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:		14 September 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	Â	Â	Â	Â	Â	Â
				Interests		Â		Short Positions		Â
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		63,696,311		0.78%		49,997,093		0.61%
Â		Â		Â		Â		Â		Â
(2)		Cash-settled derivatives:
				36,351,412		0.44%		47,503,984		0.58%
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
											Â
		TOTAL:		101,047,723		1.23%		98,501,077		1.20%

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		10,310,505		1.8497 GBP		1.82 GBP
5p ordinary		Sale		4,167,817		1.8497 GBP		1.8178 GBP
ADR		Purchase		121,525		7.3500 USD		7.35 USD
ADR		Sale		121,525		7.3500 USD		7.35 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		701		1.8258 GBP
5p ordinary		CFD		Long		4,306		1.8278 GBP
5p ordinary		SWAP		Long		5,800		1.8442 GBP
5p ordinary		SWAP		Long		13,223		1.8441 GBP
5p ordinary		CFD		Long		14,154		1.8285 GBP
5p ordinary		CFD		Long		15,358		1.8323 GBP
5p ordinary		SWAP		Long		30,581		1.8260 GBP
5p ordinary		SWAP		Long		36,600		1.8322 GBP
5p ordinary		SWAP		Long		48,014		1.8236 GBP
5p ordinary		CFD		Long		58,214		1.8336 GBP
5p ordinary		CFD		Long		64,440		1.8399 GBP
5p ordinary		CFD		Long		75,018		1.8325 GBP
5p ordinary		SWAP		Long		75,018		1.8325 GBP
5p ordinary		SWAP		Long		118,483		1.8233 GBP
5p ordinary		CFD		Long		171,158		1.8303 GBP
5p ordinary		CFD		Long		250,000		1.8311 GBP
5p ordinary		CFD		Long		294,081		1.8459 GBP
5p ordinary		SWAP		Long		534,404		1.8329 GBP
5p ordinary		SWAP		Long		1,553,438		1.8313 GBP
5p ordinary		SWAP		Short		54		1.8236 GBP
5p ordinary		SWAP		Short		54		1.8266 GBP
5p ordinary		SWAP		Short		346		1.8248 GBP
5p ordinary		SWAP		Short		767		1.8276 GBP
5p ordinary		SWAP		Short		785		1.8299 GBP
5p ordinary		SWAP		Short		809		1.8309 GBP
5p ordinary		SWAP		Short		945		1.8341 GBP
5p ordinary		SWAP		Short		1,000		1.8265 GBP
5p ordinary		SWAP		Short		1,116		1.8274 GBP
5p ordinary		SWAP		Short		1,450		1.8220 GBP
5p ordinary		SWAP		Short		1,983		1.8302 GBP
5p ordinary		SWAP		Short		2,336		1.8283 GBP
5p ordinary		CFD		Short		6,794		1.8257 GBP
5p ordinary		SWAP		Short		7,510		1.8281 GBP
5p ordinary		SWAP		Short		7,551		1.8337 GBP
5p ordinary		SWAP		Short		9,061		1.8294 GBP
5p ordinary		SWAP		Short		10,525		1.8298 GBP
5p ordinary		SWAP		Short		15,149		1.8285 GBP
5p ordinary		SWAP		Short		15,512		1.8295 GBP
5p ordinary		SWAP		Short		25,105		1.8384 GBP
5p ordinary		SWAP		Short		29,767		1.8325 GBP
5p ordinary		CFD		Short		32,797		1.8207 GBP
5p ordinary		CFD		Short		36,816		1.8263 GBP
5p ordinary		CFD		Short		43,697		1.8349 GBP
5p ordinary		CFD		Short		61,494		1.8213 GBP
5p ordinary		SWAP		Short		68,025		1.8289 GBP
5p ordinary		SWAP		Short		71,240		1.8268 GBP
5p ordinary		CFD		Short		80,964		1.8247 GBP
5p ordinary		CFD		Short		114,026		1.8308 GBP
5p ordinary		CFD		Short		200,000		1.8291 GBP
5p ordinary		SWAP		Short		221,993		1.8264 GBP
5p ordinary		SWAP		Short		316,673		1.8245 GBP
5p ordinary		CFD		Short		342,141		1.8269 GBP
5p ordinary		SWAP		Short		342,141		1.8269 GBP
5p ordinary		CFD		Short		554,777		1.8292 GBP
5p ordinary		SWAP		Short		554,777		1.8292 GBP
5p ordinary		SWAP		Short		785,289		1.8304 GBP
5p ordinary		CFD		Short		1,032,996		1.8297 GBP
5p ordinary		CFD		Short		1,500,000		1.8326 GBP
5p ordinary		CFD		Short		4,000,000		1.8286 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:		15 Sep 2017
Contact name:		Femi Badmos
Telephone number:		020 3555 1125

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.

143221.01

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
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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