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Form 8.3 - [Tesco plc]

Related Companies

By LSE RNS

RNS Number : 7551W
BNP Paribas London
16 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

15 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:

10,640,372

0.13



(2) Cash-settled derivatives:

 



2,176,955

0.03

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

7,939,000

0.10

6,890,000

0.08

 

     TOTAL:

18,579,372

0.23

9,066,955

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

1,477

GBP 1.8350

GB0008847096

Purchase

2,797

GBP 1.8365

GB0008847096

Purchase

2,414

GBP 1.8385

GB0008847096

Purchase

2,469

GBP 1.8390

GB0008847096

Purchase

2,756

GBP 1.8395

GB0008847096

Purchase

1,735

GBP 1.8400

GB0008847096

Purchase

549

GBP 1.8405

GB0008847096

Purchase

1,167

GBP 1.8410

GB0008847096

Purchase

27,935

GBP 1.8415

GB0008847096

Purchase

882

GBP 1.8420

GB0008847096

Purchase

25,913

GBP 1.8425

GB0008847096

Purchase

19,505

GBP 1.8430

GB0008847096

Purchase

2,960

GBP 1.8435

GB0008847096

Purchase

200

GBP 1.8440

GB0008847096

Purchase

8,016

GBP 1.8450

GB0008847096

Purchase

3,897

GBP 1.8455

GB0008847096

Purchase

380

GBP 1.8460

GB0008847096

Purchase

5,924

GBP 1.8500

GB0008847096

Purchase

7,489

GBP 1.8505

GB0008847096

Purchase

7,908

GBP 1.8520

GB0008847096

Purchase

2,850

GBP 1.8525

GB0008847096

Purchase

6,147

GBP 1.8530

GB0008847096

Purchase

12,158

GBP 1.8535

GB0008847096

Purchase

6,188

GBP 1.8540

GB0008847096

Purchase

4,422

GBP 1.8545

GB0008847096

Purchase

1,261

GBP 1.8550

GB0008847096

Purchase

5,258

GBP 1.8560

GB0008847096

Purchase

1,363

GBP 1.8570

GB0008847096

Purchase

1,115

GBP 1.8575

GB0008847096

Purchase

929

GBP 1.8600

GB0008847096

Purchase

1,139

GBP 1.8605

GB0008847096

Purchase

723

GBP 1.8785

GB0008847096

Purchase

4,305

GBP 1.8790

GB0008847096

Purchase

500,000

GBP 1.8793

GB0008847096

Purchase

12,915

GBP 1.8805

GB0008847096

Purchase

11,040

GBP 1.8825

GB0008847096

Purchase

7,812

GBP 1.8860

GB0008847096

Purchase

11

GBP 1.8865

GB0008847096

Purchase

21,525

GBP 1.8870

GB0008847096

Purchase

21,525

GBP 1.8875

GB0008847096

Purchase

30,614

GBP 1.8880

GB0008847096

Purchase

3,305

GBP 1.8895

GB0008847096

Purchase

4,305

GBP 1.8900

GB0008847096

Sale

1,014,343

GBP 1.8365

GB0008847096

Sale

12,364

GBP 1.8425

GB0008847096

Sale

974

GBP 1.8430

GB0008847096

Sale

4,748

GBP 1.8435

GB0008847096

Sale

162,376

GBP 1.8440

GB0008847096

Sale

2,700

GBP 1.8445

GB0008847096

Sale

18,292

GBP 1.8450

GB0008847096

Sale

28,450

GBP 1.8455

GB0008847096

Sale

173,085

GBP 1.8465

GB0008847096

Sale

9,423

GBP 1.8475

GB0008847096

Sale

7,771

GBP 1.8490

GB0008847096

Sale

9,574

GBP 1.8495

GB0008847096

Sale

1,948

GBP 1.8730

GB0008847096

Sale

952

GBP 1.8755

GB0008847096

Sale

950

GBP 1.8780

GB0008847096

Sale

308

GBP 1.8800

GB0008847096

Sale

952

GBP 1.8820

GB0008847096

Sale

11,084

GBP 1.8825

GB0008847096

Sale

1,985

GBP 1.8830

GB0008847096

Sale

1,004

GBP 1.8840

GB0008847096

Sale

874

GBP 1.8850

GB0008847096

Sale

1,615

GBP 1.8865

GB0008847096

Sale

1,735

GBP 1.8880

GB0008847096

Sale

7,303

GBP 1.8890

 

 

(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

GB0008847096

CFD

Increasing a short position

25,000

GBP1.8415

 

(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:

16 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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