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: 05 December 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: 43,832,328 0.54% 48,901,293 0.60%
 

 

       
(2) Cash-settled derivatives:
23,624,558 0.29% 22,783,020 0.28%
           
(3) Stock-settled derivatives (including options)
and agreements to purchase/sell: 1,000,000 0.01% 1,000,000 0.01%
           
(4)
TOTAL: 68,456,886 0.84% 72,684,313 0.89%

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 11,261,996 2.0460 GBP 2.0031 GBP
5p ordinary Sale 10,292,510 2.0460 GBP 2.0107 GBP
ADR Purchase 48,045 8.1327 USD 8.065 USD
ADR Sale 48,045 8.1327 USD 8.065 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 178 2.0272 GBP
5p ordinary CFD Long 1,462 2.0174 GBP
5p ordinary CFD Long 11,308 2.0249 GBP
5p ordinary CFD Long 22,258 2.0285 GBP
5p ordinary CFD Long 32,579 2.0364 GBP
5p ordinary CFD Long 32,705 2.0390 GBP
5p ordinary CFD Long 35,000 2.0231 GBP
5p ordinary CFD Long 35,000 2.0353 GBP
5p ordinary CFD Long 35,000 2.0358 GBP
5p ordinary CFD Long 35,000 2.0363 GBP
5p ordinary CFD Long 40,500 2.0143 GBP
5p ordinary CFD Long 50,000 2.0099 GBP
5p ordinary CFD Long 50,000 2.0153 GBP
5p ordinary CFD Long 50,000 2.0198 GBP
5p ordinary CFD Long 50,000 2.0263 GBP
5p ordinary CFD Long 50,000 2.0308 GBP
5p ordinary CFD Long 50,000 2.0379 GBP
5p ordinary CFD Long 50,000 2.0403 GBP
5p ordinary CFD Long 70,664 2.0230 GBP
5p ordinary SWAP Long 72,731 2.0100 GBP
5p ordinary CFD Long 100,000 2.0442 GBP
5p ordinary CFD Long 239,328 2.0261 GBP
5p ordinary SWAP Long 254,213 2.0214 GBP
5p ordinary SWAP Long 316,755 2.0245 GBP
5p ordinary SWAP Long 393,743 2.0287 GBP
5p ordinary CFD Long 567,061 2.0182 GBP
5p ordinary CFD Long 848,321 2.0264 GBP
5p ordinary SWAP Short 82 2.0218 GBP
5p ordinary SWAP Short 146 2.0272 GBP
5p ordinary SWAP Short 206 2.0249 GBP
5p ordinary SWAP Short 1,354 2.0216 GBP
5p ordinary SWAP Short 1,410 2.0209 GBP
5p ordinary SWAP Short 1,888 2.0219 GBP
5p ordinary CFD Short 3,837 2.0202 GBP
5p ordinary SWAP Short 3,996 2.0228 GBP
5p ordinary SWAP Short 4,991 2.0221 GBP
5p ordinary SWAP Short 5,753 2.0303 GBP
5p ordinary SWAP Short 10,700 2.0193 GBP
5p ordinary SWAP Short 18,146 2.0223 GBP
5p ordinary SWAP Short 19,748 2.0321 GBP
5p ordinary CFD Short 27,220 2.0322 GBP
5p ordinary SWAP Short 28,393 2.0195 GBP
5p ordinary CFD Short 32,778 2.0208 GBP
5p ordinary SWAP Short 34,019 2.0231 GBP
5p ordinary SWAP Short 35,846 2.0158 GBP
5p ordinary SWAP Short 41,042 2.0217 GBP
5p ordinary CFD Short 45,000 2.0031 GBP
5p ordinary SWAP Short 55,438 2.0298 GBP
5p ordinary CFD Short 62,140 2.0101 GBP
5p ordinary SWAP Short 62,140 2.0101 GBP
5p ordinary CFD Short 105,836 2.0187 GBP
5p ordinary SWAP Short 148,059 2.0264 GBP
5p ordinary SWAP Short 232,574 2.0320 GBP
5p ordinary SWAP Short 402,829 2.0281 GBP
5p ordinary CFD Short 426,052 2.0184 GBP
5p ordinary SWAP Short 426,052 2.0184 GBP
5p ordinary SWAP Short 1,378,321 2.0142 GBP
5p ordinary SWAP Short 1,524,211 2.0235 GBP
5p ordinary CFD Short 1,832,901 2.0241 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: 6 Dec 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.

Short Name: BARCLAYS PLC
Category Code: FEO
Sequence Number: 637009
Time of Receipt (offset from UTC): 20171206T105801+0000

Contacts

BARCLAYS PLC

Contacts

BARCLAYS PLC