||
ORD | Purchase | 411 | 62.7200 EUR | ||||
ORD | Purchase | 455 | 62.5400 EUR | ||||
ORD | Purchase | 548 | 62.7000 EUR | ||||
ORD | Purchase | 560 | 62.6700 EUR | ||||
ORD | Purchase | 624 | 62.6800 EUR | ||||
ORD | Purchase | 1,126 | 62.5346 EUR | ||||
ORD | Purchase | 1,497 | 62.6240 EUR | ||||
ORD | Purchase | 1,672 | 62.5438 EUR | ||||
ORD | Purchase | 2,434 | 62.6224 EUR | ||||
ORD | Purchase | 2,837 | 62.5838 EUR | ||||
ORD | Purchase | 2,884 | 62.6350 EUR | ||||
ORD | Purchase | 3,589 | 62.6499 EUR | ||||
ORD | Purchase | 5,567 | 62.6067 EUR | ||||
ORD | Purchase | 7,742 | 62.6174 EUR | ||||
ORD | Purchase | 11,727 | 62.6697 EUR | ||||
ORD | Purchase | 14,838 | 62.7209 EUR | ||||
ORD | Purchase | 110 | 62.7400 EUR | ||||
ORD (traded as ADR) | Purchase | 2 | 16.9900 USD | ||||
ORD (traded as ADR) | Purchase | 49 | 17.0000 USD | ||||
ORD (traded as ADR) | Purchase | 386 | 17.0700 USD | ||||
ORD (traded as ADR) | Sale | 2 | 16.9900 USD | ||||
ORD (traded as ADR) | Sale | 49 | 17.0000 USD | ||||
ORD (traded as ADR) | Sale | 386 | 17.0700 USD | ||||
ORD | Sale | 1 | 62.9100 EUR | ||||
ORD | Sale | 23 | 62.6930 EUR | ||||
ORD | Sale | 23 | 62.7310 EUR | ||||
ORD | Sale | 26 | 62.5100 EUR | ||||
ORD | Sale | 34 | 62.4820 EUR | ||||
ORD | Sale | 58 | 62.5720 EUR | ||||
ORD | Sale | 58 | 62.6100 EUR | ||||
ORD | Sale | 58 | 62.6710 EUR | ||||
ORD | Sale | 60 | 63.0200 EUR | ||||
ORD | Sale | 86 | 62.4610 EUR | ||||
ORD | Sale | 97 | 62.5910 EUR | ||||
ORD | Sale | 97 | 62.5950 EUR | ||||
ORD | Sale | 97 | 62.7050 EUR | ||||
ORD | Sale | 97 | 62.7350 EUR | ||||
ORD | Sale | 110 | 62.6550 EUR | ||||
ORD | Sale | 110 | 62.6650 EUR | ||||
ORD | Sale | 120 | 62.6510 EUR | ||||
ORD | Sale | 136 | 62.5800 EUR | ||||
ORD | Sale | 170 | 62.7400 EUR | ||||
ORD | Sale | 171 | 62.7300 EUR | ||||
ORD | Sale | 200 | 63.0000 EUR | ||||
ORD | Sale | 208 | 62.4700 EUR | ||||
ORD | Sale | 225 | 63.0500 EUR | ||||
ORD | Sale | 230 | 62.7600 EUR | ||||
ORD | Sale | 232 | 62.6048 EUR | ||||
ORD | Sale | 238 | 62.6600 EUR | ||||
ORD | Sale | 263 | 62.6000 EUR | ||||
ORD | Sale | 305 | 62.6500 EUR | ||||
ORD | Sale | 312 | 62.6800 EUR | ||||
ORD | Sale | 326 | 62.4900 EUR | ||||
ORD | Sale | 360 | 62.5200 EUR | ||||
ORD | Sale | 363 | 62.6107 EUR | ||||
ORD | Sale | 400 | 63.1000 EUR | ||||
ORD | Sale | 410 | 62.5000 EUR | ||||
ORD | Sale | 411 | 62.7200 EUR | ||||
ORD | Sale | 423 | 62.5381 EUR | ||||
ORD | Sale | 455 | 62.5400 EUR | ||||
ORD | Sale | 546 | 62.7010 EUR | ||||
ORD | Sale | 548 | 62.7000 EUR | ||||
ORD | Sale | 560 | 62.6700 EUR | ||||
ORD | Sale | 633 | 63.0453 EUR | ||||
ORD | Sale | 699 | 62.6334 EUR | ||||
ORD | Sale | 953 | 62.7542 EUR | ||||
ORD | Sale | 958 | 62.5900 EUR | ||||
ORD | Sale | 1,330 | 62.6785 EUR | ||||
ORD | Sale | 2,613 | 62.7607 EUR | ||||
ORD | Sale | 3,004 | 62.8417 EUR | ||||
ORD | Sale | 3,118 | 62.6372 EUR | ||||
ORD | Sale | 3,327 | 62.6714 EUR | ||||
ORD | Sale | 6,576 | 62.5336 EUR | ||||
ORD | Sale | 11,012 | 62.6283 EUR | ||||
ORD | Sale | 11,262 | 62.6551 EUR | ||||
ORD | Sale | 21,020 | 62.6511 EUR | ||||
ORD | Sale | 27,247 | 62.6306 EUR | ||||
ORD | Sale | 27,389 | 62.5600 EUR | ||||
ORD | Sale | 48,327 | 62.6115 EUR |
(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 | 8 | 62.5550 EUR | |||||
ORD | CFD | Long | 20 | 62.5545 EUR | |||||
ORD | CFD | Long | 130 | 62.5678 EUR | |||||
ORD | SWAP | Long | 232 | 62.6048 EUR | |||||
ORD | CFD | Long | 289 | 62.5847 EUR | |||||
ORD | CFD | Long | 953 | 62.7542 EUR | |||||
ORD | CFD | Long | 1,765 | 62.5546 EUR | |||||
ORD | CFD | Long | 3,250 | 63.0700 EUR | |||||
ORD | CFD | Long | 4,212 | 62.9172 EUR | |||||
ORD | SWAP | Long | 8,252 | 62.8075 EUR | |||||
ORD | CFD | Long | 27,247 | 62.6306 EUR | |||||
ORD | CFD | Long | 42,597 | 62.5846 EUR | |||||
ORD | CFD | Short | 16,250 | 17.1411 USD | |||||
ORD | CFD | Short | 232 | 62.5638 EUR | |||||
ORD | SWAP | Short | 420 | 62.5727 EUR | |||||
ORD | SWAP | Short | 1,497 | 62.6240 EUR | |||||
ORD | CFD | Short | 2,837 | 62.5837 EUR | |||||
ORD | SWAP | Short | 5,358 | 62.6085 EUR | |||||
ORD | SWAP | Short | 10,153 | 62.6188 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: | 7 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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