JPMorgan Securities Plc Form 8.5 (EPT/RI)-Schneider Electric SA (9456X)
January 17 2014 - 6:55AM
UK Regulatory
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 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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