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: 25 August 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: 51,496,456 0.63% 49,358,191 0.60%
           
(2) Cash-settled derivatives:
37,857,804 0.46% 37,589,632 0.46%
           
(3) Stock-settled derivatives (including options)
and agreements to purchase/sell: 1,000,000 0.01% 1,000,000 0.01%
           
(4)
TOTAL: 90,354,260 1.10% 87,947,823 1.07%

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 2,890,406 1.8532 GBP 1.8257 GBP
5p ordinary Sale 8,032,986 1.8532 GBP 1.8257 GBP
ADR Purchase 5,988 7.1796 USD 7.1744 USD
ADR Sale 5,988 7.1796 USD 7.1744 USD

(b) Cash-settled derivative transactions

Class of   Product   Nature of dealing   Number of   Price per
relevant description reference unit
security     securities  
5p ordinary SWAP Long 277 1.8413 GBP
5p ordinary SWAP Long 405 1.8414 GBP
5p ordinary SWAP Long 1,318 1.8420 GBP
5p ordinary SWAP Long 1,718 1.8310 GBP
5p ordinary SWAP Long 1,727 1.8283 GBP
5p ordinary SWAP Long 1,968 1.8287 GBP
5p ordinary SWAP Long 2,067 1.8281 GBP
5p ordinary SWAP Long 2,603 1.8284 GBP
5p ordinary SWAP Long 3,887 1.8528 GBP
5p ordinary SWAP Long 4,021 1.8338 GBP
5p ordinary SWAP Long 4,106 1.8514 GBP
5p ordinary SWAP Long 4,409 1.8386 GBP
5p ordinary SWAP Long 5,234 1.8387 GBP
5p ordinary SWAP Long 7,644 1.8424 GBP
5p ordinary SWAP Long 8,409 1.8422 GBP
5p ordinary SWAP Long 8,778 1.8389 GBP
5p ordinary SWAP Long 17,600 1.8502 GBP
5p ordinary SWAP Long 19,706 1.8412 GBP
5p ordinary SWAP Long 26,554 1.8489 GBP
5p ordinary SWAP Long 37,263 1.8403 GBP
5p ordinary CFD Long 44,348 1.8396 GBP
5p ordinary CFD Long 46,000 1.8398 GBP
5p ordinary CFD Long 79,710 1.8408 GBP
5p ordinary SWAP Long 107,885 1.8415 GBP
5p ordinary CFD Long 168,557 1.8402 GBP
5p ordinary SWAP Long 168,557 1.8402 GBP
5p ordinary CFD Long 174,678 1.8375 GBP
5p ordinary SWAP Long 477,252 1.8351 GBP
5p ordinary CFD Long 481,029 1.8405 GBP
5p ordinary SWAP Long 481,029 1.8405 GBP
5p ordinary CFD Long 2,615,443 1.8419 GBP
5p ordinary SWAP Long 2,615,443 1.8419 GBP
5p ordinary CFD Long 2,814,190 1.8397 GBP
5p ordinary CFD Short 1,470 1.8376 GBP
5p ordinary CFD Short 1,604 1.8381 GBP
5p ordinary CFD Short 2,946 1.8430 GBP
5p ordinary CFD Short 21,297 1.8310 GBP
5p ordinary CFD Short 51,192 1.8427 GBP
5p ordinary SWAP Short 74,932 1.8411 GBP
5p ordinary CFD Short 82,678 1.8421 GBP
5p ordinary CFD Short 83,871 1.8486 GBP
5p ordinary SWAP Short 92,978 1.8412 GBP
5p ordinary SWAP Short 151,356 1.8415 GBP
5p ordinary CFD Short 200,034 1.8423 GBP
5p ordinary CFD Short 214,799 1.8417 GBP
5p ordinary SWAP Short 243,204 1.8420 GBP
5p ordinary SWAP Short 598,549 1.8403 GBP

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

Class   Product   Writing,   Number   Exercise   Type   Expiry   Option
of description purchasing, of price date money
relevant selling, securities per unit paid/
security varying etc to which received
option per unit
      relates        
5p ordinary Call Options Purchasing 1,000,000 185 GBP American 15 Dec 2017 10.0000 GBP
5p ordinary Put Options Purchasing 1,000,000 185 GBP American 15 Dec 2017 8.2500 GBP

(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: 29 Aug 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.

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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