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: 02 February 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:       ORD            
Interests Short Positions
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 36,375,738 0.44% 28,233,810 0.35%
           
(2) Cash-settled derivatives:
9,725,862 0.12% 17,330,934 0.21%
           
(3) Stock-settled derivatives (including options)
and agreements to purchase/sell: 0 0.00% 0 0.00%
           
 
TOTAL: 46,101,600 0.56% 45,564,744 0.56%

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 ORD Purchase 2,132,711 1.9810 GBP 1.9225 GBP
5p ORD Sale 10,934,182 1.9810 GBP 1.9225 GBP
ADR Purchase 2,155 7.3935 USD 7.3935 USD
ADR Sale 2,155 7.3935 USD 7.3935 USD

(b) Cash-settled derivative transactions

Class of   Product   Nature of dealing   Number of   Price per
relevant description reference unit
security     securities  
5p ORD CFD Long 100 1.9798 GBP
5p ORD CFD Long 1,965 1.9700 GBP
5p ORD SWAP Long 3,880 1.9593 GBP
5p ORD SWAP Long 6,000 1.9770 GBP
5p ORD CFD Long 6,866 1.9693 GBP
5p ORD SWAP Long 10,396 1.9502 GBP
5p ORD SWAP Long 12,748 1.9712 GBP
5p ORD SWAP Long 13,622 1.9705 GBP
5p ORD CFD Long 29,325 1.9644 GBP
5p ORD SWAP Long 31,771 1.9634 GBP
5p ORD CFD Long 38,000 1.9237 GBP
5p ORD CFD Long 52,386 1.9683 GBP
5p ORD SWAP Long 79,068 1.9533 GBP
5p ORD SWAP Long 152,663 1.9408 GBP
5p ORD CFD Long 173,909 1.9475 GBP
5p ORD CFD Long 208,966 1.9691 GBP
5p ORD CFD Long 526,551 1.9537 GBP
5p ORD SWAP Short 10 1.9624 GBP
5p ORD SWAP Short 900 1.9675 GBP
5p ORD SWAP Short 1,800 1.9681 GBP
5p ORD SWAP Short 2,024 1.9611 GBP
5p ORD SWAP Short 4,631 1.9597 GBP
5p ORD SWAP Short 5,191 1.9573 GBP
5p ORD SWAP Short 6,590 1.9431 GBP
5p ORD CFD Short 9,296 1.9188 GBP
5p ORD SWAP Short 9,296 1.9662 GBP
5p ORD SWAP Short 10,448 1.9535 GBP
5p ORD SWAP Short 10,741 1.9562 GBP
5p ORD CFD Short 15,556 1.9330 GBP
5p ORD SWAP Short 21,633 1.9421 GBP
5p ORD SWAP Short 31,698 1.9632 GBP
5p ORD SWAP Short 36,211 1.9664 GBP
5p ORD CFD Short 39,306 1.9492 GBP
5p ORD CFD Short 47,267 1.9686 GBP
5p ORD SWAP Short 55,192 1.9494 GBP
5p ORD CFD Short 78,616 1.9486 GBP
5p ORD SWAP Short 456,746 1.9685 GBP
5p ORD SWAP Short 481,799 1.9385 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: 3 Feb 2017
Contact name: Hemika Mistry
Telephone number: 020 7116 3891

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
of description purchasing, of price
relevant selling, securities per unit
security varying etc to which
option
      relates  
ORD Call Options Purchased 1,943,618 2.4248

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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