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: 15 February 2018
(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: 38,103,434 0.47% 38,838,881 0.47%
           
(2) Cash-settled derivatives:
14,013,754 0.17% 17,162,211 0.21%
           
(3) Stock-settled derivatives (including options)
and agreements to purchase/sell: 0 0.00% 0 0.00%
           
 
TOTAL: 52,117,188 0.64% 56,001,092 0.68%

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 3,897,524 2.0446 GBP 2.0309 GBP
5p ordinary Sale 1,411,182 2.0405 GBP 2.0294 GBP
ADR Purchase 35,218 8.6500 GBP 8.6240 GBP
ADR Sale 35,218 8.6500 GBP 8.6240 GBP

(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 300 2.0420 GBP
5p ordinary SWAP Long 1,100 2.0450 GBP
5p ordinary SWAP Long 3,173 2.0260 GBP
5p ordinary CFD Long 14,880 2.0333 GBP
5p ordinary CFD Long 21,508 2.0375 GBP
5p ordinary CFD Long 53,815 2.0347 GBP
5p ordinary CFD Long 63,567 2.0369 GBP
5p ordinary SWAP Long 63,567 2.0369 GBP
5p ordinary CFD Long 66,887 2.0358 GBP
5p ordinary SWAP Expires 19/02/2019 Long 113,101 2.0365 GBP
5p ordinary SWAP Long 191,491 2.0345 GBP
5p ordinary SWAP Long 266,511 2.0380 GBP
5p ordinary SWAP Short 1,355 2.0397 GBP
5p ordinary SWAP Short 2,532 2.0362 GBP
5p ordinary SWAP Short 4,046 2.0434 GBP
5p ordinary SWAP Short 6,056 2.0408 GBP
5p ordinary SWAP Short 13,345 2.0422 GBP
5p ordinary CFD Short 20,762 2.0309 GBP
5p ordinary CFD Short 21,938 2.0395 GBP
5p ordinary SWAP Short 23,944 2.0374 GBP
5p ordinary CFD Short 26,327 2.0338 GBP
5p ordinary SWAP Short 31,727 2.0370 GBP
5p ordinary SWAP Short 34,436 2.0399 GBP
5p ordinary SWAP Short 41,809 2.0380 GBP
5p ordinary CFD Short 46,125 2.0363 GBP
5p ordinary SWAP Short 49,494 2.0368 GBP
5p ordinary SWAP Short 53,280 2.0372 GBP
5p ordinary CFD Short 60,703 2.0360 GBP
5p ordinary SWAP Short 66,000 2.0378 GBP
5p ordinary SWAP Short 83,602 2.0402 GBP
5p ordinary SWAP Short 89,122 2.0351 GBP
5p ordinary CFD Short 166,416 2.0386 GBP
5p ordinary CFD Short 184,093 2.0369 GBP
5p ordinary SWAP Short 252,796 2.0390 GBP
5p ordinary SWAP Short 323,229 2.0373 GBP
5p ordinary CFD Short 451,401 2.0371 GBP
5p ordinary SWAP Short 451,401 2.0371 GBP
5p ordinary CFD Short 822,624 2.0384 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?   NO
Date of disclosure: 16 Feb 2018
Contact name: Elise Tang
Telephone number: 0207 1163 001

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.

Short Name: BARCLAYS PLC
Category Code: FEO
Sequence Number: 641544
Time of Receipt (offset from UTC): 20180216T101241+0000

Contacts

BARCLAYS PLC

Contacts

BARCLAYS PLC