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: 07 February 2018
(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: 32,364,012 0.40% 42,748,915 0.52%
           
(2) Cash-settled derivatives:
16,229,608 0.20% 11,522,431 0.14%
           
(3) Stock-settled derivatives (including options)
and agreements to purchase/sell: 0 0.00% 0 0.00%
           
(4)
TOTAL: 48,593,620 0.59% 54,271,346 0.66%

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 6,739,704 2.0310 GBP 1.9767 GBP
5p ordinary Sale 2,150,320 2.0310 GBP 1.9767 GBP
ADR Purchase 16,068 8.4523 GBP 8.4423 GBP
ADR Sale 16,068 8.4523 GBP 8.4423 GBP

(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 1,284 1.9979 GBP
5p ordinary CFD Long 1,370 1.9819 GBP
5p ordinary SWAP Long 3,212 2.0213 GBP
5p ordinary SWAP Long 3,642 1.9827 GBP
5p ordinary SWAP Long 6,338 1.9939 GBP
5p ordinary CFD Long 11,065 1.9971 GBP
5p ordinary CFD Long 12,576 2.0089 GBP
5p ordinary SWAP Long 12,858 1.9829 GBP
5p ordinary SWAP Long 14,277 1.9700 GBP
5p ordinary CFD Long 17,730 1.9914 GBP
5p ordinary CFD Long 18,997 2.0075 GBP
5p ordinary SWAP Long 32,656 2.0160 GBP
5p ordinary CFD Long 36,138 2.0198 GBP
5p ordinary SWAP Long 44,114 1.9983 GBP
5p ordinary CFD Long 52,961 2.0063 GBP
5p ordinary CFD Long 54,780 2.0055 GBP
5p ordinary CFD Long 60,378 2.0049 GBP
5p ordinary CFD Long 90,807 2.0245 GBP
5p ordinary SWAP Long 90,807 2.0245 GBP
5p ordinary SWAP Long 243,864 2.0040 GBP
5p ordinary SWAP Long 317,270 1.9852 GBP
5p ordinary SWAP Long 390,514 2.0250 GBP
5p ordinary SWAP Long 2,189,420 2.0220 GBP
5p ordinary CFD Short 290 2.0294 GBP
5p ordinary CFD Short 808 1.9968 GBP
5p ordinary CFD Short 860 1.9701 GBP
5p ordinary CFD Short 5,891 2.0295 GBP
5p ordinary CFD Short 7,694 1.9829 GBP
5p ordinary CFD Short 9,660 1.9799 GBP
5p ordinary CFD Short 11,616 1.9958 GBP
5p ordinary CFD Short 11,700 2.0128 GBP
5p ordinary CFD Short 12,214 1.9964 GBP
5p ordinary CFD Short 16,104 1.9769 GBP
5p ordinary CFD Short 18,660 1.9803 GBP
5p ordinary CFD Short 26,263 2.0077 GBP
5p ordinary CFD Short 26,475 1.9795 GBP
5p ordinary SWAP Short 28,898 1.9807 GBP
5p ordinary CFD Short 42,399 1.9805 GBP
5p ordinary CFD Short 42,950 1.9794 GBP
5p ordinary CFD Short 46,409 1.9817 GBP
5p ordinary CFD Short 48,433 2.0050 GBP
5p ordinary CFD Short 50,686 2.0176 GBP
5p ordinary CFD Short 54,794 1.9831 GBP
5p ordinary CFD Short 55,102 2.0142 GBP
5p ordinary SWAP Short 57,400 2.0252 GBP
5p ordinary CFD Short 83,460 2.0251 GBP
5p ordinary CFD Short 93,672 1.9844 GBP
5p ordinary SWAP Short 95,182 2.0250 GBP
5p ordinary CFD Short 98,742 1.9811 GBP
5p ordinary CFD Short 116,934 2.0266 GBP
5p ordinary SWAP Short 134,000 2.0082 GBP
5p ordinary CFD Short 144,103 1.9804 GBP
5p ordinary CFD Short 145,441 1.9801 GBP
5p ordinary SWAP Short 175,619 1.9970 GBP
5p ordinary CFD Short 177,946 2.0119 GBP
5p ordinary CFD Short 198,283 1.9806 GBP
5p ordinary CFD Short 200,000 2.0031 GBP
5p ordinary CFD Short 202,926 2.0120 GBP
5p ordinary CFD Short 262,984 1.9808 GBP
5p ordinary CFD Short 280,142 2.0084 GBP
5p ordinary SWAP Short 584,402 2.0126 GBP
5p ordinary CFD Short 595,027 2.0165 GBP
5p ordinary CFD Short 844,417 2.0101 GBP
5p ordinary CFD Short 1,086,756 2.0097 GBP
5p ordinary SWAP Short 2,189,420 2.0220 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?   NO
Date of disclosure: 8 Feb 2018
Contact name: Elise Tang
Telephone number: 0207 1163 001

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.

Companies

Tesco (TSCO)
UK 100

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