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: 08 January 2018
(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: 43,080,698 0.53% 47,718,151 0.58%
           
(2) Cash-settled derivatives:
19,614,904 0.24% 19,405,088 0.24%
           
(3) Stock-settled derivatives (including options)
and agreements to purchase/sell: 0 0.00% 0 0.00%
           
 
TOTAL: 62,695,602 0.77% 67,123,239 0.82%

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 7,031,746 2.1457 GBP 2.105 GBP
5p ordinary Sale 8,271,739 2.1437 GBP 2.1035 GBP
ADR Purchase 134,323 8.6813 USD 8.6287 USD
ADR Sale 134,323 8.6813 USD 8.6287 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 641 2.1436 GBP
5p ordinary CFD Long 10,759 2.1371 GBP
5p ordinary CFD Long 18,866 2.1426 GBP
5p ordinary SWAP Long 39,196 2.1400 GBP
5p ordinary CFD Long 42,819 2.1431 GBP
5p ordinary CFD Long 55,490 2.1219 GBP
5p ordinary SWAP Long 58,506 2.1399 GBP
5p ordinary CFD Long 154,408 2.1417 GBP
5p ordinary SWAP Long 286,008 2.1075 GBP
5p ordinary SWAP Long 340,267 2.1137 GBP
5p ordinary CFD Long 390,360 2.1314 GBP
5p ordinary SWAP Long 577,302 2.1420 GBP
5p ordinary CFD Short 116 2.1401 GBP
5p ordinary SWAP Short 1,129 2.1457 GBP
5p ordinary SWAP Short 1,731 2.1268 GBP
5p ordinary CFD Short 2,729 2.1454 GBP
5p ordinary CFD Short 3,245 2.1400 GBP
5p ordinary SWAP Short 4,553 2.1319 GBP
5p ordinary SWAP Short 4,966 2.1150 GBP
5p ordinary CFD Short 5,342 2.1012 GBP
5p ordinary CFD Short 10,000 2.1431 GBP
5p ordinary CFD Short 12,000 2.1425 GBP
5p ordinary CFD Short 13,746 2.1189 GBP
5p ordinary SWAP Short 14,800 2.1228 GBP
5p ordinary SWAP Short 16,193 2.1191 GBP
5p ordinary SWAP Short 20,614 2.1327 GBP
5p ordinary SWAP Short 30,968 2.1291 GBP
5p ordinary CFD Short 37,112 2.1050 GBP
5p ordinary CFD Short 52,314 2.1175 GBP
5p ordinary SWAP Short 55,183 2.1271 GBP
5p ordinary SWAP Short 55,888 2.1324 GBP
5p ordinary SWAP Short 65,698 2.1151 GBP
5p ordinary SWAP Short 74,835 2.1330 GBP
5p ordinary SWAP Short 200,669 2.1386 GBP
5p ordinary CFD Short 290,624 2.1308 GBP
5p ordinary SWAP Short 343,132 2.1430 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?   NO
Date of disclosure: 9 Jan 2018
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 +44 (0)20 7638 0129.

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

Companies

Tesco (TSCO)
UK 100

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