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Company Announcements

Form 8.3 - Tesco Plc

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By LSE RNS

RNS Number : 8275W

Citadel Group

17 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:	Citadel Group
(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	16 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"	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:	Common Stock ISIN GB0008847096
	Interests		Short Positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	0	0.00	815,730	0.01
(2) Cash-settled derivatives:	83,022,374	1.01	122,505	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	491,000	0.01	256,000	0.00
TOTAL:	83,513,374	1.02	1,194,235	0.01

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 ISIN GB0008847096	Purchase/sale	Number of securities	Price per unit
Common Stock	Purchase	48,161	1.838 GBP
Common Stock	Purchase	31,415	1.8385 GBP
Common Stock	Purchase	17,920	1.839 GBP
Common Stock	Purchase	33,427	1.8395 GBP
Common Stock	Purchase	41,160	1.84 GBP
Common Stock	Purchase	65,202	1.8405 GBP
Common Stock	Purchase	75,074	1.841 GBP
Common Stock	Purchase	67,220	1.8415 GBP
Common Stock	Purchase	104,475	1.842 GBP
Common Stock	Purchase	122,516	1.8425 GBP
Common Stock	Purchase	256,745	1.843 GBP
Common Stock	Purchase	414,563	1.8435 GBP
Common Stock	Purchase	104,424	1.844 GBP
Common Stock	Purchase	55,975	1.8445 GBP
Common Stock	Purchase	83,224	1.845 GBP
Common Stock	Purchase	173,950	1.8455 GBP
Common Stock	Purchase	102,069	1.846 GBP
Common Stock	Purchase	64,137	1.8465 GBP
Common Stock	Purchase	134,036	1.847 GBP
Common Stock	Purchase	4,561	1.84725 GBP
Common Stock	Purchase	50,641	1.8475 GBP
Common Stock	Purchase	489	1.84775 GBP
Common Stock	Purchase	133,188	1.848 GBP
Common Stock	Purchase	62,743	1.8485 GBP
Common Stock	Purchase	19,498	1.849 GBP
Common Stock	Purchase	64,168	1.8495 GBP
Common Stock	Purchase	126,139	1.85 GBP
Common Stock	Purchase	104,479	1.8505 GBP
Common Stock	Purchase	44,803	1.851 GBP
Common Stock	Purchase	34,323	1.8515 GBP
Common Stock	Purchase	28,488	1.852 GBP
Common Stock	Purchase	70,386	1.8525 GBP
Common Stock	Purchase	3,934	1.853 GBP
Common Stock	Purchase	24,906	1.8535 GBP
Common Stock	Purchase	4,819	1.854 GBP
Common Stock	Purchase	458	1.8545 GBP
Common Stock	Purchase	10,972	1.855 GBP
Common Stock	Purchase	16,959	1.8555 GBP
Common Stock	Purchase	31,070	1.856 GBP
Common Stock	Purchase	36,321	1.8565 GBP
Common Stock	Purchase	4,943	1.857 GBP
Common Stock	Purchase	8,976	1.8575 GBP
Common Stock	Purchase	18,111	1.858 GBP
Common Stock	Purchase	25,519	1.8585 GBP
Common Stock	Purchase	88,109	1.859 GBP
Common Stock	Purchase	13,560	1.86 GBP
Common Stock	Purchase	11,609	1.8605 GBP
Common Stock	Purchase	1,113	1.861 GBP
Common Stock	Sale	-3,513	1.8375 GBP
Common Stock	Sale	-3,508	1.838 GBP
Common Stock	Sale	-10,794	1.8385 GBP
Common Stock	Sale	-8,407	1.839 GBP
Common Stock	Sale	-21,929	1.8395 GBP
Common Stock	Sale	-7,100	1.83975 GBP
Common Stock	Sale	-55,656	1.84 GBP
Common Stock	Sale	-71,562	1.8405 GBP
Common Stock	Sale	-74,131	1.841 GBP
Common Stock	Sale	-61,157	1.8415 GBP
Common Stock	Sale	-113,026	1.842 GBP
Common Stock	Sale	-45,917	1.8425 GBP
Common Stock	Sale	-40,124	1.843 GBP
Common Stock	Sale	-72,702	1.8435 GBP
Common Stock	Sale	-40,368	1.844 GBP
Common Stock	Sale	-47,519	1.8445 GBP
Common Stock	Sale	-28,588	1.845 GBP
Common Stock	Sale	-92,921	1.8455 GBP
Common Stock	Sale	-95,274	1.846 GBP
Common Stock	Sale	-95,395	1.8465 GBP
Common Stock	Sale	-82,460	1.847 GBP
Common Stock	Sale	-74,427	1.8475 GBP
Common Stock	Sale	-83,893	1.848 GBP
Common Stock	Sale	-60,780	1.8485 GBP
Common Stock	Sale	-34,687	1.849 GBP
Common Stock	Sale	-1,750	1.84925 GBP
Common Stock	Sale	-50,563	1.8495 GBP
Common Stock	Sale	-88,545	1.85 GBP
Common Stock	Sale	-84,819	1.8505 GBP
Common Stock	Sale	-70,926	1.851 GBP
Common Stock	Sale	-62,256	1.8515 GBP
Common Stock	Sale	-59,233	1.852 GBP
Common Stock	Sale	-33,776	1.8525 GBP
Common Stock	Sale	-20,389	1.854 GBP
Common Stock	Sale	-2,760	1.8545 GBP
Common Stock	Sale	-9,202	1.855 GBP
Common Stock	Sale	-30,040	1.8555 GBP
Common Stock	Sale	-36,456	1.856 GBP
Common Stock	Sale	-5,961	1.8565 GBP
Common Stock	Sale	-19,960	1.857 GBP
Common Stock	Sale	-16,343	1.8575 GBP
Common Stock	Sale	-19,795	1.858 GBP
Common Stock	Sale	-12,426	1.85825 GBP
Common Stock	Sale	-34,008	1.8585 GBP
Common Stock	Sale	-48,059	1.859 GBP
Common Stock	Sale	-15,886	1.86 GBP

(b) Cash-settled derivative transactions

Class of relevant security ISIN GB0008847096	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
Common Stock	CFD	Increasing long position	2,140	1.839 GBP
Common Stock	CFD	Increasing long position	2,299	1.842581 GBP
Common Stock	CFD	Increasing long position	7,269	1.842581 GBP
Common Stock	CFD	Increasing long position	9,193	1.842581 GBP
Common Stock	CFD	Increasing long position	29,076	1.842581 GBP
Common Stock	CFD	Increasing long position	226,090	1.842641 GBP
Common Stock	CFD	Increasing long position	1,270	1.843056 GBP
Common Stock	CFD	Increasing long position	24,837	1.8435 GBP
Common Stock	CFD	Increasing long position	27,004	1.8435 GBP
Common Stock	CFD	Increasing long position	72,353	1.8435 GBP
Common Stock	CFD	Increasing long position	78,562	1.8435 GBP
Common Stock	CFD	Increasing long position	85,420	1.8435 GBP
Common Stock	CFD	Increasing long position	228,835	1.8435 GBP
Common Stock	CFD	Increasing long position	44,062	1.847024 GBP
Common Stock	CFD	Increasing long position	98,414	1.847243 GBP
Common Stock	CFD	Increasing long position	311,258	1.847243 GBP
Common Stock	CFD	Increasing long position	112,337	1.84731 GBP
Common Stock	CFD	Increasing long position	35,520	1.847311 GBP
Common Stock	CFD	Increasing long position	43,659	1.847462 GBP
Common Stock	CFD	Increasing long position	138,081	1.847462 GBP
Common Stock	CFD	Increasing long position	172,530	1.848347 GBP
Common Stock	CFD	Increasing long position	54,551	1.848348 GBP
Common Stock	CFD	Reducing long position	-3,786	1.84699 GBP
Common Stock	CFD	Reducing long position	-2,310	1.84699 GBP
Common Stock	CFD	Reducing long position	-8,355	1.847464 GBP
Common Stock	CFD	Reducing long position	-13,357	1.848424 GBP
Common Stock	CFD	Reducing long position	-64,679	1.852522 GBP
Common Stock	CFD	Reducing long position	-51,887	1.852522 GBP
Common Stock	CFD	Reducing long position	-47,785	1.852522 GBP
Common Stock	CFD	Reducing long position	-35,168	1.852522 GBP
Common Stock	CFD	Reducing long position	-18,897	1.852522 GBP
Common Stock	CFD	Reducing long position	-7,024	1.852522 GBP
Common Stock	CFD	Reducing long position	-6,063	1.852522 GBP
Common Stock	CFD	Reducing long position	-6,041	1.852522 GBP
Common Stock	CFD	Reducing long position	-3,914	1.852522 GBP
Common Stock	CFD	Reducing long position	-3,324	1.852522 GBP
Common Stock	CFD	Reducing long position	-2,760	1.852522 GBP
Common Stock	CFD	Reducing long position	-1,460	1.852522 GBP
Common Stock	CFD	Reducing long position	-538	1.852522 GBP
Common Stock	CFD	Reducing short position	346,033	1.846169 GBP

(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

Is a Supplemental Form 8 (Open Positions) attached?

YES

Date of disclosure:	17 November, 2017
Contact name:	Alasdair Putt
Telephone number:	020 7645 9700

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. 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:	Citadel Group
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 ISIN GB0008847096	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
Common	Put Option	Written	16000	1.8 USD	American	17/11/2017
Common	Call Option	Purchased	2000	1.7 USD	American	15/12/2017
Common	Put Option	Purchased	-2000	1.8 USD	American	19/01/2018
Common	Call Option	Purchased	3000	1.9 USD	American	15/12/2017
Common	Call Option	Purchased	20000	1.85 USD	American	15/12/2017
Common	Put Option	Written	3000	2 USD	American	16/03/2018
Common	Put Option	Purchased	-30000	1.6 USD	American	15/12/2017
Common	Call Option	Purchased	10000	2 USD	American	16/03/2018
Common	Call Option	Purchased	5000	1.8 USD	American	15/12/2017
Common	Put Option	Purchased	-35000	1.6 USD	American	19/01/2018
Common	Call Option	Purchased	335000	1.9 USD	American	17/11/2017
Common	Call Option	Purchased	2000	1.95 USD	American	17/11/2017
Common	Call Option	Purchased	7000	1.9 USD	American	19/01/2018
Common	Call Option	Written	-49000	1.95 USD	American	19/01/2018
Common	Put Option	Purchased	-30000	1.85 USD	American	17/11/2017
Common	Put Option	Purchased	-12000	1.7 USD	American	17/11/2017
Common	Put Option	Purchased	-30000	1.7 USD	American	19/01/2018
Common	Call Option	Purchased	132000	1.85 USD	American	17/11/2017
Common	Put Option	Purchased	-6000	1.7 USD	American	16/03/2018
Common	Call Option	Purchased	4000	1.9 USD	American	16/03/2018
Common	Call Option	Purchased	20000	1.95 USD	American	16/03/2018
Common	Put Option	Purchased	-60000	1.75 USD	American	17/11/2017
Common	Put Option	Purchased	-35000	1.5 USD	American	16/03/2018
Common	Put Option	Purchased	-35000	1.65 USD	American	19/01/2018
Common	Call Option	Purchased	500000	75 USD	American	15/12/2017

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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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