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)	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:		28 April 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	ORD	Â	Â	Â	Â	Â	Â
				Interests				Short Positions
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		37,131,810		0.45%		40,258,170		0.49%
Â		Â		Â		Â		Â		Â
(2)		Cash-settled derivatives:
				31,166,210		0.38%		19,258,202		0.24%
Â		Â		Â		Â		Â		Â
(3)		Stock-settled derivatives (including options)
		and agreements to purchase/sell:		0		0.00%		0		0.00%
Â		Â		Â		Â		Â		Â
											Â
		TOTAL:		68,298,020		0.84%		59,516,372		0.73%

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 ORD		Purchase		3,405,939		1.8402 GBP		1.8225 GBP
5p ORD		Sale		6,429,678		1.8430 GBP		1.8225 GBP
ADR		Purchase		9,207		7.2051 USD		7.2051 USD
ADR		Sale		9,207		7.2051 USD		7.2051 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 ORD		CFD		Long		1,026		1.8410 GBP
5p ORD		SWAP		Long		2,101		1.8430 GBP
5p ORD		SWAP		Long		3,198		1.8234 GBP
5p ORD		SWAP		Long		5,080		1.8411 GBP
5p ORD		SWAP		Long		7,825		1.8367 GBP
5p ORD		CFD		Long		10,583		1.8235 GBP
5p ORD		SWAP		Long		23,870		1.8335 GBP
5p ORD		CFD		Long		25,707		1.8386 GBP
5p ORD		SWAP		Long		25,857		1.8399 GBP
5p ORD		SWAP		Long		32,199		1.8417 GBP
5p ORD		CFD		Long		33,213		1.8275 GBP
5p ORD		SWAP		Long		34,938		1.8355 GBP
5p ORD		SWAP		Long		42,887		1.8393 GBP
5p ORD		CFD		Long		43,369		1.8376 GBP
5p ORD		SWAP		Long		43,369		1.8376 GBP
5p ORD		SWAP Expires 03/06/2018		Long		45,810		1.8372 GBP
5p ORD		CFD		Long		50,000		1.8338 GBP
5p ORD		CFD		Long		50,000		1.8398 GBP
5p ORD		SWAP		Long		57,803		1.8346 GBP
5p ORD		CFD		Long		60,422		1.8340 GBP
5p ORD		SWAP		Long		65,166		1.8400 GBP
5p ORD		CFD		Long		100,000		1.8361 GBP
5p ORD		CFD		Long		186,796		1.8363 GBP
5p ORD		SWAP		Long		252,822		1.8382 GBP
5p ORD		SWAP		Long		268,934		1.8349 GBP
5p ORD		CFD		Long		292,944		1.8336 GBP
5p ORD		CFD		Long		351,738		1.8357 GBP
5p ORD		CFD		Long		500,897		1.8325 GBP
5p ORD		CFD		Long		900,000		1.8348 GBP
5p ORD		SWAP		Long		1,489,702		1.8360 GBP
5p ORD		SWAP		Short		917		1.8379 GBP
5p ORD		SWAP		Short		1,016		1.8399 GBP
5p ORD		SWAP		Short		3,414		1.8297 GBP
5p ORD		SWAP		Short		4,669		1.8340 GBP
5p ORD		CFD		Short		9,229		1.8301 GBP
5p ORD		CFD		Short		10,000		1.8326 GBP
5p ORD		SWAP		Short		10,149		1.8351 GBP
5p ORD		SWAP		Short		11,155		1.8306 GBP
5p ORD		SWAP		Short		13,048		1.8308 GBP
5p ORD		SWAP		Short		16,054		1.8333 GBP
5p ORD		CFD		Short		40,862		1.8346 GBP
5p ORD		CFD		Short		44,394		1.8242 GBP
5p ORD		SWAP		Short		47,286		1.8374 GBP
5p ORD		SWAP		Short		57,723		1.8317 GBP
5p ORD		SWAP		Short		82,163		1.8335 GBP
5p ORD		SWAP		Short		461,689		1.8324 GBP
5p ORD		SWAP		Short		527,736		1.8325 GBP
5p ORD		SWAP		Short		537,146		1.8336 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	NO
Date of disclosure:		2 May 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 [phone].

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

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