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	28 FEB 2018
(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:		40,560,681		0.50%		34,685,111		0.42%
Â		Â		Â		Â		Â		Â
(2)		Cash-settled derivatives:
				8,789,608		0.11%		16,015,291		0.20%
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:		49,350,289		0.60%		50,700,402		0.62%

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		14,541,939		2.1470 GBP		2.0629 GBP
5p ordinary		Sale		14,052,783		2.1460 GBP		2.0668 GBP
ADR		Purchase		4,414		8.8200 GBP		8.7576 GBP
ADR		Sale		4,414		8.8200 GBP		8.7576 GBP
									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		200		2.1215 GBP
5p ordinary		CFD		Long		9,206		2.1251 GBP
5p ordinary		CFD		Long		22,921		2.1225 GBP
5p ordinary		CFD		Long		27,418		2.1297 GBP
5p ordinary		CFD		Long		28,045		2.1094 GBP
5p ordinary		CFD		Long		31,509		2.1423 GBP
5p ordinary		SWAP		Long		37,674		2.1083 GBP
5p ordinary		SWAP		Long		44,200		2.1077 GBP
5p ordinary		CFD		Long		47,746		2.1121 GBP
5p ordinary		CFD		Long		53,350		2.0668 GBP
5p ordinary		SWAP		Long		53,350		2.0668 GBP
5p ordinary		SWAP		Long		62,097		2.1285 GBP
5p ordinary		SWAP		Long		88,490		2.1080 GBP
5p ordinary		CFD		Long		139,344		2.1266 GBP
5p ordinary		CFD		Long		148,770		2.1283 GBP
5p ordinary		CFD		Long		203,191		2.1231 GBP
5p ordinary		SWAP		Long		397,175		2.1226 GBP
5p ordinary		CFD		Long		397,199		2.1256 GBP
5p ordinary		SWAP		Long		462,667		2.0750 GBP
5p ordinary		CFD		Long		466,516		2.0990 GBP
5p ordinary		CFD		Long		493,411		2.1262 GBP
5p ordinary		CFD		Long		881,288		2.1161 GBP
5p ordinary		CFD		Long		1,794,369		2.1171 GBP
5p ordinary		CFD		Short		34		2.0629 GBP
5p ordinary		CFD		Short		381		2.1290 GBP
5p ordinary		CFD		Short		1,501		2.1175 GBP
5p ordinary		CFD		Short		1,686		2.1160 GBP
5p ordinary		CFD		Short		3,227		2.0725 GBP
5p ordinary		CFD		Short		8,100		2.1271 GBP
5p ordinary		CFD		Short		10,000		2.0621 GBP
5p ordinary		CFD		Short		11,685		2.1088 GBP
5p ordinary		CFD		Short		15,409		2.1233 GBP
5p ordinary		SWAP		Short		17,891		2.1130 GBP
5p ordinary		SWAP		Short		18,089		2.1127 GBP
5p ordinary		CFD		Short		20,031		2.1057 GBP
5p ordinary		SWAP		Short		25,037		2.1110 GBP
5p ordinary		CFD		Short		31,277		2.0752 GBP
5p ordinary		CFD		Short		31,584		2.1166 GBP
5p ordinary		SWAP		Short		31,727		2.1080 GBP
5p ordinary		SWAP		Short		33,075		2.1120 GBP
5p ordinary		CFD		Short		56,247		2.0790 GBP
5p ordinary		SWAP		Short		56,530		2.1151 GBP
5p ordinary		SWAP		Short		60,572		2.1293 GBP
5p ordinary		SWAP		Short		70,444		2.1228 GBP
5p ordinary		CFD		Short		99,033		2.1208 GBP
5p ordinary		CFD		Short		170,876		2.1470 GBP
5p ordinary		CFD		Short		185,755		2.1081 GBP
5p ordinary		CFD		Short		215,575		2.1005 GBP
5p ordinary		SWAP		Short		230,672		2.1132 GBP
5p ordinary		CFD		Short		327,808		2.1365 GBP
5p ordinary		CFD		Short		350,000		2.1397 GBP
5p ordinary		SWAP		Short		369,798		2.1023 GBP
5p ordinary		SWAP		Short		1,028,921		2.1188 GBP
5p ordinary		CFD		Short		1,159,503		2.1201 GBP
5p ordinary		SWAP		Short		1,159,503		2.1201 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:	Â	1 March 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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