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:		01 November 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	5p ordinary
				Interests			Â	Short Positions
Â		Â		Number	Â	(%)		Number	Â	(%)
(1)		Relevant securities owned
		and/or controlled:		36,693,217		0.45%		38,133,889		0.47%
Â		Â		Â		Â		Â		Â
(2)		Cash-settled derivatives:
				22,365,316		0.27%		19,595,694		0.24%
Â		Â		Â		Â		Â		Â
(3)		Stock-settled derivatives (including options)
		and agreements to purchase/sell:		1,000,000		0.01%		1,000,000		0.01%
Â		Â		Â		Â		Â		Â
(4)
		TOTAL:		60,058,533		0.73%		58,729,583		0.72%

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 ordinary		Purchase		3,911,855		1.8100 GBP		1.774 GBP
5p ordinary		Sale		3,266,985		1.8100 GBP		1.774 GBP
ADR		Purchase		35,599		7.1546 USD		7.1380 USD
ADR		Sale		35,599		7.1546 USD		7.1380 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 ordinary		CFD		Long		412		1.7864 GBP
5p ordinary		SWAP		Long		481		1.7843 GBP
5p ordinary		SWAP		Long		1,230		1.7970 GBP
5p ordinary		SWAP		Long		2,459		1.7964 GBP
5p ordinary		CFD		Long		3,585		1.7837 GBP
5p ordinary		CFD		Long		4,241		1.7827 GBP
5p ordinary		SWAP		Long		5,910		1.7911 GBP
5p ordinary		SWAP		Long		5,988		1.7916 GBP
5p ordinary		SWAP		Long		6,241		1.7856 GBP
5p ordinary		SWAP		Long		6,521		1.7988 GBP
5p ordinary		CFD		Long		7,391		1.7844 GBP
5p ordinary		CFD		Long		8,150		1.7942 GBP
5p ordinary		CFD		Long		9,889		1.7930 GBP
5p ordinary		SWAP		Long		13,852		1.7892 GBP
5p ordinary		SWAP		Long		14,155		1.7909 GBP
5p ordinary		SWAP		Long		21,505		1.7991 GBP
5p ordinary		SWAP		Long		25,500		1.7890 GBP
5p ordinary		CFD		Long		32,171		1.7808 GBP
5p ordinary		CFD		Long		33,076		1.7900 GBP
5p ordinary		CFD		Long		77,175		1.7833 GBP
5p ordinary		SWAP		Long		96,181		1.8035 GBP
5p ordinary		CFD		Long		122,479		1.7858 GBP
5p ordinary		CFD		Long		124,832		1.7781 GBP
5p ordinary		CFD		Long		159,374		1.7893 GBP
5p ordinary		SWAP		Long		159,374		1.7893 GBP
5p ordinary		SWAP		Long		218,042		1.7872 GBP
5p ordinary		SWAP		Long		275,458		1.7852 GBP
5p ordinary		SWAP		Long		376,944		1.7850 GBP
5p ordinary		SWAP		Long		427,675		1.7845 GBP
5p ordinary		CFD		Short		464		1.7956 GBP
5p ordinary		CFD		Short		632		1.7825 GBP
5p ordinary		CFD		Short		642		1.8057 GBP
5p ordinary		CFD		Short		1,344		1.7816 GBP
5p ordinary		CFD		Short		1,409		1.7861 GBP
5p ordinary		CFD		Short		1,487		1.7811 GBP
5p ordinary		CFD		Short		2,409		1.7821 GBP
5p ordinary		CFD		Short		4,465		1.7991 GBP
5p ordinary		SWAP		Short		11,463		1.7988 GBP
5p ordinary		SWAP		Short		15,487		1.7819 GBP
5p ordinary		CFD		Short		33,666		1.7954 GBP
5p ordinary		SWAP		Short		46,296		1.7980 GBP
5p ordinary		CFD		Short		78,231		1.8025 GBP
5p ordinary		SWAP		Short		96,181		1.8035 GBP
5p ordinary		CFD		Short		133,835		1.7948 GBP
5p ordinary		CFD		Short		262,235		1.7924 GBP
5p ordinary		SWAP		Short		316,755		1.7939 GBP
5p ordinary		SWAP		Short		340,090		1.7833 GBP
5p ordinary		CFD		Short		410,695		1.7876 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	YES
Date of disclosure:		2 Nov 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 [phone].

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

2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)

Class

Â

Product

Â

Writing,

Â

Number

Â

Exercise

Â

Type

Â

Expiry

of

description

purchasing,

of

price

date

relevant

selling,

securities

per unit

security

varying etc

to which

option

Â

Â

Â

relates

Â

Â

Â

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 [phone].

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

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