Level 2

Company Announcements

Form 8.3 - Tesco Plc

Related Companies

By LSE RNS

RNS Number : 1482V
BNP Paribas London
31 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

30 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:

19,009,454

0.23



(2) Cash-settled derivatives:

 



 1,324,705

0.02

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

7,700,000

0.09

6,215,432

0.08

 

     TOTAL:

26,709,454

0.33

7,540,137

0.09

 

 

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

190

£1.8110

GB0008847096

Purchase

5116

£1.8115

GB0008847096

Purchase

250

£1.8120

GB0008847096

Purchase

12439

£1.8135

GB0008847096

Purchase

8818

£1.8139

GB0008847096

Purchase

7654

£1.8145

GB0008847096

Purchase

1271

£1.8150

GB0008847096

Purchase

16032

£1.8155

GB0008847096

Purchase

55187

£1.8165

GB0008847096

Purchase

5129

£1.8170

GB0008847096

Purchase

5484

£1.8175

GB0008847096

Purchase

19266

£1.8180

GB0008847096

Purchase

4556

£1.8195

GB0008847096

Purchase

816

£1.8200

GB0008847096

Purchase

1345

£1.8205

GB0008847096

Purchase

30107

£1.8225

GB0008847096

Purchase

1456

£1.8230

GB0008847096

Purchase

23185

£1.8235

GB0008847096

Purchase

11666

£1.8240

GB0008847096

Purchase

1722000

£1.8254

GB0008847096

Purchase

5133

£1.8255

GB0008847096

Purchase

409

£1.8265

GB0008847096

Purchase

5043

£1.8270

GB0008847096

Purchase

1548

£1.8280

GB0008847096

Purchase

1165

£1.8290

GB0008847096

Purchase

1351

£1.8310

GB0008847096

Purchase

2272

£1.8315

GB0008847096

Purchase

1040

£1.8320

GB0008847096

Purchase

10020

£1.8330

GB0008847096

Purchase

1394

£1.8335

GB0008847096

Purchase

22728

£1.8410

GB0008847096

Purchase

3189

£1.8425

GB0008847096

Purchase

21404

£1.8430

GB0008847096

Purchase

32854

£1.8550

GB0008847096

Purchase

5004

£1.8555

GB0008847096

Purchase

15615

£1.8570

GB0008847096

Sale

295719

£1.8190

GB0008847096

Sale

22981

£1.8205

GB0008847096

Sale

2438

£1.8208

GB0008847096

Sale

3323

£1.8210

GB0008847096

Sale

97405

£1.8304

GB0008847096

Sale

8989

£1.8315

GB0008847096

Sale

21841

£1.8415

GB0008847096

Sale

1103

£1.8420

 

 

(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:

31 October 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

21/12/2018

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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