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:	08th November 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:

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:	26,031,980	0.3178	0	0
(2) Cash-settled derivatives:	35,426,155	0.4325	25,987,032	0.3173
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	25,023,000	0.3055	10,009,000	0.1222
TOTAL:	86,481,135	1.0559	35,996,032	0.4395

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	98,600	1.7629
5p ordinary	Purchase	26,800	1.7629
5p ordinary	Purchase	23,800	1.7629
5p ordinary	Purchase	34,400	1.7629
5p ordinary	Purchase	13,000	1.7629
5p ordinary	Purchase	34,900	1.7629
5p ordinary	Purchase	4,100	1.7629

(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	Increasing a short position	14,279	1.7618
5p ordinary	CFD	Increasing a short position	446,083	1.7618
5p ordinary	CFD	Increasing a short position	2,186	1.7617
5p ordinary	CFD	Increasing a short position	924	1.7617
5p ordinary	CFD	Increasing a short position	47,312	1.7617
5p ordinary	CFD	Increasing a short position	63,991	1.7617
5p ordinary	CFD	Increasing a short position	6,694	1.7623
5p ordinary	CFD	Increasing a short position	897	1.7618
5p ordinary	CFD	Increasing a short position	14,324	1.7618
5p ordinary	CFD	Increasing a short position	13,981	1.7617
5p ordinary	CFD	Increasing a short position	1,927	1.7617
5p ordinary	CFD	Increasing a short position	6,692	1.7618
5p ordinary	CFD	Increasing a short position	26,360	1.7607
5p ordinary	CFD	Increasing a short position	41,618	1.7579
5p ordinary	CFD	Increasing a short position	42,520	1.7583
5p ordinary	CFD	Increasing a short position	44,853	1.7568
5p ordinary	CFD	Increasing a short position	44,510	1.7571
5p ordinary	CFD	Increasing a short position	43,213	1.7558
5p ordinary	CFD	Increasing a short position	63,631	1.7556
5p ordinary	CFD	Increasing a short position	60,916	1.7557
5p ordinary	CFD	Increasing a short position	59,273	1.7581
5p ordinary	CFD	Increasing a short position	55,666	1.7606
5p ordinary	CFD	Increasing a short position	10,676	1.7617
5p ordinary	CFD	Reducing a long position	5,893	1.7598
5p ordinary	CFD	Reducing a long position	22,951	1.7575
5p ordinary	CFD	Reducing a long position	32,457	1.7566
5p ordinary	CFD	Reducing a long position	8,869	1.7556
5p ordinary	CFD	Reducing a long position	17,033	1.7556
5p ordinary	CFD	Reducing a long position	54,590	1.7658
5p ordinary	CFD	Increasing a long position	46,697	1.7610
5p ordinary	CFD	Increasing a long position	79,630	1.7610
5p ordinary	CFD	Increasing a long position	9,729	1.7610
5p ordinary	CFD	Increasing a long position	14,140	1.7610
5p ordinary	CFD	Increasing a long position	5,677	1.7610
5p ordinary	CFD	Increasing a long position	13,405	1.7610
5p ordinary	CFD	Increasing a long position	5,864	1.7610

(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

(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:	09th November 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
Call Option	Purchased	1,654.00	1.95	American	19/01/2018	Call Option
Call Option	Purchased	806.00	1.95	American	19/01/2018	Call Option
Call Option	Purchased	1,290.00	1.95	American	19/01/2018	Call Option
Call Option	Purchased	2,062.00	1.95	American	19/01/2018	Call Option
Call Option	Purchased	2,237.00	1.95	American	19/01/2018	Call Option
Call Option	Purchased	3,579.00	1.95	American	19/01/2018	Call Option
Call Option	Purchased	278.00	1.95	American	19/01/2018	Call Option
Call Option	Purchased	445.00	1.95	American	19/01/2018	Call Option
Call Option	Purchased	402.00	1.95	American	19/01/2018	Call Option
Call Option	Purchased	644.00	1.95	American	19/01/2018	Call Option
Call Option	Purchased	347.00	1.95	American	19/01/2018	Call Option
Call Option	Purchased	115.00	1.95	American	19/01/2018	Call Option
Call Option	Purchased	186.00	1.95	American	19/01/2018	Call Option
Call Option	Purchased	371.00	1.95	American	19/01/2018	Call Option
Call Option	Purchased	598.00	1.95	American	19/01/2018	Call Option
Put Option	Purchased	2,747.00	1.7	American	17/11/2017	Put Option
Put Option	Purchased	4,769.00	1.7	American	17/11/2017	Put Option
Put Option	Purchased	592.00	1.7	American	17/11/2017	Put Option
Put Option	Purchased	858.00	1.7	American	17/11/2017	Put Option
Put Option	Purchased	247.00	1.7	American	17/11/2017	Put Option
Put Option	Purchased	796.00	1.7	American	17/11/2017	Put Option
Put Option	Written	2,747.00	1.8	American	17/11/2017	Put Option
Put Option	Written	4,769.00	1.8	American	17/11/2017	Put Option
Put Option	Written	592.00	1.8	American	17/11/2017	Put Option
Put Option	Written	858.00	1.8	American	17/11/2017	Put Option
Put Option	Written	247.00	1.8	American	17/11/2017	Put Option
Put Option	Written	796.00	1.8	American	17/11/2017	Put Option

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