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:		22 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:		42,633,030		0.52%		44,925,145		0.55%
Â		Â		Â		Â		Â		Â
(2)		Cash-settled derivatives:
				26,751,968		0.33%		24,074,618		0.29%
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:		70,384,998		0.86%		69,999,763		0.85%

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		2,904,412		1.9520 GBP		1.8855 GBP
5p ordinary		Sale		7,482,804		1.9520 GBP		1.8865 GBP
ADR		Purchase		44,091		7.7018 USD		7.6875 USD
ADR		Sale		44,091		7.7018 USD		7.6875 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		SWAP		Long		1,356		1.9180 GBP
5p ordinary		SWAP		Long		2,931		1.9199 GBP
5p ordinary		SWAP		Long		4,453		1.9371 GBP
5p ordinary		SWAP		Long		6,795		1.9147 GBP
5p ordinary		SWAP		Long		11,122		1.9242 GBP
5p ordinary		SWAP		Long		11,758		1.9395 GBP
5p ordinary		SWAP		Long		15,812		1.9290 GBP
5p ordinary		SWAP		Long		19,197		1.9328 GBP
5p ordinary		SWAP		Long		24,229		1.9302 GBP
5p ordinary		SWAP		Long		28,424		1.9434 GBP
5p ordinary		CFD		Long		35,803		1.9380 GBP
5p ordinary		SWAP		Long		37,924		1.9301 GBP
5p ordinary		SWAP		Long		37,995		1.9326 GBP
5p ordinary		SWAP		Long		39,378		1.9432 GBP
5p ordinary		CFD		Long		39,559		1.9254 GBP
5p ordinary		SWAP		Long		40,481		1.9400 GBP
5p ordinary		SWAP		Long		41,158		1.9204 GBP
5p ordinary		CFD		Long		54,942		1.9438 GBP
5p ordinary		SWAP		Long		60,523		1.8867 GBP
5p ordinary		SWAP		Long		62,272		1.9367 GBP
5p ordinary		CFD		Long		97,088		1.9439 GBP
5p ordinary		SWAP		Long		132,894		1.9440 GBP
5p ordinary		CFD		Long		198,467		1.9419 GBP
5p ordinary		SWAP		Long		308,297		1.9257 GBP
5p ordinary		CFD		Long		332,684		1.9202 GBP
5p ordinary		SWAP		Long		340,435		1.9430 GBP
5p ordinary		CFD		Long		350,242		1.9341 GBP
5p ordinary		SWAP		Long		350,242		1.9341 GBP
5p ordinary		CFD		Long		379,411		1.9282 GBP
5p ordinary		SWAP		Long		511,429		1.9362 GBP
5p ordinary		CFD		Long		535,079		1.9378 GBP
5p ordinary		SWAP		Long		535,079		1.9378 GBP
5p ordinary		SWAP		Long		1,117,795		1.9264 GBP
5p ordinary		CFD		Short		10		1.9420 GBP
5p ordinary		CFD		Short		100		1.9357 GBP
5p ordinary		SWAP		Short		100		1.9442 GBP
5p ordinary		CFD		Short		263		1.9423 GBP
5p ordinary		CFD		Short		275		1.9445 GBP
5p ordinary		CFD		Short		353		1.9425 GBP
5p ordinary		CFD		Short		805		1.9255 GBP
5p ordinary		CFD		Short		4,847		1.9438 GBP
5p ordinary		CFD		Short		4,917		1.9183 GBP
5p ordinary		CFD		Short		5,405		1.9227 GBP
5p ordinary		SWAP		Short		6,190		1.8855 GBP
5p ordinary		CFD		Short		9,713		1.9231 GBP
5p ordinary		CFD		Short		11,745		1.8941 GBP
5p ordinary		SWAP		Short		18,300		1.9339 GBP
5p ordinary		SWAP		Short		19,302		1.9451 GBP
5p ordinary		CFD		Short		23,845		1.9157 GBP
5p ordinary		SWAP		Short		69,639		1.9128 GBP
5p ordinary		CFD		Short		102,606		1.9417 GBP
5p ordinary		SWAP Expires 24/11/2018		Short		130,933		1.9426 GBP
5p ordinary		SWAP		Short		382,669		1.9402 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:		23 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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