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: 18 September 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: 64,406,627 0.79% 50,518,337 0.62%
           
(2) Cash-settled derivatives:
36,164,347 0.44% 47,197,836 0.58%
           
(3) Stock-settled derivatives (including options)
and agreements to purchase/sell: 1,000,000 0.01% 1,000,000 0.01%
           
 
TOTAL: 101,570,974 1.24% 98,716,173 1.21%

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 3,801,008 1.8420 GBP 1.82 GBP
5p ordinary Sale 3,880,941 1.8420 GBP 1.82 GBP
ADR Purchase 22,859 7.4800 USD 7.4533 USD
ADR Sale 22,859 7.4800 USD 7.4533 USD

(b) Cash-settled derivative transactions

Class of   Product   Nature of dealing   Number of   Price per
relevant description reference unit
security     securities  
5p ordinary CFD Long 851 1.8258 GBP
5p ordinary SWAP Long 1,094 1.8400 GBP
5p ordinary SWAP Long 3,506 1.8388 GBP
5p ordinary CFD Long 3,510 1.8238 GBP
5p ordinary CFD Long 4,132 1.8274 GBP
5p ordinary CFD Long 8,227 1.8383 GBP
5p ordinary SWAP Long 27,800 1.8382 GBP
5p ordinary CFD Long 28,287 1.8249 GBP
5p ordinary CFD Long 36,237 1.8283 GBP
5p ordinary CFD Long 65,277 1.8277 GBP
5p ordinary CFD Long 72,282 1.8255 GBP
5p ordinary SWAP Long 85,044 1.8363 GBP
5p ordinary CFD Long 97,796 1.8325 GBP
5p ordinary SWAP Long 97,796 1.8325 GBP
5p ordinary SWAP Long 111,752 1.8302 GBP
5p ordinary CFD Long 134,568 1.8327 GBP
5p ordinary SWAP Long 145,106 1.8377 GBP
5p ordinary SWAP Long 197,894 1.8385 GBP
5p ordinary CFD Long 200,000 1.8371 GBP
5p ordinary CFD Long 228,400 1.8303 GBP
5p ordinary SWAP Long 371,066 1.8339 GBP
5p ordinary SWAP Short 1,717 1.8338 GBP
5p ordinary SWAP Short 1,845 1.8361 GBP
5p ordinary SWAP Short 2,726 1.8292 GBP
5p ordinary SWAP Short 3,371 1.8275 GBP
5p ordinary SWAP Short 4,023 1.8293 GBP
5p ordinary SWAP Short 4,989 1.8274 GBP
5p ordinary SWAP Short 5,066 1.8249 GBP
5p ordinary SWAP Short 5,673 1.8254 GBP
5p ordinary SWAP Short 6,489 1.8257 GBP
5p ordinary SWAP Short 7,066 1.8282 GBP
5p ordinary SWAP Short 8,811 1.8258 GBP
5p ordinary CFD Short 12,531 1.8265 GBP
5p ordinary CFD Short 12,585 1.8304 GBP
5p ordinary SWAP Short 19,946 1.8299 GBP
5p ordinary SWAP Short 21,351 1.8237 GBP
5p ordinary CFD Short 26,797 1.8250 GBP
5p ordinary SWAP Short 32,636 1.8399 GBP
5p ordinary CFD Short 33,453 1.8375 GBP
5p ordinary SWAP Short 38,129 1.8355 GBP
5p ordinary SWAP Short 41,631 1.8322 GBP
5p ordinary CFD Short 44,470 1.8392 GBP
5p ordinary SWAP Short 52,274 1.8263 GBP
5p ordinary SWAP Short 54,814 1.8356 GBP
5p ordinary SWAP Short 55,470 1.8272 GBP
5p ordinary CFD Short 68,157 1.8313 GBP
5p ordinary SWAP Short 313,883 1.8301 GBP
5p ordinary SWAP Short 358,085 1.8269 GBP

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

(i) Writing, selling, purchasing or varying

Class of relevant security   Product description e.g. call option   Writing, purchasing, selling, varying etc.   Number of securities to which option relates   Exercise price per unit   Type

e.g. American, European etc.

  Expiry date   Option money paid/ received per unit

(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: 19 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 +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
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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