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: 09 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: 33,931,959 0.41% 42,680,036 0.52%
           
(2) Cash-settled derivatives:
16,072,906 0.20% 12,415,501 0.15%
           
(3) Stock-settled derivatives (including options)
and agreements to purchase/sell: 0 0.00% 0 0.00%
           
 
TOTAL: 50,004,865 0.61% 55,095,537 0.67%

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 4,116,608 2.0429 GBP 1.988 GBP
5p ordinary Sale 3,816,044 2.0430 GBP 1.9869 GBP
ADR Purchase 9,830 8.2611 GBP 8.2611 GBP
ADR Sale 9,830 8.2611 GBP 8.2611 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 753 2.0142 GBP
5p ordinary CFD Long 7,974 1.9924 GBP
5p ordinary CFD Long 12,976 2.0394 GBP
5p ordinary CFD Long 16,249 2.0196 GBP
5p ordinary SWAP Long 18,001 1.9934 GBP
5p ordinary CFD Long 21,792 2.0243 GBP
5p ordinary CFD Long 22,607 2.0192 GBP
5p ordinary SWAP Long 24,342 1.9930 GBP
5p ordinary CFD Long 26,381 2.0318 GBP
5p ordinary CFD Long 27,112 2.0256 GBP
5p ordinary CFD Long 38,250 2.0398 GBP
5p ordinary CFD Long 72,967 1.9928 GBP
5p ordinary CFD Long 78,255 2.0265 GBP
5p ordinary CFD Long 86,939 1.9976 GBP
5p ordinary SWAP Long 387,185 2.0001 GBP
5p ordinary SWAP Long 462,600 1.9969 GBP
5p ordinary SWAP Long 601,556 1.9966 GBP
5p ordinary SWAP Short 1,727 2.0095 GBP
5p ordinary CFD Short 2,430 2.0240 GBP
5p ordinary SWAP Short 2,498 2.0234 GBP
5p ordinary SWAP Short 2,940 2.0289 GBP
5p ordinary SWAP Short 3,708 2.0067 GBP
5p ordinary CFD Short 5,362 2.0076 GBP
5p ordinary SWAP Short 6,345 2.0180 GBP
5p ordinary SWAP Short 6,594 2.0172 GBP
5p ordinary SWAP Short 7,931 2.0311 GBP
5p ordinary CFD Short 9,642 2.0014 GBP
5p ordinary CFD Short 14,368 1.9917 GBP
5p ordinary SWAP Short 14,533 2.0326 GBP
5p ordinary CFD Short 24,366 1.9987 GBP
5p ordinary SWAP Short 26,212 2.0083 GBP
5p ordinary SWAP Short 26,562 2.0181 GBP
5p ordinary CFD Short 28,271 2.0183 GBP
5p ordinary SWAP Short 34,370 2.0184 GBP
5p ordinary CFD Short 41,295 2.0032 GBP
5p ordinary CFD Short 42,265 2.0153 GBP
5p ordinary SWAP Short 44,842 1.9901 GBP
5p ordinary CFD Short 65,571 2.0069 GBP
5p ordinary CFD Short 73,506 1.9915 GBP
5p ordinary SWAP Short 76,977 1.9899 GBP
5p ordinary CFD Short 93,872 2.0179 GBP
5p ordinary CFD Short 100,000 2.0081 GBP
5p ordinary SWAP Short 107,795 1.9923 GBP
5p ordinary CFD Short 156,965 2.0020 GBP
5p ordinary CFD Short 166,983 1.9908 GBP
5p ordinary SWAP Short 235,771 2.0203 GBP
5p ordinary SWAP Short 498,596 2.0348 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: 12 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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