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	17 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:		43,362,252		0.53%		38,390,433		0.47%
Â		Â		Â		Â		Â		Â
(2)		Cash-settled derivatives:
				22,191,597		0.27%		25,763,082		0.31%
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:		66,553,849		0.81%		65,153,515		0.80%

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		1,260,789		1.8470 GBP		1.8175 GBP
5p ordinary		Sale		3,427,748		1.8470 GBP		1.8175 GBP
ADR		Purchase		8,950		7.2432 USD		7.2432 USD
ADR		Sale		8,950		7.2432 USD		7.2432 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		121		1.8443 GBP
5p ordinary		SWAP		Long		141		1.8365 GBP
5p ordinary		CFD		Long		442		1.8439 GBP
5p ordinary		SWAP		Long		615		1.8448 GBP
5p ordinary		CFD		Long		919		1.8424 GBP
5p ordinary		SWAP		Long		1,113		1.8366 GBP
5p ordinary		SWAP		Long		1,297		1.8377 GBP
5p ordinary		SWAP		Long		1,732		1.8389 GBP
5p ordinary		CFD		Long		1,938		1.8446 GBP
5p ordinary		CFD		Long		2,417		1.8454 GBP
5p ordinary		SWAP		Long		3,738		1.8352 GBP
5p ordinary		CFD		Long		4,765		1.8445 GBP
5p ordinary		SWAP		Long		4,841		1.8391 GBP
5p ordinary		SWAP		Long		4,849		1.8246 GBP
5p ordinary		SWAP		Long		4,991		1.8286 GBP
5p ordinary		SWAP		Long		5,186		1.8414 GBP
5p ordinary		SWAP		Long		5,645		1.8296 GBP
5p ordinary		SWAP		Long		7,926		1.8332 GBP
5p ordinary		CFD		Long		12,836		1.8336 GBP
5p ordinary		SWAP		Long		13,612		1.8347 GBP
5p ordinary		SWAP		Long		13,763		1.8325 GBP
5p ordinary		CFD		Long		14,410		1.8468 GBP
5p ordinary		SWAP		Long		14,891		1.8363 GBP
5p ordinary		CFD		Long		19,055		1.8410 GBP
5p ordinary		SWAP		Long		19,914		1.8346 GBP
5p ordinary		SWAP		Long		22,124		1.8341 GBP
5p ordinary		CFD		Long		28,222		1.8431 GBP
5p ordinary		CFD		Long		34,142		1.8362 GBP
5p ordinary		CFD		Long		37,450		1.8334 GBP
5p ordinary		CFD		Long		68,199		1.8470 GBP
5p ordinary		SWAP		Long		68,199		1.8470 GBP
5p ordinary		SWAP		Long		93,233		1.8426 GBP
5p ordinary		SWAP		Long		158,380		1.8330 GBP
5p ordinary		CFD		Long		265,920		1.8358 GBP
5p ordinary		SWAP		Long		265,920		1.8358 GBP
5p ordinary		SWAP		Long		489,927		1.8394 GBP
5p ordinary		SWAP		Long		1,647,610		1.8429 GBP
5p ordinary		SWAP		Short		100		1.8302 GBP
5p ordinary		CFD		Short		823		1.8325 GBP
5p ordinary		CFD		Short		2,197		1.8339 GBP
5p ordinary		CFD		Short		2,693		1.8357 GBP
5p ordinary		CFD		Short		4,311		1.8276 GBP
5p ordinary		SWAP		Short		10,208		1.8349 GBP
5p ordinary		CFD		Short		10,361		1.8338 GBP
5p ordinary		CFD		Short		14,954		1.8303 GBP
5p ordinary		SWAP		Short		16,205		1.8440 GBP
5p ordinary		CFD		Short		24,789		1.8352 GBP
5p ordinary		CFD		Short		34,482		1.8328 GBP
5p ordinary		CFD		Short		67,435		1.8294 GBP
5p ordinary		CFD		Short		82,549		1.8320 GBP
5p ordinary		SWAP		Short		90,682		1.8334 GBP
5p ordinary		SWAP Expires 21/11/2018		Short		127,114		1.8424 GBP
5p ordinary		SWAP		Short		171,050		1.8470 GBP
5p ordinary		SWAP		Short		316,755		1.8355 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	20 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

=A158:G165

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.

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