Last checked at 14 Feb 2018 14:04
FORM 8.5 (EPT/NON-RI) - AMENDMENT TO PURCHASES
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: | 07 February 2018 | |||
| (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: | 32,681,282 | 0.40% | 42,748,915 | 0.52% | |||||||
| (2) | Cash-settled derivatives: | ||||||||||
| 16,229,608 | 0.20% | 11,522,431 | 0.14% | ||||||||
| (3) | Stock-settled derivatives (including options) | ||||||||||
| and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||||||
| TOTAL: | 48,910,890 | 0.59% | 54,271,346 | 0.66% | |||||||
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 | 7,056,974 | 2.0310 GBP | 1.9767 GBP | |||||
| 5p ordinary | Sale | 2,150,320 | 2.0310 GBP | 1.9767 GBP | |||||
| ADR | Purchase | 16,068 | 8.4523 GBP | 8.4423 GBP | |||||
| ADR | Sale | 16,068 | 8.4523 GBP | 8.4423 GBP |
(b) Cash-settled derivative transactions
| Class of | Product | Nature of dealing | Number of | Price per | |||||
| relevant | description | reference | unit | ||||||
| security | securities | ||||||||
| 5p ordinary | CFD | Long | 1,284 | 1.9979 GBP | |||||
| 5p ordinary | CFD | Long | 1,370 | 1.9819 GBP | |||||
| 5p ordinary | SWAP | Long | 3,212 | 2.0213 GBP | |||||
| 5p ordinary | SWAP | Long | 3,642 | 1.9827 GBP | |||||
| 5p ordinary | SWAP | Long | 6,338 | 1.9939 GBP | |||||
| 5p ordinary | CFD | Long | 11,065 | 1.9971 GBP | |||||
| 5p ordinary | CFD | Long | 12,576 | 2.0089 GBP | |||||
| 5p ordinary | SWAP | Long | 12,858 | 1.9829 GBP | |||||
| 5p ordinary | SWAP | Long | 14,277 | 1.9700 GBP | |||||
| 5p ordinary | CFD | Long | 17,730 | 1.9914 GBP | |||||
| 5p ordinary | CFD | Long | 18,997 | 2.0075 GBP | |||||
| 5p ordinary | SWAP | Long | 32,656 | 2.0160 GBP | |||||
| 5p ordinary | CFD | Long | 36,138 | 2.0198 GBP | |||||
| 5p ordinary | SWAP | Long | 44,114 | 1.9983 GBP | |||||
| 5p ordinary | CFD | Long | 52,961 | 2.0063 GBP | |||||
| 5p ordinary | CFD | Long | 54,780 | 2.0055 GBP | |||||
| 5p ordinary | SWAP Expires 09/02/2019 | Long | 57,945 | 2.0217 GBP | |||||
| 5p ordinary | CFD | Long | 60,378 | 2.0049 GBP | |||||
| 5p ordinary | CFD | Long | 90,807 | 2.0245 GBP | |||||
| 5p ordinary | SWAP | Long | 90,807 | 2.0245 GBP | |||||
| 5p ordinary | SWAP | Long | 243,864 | 2.0040 GBP | |||||
| 5p ordinary | SWAP | Long | 317,270 | 1.9852 GBP | |||||
| 5p ordinary | SWAP | Long | 390,514 | 2.0250 GBP | |||||
| 5p ordinary | SWAP | Long | 2,189,420 | 2.0220 GBP | |||||
| 5p ordinary | CFD | Short | 290 | 2.0294 GBP | |||||
| 5p ordinary | CFD | Short | 808 | 1.9968 GBP | |||||
| 5p ordinary | CFD | Short | 860 | 1.9701 GBP | |||||
| 5p ordinary | CFD | Short | 5,891 | 2.0295 GBP | |||||
| 5p ordinary | CFD | Short | 7,694 | 1.9829 GBP | |||||
| 5p ordinary | CFD | Short | 9,660 | 1.9799 GBP | |||||
| 5p ordinary | CFD | Short | 11,616 | 1.9958 GBP | |||||
| 5p ordinary | CFD | Short | 11,700 | 2.0128 GBP | |||||
| 5p ordinary | CFD | Short | 12,214 | 1.9964 GBP | |||||
| 5p ordinary | CFD | Short | 16,104 | 1.9769 GBP | |||||
| 5p ordinary | CFD | Short | 18,660 | 1.9803 GBP | |||||
| 5p ordinary | CFD | Short | 26,263 | 2.0077 GBP | |||||
| 5p ordinary | CFD | Short | 26,475 | 1.9795 GBP | |||||
| 5p ordinary | SWAP | Short | 28,898 | 1.9807 GBP | |||||
| 5p ordinary | CFD | Short | 42,399 | 1.9805 GBP | |||||
| 5p ordinary | CFD | Short | 42,950 | 1.9794 GBP | |||||
| 5p ordinary | CFD | Short | 46,409 | 1.9817 GBP | |||||
| 5p ordinary | CFD | Short | 48,433 | 2.0050 GBP | |||||
| 5p ordinary | CFD | Short | 50,686 | 2.0176 GBP | |||||
| 5p ordinary | CFD | Short | 54,794 | 1.9831 GBP | |||||
| 5p ordinary | CFD | Short | 55,102 | 2.0142 GBP | |||||
| 5p ordinary | SWAP | Short | 57,400 | 2.0252 GBP | |||||
| 5p ordinary | CFD | Short | 83,460 | 2.0251 GBP | |||||
| 5p ordinary | CFD | Short | 93,672 | 1.9844 GBP | |||||
| 5p ordinary | SWAP | Short | 95,182 | 2.0250 GBP | |||||
| 5p ordinary | CFD | Short | 98,742 | 1.9811 GBP | |||||
| 5p ordinary | CFD | Short | 116,934 | 2.0266 GBP | |||||
| 5p ordinary | SWAP | Short | 134,000 | 2.0082 GBP | |||||
| 5p ordinary | CFD | Short | 144,103 | 1.9804 GBP | |||||
| 5p ordinary | CFD | Short | 145,441 | 1.9801 GBP | |||||
| 5p ordinary | SWAP | Short | 175,619 | 1.9970 GBP | |||||
| 5p ordinary | CFD | Short | 177,946 | 2.0119 GBP | |||||
| 5p ordinary | CFD | Short | 198,283 | 1.9806 GBP | |||||
| 5p ordinary | CFD | Short | 200,000 | 2.0031 GBP | |||||
| 5p ordinary | CFD | Short | 202,926 | 2.0120 GBP | |||||
| 5p ordinary | CFD | Short | 262,984 | 1.9808 GBP | |||||
| 5p ordinary | CFD | Short | 280,142 | 2.0084 GBP | |||||
| 5p ordinary | SWAP | Short | 317,270 | 2.0070 GBP | |||||
| 5p ordinary | SWAP | Short | 584,402 | 2.0126 GBP | |||||
| 5p ordinary | CFD | Short | 595,027 | 2.0165 GBP | |||||
| 5p ordinary | CFD | Short | 844,417 | 2.0101 GBP | |||||
| 5p ordinary | CFD | Short | 1,086,756 | 2.0097 GBP | |||||
| 5p ordinary | SWAP | Short | 2,189,420 | 2.0220 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: | 14 Feb 2018 | ||
| Contact name: | Jay Supaya | ||
| Telephone number: | 020 7773 0635 |
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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