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

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

UK Regulatory Announcement

LONDON

                                               FORM 8.5 (EPT/NON-RI) AMENDMENT

         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:      23 December 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:    1,948,929   0.35%   1,482,760   0.26%
                                                                   
(2)               Derivatives (other
                  than
                  options):             1,834,772   0.33%   523,183     0.09%
                                                                   
(3)               Options and
                  agreements to
                  purchase/sell:        682,000     0.12%   869,000     0.16%
                                                                   
                  TOTAL:
                                        4,465,701   0.80%   2,874,943   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 (traded as ADR)   Purchase        11           16.9400 USD
ORD (traded as ADR)   Purchase        20           16.8800 USD
ORD                   Purchase        41           61.6660 EUR
ORD                   Purchase        53           61.7800 EUR
ORD                   Purchase        56           61.6640 EUR
ORD (traded as ADR)   Purchase        100          16.9020 USD
ORD                   Purchase        136          61.7400 EUR
ORD (traded as ADR)   Purchase        160          16.9762 USD
ORD                   Purchase        161          61.8000 EUR
ORD                   Purchase        168          61.7600 EUR
ORD                   Purchase        174          61.7477 EUR
ORD                   Purchase        188          61.7900 EUR
ORD                   Purchase        363          61.7300 EUR
ORD                   Purchase        438          61.7700 EUR
ORD                   Purchase        454          61.7136 EUR
ORD                   Purchase        469          61.6700 EUR
ORD                   Purchase        500          16.9020 USD
ORD                   Purchase        511          61.6800 EUR
ORD                   Purchase        562          61.6600 EUR
ORD                   Purchase        616          61.8566 EUR
ORD                   Purchase        691          61.6900 EUR
ORD                   Purchase        812          61.7500 EUR
ORD                   Purchase        1,121        61.9900 EUR
ORD                   Purchase        1,200        61.6627 EUR
ORD                   Purchase        1,731        61.7000 EUR
ORD                   Purchase        2,569        61.7088 EUR
ORD                   Purchase        2,694        61.7405 EUR
ORD                   Purchase        3,374        61.7918 EUR
ORD                   Purchase        4,086        61.7092 EUR
ORD                   Purchase        9,099        61.7155 EUR
ORD                   Purchase        9,114        61.6698 EUR
ORD                   Purchase        9,647        61.6834 EUR
ORD                   Purchase        13,613       61.7326 EUR
ORD                   Purchase        29,206       61.7624 EUR
ORD (traded as ADR)   Sale            11           16.9400 USD
ORD (traded as ADR)   Sale            20           16.8800 USD
ORD                   Sale            41           61.6660 EUR
ORD                   Sale            43           61.7481 EUR
ORD                   Sale            56           61.6640 EUR
ORD                   Sale            70           61.7800 EUR
ORD                   Sale            89           61.6625 EUR
ORD                   Sale            92           61.7921 EUR
ORD (traded as ADR)   Sale            100          16.9020 USD
ORD (traded as ADR)   Sale            140          16.9540 USD
ORD                   Sale            144          61.7625 EUR
ORD (traded as ADR)   Sale            160          16.9762 USD
ORD                   Sale            160          61.7300 EUR
ORD                   Sale            161          61.8000 EUR
ORD                   Sale            168          61.7600 EUR
ORD                   Sale            207          61.7323 EUR
ORD                   Sale            241          61.7400 EUR
ORD                   Sale            376          61.7900 EUR
ORD                   Sale            406          61.6800 EUR
ORD                   Sale            454          61.7135 EUR
ORD                   Sale            469          61.6700 EUR
ORD                   Sale            487          61.7100 EUR
ORD                   Sale            544          61.6900 EUR
ORD                   Sale            562          61.6600 EUR
ORD                   Sale            592          61.8013 EUR
ORD                   Sale            664          61.8557 EUR
ORD                   Sale            727          61.7700 EUR
ORD                   Sale            783          61.8138 EUR
ORD                   Sale            800          16.9762 USD
ORD                   Sale            812          61.7500 EUR
ORD                   Sale            905          61.7768 EUR
ORD                   Sale            1,004        61.7000 EUR
ORD                   Sale            2,564        61.7313 EUR
ORD                   Sale            4,724        61.9900 EUR
ORD                   Sale            5,200        61.7766 EUR
ORD                   Sale            8,219        61.8476 EUR
ORD                   Sale            9,750        61.7355 EUR
ORD                   Sale            79,000       61.9732 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                39           61.9820 EUR
ORD        CFD           Long                592          61.8013 EUR
ORD        CFD           Long                1,225        61.7700 EUR
ORD        CFD           Long                7,137        61.7889 EUR
ORD        CFD           Long                72,257       61.9847 EUR
ORD        CFD           Long                160          16.9762 USD
ORD        CFD           Short               100          16.9020 USD
ORD        CFD           Short               1,225        16.8916 USD
ORD        CFD           Short               3,299        61.6644 EUR
ORD        CFD           Short               9,647        61.6834 EUR
ORD        SWAP          Long                7            61.8000 EUR
ORD        SWAP          Long                657          61.7646 EUR
ORD        SWAP          Long                1,463        61.7971 EUR
ORD        SWAP          Long                4,216        61.7731 EUR
ORD        SWAP          Short               616          61.8566 EUR
ORD        SWAP          Short               2,424        61.7097 EUR
ORD        SWAP          Short               6,346        61.6782 EUR
ORD        SWAP          Short               7,454        61.6872 EUR
ORD        SWAP          Short               11,007       61.7230 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:                                   27 Dec 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.

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          Written       -250,000     57.7500    European   18 Dec
           Options                                                        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          Purchased     63,700       60.0000    American   21 Feb
           Options                                                        2014
ORD        Call          Purchased     75,000       60.0000    American   19 Dec
           Options                                                        2014
ORD        Call          Purchased     50,000       64.0000    American   19 Dec
           Options                                                        2014
ORD        Call          Purchased     43,300       68.0000    American   17 Jan
           Options                                                        2014
ORD        Call          Purchased     100,000      68.0000    American   20 Jun
           Options                                                        2014
ORD        Call          Purchased     100,000      80.0000    American   19 Dec
           Options                                                        2014
ORD        Call          Written       -119,000     60.0000    American   21 Feb
           Options                                                        2014
ORD        Call          Written       -50,000      64.0000    American   19 Dec
           Options                                                        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.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

Contact:

BARCLAYS PLC
 
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