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Company Announcements

Form 8.3 -Tesco Plc

Related Companies

By LSE RNS

RNS Number : 0556M

BNP Paribas London

25 July 2017

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

1. KEY INFORMATION

(a) Full name of discloser:	BNP PARIBAS GROUP SA
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	TESCO PLC
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
(e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure	24 July 2017
(f) In addition to the company in 1(c) above, is the discloser 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 If YES, specify which: Booker Group Plc

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

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(c), 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:	ORDINARY SHARES (ISIN: GB0008847096)
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	2,932,633	0.04
(2) Cash-settled derivatives:			18,682,635	0.23
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	7,700,000	0.09	10,990,000	0.13
TOTAL:	10,632,633	0.13	29,672,635	0.36

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 PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), 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 security	Purchase/sale	Number of securities	Price per unit
GB0008847096	Purchase	3753	GBP 1.7250
GB0008847096	Purchase	7320	GBP 1.7255
GB0008847096	Purchase	2108	GBP 1.7260
GB0008847096	Purchase	1037	GBP 1.7265
GB0008847096	Purchase	451900	GBP 1.7275
GB0008847096	Purchase	589	GBP 1.7280
GB0008847096	Purchase	4294	GBP 1.7290
GB0008847096	Purchase	4241	GBP 1.7295
GB0008847096	Purchase	1818	GBP 1.7300
GB0008847096	Purchase	1081	GBP 1.7305
GB0008847096	Purchase	1594	GBP 1.7310
GB0008847096	Purchase	1049	GBP 1.7315
GB0008847096	Purchase	1387	GBP 1.7335
GB0008847096	Purchase	1648	GBP 1.7340
GB0008847096	Purchase	1577	GBP 1.7345
GB0008847096	Purchase	1748	GBP 1.7365
GB0008847096	Purchase	1915	GBP 1.7370
GB0008847096	Purchase	1159	GBP 1.7375
GB0008847096	Purchase	1192	GBP 1.7380
GB0008847096	Purchase	335	GBP 1.7385
GB0008847096	Purchase	1066	GBP 1.7400
GB0008847096	Purchase	6990	GBP 1.7490
GB0008847096	Purchase	161002	GBP 1.7520
GB0008847096	Purchase	300	GBP 1.7540
GB0008847096	Sale	37405	GBP 1.7250
GB0008847096	Sale	1224	GBP 1.7255
GB0008847096	Sale	2589	GBP 1.7260
GB0008847096	Sale	156586	GBP 1.7275
GB0008847096	Sale	2000	GBP 1.7280
GB0008847096	Sale	8610	GBP 1.7285
GB0008847096	Sale	12754	GBP 1.7300
GB0008847096	Sale	1394	GBP 1.7315
GB0008847096	Sale	16851	GBP 1.7330
GB0008847096	Sale	6511	GBP 1.7345
GB0008847096	Sale	1292	GBP 1.7350
GB0008847096	Sale	11492	GBP 1.7365
GB0008847096	Sale	1737	GBP 1.7380
GB0008847096	Sale	6419	GBP 1.7450
GB0008847096	Sale	4281	GBP 1.7455
GB0008847096	Sale	7850	GBP 1.7460
GB0008847096	Sale	3500	GBP 1.7470
GB0008847096	Sale	13649	GBP 1.7475
GB0008847096	Sale	11876	GBP 1.7480
GB0008847096	Sale	4859	GBP 1.7485
GB0008847096	Sale	6169	GBP 1.7505
GB0008847096	Sale	26782	GBP 1.7510
GB0008847096	Sale	1056	GBP 1.7515
GB0008847096	Sale	1221	GBP 1.7520
GB0008847096	Sale	2558	GBP 1.7535
GB0008847096	Sale	1029	GBP 1.7565

(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

(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 person 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 person 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

Is a Supplemental Form 8 (Open Positions) attached?

YES

Date of disclosure:	25 July 2017
Contact name:	Gareth Truong
Telephone number:	0207 595 9695

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

Full name of person making disclosure:	BNP PARIBAS GROUP SA
Name of offeror/offeree in relation to whose relevant securities the disclosure relates:	TESCO PLC

2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)

Class of relevant security	Product description e.g. call option	Written or purchased	Number of securities to which option or derivative relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date
Ordinary shares	Put Option	Purchased	1,000,000	GBp100	American	18/09/2020
Ordinary shares	Put Option	Purchased	4,340,000	GBp180	American	15/12/2017
Ordinary shares	Put Option	Purchased	1,500,000	GBp160	American	21/12/2018
Ordinary shares	Call Option	Written	50,000	GBp195	American	21/07/2017
Ordinary shares	Call Option	Written	4,100,000	GBp230	American	15/09/2017
Ordinary shares	Put Option	Written	1,000,000	GBp190	American	17/12/2017
Ordinary shares	Put Option	Written	2,000,000	GBp100	American	18/12/2020
Ordinary shares	Put Option	Written	3,000,000	GBp100	American	16/10/2020
Ordinary shares	Put Option	Written	1,700,000	GBp100	American	18/12/2020

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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

RETGMGZNDKMGNZM

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