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Company Announcements

Form 8.3 - [Tesco Plc]

Related Companies

By LSE RNS

RNS Number : 6336P
BNP Paribas London
01 September 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

31 August 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:

3,504,686

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:

11,204,686

0.14

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

575

GBP 1.7860

GB0008847096

Purchase

5,244

GBP 1.7890

GB0008847096

Purchase

957

GBP 1.7895

GB0008847096

Purchase

694

GBP 1.7915

GB0008847096

Purchase

1,131

GBP 1.7935

GB0008847096

Purchase

2,962

GBP 1.7945

GB0008847096

Purchase

16,024

GBP 1.7950

GB0008847096

Purchase

4,529

GBP 1.7955

GB0008847096

Purchase

16,697

GBP 1.7960

GB0008847096

Purchase

2,500

GBP 1.7965

GB0008847096

Purchase

2,954

GBP 1.7970

GB0008847096

Purchase

8,810

GBP 1.7975

GB0008847096

Purchase

16,571

GBP 1.7980

GB0008847096

Purchase

1,307

GBP 1.7985

GB0008847096

Purchase

2,445

GBP 1.7990

GB0008847096

Purchase

2,547

GBP 1.8000

GB0008847096

Purchase

2,555

GBP 1.8005

GB0008847096

Purchase

2,414

GBP 1.8010

GB0008847096

Purchase

8,448

GBP 1.8015

GB0008847096

Purchase

2,395

GBP 1.8020

GB0008847096

Purchase

16,821

GBP 1.8025

GB0008847096

Purchase

14,881

GBP 1.8030

GB0008847096

Purchase

18,094

GBP 1.8035

GB0008847096

Purchase

1,193

GBP 1.8045

GB0008847096

Purchase

1,612

GBP 1.8050

GB0008847096

Purchase

1,173

GBP 1.8055

GB0008847096

Purchase

38

GBP 1.8060

GB0008847096

Purchase

3,750

GBP 1.8065

GB0008847096

Purchase

82,529

GBP 1.8090

GB0008847096

Purchase

3,030

GBP 1.8100

GB0008847096

Purchase

7,674

GBP 1.8120

GB0008847096

Purchase

13,808

GBP 1.8130

GB0008847096

Purchase

10,353

GBP 1.8135

GB0008847096

Purchase

31,918

GBP 1.8140

GB0008847096

Purchase

5,631

GBP 1.8160

GB0008847096

Purchase

750

GBP 1.8170

GB0008847096

Purchase

26,002

GBP 1.8175

GB0008847096

Purchase

7,153

GBP 1.8185

GB0008847096

Sale

20,551

GBP 1.7940

GB0008847096

Sale

1,291

GBP 1.7955

GB0008847096

Sale

307

GBP 1.7960

GB0008847096

Sale

2,957

GBP 1.7975

GB0008847096

Sale

3,835

GBP 1.8030

GB0008847096

Sale

1,195

GBP 1.8040

GB0008847096

Sale

3,191

GBP 1.8045

GB0008847096

Sale

1,165

GBP 1.8055

GB0008847096

Sale

4,056

GBP 1.8080

GB0008847096

Sale

1,726

GBP 1.8085

GB0008847096

Sale

561,572

GBP 1.8090

GB0008847096

Sale

2,307

GBP 1.8095

GB0008847096

Sale

1,047

GBP 1.8105

GB0008847096

Sale

745

GBP 1.8110

GB0008847096

Sale

1,026

GBP 1.8120

GB0008847096

Sale

1,169

GBP 1.8125

GB0008847096

Sale

623

GBP 1.8130

GB0008847096

Sale

1,115

GBP 1.8135

GB0008847096

Sale

1,281

GBP 1.8145

GB0008847096

Sale

1,441

GBP 1.8155

GB0008847096

Sale

13,335

GBP 1.8160

GB0008847096

Sale

5,707

GBP 1.8165

GB0008847096

Sale

707

GBP 1.8175

GB0008847096

Sale

8,736

GBP 1.8285

 

 

(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






 

(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 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

 

 

(c)        Attachments

 

Is a Supplemental Form 8 (Open Positions) attached?

YES

 

 

Date of disclosure:

1 September 2017

Contact name:

David Burfoot

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

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
 
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