Man Group PLC : Form 8.3 - [Tesco plc]

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the "Code")

1.         KEY INFORMATION

(a) Full name of discloser:	Man Group Plc
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):	N/A
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:	Tesco plc
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:	N/A
(e) Date position held/dealing undertaken:	26h October 2017
(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?	YES / NO / N/A If YES, specify which: Booker Group plc

2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(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:	5p ordinary
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	22,996,301	0.2808	0	0
(2) Cash-settled derivatives:	36,233,024	0.4424	22,938,975	0.2801
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	24,996,000	0.3052	9,996,000	0.1221
TOTAL:	84,225,325	1.0284	32,934,975	0.4021

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:
Details, including nature of the rights concerned and relevant percentages:

3.         DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), 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 security	Purchase/sale	Number of securities	Price per unit
5p ordinary	Purchase	30,600	1.8568
5p ordinary	Purchase	33,600	1.8568

(b)        Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit (GBP)
5p ordinary	CFD	Decreasing a short position	59,382	1.8614
5p ordinary	CFD	Decreasing a short position	35,365	1.8546
5p ordinary	CFD	Decreasing a short position	38,335	1.8513
5p ordinary	CFD	Decreasing a short position	37,185	1.8492
5p ordinary	CFD	Decreasing a short position	17,649	1.8536
5p ordinary	CFD	Decreasing a short position	28,876	1.8605
5p ordinary	CFD	Increasing a long position	25,789	1.8603
5p ordinary	CFD	Decreasing a long position	500,165	1.8500
5p ordinary	CFD	Decreasing a long position	260,729	1.8500
5p ordinary	CFD	Decreasing a long position	417,463	1.8500
5p ordinary	CFD	Decreasing a long position	676,572	1.8500
5p ordinary	CFD	Decreasing a long position	982,760	1.8500
5p ordinary	CFD	Decreasing a long position	606,129	1.8500
5p ordinary	CFD	Decreasing a long position	90,669	1.8500
5p ordinary	CFD	Decreasing a long position	146,992	1.8500
5p ordinary	CFD	Decreasing a long position	211,970	1.8500
5p ordinary	CFD	Decreasing a long position	130,731	1.8500
5p ordinary	CFD	Decreasing a long position	37,940	1.8500
5p ordinary	CFD	Decreasing a long position	113,427	1.8500
5p ordinary	CFD	Decreasing a long position	18,614	1.8531
5p ordinary	CFD	Decreasing a long position	62,894	1.8500
5p ordinary	CFD	Decreasing a long position	198,812	1.8500
5p ordinary	CFD	Decreasing a long position	122,747	1.8500
5p ordinary	CFD	Increasing a short position	151,921	1.8531

(c)        Stock-settled derivative transactions (including options)

(i)         Writing, selling, purchasing or varying

Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit
5p ordinary	Call option	Purchasing	759	1.95	American	19/01/2019	0.0375
5p ordinary	Call option	Purchasing	821	1.95	American	19/01/2019	0.0325
5p ordinary	Call option	Purchasing	400	1.95	American	19/01/2019	0.0375
5p ordinary	Call option	Purchasing	435	1.95	American	19/01/2019	0.0325
5p ordinary	Call option	Purchasing	670	1.95	American	19/01/2019	0.0375
5p ordinary	Call option	Purchasing	727	1.95	American	19/01/2019	0.0325
5p ordinary	Call option	Purchasing	1,158	1.95	American	19/01/2019	0.0325
5p ordinary	Call option	Purchasing	1,069	1.95	American	19/01/2019	0.0375
5p ordinary	Call option	Purchasing	974	1.95	American	19/01/2019	0.0375
5p ordinary	Call option	Purchasing	1,685	1.95	American	19/01/2019	0.0325
5p ordinary	Call option	Purchasing	1,056	1.95	American	19/01/2019	0.0325
5p ordinary	Call option	Purchasing	1,550	1.95	American	19/01/2019	0.0375
5p ordinary	Call option	Purchasing	146	1.95	American	19/01/2019	0.0375
5p ordinary	Call option	Purchasing	233	1.95	American	19/01/2019	0.0375
5p ordinary	Call option	Purchasing	158	1.95	American	19/01/2019	0.0325
5p ordinary	Call option	Purchasing	251	1.95	American	19/01/2019	0.0325
5p ordinary	Call option	Purchasing	211	1.95	American	19/01/2019	0.0375
5p ordinary	Call option	Purchasing	362	1.95	American	19/01/2019	0.0325
5p ordinary	Call option	Purchasing	227	1.95	American	19/01/2019	0.0325
5p ordinary	Call option	Purchasing	336	1.95	American	19/01/2019	0.0375
5p ordinary	Call option	Purchasing	97	1.95	American	19/01/2019	0.0375
5p ordinary	Call option	Purchasing	66	1.95	American	19/01/2019	0.0325
5p ordinary	Call option	Purchasing	61	1.95	American	19/01/2019	0.0375
5p ordinary	Call option	Purchasing	182	1.95	American	19/01/2019	0.0375
5p ordinary	Call option	Purchasing	196	1.95	American	19/01/2019	0.0325
5p ordinary	Call option	Purchasing	105	1.95	American	19/01/2019	0.0325
5p ordinary	Call option	Purchasing	340	1.95	American	19/01/2019	0.0325
5p ordinary	Call option	Purchasing	314	1.95	American	19/01/2019	0.0375
5p ordinary	Call option	Purchasing	213	1.95	American	19/01/2019	0.0325
5p ordinary	Call option	Purchasing	198	1.95	American	19/01/2019	0.0375

(ii)        Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit

(d)        Other dealings (including subscribing for new securities)

Class of relevant security	Nature of dealing e.g. subscription, conversion	Details	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 person 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 person 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?

YES/NO

Date of disclosure:	27th October 2017
Contact name:	Matthew Irwin
Telephone number:	02071447255

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [e-mail].  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:	Man Group Plc
Name of offeror/offeree in relation to whose relevant securities the disclosure relates:	Tesco plc

2.         STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)

Class of relevant security	Product description e.g. call option	Written or purchased	Number of securities to which option or derivative relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date
5p ordinary	Call Option	Purchased	1,580.00	1.95	American	19/01/2018
5p ordinary	Call Option	Purchased	835.00	1.95	American	19/01/2018
5p ordinary	Call Option	Purchased	1,397.00	1.95	American	19/01/2018
5p ordinary	Call Option	Purchased	2,227.00	1.95	American	19/01/2018
5p ordinary	Call Option	Purchased	2,030.00	1.95	American	19/01/2018
5p ordinary	Call Option	Purchased	3,235.00	1.95	American	19/01/2018
5p ordinary	Call Option	Purchased	304.00	1.95	American	19/01/2018
5p ordinary	Call Option	Purchased	484.00	1.95	American	19/01/2018
5p ordinary	Call Option	Purchased	438.00	1.95	American	19/01/2018
5p ordinary	Call Option	Purchased	698.00	1.95	American	19/01/2018
5p ordinary	Call Option	Purchased	378.00	1.95	American	19/01/2018
5p ordinary	Call Option	Purchased	127.00	1.95	American	19/01/2018
5p ordinary	Call Option	Purchased	202.00	1.95	American	19/01/2018
5p ordinary	Call Option	Purchased	411.00	1.95	American	19/01/2018
5p ordinary	Call Option	Purchased	654.00	1.95	American	19/01/2018
5p ordinary	Put Option	Written	2,968.00	1.7	American	17/11/2017
5p ordinary	Put Option	Written	2,968.00	1.7	American	17/11/2017
5p ordinary	Put Option	Written	4,312.00	1.7	American	17/11/2017
5p ordinary	Put Option	Written	4,312.00	1.7	American	17/11/2017
5p ordinary	Put Option	Written	645.00	1.7	American	17/11/2017
5p ordinary	Put Option	Written	645.00	1.7	American	17/11/2017
5p ordinary	Put Option	Written	930.00	1.7	American	17/11/2017
5p ordinary	Put Option	Written	930.00	1.7	American	17/11/2017
5p ordinary	Put Option	Written	269.00	1.7	American	17/11/2017
5p ordinary	Put Option	Written	269.00	1.7	American	17/11/2017
5p ordinary	Put Option	Written	872.00	1.7	American	17/11/2017
5p ordinary	Put Option	Written	872.00	1.7	American	17/11/2017
5p ordinary	Put Option	Purchased	2,968.00	1.8	American	17/11/2017
5p ordinary	Put Option	Purchased	2,968.00	1.8	American	17/11/2017
5p ordinary	Put Option	Purchased	4,312.00	1.8	American	17/11/2017
5p ordinary	Put Option	Purchased	4,312.00	1.8	American	17/11/2017
5p ordinary	Put Option	Purchased	645.00	1.8	American	17/11/2017
5p ordinary	Put Option	Purchased	645.00	1.8	American	17/11/2017
5p ordinary	Put Option	Purchased	930.00	1.8	American	17/11/2017
5p ordinary	Put Option	Purchased	930.00	1.8	American	17/11/2017
5p ordinary	Put Option	Purchased	269.00	1.8	American	17/11/2017
5p ordinary	Put Option	Purchased	269.00	1.8	American	17/11/2017
5p ordinary	Put Option	Purchased	872.00	1.8	American	17/11/2017
5p ordinary	Put Option	Purchased	872.00	1.8	American	17/11/2017

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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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Man Group PLC via Globenewswire