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Form 8.5 (EPT/NON-RI) - TESCO PLC

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By Business Wire

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 September 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: 65,141,786 0.80% 50,674,634 0.62%
           
(2) Cash-settled derivatives:
36,760,325 0.45% 47,969,655 0.59%
           
(3) Stock-settled derivatives (including options)
and agreements to purchase/sell: 1,000,000 0.01% 1,000,000 0.01%
           
(4)
TOTAL: 102,902,111 1.26% 99,644,289 1.22%

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 3,141,957 1.8425 GBP 1.8126 GBP
5p ordinary Sale 3,203,092 1.8425 GBP 1.8147 GBP
ADR Purchase 15,000 7.4633 USD 7.4233 USD
ADR Sale 15,000 7.4633 USD 7.4233 USD

(b) Cash-settled derivative transactions

Class of   Product   Nature of dealing   Number of   Price per
relevant description reference unit
security     securities  
5p ordinary CFD Long 373 1.8284 GBP
5p ordinary CFD Long 3,284 1.8197 GBP
5p ordinary CFD Long 13,362 1.8289 GBP
5p ordinary CFD Long 29,482 1.8261 GBP
5p ordinary SWAP Long 30,800 1.8147 GBP
5p ordinary CFD Long 36,000 1.8144 GBP
5p ordinary CFD Long 60,632 1.8383 GBP
5p ordinary CFD Long 69,306 1.8227 GBP
5p ordinary CFD Long 82,141 1.8207 GBP
5p ordinary SWAP Long 84,052 1.8330 GBP
5p ordinary SWAP Long 91,442 1.8167 GBP
5p ordinary SWAP Long 99,900 1.8188 GBP
5p ordinary CFD Long 129,480 1.8230 GBP
5p ordinary SWAP Long 146,407 1.8158 GBP
5p ordinary CFD Long 462,029 1.8243 GBP
5p ordinary SWAP Long 576,025 1.8185 GBP
5p ordinary SWAP Long 951,619 1.8263 GBP
5p ordinary SWAP Short 168 1.8207 GBP
5p ordinary SWAP Short 443 1.8185 GBP
5p ordinary CFD Short 1,016 1.8141 GBP
5p ordinary SWAP Short 1,215 1.8311 GBP
5p ordinary SWAP Short 1,641 1.8366 GBP
5p ordinary SWAP Short 1,694 1.8295 GBP
5p ordinary SWAP Short 2,066 1.8273 GBP
5p ordinary SWAP Short 2,526 1.8319 GBP
5p ordinary SWAP Short 2,820 1.8263 GBP
5p ordinary SWAP Short 3,027 1.8255 GBP
5p ordinary SWAP Short 3,101 1.8304 GBP
5p ordinary SWAP Short 3,680 1.8279 GBP
5p ordinary SWAP Short 3,746 1.8327 GBP
5p ordinary SWAP Short 4,084 1.8321 GBP
5p ordinary SWAP Short 4,141 1.8286 GBP
5p ordinary SWAP Short 4,452 1.8306 GBP
5p ordinary CFD Short 6,762 1.8126 GBP
5p ordinary SWAP Short 8,614 1.8237 GBP
5p ordinary CFD Short 10,468 1.8234 GBP
5p ordinary CFD Short 12,000 1.8227 GBP
5p ordinary CFD Short 12,624 1.8192 GBP
5p ordinary SWAP Short 15,923 1.8241 GBP
5p ordinary CFD Short 16,346 1.8151 GBP
5p ordinary CFD Short 18,918 1.8268 GBP
5p ordinary CFD Short 30,000 1.8146 GBP
5p ordinary SWAP Short 38,614 1.8291 GBP
5p ordinary SWAP Short 48,540 1.8353 GBP
5p ordinary SWAP Short 60,597 1.8292 GBP
5p ordinary CFD Short 61,839 1.8220 GBP
5p ordinary SWAP Short 76,352 1.8168 GBP
5p ordinary SWAP Short 108,947 1.8175 GBP
5p ordinary SWAP Short 140,525 1.8427 GBP
5p ordinary SWAP Short 142,819 1.8309 GBP
5p ordinary CFD Short 193,238 1.8143 GBP
5p ordinary CFD Short 263,007 1.8150 GBP
5p ordinary CFD Short 274,391 1.8208 GBP
5p ordinary SWAP Short 320,846 1.8277 GBP
5p ordinary SWAP Short 400,780 1.8216 GBP
5p ordinary CFD Short 621,122 1.8149 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: 18 Sep 2017
Contact name: Femi Badmos
Telephone number: 020 3555 1125

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
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.

Copyright Business Wire 2017

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