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	27 April 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:		39,544,955		0.48%		39,645,950		0.48%
Â		Â		Â		Â		Â		Â
(2)		Cash-settled derivatives:
				31,001,000		0.38%		22,179,229		0.27%
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:		70,545,955		0.86%		61,825,179		0.76%

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		1,943,940		1.8251 GBP		1.7815 GBP
5p ordinary		Sale		6,381,968		1.8250 GBP		1.7815 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		CFD		Long		1,369		1.7984 GBP
5p ordinary		SWAP		Long		3,712		1.8110 GBP
5p ordinary		CFD		Long		9,953		1.7924 GBP
5p ordinary		SWAP		Long		12,792		1.7925 GBP
5p ordinary		SWAP		Long		19,137		1.8249 GBP
5p ordinary		CFD		Long		21,499		1.8247 GBP
5p ordinary		SWAP		Long		21,499		1.8247 GBP
5p ordinary		SWAP		Long		25,757		1.8144 GBP
5p ordinary		SWAP Expires 02/06/2018		Long		43,050		1.8094 GBP
5p ordinary		SWAP		Long		49,089		1.8031 GBP
5p ordinary		SWAP		Long		62,012		1.8241 GBP
5p ordinary		SWAP		Long		65,227		1.8075 GBP
5p ordinary		CFD		Long		66,291		1.8108 GBP
5p ordinary		SWAP		Long		78,860		1.8118 GBP
5p ordinary		CFD		Long		136,940		1.8080 GBP
5p ordinary		CFD		Long		155,922		1.7990 GBP
5p ordinary		CFD		Long		248,795		1.8072 GBP
5p ordinary		SWAP		Long		279,815		1.8113 GBP
5p ordinary		CFD		Long		328,226		1.8250 GBP
5p ordinary		SWAP		Long		680,484		1.8120 GBP
5p ordinary		CFD		Long		959,815		1.8095 GBP
5p ordinary		CFD		Long		2,221,017		1.8128 GBP
5p ordinary		SWAP		Long		2,221,017		1.8128 GBP
5p ordinary		SWAP		Short		418		1.8096 GBP
5p ordinary		SWAP		Short		500		1.8135 GBP
5p ordinary		SWAP		Short		846		1.8079 GBP
5p ordinary		SWAP		Short		902		1.7876 GBP
5p ordinary		SWAP		Short		1,759		1.8066 GBP
5p ordinary		SWAP		Short		4,505		1.8170 GBP
5p ordinary		SWAP		Short		4,806		1.7978 GBP
5p ordinary		SWAP		Short		4,851		1.8055 GBP
5p ordinary		SWAP		Short		8,440		1.8011 GBP
5p ordinary		SWAP		Short		11,710		1.8092 GBP
5p ordinary		SWAP		Short		11,756		1.7999 GBP
5p ordinary		SWAP		Short		11,763		1.8027 GBP
5p ordinary		SWAP		Short		17,261		1.8058 GBP
5p ordinary		CFD		Short		25,089		1.8251 GBP
5p ordinary		SWAP		Short		27,227		1.8039 GBP
5p ordinary		CFD		Short		41,559		1.8165 GBP
5p ordinary		CFD		Short		45,114		1.8012 GBP
5p ordinary		SWAP		Short		58,809		1.8036 GBP
5p ordinary		SWAP		Short		63,322		1.8108 GBP
5p ordinary		SWAP		Short		95,952		1.8250 GBP
5p ordinary		CFD		Short		254,886		1.7940 GBP
5p ordinary		SWAP		Short		377,767		1.8051 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	28 April 2017
Contact name:		Rajesh Muthanna
Telephone number:		020 3555 4634

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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