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: 21 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: 61,739,954 0.75% 45,755,110 0.56%
           
(2) Cash-settled derivatives:
31,092,398 0.38% 45,636,272 0.56%
           
(3) Stock-settled derivatives (including options)
and agreements to purchase/sell: 1,000,000 0.01% 1,000,000

0.01%

           
 
TOTAL: 93,832,352 1.15% 92,391,382 1.13%

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 1,226,576 1.8475 GBP 1.83 GBP
5p ordinary Sale 3,540,250 1.8558 GBP 1.83 GBP
ADR Purchase 10,698 7.5451 USD 7.5100 USD
ADR Sale 10,698 7.5451 USD 7.5100 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 300 1.8388 GBP
5p ordinary CFD Long 1,209 1.8323 GBP
5p ordinary CFD Long 5,781 1.8493 GBP
5p ordinary CFD Long 18,798 1.8558 GBP
5p ordinary SWAP Long 50,600 1.8331 GBP
5p ordinary CFD Long 51,976 1.8518 GBP
5p ordinary SWAP Long 136,952 1.8340 GBP
5p ordinary SWAP Long 162,918 1.8375 GBP
5p ordinary SWAP Long 536,407 1.8363 GBP
5p ordinary CFD Long 574,968 1.8348 GBP
5p ordinary SWAP Long 834,144 1.8346 GBP
5p ordinary SWAP Short 21 1.8396 GBP
5p ordinary SWAP Short 1,631 1.8417 GBP
5p ordinary CFD Short 4,276 1.8385 GBP
5p ordinary SWAP Short 5,355 1.8457 GBP
5p ordinary CFD Short 7,233 1.8339 GBP
5p ordinary CFD Short 8,393 1.8354 GBP
5p ordinary SWAP Short 11,836 1.8375 GBP
5p ordinary CFD Short 11,910 1.8365 GBP
5p ordinary SWAP Short 17,078 1.8346 GBP
5p ordinary SWAP Short 22,612 1.8361 GBP
5p ordinary CFD Short 23,228 1.8341 GBP
5p ordinary SWAP Short 23,228 1.8341 GBP
5p ordinary SWAP Short 28,066 1.8378 GBP
5p ordinary SWAP Short 29,612 1.8349 GBP
5p ordinary SWAP Short 30,726 1.8415 GBP
5p ordinary CFD Short 31,131 1.8421 GBP
5p ordinary SWAP Short 45,371 1.8479 GBP
5p ordinary SWAP Short 61,907 1.8383 GBP
5p ordinary SWAP Short 101,179 1.8362 GBP
5p ordinary SWAP Short 163,326 1.8387 GBP
5p ordinary CFD Short 220,000 1.8353 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: 22 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 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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Tesco (TSCO)
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