0NWV: BARCLAYS PLC: FORM 8.5 (EPT/NON-RI) - SCHNEIDER ELECTRIC SA Amendment

  0NWV: BARCLAYS PLC: FORM 8.5 (EPT/NON-RI) - SCHNEIDER ELECTRIC SA Amendment

UK Regulatory Announcement

LONDON

                                                         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      SCHNEIDER ELECTRIC SA
      whose
     relevant securities this form relates:      
(c)   Name of the party to the offer with which   Advisor to Offeree
      exempt
     principal trader is connected               
(d)   Date position held/dealing undertaken:      12 July 2013
(e)   Has the EPT previously disclosed, or is     YES:
      it
      today disclosing, under the Code in         INVENSYS PLC
      respect
     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                             ORD                        
security:
                                        Interests           Short Positions
                                      Number      (%)     Number      (%)
(1)               Relevant securities
                  owned
                  and/or controlled:    1,111,581   0.20%   33,057      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%
                                                                   
                  TOTAL:
                                      3,030,175   0.54%   2,890,180   0.52%

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        100          55.9300 EUR
ORD                   Purchase        360          55.6071 EUR
ORD                   Purchase        751          55.6254 EUR
ORD                   Purchase        1,295        55.7000 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            2,037        55.7481 EUR
ORD                   Sale            2,630        55.9129 EUR
ORD                   Sale            2,000        55.6928 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                1,056        14.4952 USD
ORD        CFD           Short               3,171        14.3923 USD
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

                         Writing,      Number of               Type                 Option
Class of   Product       purchasing,   securities   Exercise                        money
relevant  description  selling,     to which    price     e.g.       Expiry  paid/
security   e.g. call     varying       option       per unit   American,   date     received
           option        etc.          relates                 European             per unit
                                                               etc.

(ii) Exercising

                     Product
Class of relevant   description         Number of          Exercise price
security                                  securities          per unit
                     e.g. call option

(d) Other dealings (including subscribing for new securities)

                    Nature of dealing
Class of relevant                      Details  Price per unit (if
security            e.g. subscription,             applicable)
                    conversion

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:                                   19 Jul 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
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 the person whose                    BARCLAYS CAPITAL SECURITIES
positions/dealings                               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        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          Written       -250,000     57.7500    European   18 Dec
           Options                                                        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          Purchased     50,000       52.0000    American   14 Jul
           Options                                                        2013
ORD        Call          Purchased     43,300       60.0000    American   14 Jul
           Options                                                        2013
ORD        Call          Purchased     100,000      64.0000    American   14 Jul
           Options                                                        2013
ORD        Call          Written       -50,000      48.0000    American   14 Jul
           Options                                                        2013
ORD        Call          Written       -100,000     50.0000    American   14 Jul
           Options                                                        2013
ORD        Call          Written       -50,000      60.0000    American   14 Jul
           Options                                                        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.

Contact:

BARCLAYS PLC
 
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