JPMorgan Securities Plc Form 8.5 (EPT/RI)-Schneider Electric SA (9456X)

TIDMISYS

RNS Number : 9456X

JPMorgan Securities Plc

17 January 2014

FORM 8.5 (EPT/RI)

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

Rule 8.5 of the Takeover Code (the "Code")

   1.         KEY INFORMATION 
 
 (a) Name of exempt principal trader:                                                       J.P. Morgan Securities plc 
    (b) Name of offeror/offeree in relation to whose relevant securities this form          Schneider Electric SA 
    relates: 
    Use a separate form for each offeror/offeree 
                                                                                           --------------------------- 
 (c) Name of the party to the offer with which exempt principal trader is connected:        Invensys Plc 
                                                                                           --------------------------- 
 (d) Date dealing undertaken:                                                               16 January 2014 
                                                                                           --------------------------- 
 (e) Has the EPT previously disclosed, or is it today disclosing, under the Code in         Yes 
 respect 
 of any other party to this offer?                                                           Invensys Plc 
                                                                                           --------------------------- 
 
   2.         DEALINGS BY THE EXEMPT PRINCIPAL TRADER 
   (a)        Purchases and sales 
 
   Class of relevant      Purchases/ sales       Total number of       Highest price per unit   Lowest price per unit 
        security                                   securities              paid/received            paid/received 
    Ordinary Shares          Purchases               191,032                65.1400 EUR              64.2800 EUR 
 
                                Sales                390,008                 65.1300 EUR              64.0600 EUR 
                         -----------------  ------------------------  -----------------------  ----------------------- 
 
   (b)        Derivatives transactions (other than options) 
 
    Class of relevant        Product description       Nature of dealing        Number of reference     Price per unit 
        security                   e.g. CFD          e.g. opening/closing a         securities               (EUR) 
                                                      long/short position, 
                                                     increasing/reducing a 
                                                      long/short position 
     Ordinary Share              Equity Swap                  Long                    52,128               64.1936 
                                                                                         47                 64.4836 
                                                                                        148                 64.5135 
                                                                                        226                 64.6866 
                                                                                         24                 64.6960 
                                                                                       1,597                64.7491 
                                                                                       1,592                64.7590 
                                                                                       3,085                64.7592 
                                                                                       11,447               64.7979 
                                                                                        393                 64.8037 
                                                                                        500                 64.8040 
                                                                                        149                 64.8235 
                                                                                       9,952                64.8400 
                                                                                        169                 64.8835 
                                                                                        291                 64.8994 
                                                                                        485                 64.9250 
                                                                                        338                 64.9535 
                                                                                        312                 64.9635 
                                                                                       16,652               64.9702 
                                                                                       1,074                64.9805 
                                                                                       5,623                64.9910 
                                                                                       9,484                65.0211 
                                                                                         21                 65.0735 
 
                                                              Short                     289                 64.4766 
                                                                                       11,235               64.7968 
                                                                                         32                 64.8315 
                                                                                       8,767                64.8400 
                                                                                       5,678                64.8444 
                                                                                        340                 64.8501 
                                                                                        460                 64.8614 
                                                                                       1,020                64.8623 
                                                                                        944                 64.8739 
                                                                                        165                 64.8765 
                                                                                        850                 64.8820 
                                                                                        850                 64.8830 
                                                                                        431                 64.8908 
                                                                                        165                 64.8925 
                                                                                        509                 64.8998 
                                                                                       20,168               64.9387 
                                                                                        500                 64.9656 
 
                             3-year Share Linked              Short                   6,153.85              65.0000 
                                Certificate* 
                          ------------------------  -----------------------  ------------------------  --------------- 
 

*This is a structured product with an equity component. In respect of the equity component, in effect JPM has purchased a cash-settled put which knocks in if Schneider is trading below the barrier price of 42.25 EUR at the final validation date of 16 January 2017. The client receives a quarterly coupon up to redemption date. Early redemption occurs if Schneider trades at or above the reference price of 65.00 EUR on a validation date.

   (c)        Options transactions in respect of existing securities 
   (i)         Writing, selling, purchasing or varying 
 
   Class of       Product        Writing,      Number of       Exercise          Type       Expiry date   Option money 
   relevant     description    purchasing,     securities      price per         e.g.                        paid/ 
   security      e.g. call       selling,       to which         unit         American,                   received per 
                   option      varying etc.      option          (EUR)         European                       unit 
                                                relates                          etc.                        (EUR) 
 
 
   (ii)        Exercising 
 
 Class of relevant security    Product description    Number of securities   Exercise price per unit 
                                 e.g. call option                                     (EUR) 
       Ordinary Shares             Call Option               1,140                    46.00 
                              ---------------------  ---------------------  ------------------------ 
 
   (d)        Other dealings (including subscribing for new securities) 
 
 Class of relevant security         Nature of dealing          Details   Price per unit (if applicable) 
                               e.g. subscription, 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 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

   3.         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" 
 
 
   (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" 
 
 
 
 Date of disclosure:    17 January 2014 
 Contact name:          Tung Thanh Le 
                       ---------------- 
 Telephone number:      020 7742 7272 
                       ---------------- 
 

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 [e-mail]. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on [phone].

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

This information is provided by RNS

The company news service from the London Stock Exchange

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