Tesco Regulatory News (TSCO)

23 Nov 2017 12:34

FORM 8.5 (EPT/NON-RI) AMENDMENT TO SALES AND 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 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:		TESCO PLC
(d) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure		20 Nov 2017
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state “N/A”		YES 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				0
				Interests				Short Positions
				Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		43,598,930		0.54%		38,497,690		0.47%
(2)		Cash-settled derivatives:
				22,098,355		0.27%		26,809,264		0.33%
(3)		Stock-settled derivatives (including options)
		and agreements to purchase/sell:		1,000,000		0.01%		1,000,000		0.01%
(4)
		TOTAL:		66,697,285		0.82%		66,306,954		0.81%

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		3,072,685		1.8815 GBP		1.8367 GBP
5p ordinary		Sale		2,689,010		1.8815 GBP		1.8367 GBP
ADR		Purchase		66,882		7.4251 USD		7.3690 USD
ADR		Sale		66,882		7.4251 USD		7.3690 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		543		1.8481 GBP
5p ordinary		CFD		Long		885		1.8530 GBP
5p ordinary		SWAP		Long		1,724		1.8789 GBP
5p ordinary		SWAP		Long		1,762		1.8604 GBP
5p ordinary		SWAP		Long		1,968		1.8422 GBP
5p ordinary		SWAP		Long		2,479		1.8559 GBP
5p ordinary		SWAP		Long		2,669		1.8590 GBP
5p ordinary		SWAP		Long		3,112		1.8479 GBP
5p ordinary		SWAP		Long		3,322		1.8568 GBP
5p ordinary		SWAP		Long		3,329		1.8522 GBP
5p ordinary		SWAP		Long		3,757		1.8724 GBP
5p ordinary		SWAP		Long		3,838		1.8678 GBP
5p ordinary		SWAP		Long		4,198		1.8709 GBP
5p ordinary		SWAP		Long		4,552		1.8688 GBP
5p ordinary		SWAP		Long		5,618		1.8496 GBP
5p ordinary		CFD		Long		5,706		1.8659 GBP
5p ordinary		SWAP		Long		6,614		1.8700 GBP
5p ordinary		SWAP		Long		8,775		1.8645 GBP
5p ordinary		CFD		Long		13,314		1.8816 GBP
5p ordinary		SWAP		Long		15,223		1.8661 GBP
5p ordinary		CFD		Long		15,797		1.8618 GBP
5p ordinary		CFD		Long		16,624		1.8722 GBP
5p ordinary		CFD		Long		17,206		1.8708 GBP
5p ordinary		CFD		Long		19,780		1.8723 GBP
5p ordinary		SWAP		Long		25,486		1.8653 GBP
5p ordinary		SWAP		Long		27,958		1.8671 GBP
5p ordinary		SWAP		Long		40,812		1.8648 GBP
5p ordinary		SWAP		Long		52,372		1.8721 GBP
5p ordinary		CFD		Long		54,417		1.8685 GBP
5p ordinary		SWAP		Long		88,860		1.8739 GBP
5p ordinary		CFD		Long		90,817		1.8601 GBP
5p ordinary		SWAP		Long		99,600		1.8452 GBP
5p ordinary		SWAP		Long		180,758		1.8686 GBP
5p ordinary		CFD		Long		185,020		1.8676 GBP
5p ordinary		SWAP		Long		242,436		1.8762 GBP
5p ordinary		SWAP		Long		281,669		1.8759 GBP
5p ordinary		SWAP		Short		100		1.8592 GBP
5p ordinary		SWAP		Short		6,614		1.8380 GBP
5p ordinary		CFD		Short		7,174		1.8678 GBP
5p ordinary		CFD		Short		15,841		1.8652 GBP
5p ordinary		CFD		Short		23,130		1.8744 GBP
5p ordinary		CFD		Short		27,443		1.8701 GBP
5p ordinary		CFD		Short		28,068		1.8752 GBP
5p ordinary		CFD		Short		51,781		1.8725 GBP
5p ordinary		CFD		Short		58,836		1.8785 GBP
5p ordinary		CFD		Short		121,125		1.8700 GBP
5p ordinary		SWAP		Short		121,125		1.8700 GBP
5p ordinary		SWAP Expires 22/11/2018		Short		125,941		1.8737 GBP
5p ordinary		SWAP Expires 15/01/2018		Short		239,500		1.8367 GBP
5p ordinary		SWAP		Short		352,470		1.8686 GBP
5p ordinary		SWAP		Short		1,519,295		1.8707 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.

143221.01

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

Full name of person making disclosure:		BARCLAYS CAPITAL SECURITIES LTD
Name of offeror/offeree in relation to whose relevant securities the disclosure relates:		TESCO PLC

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.

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