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:		07 February 2018
(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				Short Positions
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		32,364,012		0.40%		42,748,915		0.52%
Â		Â		Â		Â		Â		Â
(2)		Cash-settled derivatives:
				16,229,608		0.20%		11,522,431		0.14%
Â		Â		Â		Â		Â		Â
(3)		Stock-settled derivatives (including options)
		and agreements to purchase/sell:		0		0.00%		0		0.00%
Â		Â		Â		Â		Â		Â
(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:	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		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	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		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

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	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 [phone].

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

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