Last checked at 22 Jul 2016 15:00
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: | Barclays PLC. | |
| (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. | ||
| (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | J SAINSBURY PLC | |
| (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: | ||
| (e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure | 21 July 2016 | |
| (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state “N/A” | YES HOME RETAIL GROUP PLC |
2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE
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(c), 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: | |||||||||||
| Interests | Short Positions | ||||||||||
| Number | (%) | Number | (%) | ||||||||
| (1) | Relevant securities owned | ||||||||||
| and/or controlled: | 11,500,299 | 0.60% | 12,418,528 | 0.64% | |||||||
| (2) | Cash-settled derivatives: | ||||||||||
| 11,258,687 | 0.58% | 3,437,150 | 0.18% | ||||||||
| (3) | Stock-settled derivatives (including options) | ||||||||||
| and agreements to purchase/sell: | 1,000,000 | 0.05% | 0 | 0.00% | |||||||
| (4) | |||||||||||
| TOTAL: | 23,758,986 | 1.23% | 15,855,678 | 0.82% | |||||||
| Class of relevant security: | Convertible Bond XS1268412993 | ||||||||||
| Interests | Short Positions | ||||||||||
| Number | (%) | Number | (%) | ||||||||
| (1) | Relevant securities owned | ||||||||||
| and/or controlled: | 0 | 0.00% | 300,000 | 0.02% | |||||||
| (2) | Cash-settled derivatives: | ||||||||||
| 0 | 0.00% | 0 | 0.00% | ||||||||
| (3) | Stock-settled derivatives (including options) | ||||||||||
| and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||||||
| (4) | |||||||||||
| TOTAL: | 0 | 0.00% | 300,000 | 0.02% | |||||||
| Class of relevant security: | Convertible Bond XS1139087933 | ||||||||||
| Interests | Short Positions | ||||||||||
| Number | (%) | Number | (%) | ||||||||
| (1) | Relevant securities owned | ||||||||||
| and/or controlled: | 1,600,000 | 0.08% | 0 | 0.00% | |||||||
| (2) | Cash-settled derivatives: | ||||||||||
| 0 | 0.00% | 0 | 0.00% | ||||||||
| (3) | Stock-settled derivatives (including options) | ||||||||||
| and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||||||
| (4) | |||||||||||
| TOTAL: | 1,600,000 | 0.08% | 0 | 0.00% | |||||||
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 | Purchase/sale | Number of | Price per unit | ||||
| security | securities | ||||||
| ORD | Purchase | 3 | 2.2860 GBP | ||||
| ORD | Purchase | 303 | 2.2845 GBP | ||||
| ORD | Purchase | 580 | 2.2780 GBP | ||||
| ORD | Purchase | 800 | 2.2830 GBP | ||||
| ORD | Purchase | 800 | 2.2770 GBP | ||||
| ORD | Purchase | 1,320 | 2.2820 GBP | ||||
| ADR | Purchase | 1,530 | 12.0500 USD | ||||
| ORD | Purchase | 1,720 | 2.2813 GBP | ||||
| ORD | Purchase | 1,998 | 2.2827 GBP | ||||
| ORD | Purchase | 2,425 | 2.2786 GBP | ||||
| ORD | Purchase | 2,495 | 2.2734 GBP | ||||
| ORD | Purchase | 3,929 | 2.2764 GBP | ||||
| ORD | Purchase | 4,323 | 2.2794 GBP | ||||
| ORD | Purchase | 5,747 | 2.2829 GBP | ||||
| ORD | Purchase | 5,954 | 2.2776 GBP | ||||
| ORD | Purchase | 9,085 | 2.2968 GBP | ||||
| ORD | Purchase | 11,254 | 2.2817 GBP | ||||
| ORD | Purchase | 13,873 | 2.3011 GBP | ||||
| ORD | Purchase | 15,237 | 2.2831 GBP | ||||
| ORD | Purchase | 20,768 | 2.2875 GBP | ||||
| ORD | Purchase | 22,828 | 2.2801 GBP | ||||
| ORD | Purchase | 23,205 | 2.2840 GBP | ||||
| ORD | Purchase | 30,134 | 2.2818 GBP | ||||
| ORD | Purchase | 30,945 | 2.2806 GBP | ||||
| ORD | Purchase | 35,563 | 2.2863 GBP | ||||
| ADR | Purchase | 64,240 | 12.1071 USD | ||||
| ORD | Purchase | 69,979 | 2.2800 GBP | ||||
| ORD | Sale | 5 | 2.2880 GBP | ||||
| ORD | Sale | 520 | 2.2820 GBP | ||||
| ORD | Sale | 580 | 2.2780 GBP | ||||
| ORD | Sale | 740 | 2.2860 GBP | ||||
| ORD | Sale | 920 | 2.2732 GBP | ||||
| ADR | Sale | 1,530 | 12.0500 USD | ||||
| ORD | Sale | 1,632 | 2.2794 GBP | ||||
| ORD | Sale | 2,000 | 2.2770 GBP | ||||
| ORD | Sale | 2,164 | 2.2830 GBP | ||||
| ORD | Sale | 5,154 | 2.2904 GBP | ||||
| ORD | Sale | 5,712 | 2.2804 GBP | ||||
| ORD | Sale | 6,665 | 2.2803 GBP | ||||
| ORD | Sale | 7,881 | 2.2814 GBP | ||||
| ORD | Sale | 9,085 | 2.3008 GBP | ||||
| ORD | Sale | 10,394 | 2.2819 GBP | ||||
| ORD | Sale | 10,712 | 2.2817 GBP | ||||
| ORD | Sale | 11,254 | 2.2795 GBP | ||||
| ORD | Sale | 17,200 | 2.2789 GBP | ||||
| ORD | Sale | 19,591 | 2.2800 GBP | ||||
| ORD | Sale | 23,788 | 2.2851 GBP | ||||
| ORD | Sale | 35,074 | 2.2787 GBP | ||||
| ORD | Sale | 48,101 | 2.2799 GBP | ||||
| ADR | Sale | 64,240 | 12.1071 USD |
(b) Cash-settled derivative transactions
| Class of | Product | Nature of dealing | Number of | Price per | |||||
| relevant | description | reference | unit | ||||||
| security | securities | ||||||||
| ORD | CFD | Long | 5,712 | 2.2804 GBP | |||||
| ORD | CFD | Long | 6,780 | 2.2922 GBP | |||||
| ORD | CFD | Long | 9,085 | 2.3008 GBP | |||||
| ORD | CFD | Long | 11,254 | 2.2795 GBP | |||||
| ORD | SWAP | Long | 12,230 | 2.2895 GBP | |||||
| ORD | CFD | Long | 16,407 | 2.2794 GBP | |||||
| ORD | CFD | Long | 19,231 | 2.2809 GBP | |||||
| ORD | CFD | Long | 54,755 | 2.2787 GBP | |||||
| ORD | SWAP | Short | 303 | 2.2845 GBP | |||||
| ORD | SWAP | Short | 500 | 2.2860 GBP | |||||
| ORD | CFD | Short | 2,425 | 2.2786 GBP | |||||
| ORD | CFD | Short | 3,933 | 2.2806 GBP | |||||
| ORD | CFD | Short | 9,085 | 2.2968 GBP | |||||
| ORD | CFD | Short | 11,254 | 2.2817 GBP | |||||
| ORD | SWAP | Short | 11,425 | 2.2763 GBP | |||||
| ORD | CFD | Short | 13,873 | 2.3011 GBP | |||||
| ORD | SWAP | Short | 23,139 | 2.2833 GBP | |||||
| ORD | CFD | Short | 24,492 | 2.2801 GBP | |||||
| ORD | SWAP | Short | 30,134 | 2.2818 GBP | |||||
| ORD | CFD | Short | 34,846 | 2.2911 GBP | |||||
| ORD | CFD | Short | 43,095 | 2.2800 GBP | |||||
| ORD | SWAP | Short | 53,889 | 2.2820 GBP |
(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 |
| Date of disclosure: | 22 July 2016 |
| Contact name: | Pinar Coktas |
| Telephone number: | 020 7116 1165 |
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 monitoring@disclosure.org.uk. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.
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: | Barclays PLC. |
| Name of offeror/offeree in relation to whose relevant securities the disclosure relates: | J SAINSBURY PLC |
2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)
| Class | Product | Writing, | Number | Exercise | Type | Expiry | |||||||
| of | description | purchasing, | of | price | date | ||||||||
| relevant | selling, | securities | per unit | ||||||||||
| security | varying etc | to which | |||||||||||
| option | |||||||||||||
| relates | |||||||||||||
| ORD | Put Options | Written | 1,000,000 | 260.0000 | 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 +44 (0)20 7638 0129.
The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160722005443/en/
Copyright Business Wire 2016