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 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:		34,071,486		0.42%		43,027,225		0.53%
Â		Â		Â		Â		Â		Â
(2)		Cash-settled derivatives:
				16,172,880		0.20%		12,592,019		0.15%
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:		50,244,366		0.61%		55,619,244		0.68%

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		3,941,070		2.0363 GBP		2.0142 GBP
5p ordinary		Sale		2,829,176		2.0397 GBP		2.0125 GBP
ADR		Purchase		3,400		8.4580 GBP		8.4580 GBP
ADR		Sale		3,400		8.4580 GBP		8.4580 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		848		2.0270 GBP
5p ordinary		SWAP		Long		13,937		2.0260 GBP
5p ordinary		SWAP		Long		19,909		2.0243 GBP
5p ordinary		CFD		Long		27,422		2.0323 GBP
5p ordinary		SWAP		Long		77,826		2.0231 GBP
5p ordinary		CFD		Long		80,053		2.0309 GBP
5p ordinary		CFD		Long		99,414		2.0397 GBP
5p ordinary		CFD		Long		103,002		2.0238 GBP
5p ordinary		CFD		Long		113,659		2.0219 GBP
5p ordinary		CFD		Long		144,740		2.0284 GBP
5p ordinary		SWAP		Long		273,445		2.0277 GBP
5p ordinary		SWAP		Short		328		2.0332 GBP
5p ordinary		SWAP		Short		652		2.0344 GBP
5p ordinary		SWAP		Short		800		2.0242 GBP
5p ordinary		SWAP		Short		1,189		2.0345 GBP
5p ordinary		SWAP		Short		2,000		2.0304 GBP
5p ordinary		SWAP		Short		2,680		2.0330 GBP
5p ordinary		CFD		Short		2,704		2.0155 GBP
5p ordinary		SWAP		Short		3,302		2.0299 GBP
5p ordinary		SWAP		Short		4,632		2.0322 GBP
5p ordinary		CFD		Short		4,670		2.0202 GBP
5p ordinary		CFD		Short		5,526		2.0175 GBP
5p ordinary		CFD		Short		8,314		2.0326 GBP
5p ordinary		SWAP		Short		11,631		2.0336 GBP
5p ordinary		SWAP		Short		12,559		2.0298 GBP
5p ordinary		CFD		Short		15,000		2.0221 GBP
5p ordinary		SWAP		Short		16,809		2.0359 GBP
5p ordinary		CFD		Short		21,217		2.0329 GBP
5p ordinary		CFD		Short		21,744		2.0241 GBP
5p ordinary		SWAP		Short		24,615		2.0253 GBP
5p ordinary		CFD		Short		35,290		2.0142 GBP
5p ordinary		CFD		Short		39,197		2.0199 GBP
5p ordinary		CFD		Short		39,449		2.0192 GBP
5p ordinary		SWAP		Short		51,006		2.0319 GBP
5p ordinary		CFD		Short		57,881		2.0363 GBP
5p ordinary		CFD		Short		75,352		2.0291 GBP
5p ordinary		CFD		Short		100,000		2.0323 GBP
5p ordinary		SWAP		Short		195,020		2.0240 GBP
5p ordinary		SWAP		Short		217,053		2.0259 GBP
5p ordinary		SWAP		Short		258,997		2.0317 GBP
5p ordinary		SWAP		Short		274,359		2.0289 GBP
5p ordinary		SWAP		Short		317,270		2.0150 GBP

(b) Cash-settled derivative transactions

Class of relevant security

Â

Product description e.g. CFD

Â

Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position

Â

Number of reference securities

Â

Price per unit

(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	9 FEB 2018
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.

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