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

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

BARCLAYS PLC

FORM 8.5 (EPT/NON-RI)

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 whose TESCO PLC
  relevant securities this form relates:  
(c) Name of the party to the offer with which exempt TESCO PLC
  principal trader is connected  
(d) Date position held/dealing undertaken: 04 October 2017
(e) In addition to the company in 1(b) above, is the exempt principal YES:
  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:   5p ordinary
  Interests   Short Positions
    Number   (%) Number   (%)
(1) Relevant securities owned
and/or controlled: 52,549,567 0.64% 40,812,725 0.50%
           
(2) Cash-settled derivatives:
23,618,097 0.29% 31,626,770 0.39%
           
(3) Stock-settled derivatives (including options)
and agreements to purchase/sell: 1,000,000 0.01% 1,000,000 0.01%
           
 
TOTAL: 77,167,664 0.94% 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:  
Details, including nature of the rights concerned and relevant percentages:  

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   Purchase/sale   Total number of   Highest price per unit   Lowest price per unit
security   securities paid/received paid/received
5p ordinary Purchase 11,711,412 1.9354 GBP 1.8235 GBP
5p ordinary Sale 17,505,694 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   Product   Nature of dealing   Number of   Price per
relevant description reference unit
security     securities  
5p ordinary CFD Long 6,867 1.8903 GBP
5p ordinary CFD Long 7,994 1.8380 GBP
5p ordinary SWAP Expires 06/10/2018 Long 9,234 1.9319 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 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 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   Product description e.g. call option   Writing, purchasing, selling, varying etc.   Number of securities to which option relates   Exercise price per unit   Type

e.g. American, European etc.

  Expiry date   Option money paid/ received per unit

(ii) Exercise

Class of relevant security   Product description

e.g. call option

  Exercising/ exercised against   Number of securities   Exercise price per unit

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

Class of relevant security   Nature of dealing

e.g. subscription, conversion

  Details   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?   YES
Date of disclosure: 5 Oct 2017
Contact name: Femi Badmos
Telephone number: 020 3555 1125

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 +44 (0)20 7638 0129.

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   BARCLAYS CAPITAL SECURITIES LTD
are being disclosed:  
Name of offeror/offeree in relation to whose TESCO PLC
relevant securities this from relates:  

2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)

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      
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 +44 (0)20 7638 0129.

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

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