Form 8.5 - TESCO PLC - Amendment

Form 8.5 - TESCO PLC - Amendment

BARCLAYS PLC

FORM 8.5 (EPT/NON-RI) AMENDMENT TO SALES AND PURCHASES

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:	Â	BARCLAYS CAPITAL SECURITIES LTD
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	Â	TESCO PLC
(c) Name of the party to the offer with which exempt principal trader is connected:	Â	TESCO PLC
(d) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure	Â	7 Nov 2017
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state “N/A”	Â	YES 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		Â		Short Positions		Â
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		36,179,843		0.43%		39,324,795		0.48%
Â		Â		Â		Â		Â		Â
(2)		Cash-settled derivatives:
				21,014,718		0.26%		15,990,821		0.20%
Â		Â		Â		Â		Â		Â
(3)		Stock-settled derivatives (including options)
		and agreements to purchase/sell:		1,000,000		0.01%		1,000,000		0.01%
Â		Â		Â		Â		Â		Â
(4)
		TOTAL:		58,194,561		0.70%		56,315,616		0.69%

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		3,396,915		1.7750 GBP		1.76 GBP
5p ordinary		Sale		2,768,959		1.7750 GBP		1.76 GBP
ADR		Purchase		20,316		6.9555 USD		6.8970 USD
ADR		Sale		20,316		6.9555 USD		6.8970 USD
									Â
(b)		Cash-settled derivative transactions		Â		Â		Â
Class of		Product		Nature of dealing		Number of		Price per
relevant		description				reference		unit
security		Â		Â		securities		Â
5p ordinary		SWAP		Long		26		1.7712 GBP
5p ordinary		SWAP		Long		40		1.7724 GBP
5p ordinary		SWAP		Long		80		1.7700 GBP
5p ordinary		SWAP		Long		92		1.7694 GBP
5p ordinary		CFD		Long		133		1.7609 GBP
5p ordinary		SWAP		Long		136		1.7682 GBP
5p ordinary		SWAP		Long		167		1.7670 GBP
5p ordinary		CFD		Long		288		1.7619 GBP
5p ordinary		SWAP		Long		306		1.7720 GBP
5p ordinary		CFD		Long		605		1.7680 GBP
5p ordinary		SWAP		Long		1,337		1.7655 GBP
5p ordinary		CFD		Long		1,387		1.7688 GBP
5p ordinary		CFD		Long		1,502		1.7703 GBP
5p ordinary		CFD		Long		1,805		1.7738 GBP
5p ordinary		CFD		Long		5,754		1.7714 GBP
5p ordinary		SWAP		Long		5,754		1.7714 GBP
5p ordinary		CFD		Long		7,444		1.7614 GBP
5p ordinary		CFD		Long		13,832		1.7628 GBP
5p ordinary		CFD		Long		18,009		1.7605 GBP
5p ordinary		CFD		Long		25,649		1.7668 GBP
5p ordinary		CFD		Long		44,170		1.7600 GBP
5p ordinary		SWAP		Long		44,170		1.7600 GBP
5p ordinary		CFD		Long		50,234		1.7697 GBP
5p ordinary		SWAP		Long		50,234		1.7697 GBP
5p ordinary		CFD		Long		58,198		1.7716 GBP
5p ordinary		CFD		Long		61,433		1.7602 GBP
5p ordinary		SWAP		Long		70,500		1.7598 GBP
5p ordinary		SWAP		Long		114,049		1.7646 GBP
5p ordinary		CFD		Long		152,315		1.7601 GBP
5p ordinary		SWAP		Long		164,700		1.7649 GBP
5p ordinary		CFD		Long		250,000		1.7615 GBP
5p ordinary		SWAP		Long		340,784		1.7657 GBP
5p ordinary		SWAP		Long		357,033		1.7691 GBP
5p ordinary		SWAP		Long		6,751,014		1.7715 GBP
5p ordinary		SWAP		Short		488		1.7676 GBP
5p ordinary		CFD		Short		672		1.7660 GBP
5p ordinary		CFD		Short		7,460		1.7667 GBP
5p ordinary		CFD		Short		17,842		1.7642 GBP
5p ordinary		CFD		Short		20,953		1.7655 GBP
5p ordinary		SWAP		Short		22,811		1.7633 GBP
5p ordinary		SWAP		Short		25,498		1.7651 GBP
5p ordinary		CFD		Short		35,168		1.7669 GBP
5p ordinary		CFD		Short		45,141		1.7706 GBP
5p ordinary		CFD		Short		47,785		1.7653 GBP
5p ordinary		CFD		Short		51,236		1.7663 GBP
5p ordinary		SWAP		Short		51,236		1.7663 GBP
5p ordinary		CFD		Short		122,788		1.7707 GBP
5p ordinary		SWAP		Short		214,292		1.7644 GBP
5p ordinary		CFD		Short		290,073		1.7691 GBP
5p ordinary		SWAP		Short		435,571		1.7600 GBP
5p ordinary		CFD		Short		827,111		1.7665 GBP
5p ordinary		SWAP		Short		6,751,014		1.7715 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

YES

Date of disclosure:	Â	14 Nov 2017
Contact name:		Jay Supaya
Telephone number:		020 7773 0635

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.

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

Full name of person making disclosure:	Â	BARCLAYS CAPITAL SECURITIES LTD
Name of offeror/offeree in relation to whose relevant securities the disclosure relates:		TESCO PLC

2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)

Class

Â

Product

Â

Writing,

Â

Number

Â

Exercise

Â

Type

Â

Expiry

of

description

purchasing,

of

price

date

relevant

selling,

securities

per unit

security

varying etc

to which

option

Â

Â

Â

relates

Â

Â

Â

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 [phone].

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

View source version on businesswire.com: http://www.businesswire.com/news/home/20171114005890/en/