Form 8.5 (EPT/NON-RI) - TESCO PLC

LONDON--()--

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: 27 January 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:       ORD            
Interests   Short Positions  
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 36,680,536 0.45% 20,161,072 0.25%
           
(2) Cash-settled derivatives:
13,667,641 0.17% 19,517,097 0.24%
           
(3) Stock-settled derivatives (including options)
and agreements to purchase/sell: 0 0.00% 0 0.00%
           
(4)
TOTAL: 50,348,177 0.62% 39,678,169 0.49%

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 ORD Purchase 9,553,685 2.1047 GBP 2.0225 GBP
5p ORD Sale 23,082,730 2.1047 GBP 2.0022 GBP
ADR Purchase 29,298 7.8264 USD 7.75 USD
ADR Sale 29,298 7.8264 USD 7.75 USD

(b) Cash-settled derivative transactions

Class of   Product   Nature of dealing   Number of   Price per
relevant description reference unit
security     securities  
5p ORD CFD Long 100 2.0718 GBP
5p ORD CFD Long 100 2.0878 GBP
5p ORD CFD Long 12,104 2.0904 GBP
5p ORD CFD Long 15,000 2.0706 GBP
5p ORD CFD Long 15,000 2.0738 GBP
5p ORD CFD Long 15,000 2.0823 GBP
5p ORD CFD Long 15,000 2.0853 GBP
5p ORD CFD Long 25,000 2.0688 GBP
5p ORD CFD Long 25,000 2.0778 GBP
5p ORD CFD Long 25,000 2.0793 GBP
5p ORD CFD Long 25,000 2.0808 GBP
5p ORD CFD Long 25,000 2.0814 GBP
5p ORD CFD Long 25,000 2.0835 GBP
5p ORD CFD Long 25,000 2.0848 GBP
5p ORD CFD Long 25,000 2.0898 GBP
5p ORD CFD Long 29,845 2.0653 GBP
5p ORD CFD Long 43,645 2.0547 GBP
5p ORD CFD Long 50,000 2.0774 GBP
5p ORD CFD Long 50,000 2.0788 GBP
5p ORD CFD Long 50,000 2.0838 GBP
5p ORD CFD Long 50,000 2.0893 GBP
5p ORD CFD Long 50,000 2.0918 GBP
5p ORD CFD Long 50,000 2.0944 GBP
5p ORD CFD Long 57,401 2.0632 GBP
5p ORD CFD Long 60,913 2.0613 GBP
5p ORD SWAP Long 63,086 2.0786 GBP
5p ORD CFD Long 75,000 2.0813 GBP
5p ORD CFD Long 82,722 2.0601 GBP
5p ORD SWAP Long 99,393 2.0543 GBP
5p ORD CFD Long 121,205 2.0676 GBP
5p ORD CFD Long 183,662 2.0818 GBP
5p ORD SWAP Long 183,662 2.0818 GBP
5p ORD SWAP Long 254,961 2.0726 GBP
5p ORD SWAP Long 312,505 2.0811 GBP
5p ORD CFD Long 343,294 2.0929 GBP
5p ORD SWAP Long 605,957 2.0556 GBP
5p ORD CFD Long 758,439 2.0654 GBP
5p ORD CFD Long 767,466 2.0603 GBP
5p ORD SWAP Long 846,312 2.0680 GBP
5p ORD CFD Long 1,382,651 2.0685 GBP
5p ORD CFD Long 1,696,447 2.0703 GBP
5p ORD CFD Long 5,891,679 2.0655 GBP
5p ORD SWAP Long 5,891,679 2.0655 GBP
5p ORD SWAP Short 8 2.0612 GBP
5p ORD SWAP Short 515 2.1032 GBP
5p ORD SWAP Short 4,207 2.0573 GBP
5p ORD CFD Short 16,040 2.0371 GBP
5p ORD SWAP Short 16,060 2.0400 GBP
5p ORD CFD Short 23,025 2.0656 GBP
5p ORD SWAP Short 27,002 2.0686 GBP
5p ORD SWAP Short 32,313 2.0499 GBP
5p ORD CFD Short 32,384 2.0401 GBP
5p ORD SWAP Short 34,096 2.0737 GBP
5p ORD SWAP Short 34,575 2.0539 GBP
5p ORD SWAP Short 45,721 2.0603 GBP
5p ORD CFD Short 50,000 2.0741 GBP
5p ORD CFD Short 50,000 2.0774 GBP
5p ORD SWAP Short 53,350 2.0696 GBP
5p ORD SWAP Short 60,523 2.0563 GBP
5p ORD SWAP Short 67,781 2.0578 GBP
5p ORD SWAP Short 76,593 2.0721 GBP
5p ORD SWAP Short 79,660 2.0461 GBP
5p ORD SWAP Short 87,151 2.0633 GBP
5p ORD SWAP Short 115,657 2.0583 GBP
5p ORD CFD Short 115,995 2.0446 GBP
5p ORD SWAP Short 130,031 2.0778 GBP
5p ORD SWAP Short 142,292 2.0610 GBP
5p ORD SWAP Short 245,915 2.0674 GBP
5p ORD SWAP Short 254,929 2.0728 GBP
5p ORD SWAP Short 465,137 2.0661 GBP
5p ORD SWAP Short 565,532 2.0478 GBP
5p ORD SWAP Short 977,576 2.0765 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: 30 Jan 2017
Contact name: Hemika Mistry
Telephone number: 020 7116 3891

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

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      
ORD Call Options Purchased 1,943,618 2.4248 European 7 Apr 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.

Short Name: BARCLAYS PLC
Category Code: FEO
Sequence Number: 576064
Time of Receipt (offset from UTC): 20170130T111637+0000

Contacts

BARCLAYS PLC

Contacts

BARCLAYS PLC