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Form 8.3 - Tesco Plc

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By LSE RNS

RNS Number : 2976M

Societe Generale SA

27 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:	Société Générale S.A.
(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	26/07/2017
(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: 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: 21,791,934 Shares Interests and 33,358,165 short position ADR (referencing the ordinary): 1,500 equivalent Shares interests and 0 equivalent Shares as short position Where (1 ADR = 3 ordinary shares)
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	21,793,434	0.27	33,358,165	0.41
(2) Cash-settled derivatives:	34,976,309	0.43	5,879,600	0.07
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	7,940,000	0.10	14,829,000	0.18
TOTAL:	64,709,743	0.79	54,066,765	0.66

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 GBP
Ordinary	Purchase	33,094	1.738
Ordinary	Purchase	1,351	1.7385
Ordinary	Purchase	4	1.7385
Ordinary	Purchase	2,843	1.738
Ordinary	Purchase	1,938	1.7405
Ordinary	Purchase	1,581	1.74
Ordinary	Purchase	3,000	1.74825
Ordinary	Purchase	1,841	1.74
Ordinary	Purchase	2,041	1.74
Ordinary	Purchase	2,330	1.74
Ordinary	Purchase	4,479	1.738
Ordinary	Purchase	220	1.74
Ordinary	Purchase	1,215	1.7555
Ordinary	Purchase	1,531	1.754
Ordinary	Purchase	2,556	1.7475
Ordinary	Purchase	943	1.7415
Ordinary	Purchase	1,541	1.7415
Ordinary	Purchase	2,000	1.7415
Ordinary	Purchase	13	1.7375
Ordinary	Purchase	1,503	1.7375
Ordinary	Purchase	30	1.7375
Ordinary	Purchase	340	1.74
Ordinary	Purchase	1,855	1.7385
Ordinary	Purchase	2,216	1.738
Ordinary	Purchase	2,855	1.738
Ordinary	Purchase	159	1.738
Ordinary	Purchase	2,000	1.741
Ordinary	Purchase	1,796	1.741
Ordinary	Purchase	1,946	1.74825
Ordinary	Purchase	1,710	1.738
Ordinary	Purchase	594	1.738
Ordinary	Purchase	1,710	1.738
Ordinary	Purchase	15,901	1.738
Ordinary	Purchase	15,901	1.738
Ordinary	Purchase	15,901	1.738
Ordinary	Purchase	15,901	1.738
Ordinary	Purchase	1,421	1.7375
Ordinary	Purchase	1,962	1.738
Ordinary	Purchase	1,293	1.7395
Ordinary	Purchase	1,880	1.7385
Ordinary	Purchase	703	1.7405
Ordinary	Purchase	2,579	1.7375
Ordinary	Purchase	7,334	1.7555
Ordinary	Purchase	1,575	1.738
Ordinary	Purchase	1,098	1.738
Ordinary	Purchase	1,198	1.741
Ordinary	Purchase	206	1.7415
Ordinary	Purchase	2,757	1.7415
Ordinary	Purchase	1,829	1.7555
Ordinary	Purchase	791	1.7375
Ordinary	Purchase	440	1.741
Ordinary	Purchase	2,500	1.741
Ordinary	Purchase	2,322	1.738
Ordinary	Purchase	879	1.738
Ordinary	Purchase	1,750	1.737
Ordinary	Purchase	1,550	1.7415
Ordinary	Purchase	1,740	1.738
Ordinary	Purchase	1,537	1.7475
Ordinary	Purchase	2,275	1.7475
Ordinary	Purchase	1,577	1.7395
Ordinary	Purchase	5,512	1.74825
Ordinary	Purchase	2,861	1.739
Ordinary	Purchase	2,548	1.7505
Ordinary	Purchase	2,542	1.755
Ordinary	Purchase	2,540	1.7565
Ordinary	Purchase	2,542	1.7545
Ordinary	Purchase	2,542	1.7555
Ordinary	Purchase	2,548	1.7505
Ordinary	Purchase	830	1.7485
Ordinary	Purchase	1,721	1.7485
Ordinary	Purchase	2,466	1.7565
Ordinary	Purchase	855	1.756
Ordinary	Purchase	123	1.756
Ordinary	Purchase	1,561	1.756
Ordinary	Purchase	2,542	1.7555
Ordinary	Purchase	2,627	1.747
Ordinary	Purchase	1,213	1.755
Ordinary	Purchase	1,199	1.755
Ordinary	Purchase	2,540	1.7565
Ordinary	Purchase	2,613	1.756
Ordinary	Purchase	2,561	1.7395
Ordinary	Purchase	731	1.739
Ordinary	Purchase	1,830	1.739
Ordinary	Purchase	2,563	1.7385
Ordinary	Purchase	2,542	1.7555
Ordinary	Purchase	2,563	1.7385
Ordinary	Purchase	1,737	1.738
Ordinary	Purchase	2,554	1.7475
Ordinary	Purchase	2,772	1.738
Ordinary	Purchase	2,541	1.7555
Ordinary	Purchase	3,392	1.754
Ordinary	Purchase	4,063	1.754
Ordinary	Purchase	1,531	1.754
Ordinary	Purchase	384	1.7375
Ordinary	Purchase	2,569	1.7415
Ordinary	Purchase	10	1.755
Ordinary	Purchase	2,679	1.755
Ordinary	Purchase	508	1.7455
Ordinary	Purchase	694	1.7455
Ordinary	Purchase	228	1.7455
Ordinary	Purchase	3,457	1.738
Ordinary	Purchase	713	1.738
Ordinary	Purchase	1,840	1.744
Ordinary	Purchase	720	1.744
Ordinary	Purchase	2,553	1.748
Ordinary	Purchase	1,263	1.7565
Ordinary	Purchase	2,545	1.753
Ordinary	Purchase	2,541	1.7565
Ordinary	Purchase	1,299	1.756
Ordinary	Purchase	1,389	1.756
Ordinary	Purchase	283	1.7385
Ordinary	Purchase	3,818	1.7485
Ordinary	Purchase	1,457	1.7485
Ordinary	Purchase	2,095	1.7565
Ordinary	Purchase	130	1.755
Ordinary	Purchase	2,541	1.7555
Ordinary	Purchase	3,556	1.754
Ordinary	Purchase	2,688	1.755
Ordinary	Purchase	2,613	1.7545
Ordinary	Purchase	3,691	1.754
Ordinary	Purchase	2,568	1.7415
Ordinary	Purchase	3,806	1.7535
Ordinary	Purchase	3,799	1.7535
Ordinary	Purchase	2,028	1.756
Ordinary	Purchase	194	1.756
Ordinary	Purchase	320	1.756
Ordinary	Purchase	2,546	1.752
Ordinary	Purchase	2,615	1.754
Ordinary	Purchase	775	1.7405
Ordinary	Purchase	1,892	1.7405
Ordinary	Purchase	2,796	1.741
Ordinary	Purchase	1,558	1.757
Ordinary	Purchase	2,541	1.755
Ordinary	Purchase	6,957	1.7565
Ordinary	Purchase	2,567	1.741
Ordinary	Purchase	2,560	1.74
Ordinary	Purchase	2,541	1.7555
Ordinary	Purchase	2,542	1.755
Ordinary	Purchase	37	1.7565
Ordinary	Purchase	2,542	1.7545
Ordinary	Purchase	2,690	1.754
Ordinary	Purchase	1,279	1.7565
Ordinary	Purchase	2,150	1.7555
Ordinary	Purchase	392	1.7555
Ordinary	Purchase	2,546	1.7525
Ordinary	Purchase	2,546	1.752
Ordinary	Purchase	2,546	1.7515
Ordinary	Purchase	5,336	1.7585
Ordinary	Purchase	2,540	1.7565
Ordinary	Purchase	2,541	1.7565
Ordinary	Purchase	2,542	1.755
Ordinary	Purchase	246	1.756
Ordinary	Purchase	2,294	1.756
Ordinary	Purchase	3,037	1.738
Ordinary	Purchase	142,540	1.738
Ordinary	Purchase	62,954	1.738
Ordinary	Purchase	1,255	1.738
Ordinary	Purchase	6,922	1.738
Ordinary	Purchase	4,230	1.738
Ordinary	Purchase	2,858	1.738
Ordinary	Purchase	13,020	1.738
Ordinary	Purchase	723	1.738
Ordinary	Purchase	2,742	1.7605
Ordinary	Purchase	31	1.7515
Ordinary	Purchase	35	1.7565
Ordinary	Purchase	2	1.7565
Ordinary	Purchase	550,585	1.741147
Ordinary	Sale	1	1.745
Ordinary	Sale	2,590	1.752
Ordinary	Sale	5,896	1.748
Ordinary	Sale	2,373	1.748
Ordinary	Sale	1,200	1.748
Ordinary	Sale	3,180	1.742
Ordinary	Sale	2,592	1.7605015
Ordinary	Sale	10,167	1.748
Ordinary	Sale	1,679	1.748
Ordinary	Sale	8,030	1.761
Ordinary	Sale	5,233	1.761
Ordinary	Sale	2,705	1.761
Ordinary	Sale	2,555	1.745
Ordinary	Sale	5,710	1.748
Ordinary	Sale	7,176	1.748
Ordinary	Sale	1,154	1.7375
Ordinary	Sale	1,488	1.7375
Ordinary	Sale	2,552	1.7485
Ordinary	Sale	2,931	1.7535
Ordinary	Sale	6,750	1.752
Ordinary	Sale	1,800	1.7505
Ordinary	Sale	1,053	1.7505
Ordinary	Sale	1,789	1.742
Ordinary	Sale	4,724	1.742
Ordinary	Sale	2,630	1.7445
Ordinary	Sale	2,631	1.745
Ordinary	Sale	2,557	1.744
Ordinary	Sale	3,493	1.755
Ordinary	Sale	2,557	1.744
Ordinary	Sale	4,176	1.7445
Ordinary	Sale	783	1.746
Ordinary	Sale	1,772	1.746
Ordinary	Sale	2,543	1.746
Ordinary	Sale	2,023	1.74
Ordinary	Sale	539	1.74
Ordinary	Sale	2,556	1.745
	Total Purchases	1,181,370
	Total Sales	113,588

(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 GBP

Ordinary

CFD

Reducing a long position

550,585

1.741147

(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 GBP

(ii) Exercise

Class of relevant security

Product description

e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit GBP

(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) GBP

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"

(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"

Is a Supplemental Form 8 (Open Positions) attached?

YES

Date of disclosure:	27/07/2017
Contact name:	Olivier Vero
Telephone number:	+44 20 7676 6821 / 6969

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:	SOCIETE GENERALE 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 EUR	Type e.g. American, European etc.	Expiry date
Ordinary Shares	Listed Call Option	Sale	1,000	2.200	American options	19/01/2018
Ordinary Shares	Listed Call Option	Sale	5,000,000	2.600	American options	15/12/2017
Ordinary Shares	Listed Call Option	Sale	2,750,000	1.800	American options	21/12/2018
Ordinary Shares	Listed Put Option	Purchase	3,000,000	1.200	American options	15/12/2017
Ordinary Shares	Listed Put Option	Purchase	8,000	1.4	American options	15/06/2018
Ordinary Shares	Listed Put Option	Purchase	79,000	1.65	American options	15/12/2017
Ordinary Shares	Listed Put Option	Purchase	1,000	1.600	American options	19/01/2018
Ordinary Shares	Listed Put Option	Purchase	30,000	1.600	American options	15/06/2018
Ordinary Shares	Listed Put Option	Purchase	15,000	1.950	American options	15/12/2017
Ordinary Shares	Listed Put Option	Purchase	500,000	2.400	American options	21/12/2018
Ordinary Shares	Listed Put Option	Purchase	5,000	1.400	American options	16/03/2018
Ordinary Shares	Listed Put Option	Purchase	500,000	1.900	American options	15/12/2017
Ordinary Shares	Listed Put Option	Sale	2,250,000	1	American options	18/09/2020
Ordinary Shares	Listed Put Option	Sale	2,750,000	1.800	American options	21/12/2018
Ordinary Shares	OTC call-option	Sale	2,940,000	1.700	American options	15/09/2017
Ordinary Shares	OTC put-option	Sale	2,940,000	1.700	American options	15/09/2017

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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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