Level 2

Company Announcements

Form 8.3 - [Tesco Plc]

Related Companies

By LSE RNS

RNS Number : 6166W
BNP Paribas London
15 November 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

14 November 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:

11,327,899

0.14



(2) Cash-settled derivatives:

 



2,151,955

0.03

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

7,939,000

0.10

6,890,000

0.08

 

     TOTAL:

19,266,899

0.24

9,041,955

0.11

 

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

7,520,000

GBP 1.8050

GB0008847096

Purchase

2,472

GBP 1.8518

GB0008847096

Purchase

147

GBP 1.8545

GB0008847096

Purchase

2,112

GBP 1.8550

GB0008847096

Purchase

1,892

GBP 1.8580

GB0008847096

Purchase

6,444

GBP 1.8600

GB0008847096

Purchase

11,334

GBP 1.8605

GB0008847096

Purchase

10,333

GBP 1.8610

GB0008847096

Purchase

7,391

GBP 1.8615

GB0008847096

Purchase

4,620

GBP 1.8620

GB0008847096

Purchase

1,179

GBP 1.8625

GB0008847096

Purchase

4,820

GBP 1.8670

GB0008847096

Purchase

55,262

GBP 1.8685

GB0008847096

Purchase

12,951

GBP 1.8690

GB0008847096

Purchase

6,483

GBP 1.8695

GB0008847096

Purchase

4,377

GBP 1.8700

GB0008847096

Purchase

18,457

GBP 1.8705

GB0008847096

Purchase

3,601

GBP 1.8780

GB0008847096

Purchase

7,526

GBP 1.8785

GB0008847096

Purchase

6,836

GBP 1.8790

GB0008847096

Purchase

10,215

GBP 1.8795

GB0008847096

Purchase

1,048,246

GBP 1.8805

GB0008847096

Purchase

6,829

GBP 1.8835

GB0008847096

Purchase

21,555

GBP 1.8870

GB0008847096

Purchase

79,698

GBP 1.8880

GB0008847096

Purchase

2,000

GBP 1.8885

GB0008847096

Purchase

1,115

GBP 1.8910

GB0008847096

Purchase

1,384

GBP 1.8920

GB0008847096

Purchase

1,524

GBP 1.8925

GB0008847096

Purchase

222

GBP 1.8935

GB0008847096

Purchase

2,811

GBP 1.8950

GB0008847096

Purchase

1,244

GBP 1.9060

GB0008847096

Sale

8,011,981

GBP 1.8050

GB0008847096

Sale

1,224

GBP 1.8090

GB0008847096

Sale

1,878

GBP 1.8125

GB0008847096

Sale

1,889

GBP 1.8150

GB0008847096

Sale

3,498

GBP 1.8180

GB0008847096

Sale

17,913

GBP 1.8190

GB0008847096

Sale

982

GBP 1.8195

GB0008847096

Sale

2,303

GBP 1.8210

GB0008847096

Sale

2,310

GBP 1.8215

GB0008847096

Sale

2,229

GBP 1.8220

GB0008847096

Sale

3,290

GBP 1.8230

GB0008847096

Sale

4,089

GBP 1.8240

GB0008847096

Sale

2,935

GBP 1.8250

GB0008847096

Sale

1,964

GBP 1.8265

GB0008847096

Sale

1,190

GBP 1.8270

GB0008847096

Sale

12,791

GBP 1.8275

GB0008847096

Sale

1,260

GBP 1.8280

GB0008847096

Sale

3,305

GBP 1.8335

GB0008847096

Sale

305

GBP 1.8350

GB0008847096

Sale

1,216

GBP 1.8410

GB0008847096

Sale

1,081

GBP 1.8415

GB0008847096

Sale

2,084

GBP 1.8420

GB0008847096

Sale

29,265

GBP 1.8425

GB0008847096

Sale

1,220

GBP 1.8445

GB0008847096

Sale

31,397

GBP 1.8495

GB0008847096

Sale

2,284

GBP 1.8505

GB0008847096

Sale

10,139

GBP 1.8510

GB0008847096

Sale

1,414

GBP 1.8515

GB0008847096

Sale

4,305

GBP 1.8530

GB0008847096

Sale

10,159

GBP 1.8535

GB0008847096

Sale

64,354

GBP 1.8550

GB0008847096

Sale

1,372

GBP 1.8560

GB0008847096

Sale

4,305

GBP 1.8600

GB0008847096

Sale

11,078

GBP 1.8630

GB0008847096

Sale

21,759

GBP 1.8650

GB0008847096

Sale

961

GBP 1.8655

GB0008847096

Sale

16,971

GBP 1.8660

GB0008847096

Sale

17,632

GBP 1.8665

GB0008847096

Sale

34,835

GBP 1.8675

GB0008847096

Sale

28,321

GBP 1.8680

GB0008847096

Sale

46,060

GBP 1.8685

GB0008847096

Sale

11,729

GBP 1.8690

GB0008847096

Sale

47,130

GBP 1.8695

GB0008847096

Sale

6,500

GBP 1.8698

GB0008847096

Sale

31,325

GBP 1.8700

GB0008847096

Sale

893

GBP 1.8705

GB0008847096

Sale

60,618

GBP 1.8710

GB0008847096

Sale

2,790,000

GBP 1.8711

GB0008847096

Sale

43,724

GBP 1.8715

GB0008847096

Sale

31,251

GBP 1.8720

GB0008847096

Sale

39,836

GBP 1.8725

GB0008847096

Sale

6,161

GBP 1.8740

GB0008847096

Sale

1,186

GBP 1.8750

GB0008847096

Sale

6,270

GBP 1.8780

GB0008847096

Sale

20,802

GBP 1.8795

GB0008847096

Sale

14,522

GBP 1.8800

GB0008847096

Sale

268,457

GBP 1.8805

GB0008847096

Sale

24,925

GBP 1.8810

GB0008847096

Sale

35,564

GBP 1.8815

GB0008847096

Sale

6,559

GBP 1.8825

GB0008847096

Sale

15,220

GBP 1.8830

GB0008847096

Sale

6,249

GBP 1.8835

GB0008847096

Sale

5,085

GBP 1.8840

GB0008847096

Sale

11,892

GBP 1.8845

GB0008847096

Sale

4,914

GBP 1.8848

GB0008847096

Sale

380

GBP 1.8850

GB0008847096

Sale

9,488

GBP 1.8855

GB0008847096

Sale

25,000

GBP 1.8860

GB0008847096

Sale

6,900

GBP 1.8865

GB0008847096

Sale

6,198

GBP 1.8870

GB0008847096

Sale

8,991

GBP 1.8875

GB0008847096

Sale

1,370

GBP 1.8880

GB0008847096

Sale

4,266

GBP 1.8900

GB0008847096

Sale

8,562

GBP 1.8905

GB0008847096

Sale

7,761

GBP 1.8910

GB0008847096

Sale

5,832

GBP 1.8915

GB0008847096

Sale

1,229

GBP 1.8920

GB0008847096

Sale

11,803

GBP 1.8925

GB0008847096

Sale

15,125

GBP 1.8930

GB0008847096

Sale

1,081

GBP 1.8935

GB0008847096

Sale

10,191

GBP 1.8950

GB0008847096

Sale

21,026

GBP 1.8955

GB0008847096

Sale

33,610

GBP 1.8960

GB0008847096

Sale

15,860

GBP 1.8965

GB0008847096

Sale

130,242

GBP 1.8970

GB0008847096

Sale

32,738

GBP 1.8975

GB0008847096

Sale

8,562

GBP 1.8980

GB0008847096

Sale

12,212

GBP 1.8985

GB0008847096

Sale

1,250

GBP 1.8990

GB0008847096

Sale

10,647

GBP 1.8995

GB0008847096

Sale

4,849

GBP 1.9000

GB0008847096

Sale

862

GBP 1.9005

GB0008847096

Sale

6,558

GBP 1.9010

GB0008847096

Sale

57,545

GBP 1.9025

GB0008847096

Sale

12,077

GBP 1.9030

GB0008847096

Sale

6,362

GBP 1.9045

 

 

(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

GB0008847096

Call option

Purchasing

239,000

GBp190

American

16/02/2018

GBp6.75

 

(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:

15 November 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

Ordinary shares

Call Option

Purchased

239,000

GBp190

American

16/02/2018

 

 

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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