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 SALES AND PURCHASES

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:		05 December 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	Â	Â	Â	Â	Â	Â
				Interests				Short Positions
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		45,107,712		0.55%		48,901,293		0.60%
Â		Â		Â		Â		Â		Â
(2)		Cash-settled derivatives:
				23,624,558		0.29%		22,783,020		0.28%
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:		69,732,270		0.85%		72,684,313		0.89%

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		13,699,118		2.0460 GBP		2.0031 GBP
5p ordinary		Sale		11,454,248		2.0460 GBP		2.0107 GBP
ADR		Purchase		48,045		8.1327 USD		8.065 USD
ADR		Sale		48,045		8.1327 USD		8.065 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		SWAP		Long		178		2.0272 GBP
5p ordinary		CFD		Long		1,462		2.0174 GBP
5p ordinary		CFD		Long		11,308		2.0249 GBP
5p ordinary		CFD		Long		22,258		2.0285 GBP
5p ordinary		CFD		Long		32,579		2.0364 GBP
5p ordinary		CFD		Long		32,705		2.0390 GBP
5p ordinary		CFD		Long		35,000		2.0231 GBP
5p ordinary		CFD		Long		35,000		2.0353 GBP
5p ordinary		CFD		Long		35,000		2.0358 GBP
5p ordinary		CFD		Long		35,000		2.0363 GBP
5p ordinary		CFD		Long		40,500		2.0143 GBP
5p ordinary		CFD		Long		50,000		2.0099 GBP
5p ordinary		CFD		Long		50,000		2.0153 GBP
5p ordinary		CFD		Long		50,000		2.0198 GBP
5p ordinary		CFD		Long		50,000		2.0263 GBP
5p ordinary		CFD		Long		50,000		2.0308 GBP
5p ordinary		CFD		Long		50,000		2.0379 GBP
5p ordinary		CFD		Long		50,000		2.0403 GBP
5p ordinary		CFD		Long		70,664		2.0230 GBP
5p ordinary		SWAP		Long		72,731		2.0100 GBP
5p ordinary		CFD		Long		100,000		2.0442 GBP
5p ordinary		CFD		Long		239,328		2.0261 GBP
5p ordinary		SWAP		Long		254,213		2.0214 GBP
5p ordinary		SWAP		Long		316,755		2.0245 GBP
5p ordinary		SWAP		Long		393,743		2.0287 GBP
5p ordinary		CFD		Long		567,061		2.0182 GBP
5p ordinary		CFD		Long		848,321		2.0264 GBP
5p ordinary		SWAP		Short		82		2.0218 GBP
5p ordinary		SWAP		Short		146		2.0272 GBP
5p ordinary		SWAP		Short		206		2.0249 GBP
5p ordinary		SWAP		Short		1,354		2.0216 GBP
5p ordinary		SWAP		Short		1,410		2.0209 GBP
5p ordinary		SWAP		Short		1,888		2.0219 GBP
5p ordinary		CFD		Short		3,837		2.0202 GBP
5p ordinary		SWAP		Short		3,996		2.0228 GBP
5p ordinary		SWAP		Short		4,991		2.0221 GBP
5p ordinary		SWAP		Short		5,753		2.0303 GBP
5p ordinary		SWAP		Short		10,700		2.0193 GBP
5p ordinary		SWAP		Short		18,146		2.0223 GBP
5p ordinary		SWAP		Short		19,748		2.0321 GBP
5p ordinary		CFD		Short		27,220		2.0322 GBP
5p ordinary		SWAP		Short		28,393		2.0195 GBP
5p ordinary		CFD		Short		32,778		2.0208 GBP
5p ordinary		SWAP		Short		34,019		2.0231 GBP
5p ordinary		SWAP		Short		35,846		2.0158 GBP
5p ordinary		SWAP		Short		41,042		2.0217 GBP
5p ordinary		CFD		Short		45,000		2.0031 GBP
5p ordinary		SWAP		Short		55,438		2.0298 GBP
5p ordinary		CFD		Short		62,140		2.0101 GBP
5p ordinary		SWAP		Short		62,140		2.0101 GBP
5p ordinary		CFD		Short		105,836		2.0187 GBP
5p ordinary		SWAP		Short		148,059		2.0264 GBP
5p ordinary		SWAP		Short		232,574		2.0320 GBP
5p ordinary		SWAP		Short		402,829		2.0281 GBP
5p ordinary		CFD		Short		426,052		2.0184 GBP
5p ordinary		SWAP		Short		426,052		2.0184 GBP
5p ordinary		SWAP		Short		1,378,321		2.0142 GBP
5p ordinary		SWAP		Short		1,524,211		2.0235 GBP
5p ordinary		CFD		Short		1,832,901		2.0241 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:		14 Dec 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.

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.

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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