Barclays Regulatory News (BARC)

1 Aug 2016 14:23

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 interest and short
		positions disclosed, if different from 1(a):
(c)		Name of offeror/offeree in relation to whose		J SAINSBURY PLC
		relevant securities this form relates:
(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:		29 July 2016
(f)		In addition to the company in 1(c) above, is the discloser making		YES:
		disclosures in respect of any other party to the offer?		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:				ORD
				Interests				Short Positions
				Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		12,777,128		0.66%		11,900,573		0.62%
(2)		Cash-settled derivatives:
				10,578,173		0.55%		4,336,986		0.23%
(3)		Stock-settled derivatives (including options)
		and agreements to purchase/sell:		1,000,000		0.05%		0		0.00%
		TOTAL:		24,355,301		1.26%		16,237,559		0.84%
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%
		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%
		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		2.2315 GBP
ORD		Purchase		7		2.2305 GBP
ORD		Purchase		47		2.2470 GBP
ORD		Purchase		401		2.2410 GBP
ORD		Purchase		500		2.2520 GBP
ADR		Purchase		728		12.0900 USD
ORD		Purchase		848		2.2350 GBP
ADR		Purchase		1,000		12.0460 USD
ORD		Purchase		1,119		2.2375 GBP
ORD		Purchase		1,229		2.2295 GBP
ORD		Purchase		1,229		2.2385 GBP
ORD		Purchase		1,604		2.2280 GBP
ORD		Purchase		1,647		2.2290 GBP
ORD		Purchase		3,019		2.2330 GBP
ORD		Purchase		3,571		2.2300 GBP
ORD		Purchase		4,612		2.2320 GBP
ORD		Purchase		5,651		2.2380 GBP
ORD		Purchase		6,806		2.2340 GBP
ORD		Purchase		7,669		2.2370 GBP
ORD		Purchase		7,865		2.2310 GBP
ORD		Purchase		8,001		2.2348 GBP
ORD		Purchase		11,738		2.2355 GBP
ORD		Purchase		12,665		2.2360 GBP
ORD		Purchase		48,614		2.2306 GBP
ORD		Purchase		59,588		2.2430 GBP
ORD		Purchase		61,729		2.2390 GBP
ORD		Purchase		87,564		2.2386 GBP
ORD		Purchase		113,588		2.2404 GBP
ORD		Purchase		160,935		2.2400 GBP
ORD		Sale		3		2.2315 GBP
ORD		Sale		7		2.2305 GBP
ORD		Sale		102		2.2411 GBP
ORD		Sale		278		2.2412 GBP
ORD		Sale		338		2.2370 GBP
ORD		Sale		410		2.2518 GBP
ORD		Sale		422		2.2410 GBP
ORD		Sale		614		2.2295 GBP
ADR		Sale		728		12.0900 USD
ADR		Sale		1,000		12.0460 USD
ORD		Sale		1,010		2.2300 GBP
ORD		Sale		1,119		2.2375 GBP
ORD		Sale		1,229		2.2390 GBP
ORD		Sale		1,229		2.2385 GBP
ORD		Sale		1,604		2.2280 GBP
ORD		Sale		1,765		2.2380 GBP
ORD		Sale		2,035		2.2288 GBP
ORD		Sale		2,666		2.2310 GBP
ORD		Sale		2,833		2.2320 GBP
ORD		Sale		3,093		2.2318 GBP
ORD		Sale		4,795		2.2400 GBP
ORD		Sale		6,346		2.2352 GBP
ORD		Sale		7,083		2.2364 GBP
ORD		Sale		8,178		2.2381 GBP
ORD		Sale		13,195		2.2360 GBP
ORD		Sale		14,305		2.2384 GBP
ORD		Sale		26,739		2.2427 GBP
ORD		Sale		35,593		2.2368 GBP
ORD		Sale		51,128		2.2404 GBP
ORD		Sale		53,571		2.2424 GBP

(b) Cash-settled derivative transactions

Class of		Product		Nature of dealing		Number of		Price per
relevant		description				reference		unit
security						securities
ORD		SWAP		Long		100		2.2320 GBP
ORD		CFD		Long		410		2.2518 GBP
ORD		CFD		Long		2,000		2.2390 GBP
ORD		CFD		Long		3,285		2.2303 GBP
ORD		SWAP		Long		6,346		2.2352 GBP
ORD		SWAP		Long		8,557		2.2383 GBP
ORD		CFD		Long		4,364		2.2257 GBP
ORD		CFD		Long		18,777		2.2377 GBP
ORD		CFD		Long		26,739		2.2427 GBP
ORD		CFD		Long		30,043		2.2381 GBP
ORD		CFD		Long		51,128		2.2405 GBP
ORD		CFD		Long		53,571		2.2424 GBP
ORD		CFD		Short		1,456		2.2411 GBP
ORD		SWAP		Short		18,712		2.2371 GBP
ORD		CFD		Short		44,487		2.2360 GBP
ORD		SWAP		Short		48,614		2.2306 GBP
ORD		SWAP		Short		63,849		2.2386 GBP
ORD		CFD		Short		32,578		2.2410 GBP
ORD		SWAP		Short		261,505		2.2407 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:		1 Aug 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

Identity of the person whose positions/dealings		Barclays PLC.
are being disclosed:
Name of offeror/offeree in relation to whose		J SAINSBURY PLC
relevant securities this from relates:

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.

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