Form 8.5 - TESCO plc

Form 8.5 - 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:	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	8 DEC 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:		43,973,722		0.54%		46,818,836		0.57%
Â		Â		Â		Â		Â		Â
(2)		Cash-settled derivatives:
				20,245,508		0.25%		22,047,043		0.27%
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:		65,219,230		0.80%		69,865,879		0.85%

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		4,348,238		2.0550 GBP		2.03 GBP
5p ordinary		Sale		1,629,798		2.0550 GBP		2.03 GBP
ADR		Purchase		16,156		8.2154 USD		8.2154 USD
ADR		Sale		16,156		8.2154 USD		8.2154 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		CFD		Long		297		2.0519 GBP
5p ordinary		CFD		Long		310		2.0499 GBP
5p ordinary		SWAP		Long		2,438		2.0465 GBP
5p ordinary		CFD		Long		3,948		2.0510 GBP
5p ordinary		CFD		Long		4,090		2.0527 GBP
5p ordinary		CFD		Long		4,295		2.0549 GBP
5p ordinary		CFD		Long		5,897		2.0432 GBP
5p ordinary		CFD		Long		6,277		2.0353 GBP
5p ordinary		CFD		Long		10,775		2.0509 GBP
5p ordinary		CFD		Long		12,182		2.0453 GBP
5p ordinary		CFD		Long		12,735		2.0531 GBP
5p ordinary		CFD		Long		15,129		2.0475 GBP
5p ordinary		SWAP		Long		22,081		2.0483 GBP
5p ordinary		CFD		Long		45,367		2.0437 GBP
5p ordinary		SWAP		Long		159,054		2.0443 GBP
5p ordinary		CFD		Long		460,791		2.0459 GBP
5p ordinary		SWAP		Long		460,791		2.0459 GBP
5p ordinary		SWAP		Long		475,133		2.0490 GBP
5p ordinary		SWAP		Short		31		2.0358 GBP
5p ordinary		SWAP		Short		41		2.0327 GBP
5p ordinary		SWAP		Short		100		2.0457 GBP
5p ordinary		SWAP		Short		103		2.0311 GBP
5p ordinary		SWAP		Short		200		2.0489 GBP
5p ordinary		SWAP		Short		274		2.0544 GBP
5p ordinary		SWAP		Short		285		2.0340 GBP
5p ordinary		SWAP		Short		336		2.0333 GBP
5p ordinary		CFD		Short		583		2.0305 GBP
5p ordinary		CFD		Short		760		2.0535 GBP
5p ordinary		SWAP		Short		977		2.0361 GBP
5p ordinary		SWAP		Short		2,337		2.0354 GBP
5p ordinary		SWAP		Short		2,542		2.0465 GBP
5p ordinary		CFD		Short		2,830		2.0356 GBP
5p ordinary		CFD		Short		4,456		2.0537 GBP
5p ordinary		CFD		Short		6,614		2.0536 GBP
5p ordinary		CFD		Short		7,724		2.0456 GBP
5p ordinary		SWAP		Short		12,001		2.0437 GBP
5p ordinary		SWAP		Short		13,443		2.0417 GBP
5p ordinary		CFD		Short		16,270		2.0487 GBP
5p ordinary		SWAP		Short		19,767		2.0501 GBP
5p ordinary		SWAP		Short		31,028		2.0493 GBP
5p ordinary		SWAP		Short		31,676		2.0455 GBP
5p ordinary		CFD		Short		32,885		2.0393 GBP
5p ordinary		CFD		Short		33,417		2.0462 GBP
5p ordinary		SWAP		Short		47,297		2.0442 GBP
5p ordinary		CFD		Short		48,468		2.0524 GBP
5p ordinary		SWAP		Short		54,165		2.0469 GBP
5p ordinary		CFD		Short		58,762		2.0511 GBP
5p ordinary		CFD		Short		121,445		2.0488 GBP
5p ordinary		SWAP		Short		242,051		2.0467 GBP
5p ordinary		SWAP		Short		262,943		2.0490 GBP
5p ordinary		SWAP		Short		792,043		2.0453 GBP
5p ordinary		SWAP		Short		1,599,259		2.0473 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	11 DEC 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

Â

Â

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/20171211005468/en/