Last checked at 19 Dec 2017 11:46
FORM 8.5 (EPT/NON-RI)
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN
EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)
Rule 8.5 of the Takeover Code (the “Code”)
1. KEY INFORMATION
| (a) | Name of exempt principal trader: | BARCLAYS CAPITAL SECURITIES LTD | |||
| (b) | Name of offeror/offeree in relation to whose | TESCO PLC | |||
| relevant securities this form relates: | |||||
| (c) | Name of the party to the offer with which exempt | TESCO PLC | |||
| principal trader is connected | |||||
| (d) | Date position held/dealing undertaken: | 18 December 2017 | |||
| (e) | In addition to the company in 1(b) above, is the exempt principal | YES: | |||
| trader making disclosures in respect of any other party to the offer? | BOOKER GROUP PLC |
2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER
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(b), 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: | 5p ordinary | ||||||||||
| Interests | Short Positions | ||||||||||
| Number | (%) | Number | (%) | ||||||||
| (1) | Relevant securities owned | ||||||||||
| and/or controlled: | 45,351,295 | 0.55% | 42,883,074 | 0.52% | |||||||
| (2) | Cash-settled derivatives: | ||||||||||
| 17,170,410 | 0.21% | 22,620,095 | 0.28% | ||||||||
| (3) | Stock-settled derivatives (including options) | ||||||||||
| and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||||||
| (4) | |||||||||||
| TOTAL: | 62,521,705 | 0.76% | 65,503,169 | 0.80% | |||||||
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 EXEMPT PRINCIPAL TRADER
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), 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 | Total number of | Highest price per unit | Lowest price per unit | |||||
| security | securities | paid/received | paid/received | ||||||
| 5p ordinary | Purchase | 2,197,023 | 2.0830 GBP | 2.051 GBP | |||||
| 5p ordinary | Sale | 2,580,782 | 2.0830 GBP | 2.051 GBP | |||||
| ADR | Purchase | 35,510 | 8.2430 USD | 8.2300 USD | |||||
| ADR | Sale | 35,510 | 8.2430 USD | 8.2300 USD |
(b) Cash-settled derivative transactions
| Class of | Product | Nature of dealing | Number of | Price per | |||||
| relevant | description | reference | unit | ||||||
| security | securities | ||||||||
| 5p ordinary | SWAP | Long | 15 | 2.0802 GBP | |||||
| 5p ordinary | SWAP | Long | 32 | 2.0659 GBP | |||||
| 5p ordinary | SWAP | Long | 100 | 2.0700 GBP | |||||
| 5p ordinary | CFD | Long | 103 | 2.0559 GBP | |||||
| 5p ordinary | SWAP | Long | 109 | 2.0757 GBP | |||||
| 5p ordinary | SWAP | Long | 110 | 2.0582 GBP | |||||
| 5p ordinary | SWAP | Long | 155 | 2.0681 GBP | |||||
| 5p ordinary | SWAP | Long | 157 | 2.0730 GBP | |||||
| 5p ordinary | SWAP | Long | 167 | 2.0765 GBP | |||||
| 5p ordinary | SWAP | Long | 382 | 2.0786 GBP | |||||
| 5p ordinary | SWAP | Long | 470 | 2.0585 GBP | |||||
| 5p ordinary | CFD | Long | 3,057 | 2.0583 GBP | |||||
| 5p ordinary | CFD | Long | 3,462 | 2.0768 GBP | |||||
| 5p ordinary | CFD | Long | 4,393 | 2.0713 GBP | |||||
| 5p ordinary | CFD | Long | 4,937 | 2.0612 GBP | |||||
| 5p ordinary | CFD | Long | 6,588 | 2.0650 GBP | |||||
| 5p ordinary | CFD | Long | 6,855 | 2.0601 GBP | |||||
| 5p ordinary | CFD | Long | 12,773 | 2.0720 GBP | |||||
| 5p ordinary | CFD | Long | 15,448 | 2.0753 GBP | |||||
| 5p ordinary | CFD | Long | 40,354 | 2.0692 GBP | |||||
| 5p ordinary | CFD | Long | 51,135 | 2.0770 GBP | |||||
| 5p ordinary | CFD | Long | 51,558 | 2.0704 GBP | |||||
| 5p ordinary | CFD | Long | 74,711 | 2.0754 GBP | |||||
| 5p ordinary | SWAP | Long | 74,711 | 2.0754 GBP | |||||
| 5p ordinary | SWAP | Long | 109,102 | 2.0610 GBP | |||||
| 5p ordinary | SWAP | Long | 143,879 | 2.0605 GBP | |||||
| 5p ordinary | SWAP | Long | 199,391 | 2.0635 GBP | |||||
| 5p ordinary | CFD | Long | 342,677 | 2.0609 GBP | |||||
| 5p ordinary | CFD | Long | 546,827 | 2.0613 GBP | |||||
| 5p ordinary | CFD | Long | 725,527 | 2.0682 GBP | |||||
| 5p ordinary | CFD | Short | 278 | 2.0665 GBP | |||||
| 5p ordinary | CFD | Short | 643 | 2.0804 GBP | |||||
| 5p ordinary | CFD | Short | 798 | 2.0640 GBP | |||||
| 5p ordinary | SWAP | Short | 800 | 2.0695 GBP | |||||
| 5p ordinary | SWAP | Short | 872 | 2.0759 GBP | |||||
| 5p ordinary | CFD | Short | 1,237 | 2.0680 GBP | |||||
| 5p ordinary | CFD | Short | 1,240 | 2.0645 GBP | |||||
| 5p ordinary | CFD | Short | 1,816 | 2.0635 GBP | |||||
| 5p ordinary | CFD | Short | 2,063 | 2.0644 GBP | |||||
| 5p ordinary | CFD | Short | 3,726 | 2.0663 GBP | |||||
| 5p ordinary | SWAP | Short | 5,278 | 2.0610 GBP | |||||
| 5p ordinary | CFD | Short | 7,461 | 2.0631 GBP | |||||
| 5p ordinary | SWAP | Short | 10,320 | 2.0664 GBP | |||||
| 5p ordinary | CFD | Short | 14,420 | 2.0605 GBP | |||||
| 5p ordinary | SWAP | Short | 22,534 | 2.0598 GBP | |||||
| 5p ordinary | CFD | Short | 27,520 | 2.0606 GBP | |||||
| 5p ordinary | CFD | Short | 37,465 | 2.0673 GBP | |||||
| 5p ordinary | CFD | Short | 63,305 | 2.0574 GBP | |||||
| 5p ordinary | CFD | Short | 77,725 | 2.0682 GBP | |||||
| 5p ordinary | CFD | Short | 109,536 | 2.0575 GBP | |||||
| 5p ordinary | CFD | Short | 116,378 | 2.0621 GBP | |||||
| 5p ordinary | SWAP | Short | 116,378 | 2.0621 GBP | |||||
| 5p ordinary | CFD | Short | 161,913 | 2.0590 GBP | |||||
| 5p ordinary | SWAP | Short | 247,366 | 2.0604 GBP | |||||
| 5p ordinary | SWAP | Short | 384,034 | 2.0597 GBP | |||||
| 5p ordinary | CFD | Short | 495,316 | 2.0617 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 exempt principal trader 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 exempt principal trader 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? | NO | |
| Date of disclosure: | 19 Dec 2017 | |
| Contact name: | Femi Badmos | |
| Telephone number: | 020 3555 1125 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
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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