Form 8.5 (EPT/NON-RI) - TESCO PLC - AMENDMENT

Form 8.5 (EPT/NON-RI) - TESCO PLC - AMENDMENT

BARCLAYS PLC

FORM 8.5 (EPT/NON-RI)

AMENDMENT TO PURCHASES AND SALES

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)	Â	Name of exempt principal trader:	Â	BARCLAYS CAPITAL SECURITIES LTD
(b)		Name of offeror/offeree in relation to whose		TESCO PLC
Â		relevant securities this form relates:		Â
(c)		Name of the party to the offer with which exempt		TESCO PLC
Â		principal trader is connected		Â
(d)		Date position held/dealing undertaken:		04 October 2017
(e)		In addition to the company in 1(b) above, is the exempt principal		YES:
Â		trader making disclosures in respect of any other party to the offer?		BOOKER GROUP PLC

2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER

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.

(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 security:	Â	Â	Â	5p ordinary
				Interests			Â	Short Positions
Â		Â		Number	Â	(%)		Number	Â	(%)
(1)		Relevant securities owned
		and/or controlled:		49,358,853		0.60%		40,812,725		0.50%
Â		Â		Â		Â		Â		Â
(2)		Cash-settled derivatives:
				23,618,097		0.29%		31,626,770		0.39%
Â		Â		Â		Â		Â		Â
(3)		Stock-settled derivatives (including options)
		and agreements to purchase/sell:		1,000,000		0.01%		1,000,000		0.01%
Â		Â		Â		Â		Â		Â
(4)
		TOTAL:		73,976,950		0.90%		73,439,495		0.90%

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), 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 employee options)

Class of relevant security in relation to which subscription right exists:	Â
Details, including nature of the rights concerned and relevant percentages:	Â

3. DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

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.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

Class of relevant	Â	Purchase/sale	Â	Total number of	Â	Highest price per unit	Â	Lowest price per unit
security		Â		securities		paid/received		paid/received
5p ordinary		Purchase		14,700,026		1.9354 GBP		1.8235 GBP
5p ordinary		Sale		23,849,722		1.9350 GBP		1.8235 GBP
ADR		Purchase		36,075		7.3944 USD		7.3820 USD
ADR		Sale		36,075		7.3944 USD		7.3820 USD

(b) Cash-settled derivative transactions

Class of	Â	Product	Â	Nature of dealing	Â	Number of	Â	Price per
relevant		description				reference		unit
security		Â		Â		securities		Â
5p ordinary		CFD		Long		6,867		1.8903 GBP
5p ordinary		CFD		Long		7,994		1.8380 GBP
5p ordinary		CFD		Long		10,214		1.9255 GBP
5p ordinary		CFD		Long		12,034		1.8567 GBP
5p ordinary		CFD		Long		16,361		1.8565 GBP
5p ordinary		CFD		Long		48,950		1.8438 GBP
5p ordinary		SWAP		Long		50,672		1.8457 GBP
5p ordinary		CFD		Long		58,939		1.8480 GBP
5p ordinary		CFD		Long		64,821		1.8751 GBP
5p ordinary		SWAP		Long		87,917		1.8764 GBP
5p ordinary		SWAP Expires 06/10/2018		Long		102,344		1.9319 GBP
5p ordinary		SWAP		Long		125,950		1.8875 GBP
5p ordinary		CFD		Long		132,727		1.9292 GBP
5p ordinary		CFD		Long		200,142		1.8584 GBP
5p ordinary		SWAP Expires 06/10/2018		Long		216,366		1.8405 GBP
5p ordinary		SWAP		Long		354,669		1.8522 GBP
5p ordinary		CFD		Long		385,724		1.8392 GBP
5p ordinary		CFD		Long		507,865		1.8521 GBP
5p ordinary		SWAP		Long		507,865		1.8521 GBP
5p ordinary		CFD		Long		565,576		1.8778 GBP
5p ordinary		CFD		Long		725,957		1.8488 GBP
5p ordinary		CFD		Long		734,074		1.9236 GBP
5p ordinary		CFD		Long		740,890		1.8538 GBP
5p ordinary		CFD		Long		847,439		1.8535 GBP
5p ordinary		CFD		Long		996,502		1.8489 GBP
5p ordinary		CFD		Long		1,000,000		1.9160 GBP
5p ordinary		SWAP Expires 06/10/2018		Long		1,069,530		1.9263 GBP
5p ordinary		CFD		Long		1,611,605		1.8562 GBP
5p ordinary		CFD		Long		1,765,926		1.9367 GBP
5p ordinary		CFD		Long		1,807,012		1.8315 GBP
5p ordinary		SWAP		Long		1,842,852		1.8709 GBP
5p ordinary		CFD		Long		2,938,517		1.8518 GBP
5p ordinary		SWAP		Short		1,400		1.9000 GBP
5p ordinary		SWAP		Short		2,030		1.9297 GBP
5p ordinary		SWAP		Short		2,034		1.9044 GBP
5p ordinary		SWAP		Short		2,776		1.9256 GBP
5p ordinary		SWAP		Short		3,289		1.9354 GBP
5p ordinary		SWAP		Short		3,969		1.9164 GBP
5p ordinary		SWAP		Short		7,327		1.9204 GBP
5p ordinary		SWAP		Short		7,700		1.9247 GBP
5p ordinary		SWAP		Short		8,944		1.9081 GBP
5p ordinary		SWAP		Short		12,739		1.9323 GBP
5p ordinary		SWAP		Short		12,971		1.9261 GBP
5p ordinary		SWAP		Short		13,403		1.9321 GBP
5p ordinary		SWAP		Short		16,085		1.9007 GBP
5p ordinary		SWAP		Short		16,831		1.9239 GBP
5p ordinary		SWAP		Short		38,928		1.9303 GBP
5p ordinary		SWAP		Short		46,666		1.9238 GBP
5p ordinary		SWAP		Short		50,653		1.8379 GBP
5p ordinary		SWAP		Short		53,467		1.9289 GBP
5p ordinary		SWAP		Short		58,203		1.9288 GBP
5p ordinary		CFD		Short		65,902		1.8639 GBP
5p ordinary		CFD		Short		76,035		1.8334 GBP
5p ordinary		SWAP		Short		80,275		1.9302 GBP
5p ordinary		CFD		Short		81,025		1.8381 GBP
5p ordinary		SWAP		Short		95,957		1.9295 GBP
5p ordinary		SWAP		Short		112,100		1.8399 GBP
5p ordinary		CFD		Short		150,000		1.8335 GBP
5p ordinary		CFD		Short		150,000		1.8434 GBP
5p ordinary		CFD		Short		159,792		1.8714 GBP
5p ordinary		SWAP		Short		200,989		1.8661 GBP
5p ordinary		CFD		Short		206,100		1.8396 GBP
5p ordinary		SWAP		Short		206,100		1.8396 GBP
5p ordinary		SWAP		Short		219,863		1.8652 GBP
5p ordinary		SWAP		Short		262,112		1.8687 GBP
5p ordinary		CFD		Short		273,761		1.8635 GBP
5p ordinary		CFD		Short		380,000		1.9008 GBP
5p ordinary		CFD		Short		400,000		1.8416 GBP
5p ordinary		SWAP		Short		401,160		1.9304 GBP
5p ordinary		CFD		Short		414,258		1.8471 GBP
5p ordinary		SWAP		Short		459,801		1.9309 GBP
5p ordinary		SWAP		Short		513,227		1.9224 GBP
5p ordinary		CFD		Short		663,375		1.8731 GBP
5p ordinary		SWAP		Short		1,070,658		1.9019 GBP
5p ordinary		CFD		Short		2,876,514		1.8395 GBP

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

Class of relevant security

Â

Product description e.g. call option

Â

Writing, purchasing, selling, varying etc.

Â

Number of securities to which option relates

Â

Exercise price per unit

Â

Type e.g. American, European etc.

Â

Expiry date

Â

Option money paid/ received per unit

(ii) Exercise

Class of relevant security

Â

Product description e.g. call option

Â

Exercising/ exercised against

Â

Number of securities

Â

Exercise price per unit

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

Class of relevant security

Â

Nature of dealing e.g. subscription, conversion

Â

Details

Â

Price per unit (if applicable)

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: Irrevocable commitments and letters of intent should not be included. 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?	Â	YES
Date of disclosure:		11 Oct 2017
Contact name:		Jay Supaya
Telephone number:		020 7773 0635

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on [phone].

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

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) 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	Â	BARCLAYS CAPITAL SECURITIES LTD
are being disclosed:		Â
Name of offeror/offeree in relation to whose		TESCO PLC
relevant securities this from relates:		Â

2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)

Class

Â

Product

Â

Writing,

Â

Number

Â

Exercise

Â

Type

Â

Expiry

of

description

purchasing,

of

price

date

relevant

selling,

securities

per unit

security

varying etc

to which

option

Â

Â

Â

relates

Â

Â

Â

5p ordinary

Call Options

Purchased

1,000,000

185.0000

American

15 Dec 2017

5p ordinary

Put Options

Purchased

-1,000,000

185.0000

American

15 Dec 2017

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 cash-settled derivatives.

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 disclosure requirements on [phone].

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

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