Last checked at 23 Nov 2017 10:36
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: | 22 November 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: | 42,633,030 | 0.52% | 44,925,145 | 0.55% | |||||||
| (2) | Cash-settled derivatives: | ||||||||||
| 26,751,968 | 0.33% | 24,074,618 | 0.29% | ||||||||
| (3) | Stock-settled derivatives (including options) | ||||||||||
| and agreements to purchase/sell: | 1,000,000 | 0.01% | 1,000,000 | 0.01% | |||||||
| (4) | |||||||||||
| TOTAL: | 70,384,998 | 0.86% | 69,999,763 | 0.85% | |||||||
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 | 2,904,412 | 1.9520 GBP | 1.8855 GBP | |||||
| 5p ordinary | Sale | 7,482,804 | 1.9520 GBP | 1.8865 GBP | |||||
| ADR | Purchase | 44,091 | 7.7018 USD | 7.6875 USD | |||||
| ADR | Sale | 44,091 | 7.7018 USD | 7.6875 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 | 1,356 | 1.9180 GBP | |||||
| 5p ordinary | SWAP | Long | 2,931 | 1.9199 GBP | |||||
| 5p ordinary | SWAP | Long | 4,453 | 1.9371 GBP | |||||
| 5p ordinary | SWAP | Long | 6,795 | 1.9147 GBP | |||||
| 5p ordinary | SWAP | Long | 11,122 | 1.9242 GBP | |||||
| 5p ordinary | SWAP | Long | 11,758 | 1.9395 GBP | |||||
| 5p ordinary | SWAP | Long | 15,812 | 1.9290 GBP | |||||
| 5p ordinary | SWAP | Long | 19,197 | 1.9328 GBP | |||||
| 5p ordinary | SWAP | Long | 24,229 | 1.9302 GBP | |||||
| 5p ordinary | SWAP | Long | 28,424 | 1.9434 GBP | |||||
| 5p ordinary | CFD | Long | 35,803 | 1.9380 GBP | |||||
| 5p ordinary | SWAP | Long | 37,924 | 1.9301 GBP | |||||
| 5p ordinary | SWAP | Long | 37,995 | 1.9326 GBP | |||||
| 5p ordinary | SWAP | Long | 39,378 | 1.9432 GBP | |||||
| 5p ordinary | CFD | Long | 39,559 | 1.9254 GBP | |||||
| 5p ordinary | SWAP | Long | 40,481 | 1.9400 GBP | |||||
| 5p ordinary | SWAP | Long | 41,158 | 1.9204 GBP | |||||
| 5p ordinary | CFD | Long | 54,942 | 1.9438 GBP | |||||
| 5p ordinary | SWAP | Long | 60,523 | 1.8867 GBP | |||||
| 5p ordinary | SWAP | Long | 62,272 | 1.9367 GBP | |||||
| 5p ordinary | CFD | Long | 97,088 | 1.9439 GBP | |||||
| 5p ordinary | SWAP | Long | 132,894 | 1.9440 GBP | |||||
| 5p ordinary | CFD | Long | 198,467 | 1.9419 GBP | |||||
| 5p ordinary | SWAP | Long | 308,297 | 1.9257 GBP | |||||
| 5p ordinary | CFD | Long | 332,684 | 1.9202 GBP | |||||
| 5p ordinary | SWAP | Long | 340,435 | 1.9430 GBP | |||||
| 5p ordinary | CFD | Long | 350,242 | 1.9341 GBP | |||||
| 5p ordinary | SWAP | Long | 350,242 | 1.9341 GBP | |||||
| 5p ordinary | CFD | Long | 379,411 | 1.9282 GBP | |||||
| 5p ordinary | SWAP | Long | 511,429 | 1.9362 GBP | |||||
| 5p ordinary | CFD | Long | 535,079 | 1.9378 GBP | |||||
| 5p ordinary | SWAP | Long | 535,079 | 1.9378 GBP | |||||
| 5p ordinary | SWAP | Long | 1,117,795 | 1.9264 GBP | |||||
| 5p ordinary | CFD | Short | 10 | 1.9420 GBP | |||||
| 5p ordinary | CFD | Short | 100 | 1.9357 GBP | |||||
| 5p ordinary | SWAP | Short | 100 | 1.9442 GBP | |||||
| 5p ordinary | CFD | Short | 263 | 1.9423 GBP | |||||
| 5p ordinary | CFD | Short | 275 | 1.9445 GBP | |||||
| 5p ordinary | CFD | Short | 353 | 1.9425 GBP | |||||
| 5p ordinary | CFD | Short | 805 | 1.9255 GBP | |||||
| 5p ordinary | CFD | Short | 4,847 | 1.9438 GBP | |||||
| 5p ordinary | CFD | Short | 4,917 | 1.9183 GBP | |||||
| 5p ordinary | CFD | Short | 5,405 | 1.9227 GBP | |||||
| 5p ordinary | SWAP | Short | 6,190 | 1.8855 GBP | |||||
| 5p ordinary | CFD | Short | 9,713 | 1.9231 GBP | |||||
| 5p ordinary | CFD | Short | 11,745 | 1.8941 GBP | |||||
| 5p ordinary | SWAP | Short | 18,300 | 1.9339 GBP | |||||
| 5p ordinary | SWAP | Short | 19,302 | 1.9451 GBP | |||||
| 5p ordinary | CFD | Short | 23,845 | 1.9157 GBP | |||||
| 5p ordinary | SWAP | Short | 69,639 | 1.9128 GBP | |||||
| 5p ordinary | CFD | Short | 102,606 | 1.9417 GBP | |||||
| 5p ordinary | SWAP Expires 24/11/2018 | Short | 130,933 | 1.9426 GBP | |||||
| 5p ordinary | SWAP | Short | 382,669 | 1.9402 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? | YES | ||
| Date of disclosure: | 23 Nov 2017 | ||
| 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.
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 CAPITAL SECURITIES LTD | ||
| are being disclosed: | |||
| Name of offeror/offeree in relation to whose | TESCO 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 | |||||||||||||
| 5p ordinary | Call Options | Purchased | 1,000,000 | 185.0000 | American | 15 Dec 2017 | |||||||
| 5p ordinary | Put Options | Purchased | -1,000,000 | 185.0000 | 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/20171123005122/en/
Copyright Business Wire 2017