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

  0NWV: BARCLAYS PLC: Form 8.5 (EPT/NON-RI) AMENDMENT - 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:      15 January 2014
(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:    1,790,197   0.32%   1,896,203   0.34%
                                                                   
(2)               Derivatives (other
                  than
                  options):             1,818,944   0.32%   314,835     0.06%
                                                                   
(3)               Options and
                  agreements to
                  purchase/sell:        682,000     0.12%   869,000     0.15%
                                                                   
                  TOTAL:
                                        4,291,141   0.77%   3,080,038   0.55%

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        8            64.2990 EUR
ORD (traded as ADR)   Purchase        17           17.4900 USD
ORD                   Purchase        21           63.5190 EUR
ORD                   Purchase        21           63.7850 EUR
ORD                   Purchase        30           63.5000 EUR
ORD                   Purchase        30           63.5150 EUR
ORD                   Purchase        39           63.6760 EUR
ORD                   Purchase        44           63.5100 EUR
ORD                   Purchase        45           63.5800 EUR
ORD                   Purchase        51           63.8250 EUR
ORD                   Purchase        55           63.9800 EUR
ORD                   Purchase        56           63.5650 EUR
ORD                   Purchase        56           63.7500 EUR
ORD                   Purchase        59           64.0600 EUR
ORD                   Purchase        59           64.1100 EUR
ORD                   Purchase        59           64.1700 EUR
ORD                   Purchase        63           63.6120 EUR
ORD                   Purchase        63           63.6530 EUR
ORD                   Purchase        63           63.7050 EUR
ORD                   Purchase        76           63.6780 EUR
ORD                   Purchase        78           64.2950 EUR
ORD                   Purchase        79           64.2000 EUR
ORD                   Purchase        80           63.6040 EUR
ORD                   Purchase        99           64.1400 EUR
ORD                   Purchase        99           64.1800 EUR
ORD                   Purchase        99           64.1900 EUR
ORD                   Purchase        100          63.5950 EUR
ORD                   Purchase        102          63.6130 EUR
ORD                   Purchase        104          64.2440 EUR
ORD                   Purchase        113          63.7700 EUR
ORD                   Purchase        121          63.6400 EUR
ORD                   Purchase        149          63.7650 EUR
ORD                   Purchase        153          64.1600 EUR
ORD                   Purchase        158          64.2200 EUR
ORD                   Purchase        165          63.6800 EUR
ORD                   Purchase        171          64.2800 EUR
ORD                   Purchase        182          63.5500 EUR
ORD                   Purchase        185          63.6450 EUR
ORD                   Purchase        192          64.1750 EUR
ORD                   Purchase        193          64.0700 EUR
ORD                   Purchase        200          64.1300 EUR
ORD                   Purchase        200          64.2300 EUR
ORD                   Purchase        226          63.6150 EUR
ORD                   Purchase        270          63.8526 EUR
ORD                   Purchase        275          63.5250 EUR
ORD                   Purchase        286          63.6650 EUR
ORD                   Purchase        288          63.6550 EUR
ORD                   Purchase        300          63.6000 EUR
ORD                   Purchase        325          63.6565 EUR
ORD                   Purchase        342          63.7800 EUR
ORD                   Purchase        349          63.6600 EUR
ORD                   Purchase        380          63.5200 EUR
ORD                   Purchase        388          63.6300 EUR
ORD                   Purchase        400          63.6010 EUR
ORD                   Purchase        405          63.7200 EUR
ORD                   Purchase        406          63.6900 EUR
ORD                   Purchase        413          63.8000 EUR
ORD                   Purchase        442          63.7950 EUR
ORD                   Purchase        572          63.6100 EUR
ORD                   Purchase        705          63.7400 EUR
ORD (traded as ADR)   Purchase        823          17.3948 USD
ORD                   Purchase        1,409        64.2400 EUR
ORD                   Purchase        1,551        63.6200 EUR
ORD                   Purchase        1,560        63.6500 EUR
ORD (traded as ADR)   Purchase        1,845        17.3282 USD
ORD                   Purchase        2,082        63.7921 EUR
ORD                   Purchase        2,089        63.9672 EUR
ORD                   Purchase        2,121        63.7363 EUR
ORD                   Purchase        2,854        63.8240 EUR
ORD                   Purchase        3,058        63.6555 EUR
ORD                   Purchase        5,052        63.9812 EUR
ORD                   Purchase        6,002        63.7204 EUR
ORD                   Purchase        9,223        17.3282 USD
ORD                   Purchase        10,511       63.4147 EUR
ORD                   Purchase        10,516       64.0029 EUR
ORD                   Purchase        14,062       63.9125 EUR
ORD                   Purchase        25,000       63.9338 EUR
ORD                   Purchase        33,846       63.8755 EUR
ORD                   Purchase        54,479       63.8200 EUR
ORD                   Purchase        83,771       63.7159 EUR
ORD                   Purchase        86,741       64.0400 EUR
ORD                   Purchase        112,058      63.7647 EUR
ORD                   Sale            8            64.2990 EUR
ORD (traded as ADR)   Sale            17           17.4900 USD
ORD                   Sale            21           63.5190 EUR
ORD                   Sale            21           63.7850 EUR
ORD                   Sale            30           63.5000 EUR
ORD                   Sale            30           63.5150 EUR
ORD                   Sale            39           63.6760 EUR
ORD (traded as ADR)   Sale            44           17.2820 USD
ORD                   Sale            44           63.5100 EUR
ORD                   Sale            45           63.5800 EUR
ORD                   Sale            51           63.8250 EUR
ORD                   Sale            55           63.9800 EUR
ORD                   Sale            56           63.5650 EUR
ORD                   Sale            56           63.7500 EUR
ORD                   Sale            59           64.0600 EUR
ORD                   Sale            59           64.1100 EUR
ORD                   Sale            59           64.1700 EUR
ORD                   Sale            63           63.6120 EUR
ORD                   Sale            63           63.6530 EUR
ORD                   Sale            63           63.7050 EUR
ORD                   Sale            76           63.6780 EUR
ORD                   Sale            78           64.2950 EUR
ORD                   Sale            79           64.2000 EUR
ORD                   Sale            80           63.6040 EUR
ORD                   Sale            99           64.1400 EUR
ORD                   Sale            99           64.1750 EUR
ORD                   Sale            99           64.1800 EUR
ORD                   Sale            99           64.1900 EUR
ORD                   Sale            100          63.5950 EUR
ORD                   Sale            102          63.6130 EUR
ORD                   Sale            104          64.2440 EUR
ORD                   Sale            113          63.7700 EUR
ORD                   Sale            121          63.6400 EUR
ORD                   Sale            149          63.7650 EUR
ORD                   Sale            150          63.5800 EUR
ORD                   Sale            153          64.1600 EUR
ORD                   Sale            158          64.2200 EUR
ORD                   Sale            165          63.6800 EUR
ORD                   Sale            171          64.2800 EUR
ORD                   Sale            185          63.6450 EUR
ORD                   Sale            193          64.0700 EUR
ORD                   Sale            200          64.1300 EUR
ORD                   Sale            200          64.2300 EUR
ORD                   Sale            226          63.6150 EUR
ORD                   Sale            275          63.5250 EUR
ORD                   Sale            286          63.6650 EUR
ORD                   Sale            288          63.6550 EUR
ORD                   Sale            300          63.6000 EUR
ORD                   Sale            300          63.8200 EUR
ORD                   Sale            342          63.7800 EUR
ORD                   Sale            349          63.6600 EUR
ORD                   Sale            364          63.5500 EUR
ORD                   Sale            380          63.5200 EUR
ORD                   Sale            388          63.6300 EUR
ORD                   Sale            400          63.6010 EUR
ORD                   Sale            405          63.7200 EUR
ORD                   Sale            406          63.6900 EUR
ORD                   Sale            413          63.8000 EUR
ORD                   Sale            442          63.7950 EUR
ORD                   Sale            572          63.6100 EUR
ORD                   Sale            607          63.8388 EUR
ORD                   Sale            705          63.7400 EUR
ORD                   Sale            764          64.0217 EUR
ORD (traded as ADR)   Sale            823          17.3948 USD
ORD                   Sale            1,026        TRANSFER
ORD                   Sale            1,040        64.1494 EUR
ORD                   Sale            1,128        63.9333 EUR
ORD                   Sale            1,378        63.8482 EUR
ORD                   Sale            1,398        63.6200 EUR
ORD                   Sale            1,409        64.2400 EUR
ORD                   Sale            1,489        63.5494 EUR
ORD                   Sale            1,546        63.6500 EUR
ORD                   Sale            1,783        64.1704 EUR
ORD (traded as ADR)   Sale            1,845        17.3282 USD
ORD                   Sale            2,258        63.9354 EUR
ORD                   Sale            3,315        64.0400 EUR
ORD                   Sale            3,539        63.9792 EUR
ORD                   Sale            4,117        17.3948 USD
ORD                   Sale            5,740        63.6276 EUR
ORD                   Sale            7,044        63.5864 EUR
ORD                   Sale            10,783       63.9910 EUR
ORD                   Sale            14,036       63.7452 EUR
ORD                   Sale            15,223       63.8271 EUR
ORD                   Sale            33,516       63.8302 EUR
ORD                   Sale            50,000       63.6561 EUR
ORD                   Sale            92,768       63.6873 EUR
ORD                   Sale            129,828      63.9625 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                198          64.0241 EUR
ORD        CFD           Long                396          64.0141 EUR
ORD        SWAP          Long                764          64.0216 EUR
ORD        CFD           Long                6,000        63.6500 EUR
ORD        CFD           Long                823          17.3948 USD
ORD        CFD           Short               1,845        17.3282 USD
ORD        CFD           Short               6,000        17.4133 USD
ORD        CFD           Short               480          63.8645 EUR
ORD        CFD           Short               1,602        63.7705 EUR
ORD        SWAP          Short               3,058        63.6555 EUR
ORD        CFD           Short               5,351        63.7036 EUR
ORD        CFD           Short               8,981        64.0454 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:                                   17 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          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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