Level 2

Company Announcements

Form 8.3 - [Tesco Plc]

Related Companies

By LSE RNS

RNS Number : 9832S
BNP Paribas London
06 October 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

5 October 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:

3,520,904

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

6,890,000

0.08

 

     TOTAL:

11,220,904

0.14

25,572,635

0.31

 

 

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

7,585

GBP 1.8345

GB0008847096

Purchase

18,107

GBP 1.8575

GB0008847096

Purchase

576

GBP 1.8580

GB0008847096

Purchase

359,419

GBP 1.8660

GB0008847096

Purchase

5,557

GBP 1.8670

GB0008847096

Purchase

20,000

GBP 1.8672

GB0008847096

Purchase

22,731

GBP 1.8675

GB0008847096

Purchase

990

GBP 1.8680

GB0008847096

Purchase

3,210

GBP 1.8690

GB0008847096

Purchase

6,115

GBP 1.8695

GB0008847096

Purchase

530

GBP 1.8700

GB0008847096

Purchase

2,984

GBP 1.8705

GB0008847096

Purchase

560

GBP 1.8735

GB0008847096

Purchase

1,484

GBP 1.8740

GB0008847096

Purchase

13,715

GBP 1.8745

GB0008847096

Purchase

16,511

GBP 1.8750

GB0008847096

Purchase

773

GBP 1.8755

GB0008847096

Purchase

15,204

GBP 1.8760

GB0008847096

Purchase

1,314

GBP 1.8765

GB0008847096

Purchase

3,784

GBP 1.8770

GB0008847096

Purchase

8,947

GBP 1.8780

GB0008847096

Purchase

11,896

GBP 1.8790

GB0008847096

Purchase

9,226

GBP 1.8795

GB0008847096

Purchase

17,458

GBP 1.8800

GB0008847096

Purchase

6,354

GBP 1.8805

GB0008847096

Purchase

1,701

GBP 1.8810

GB0008847096

Purchase

1,350

GBP 1.8815

GB0008847096

Purchase

24,618

GBP 1.8820

GB0008847096

Purchase

4,992

GBP 1.8825

GB0008847096

Purchase

8,733

GBP 1.8830

GB0008847096

Purchase

740,000

GBP 1.8860

GB0008847096

Purchase

657

GBP 1.8885

GB0008847096

Sale

12,004

GBP 1.8625

GB0008847096

Sale

2,106

GBP 1.8630

GB0008847096

Sale

1,006

GBP 1.8635

GB0008847096

Sale

8,554

GBP 1.8645

GB0008847096

Sale

43,435

GBP 1.8660

GB0008847096

Sale

11,118

GBP 1.8665

GB0008847096

Sale

10,586

GBP 1.8670

GB0008847096

Sale

19,856

GBP 1.8685

GB0008847096

Sale

12,173

GBP 1.8688

GB0008847096

Sale

4,075

GBP 1.8695

GB0008847096

Sale

53,660

GBP 1.8700

GB0008847096

Sale

6,902

GBP 1.8705

GB0008847096

Sale

36,767

GBP 1.8710

GB0008847096

Sale

4,193

GBP 1.8715

GB0008847096

Sale

10,201

GBP 1.8720

GB0008847096

Sale

199

GBP 1.8730

GB0008847096

Sale

21,197

GBP 1.8735

GB0008847096

Sale

1,016

GBP 1.8745

GB0008847096

Sale

3,100

GBP 1.8750

GB0008847096

Sale

1,260

GBP 1.8765

GB0008847096

Sale

998

GBP 1.8775

GB0008847096

Sale

1,325

GBP 1.8790

GB0008847096

Sale

3,786

GBP 1.8800

GB0008847096

Sale

2,234

GBP 1.8810

GB0008847096

Sale

1,033

GBP 1.8820

GB0008847096

Sale

1,924

GBP 1.8825

GB0008847096

Sale

9,613

GBP 1.8835

GB0008847096

Sale

1,755

GBP 1.8840

GB0008847096

Sale

372

GBP 1.8845

GB0008847096

Sale

471

GBP 1.8855

GB0008847096

Sale

958

GBP 1.8860

GB0008847096

Sale

3,752

GBP 1.8875

 

 

(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:

6 October 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

50,000

GBp195

American

21/12/2018

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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