Completion of Disposal of the Homeplus Group

RNS Number : 1128D

Tesco PLC

22 October 2015

 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

22 October 2015

Tesco PLC

(the "Company")

Completion of Disposal of the Homeplus Group

Further to the Company's previous announcement dated 30 September 2015 regarding the disposal of the Homeplus Group, as described in the circular to shareholders dated 10 September 2015 (the "Disposal"), the Company announces that all conditions to the Disposal were satisfied and the Disposal was duly completed on 22 October 2015.

Enquiries:

Tesco

Investor Relations:     Chris Griffith               [phone]

Media:                        Steve Milton               [phone]

HSBC Bank plc (Lead Financial Adviser)

Charles Packshaw                                        [phone]

Rajeev Sahney                                              [phone]

Barclays Bank PLC, acting through its Investment Bank ("Barclays")

(Financial Adviser and Sponsor)

Alisdair Gayne                                               [phone]

Mark Todd                                                     [phone]

Cautionary statement

HSBC Bank plc, which is authorised by the Prudential Regulation Authority and regulated in the United Kingdom by the Financial Conduct Authority and the Prudential Regulation Authority, is acting exclusively for Tesco and for no one else in connection with the matters described in this document and is not, and will not be, responsible to anyone other than Tesco for providing the protections afforded to its clients nor for providing advice in connection with the matters set out in this document.

Barclays, which is authorised by the Prudential Regulation Authority and regulated in the United Kingdom by the Financial Conduct Authority and the Prudential Regulation Authority, is acting exclusively for Tesco and for no one else in connection with the Disposal and will not be responsible to anyone other than Tesco for providing the protections afforded to clients of Barclays nor for providing advice in relation to the Disposal or any other matter referred to in this announcement.

 

END

 

 

DISFELFSEFISESS