Last checked at 17 Jan 2018 11:44
FORM 8.5 (EPT/RI)
PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-
SERVING CAPACITY
Rule 8.5 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Name of exempt principal trader: | J.P. Morgan Securities Plc |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Tesco PLC |
(c) Name of the party to the offer with which exempt principal trader is connected: | Booker Group Plc |
(d) Date dealing undertaken: | 16 January 2018 |
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state "N/A" | Yes Booker Group Plc |
2. DEALINGS 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 2(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 security | Purchases/ sales
| Total number of securities
| Highest price per unit paid/received (GBP)
| Lowest price per unit paid/received (GBP)
|
Ordinary Shares
| Purchases
Sales | 14,692,879
13,489,359 | 2.1210
2.1210 | 2.0740
2.0720 |
|
|
(b) Cash-settled derivative transactions
Class of relevant security | Product description e.g. CFD | Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position | Number of reference securities | Price per unit (GBP) |
Ordinary Shares
| Equity Swaps
| Long
Short
| 67,131 12,900 162,048 185,012 27,071 246,763 11,488 23,165 1,851 248,763 37,326 5,020 96,547 112,500 56,090 60,256 31,912 728,645 1,878 6,618 58,297 3,206 102,582 27,314 14,783 24,323 130,453 8,441 18,143 17,183 54,928 6,171 4,983 262,891 115,240 3,648 294,288 260,859 52,819 10,638 51,815 6,022
3,319,177 6,893 3,452 10,316 9,254 2,499 719 1,544 354 2,702 60,000 9,969 725 5,509 6,948 7,304 9,622 2,671 100 38,112 11,836 20,487 11,625 464,318 69,148 15,367 32,247 5,701 183,000 4,231 16,019 69,497 | 2.0949 2.0954 2.1007 2.1009 2.1011 2.1015 2.1016 2.1021 2.1022 2.1023 2.1036 2.1040 2.1043 2.1047 2.1052 2.1053 2.1055 2.1059 2.1060 2.1061 2.1066 2.1075 2.1076 2.1079 2.1080 2.1081 2.1090 2.1104 2.1111 2.1134 2.1138 2.1149 2.1167 2.1173 2.1175 2.1178 2.1179 2.1185 2.1196 2.1203 2.1204 2.1206
0.1540 2.0768 2.0772 2.0780 2.0801 2.0813 2.0836 2.0841 2.0852 2.0871 2.0877 2.0899 2.0904 2.0913 2.0920 2.0931 2.0957 2.0970 2.0971 2.0974 2.1025 2.1026 2.1029 2.1031 2.1068 2.1092 2.1123 2.1124 2.1127 2.1133 2.1152 2.1181 |
(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 (GBP) | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit (GBP) |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit (GBP) |
Ordinary Shares | Call Option | Exercising | 3,319,177 | 1.96 |
(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) (GBP) |
|
(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 |
| Date of disclosure: | 17 January 2018 |
| Contact name: | Alwyn Basch |
| Telephone number: | 020 7742 7407 |
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 dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.