Barclays Regulatory News (BARC)

16 Aug 2016 15:04

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:		15 August 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:		14,281,980		0.74%		12,203,369		0.63%
(2)		Cash-settled derivatives:
				11,184,121		0.58%		5,956,576		0.31%
(3)		Stock-settled derivatives (including options)
		and agreements to purchase/sell:		1,300,000		0.07%		0		0.00%
		TOTAL:		26,766,101		1.39%		18,159,945		0.94%

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:		3,100,000		0.16%		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:		3,100,000		0.16%		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		178		2.3535 GBP
ORD		Purchase		800		2.3580 GBP
ORD		Purchase		958		2.3666 GBP
ORD		Purchase		1,003		2.3569 GBP
ORD		Purchase		1,100		2.3565 GBP
ORD		Purchase		1,390		2.3550 GBP
ORD		Purchase		1,457		2.3640 GBP
ORD		Purchase		1,846		2.3560 GBP
ORD		Purchase		2,500		2.3545 GBP
ORD		Purchase		2,625		2.3590 GBP
ORD		Purchase		2,853		2.3668 GBP
ORD		Purchase		2,925		2.3563 GBP
ORD		Purchase		3,207		2.3620 GBP
ORD		Purchase		3,609		2.3583 GBP
ORD		Purchase		4,017		2.3557 GBP
ORD		Purchase		4,131		2.3630 GBP
ADR		Purchase		4,200		12.2704 USD
ORD		Purchase		4,343		2.3540 GBP
ORD		Purchase		4,684		2.3600 GBP
ORD		Purchase		5,070		2.3610 GBP
ORD		Purchase		6,192		2.3585 GBP
ORD		Purchase		7,241		2.3530 GBP
ORD		Purchase		8,200		2.3596 GBP
ORD		Purchase		8,375		2.3570 GBP
ORD		Purchase		8,740		2.3520 GBP
ORD		Purchase		8,936		2.3624 GBP
ORD		Purchase		9,892		2.3525 GBP
ORD		Purchase		10,949		2.3562 GBP
ORD		Purchase		12,126		2.3510 GBP
ORD		Purchase		14,688		2.3505 GBP
ORD		Purchase		16,845		2.3500 GBP
ORD		Purchase		21,998		2.3515 GBP
ORD		Purchase		23,276		2.3821 GBP
ORD		Purchase		593,174		2.3490 GBP
ORD		Sale		178		2.3535 GBP
ORD		Sale		800		2.3580 GBP
ORD		Sale		1,200		2.3490 GBP
ORD		Sale		1,457		2.3640 GBP
ORD		Sale		1,846		2.3560 GBP
ORD		Sale		2,500		2.3545 GBP
ORD		Sale		2,625		2.3590 GBP
ORD		Sale		2,895		2.3540 GBP
ORD		Sale		2,946		2.3610 GBP
ORD		Sale		3,207		2.3620 GBP
ORD		Sale		3,670		2.3571 GBP
ORD		Sale		4,131		2.3630 GBP
ADR		Sale		4,200		12.2704 USD
ORD		Sale		4,684		2.3600 GBP
ORD		Sale		6,071		2.3575 GBP
ORD		Sale		6,658		2.3536 GBP
ORD		Sale		7,881		2.3570 GBP
ORD		Sale		8,740		2.3520 GBP
ORD		Sale		10,016		2.3484 GBP
ORD		Sale		10,503		2.3532 GBP
ORD		Sale		14,688		2.3505 GBP
ORD		Sale		17,288		2.3500 GBP
ORD		Sale		18,739		2.3565 GBP
ORD		Sale		21,998		2.3515 GBP
ORD		Sale		27,656		2.3556 GBP
ORD		Sale		37,768		2.3591 GBP
ORD		Sale		42,024		2.3510 GBP
ORD		Sale		53,945		2.3530 GBP
ORD		Sale		62,786		2.3516 GBP
ORD		Sale		65,433		2.3521 GBP
ORD		Sale		72,917		2.3499 GBP
ORD		Sale		92,445		2.3528 GBP
ORD		Sale		103,665		2.3573 GBP
ORD		Sale		138,765		2.3525 GBP
ORD		Sale		144,862		2.3578 GBP
ORD		Sale		160,806		2.3526 GBP

(b) Cash-settled derivative transactions

Class of		Product		Nature of dealing		Number of		Price per
relevant		description				reference		unit
security						securities
ORD		CFD		Long		1,200		2.3817 GBP
ORD		SWAP		Long		3,100		2.3497 GBP
ORD		SWAP		Long		6,250		2.3561 GBP
ORD		CFD		Long		10,016		2.3484 GBP
ORD		CFD		Long		10,503		2.3532 GBP
ORD		CFD		Long		12,190		2.3637 GBP
ORD		CFD		Long		15,208		2.3597 GBP
ORD		CFD		Long		27,656		2.3556 GBP
ORD		CFD		Long		72,917		2.3499 GBP
ORD		SWAP		Long		82,947		2.3567 GBP
ORD		CFD		Long		186,139		2.3572 GBP
ORD		CFD		Short		1,003		2.3569 GBP
ORD		SWAP		Short		1,399		2.3515 GBP
ORD		SWAP		Short		2,400		2.3702 GBP
ORD		CFD		Short		2,925		2.3563 GBP
ORD		CFD		Short		8,400		2.3550 GBP
ORD		SWAP		Short		10,881		2.3596 GBP
ORD		CFD		Short		23,276		2.3821 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:		16 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

ORD

Call Options

Purchased

300,000

230.0000

American

16 Sep 2016

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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