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Form 8.3 - Tesco Group plc

Related Companies

By LSE RNS

RNS Number : 1382X

BNP Paribas London

21 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	20 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:	9,347,862	0.11
(2) Cash-settled derivatives:			2,176,955	0.03
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	8,092,000	0.10	7,169,000	0.09
TOTAL:	17,439,862	0.21	9,345,955	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	6040	GBP 1.8435
GB0008847096	Purchase	42214	GBP 1.8440
GB0008847096	Purchase	16740	GBP 1.8445
GB0008847096	Purchase	9433	GBP 1.8455
GB0008847096	Purchase	7410	GBP 1.8460
GB0008847096	Purchase	9861	GBP 1.8465
GB0008847096	Purchase	11650	GBP 1.8475
GB0008847096	Purchase	8610	GBP 1.8545
GB0008847096	Purchase	249750	GBP 1.8588
GB0008847096	Purchase	900	GBP 1.8590
GB0008847096	Purchase	12242	GBP 1.8595
GB0008847096	Purchase	5412	GBP 1.8605
GB0008847096	Purchase	21837	GBP 1.8610
GB0008847096	Purchase	12724	GBP 1.8625
GB0008847096	Purchase	235208	GBP 1.8700
GB0008847096	Purchase	3185	GBP 1.8720
GB0008847096	Purchase	11215	GBP 1.8725
GB0008847096	Purchase	22	GBP 1.8750
GB0008847096	Purchase	2643	GBP 1.8763
GB0008847096	Purchase	39967	GBP 1.8765
GB0008847096	Purchase	4401	GBP 1.8795
GB0008847096	Purchase	34427	GBP 1.8815
GB0008847096	Sale	1626	GBP 1.8410
GB0008847096	Sale	1447	GBP 1.8420
GB0008847096	Sale	5341	GBP 1.8425
GB0008847096	Sale	1160	GBP 1.8430
GB0008847096	Sale	3110	GBP 1.8435
GB0008847096	Sale	2858	GBP 1.8440
GB0008847096	Sale	1521	GBP 1.8445
GB0008847096	Sale	1231	GBP 1.8570
GB0008847096	Sale	2148	GBP 1.8585
GB0008847096	Sale	1761	GBP 1.8595
GB0008847096	Sale	4498	GBP 1.8600
GB0008847096	Sale	4381	GBP 1.8605
GB0008847096	Sale	1007	GBP 1.8655
GB0008847096	Sale	1558	GBP 1.8665
GB0008847096	Sale	20042	GBP 1.8670
GB0008847096	Sale	2278	GBP 1.8690
GB0008847096	Sale	97201	GBP 1.8700
GB0008847096	Sale	1406	GBP 1.8705
GB0008847096	Sale	8240	GBP 1.8710
GB0008847096	Sale	11948	GBP 1.8725
GB0008847096	Sale	7209	GBP 1.8728
GB0008847096	Sale	731	GBP 1.8735
GB0008847096	Sale	1904	GBP 1.8755
GB0008847096	Sale	2238	GBP 1.8770
GB0008847096	Sale	865	GBP 1.8775
GB0008847096	Sale	2170	GBP 1.8785
GB0008847096	Sale	3071	GBP 1.8790
GB0008847096	Sale	6323	GBP 1.8795
GB0008847096	Sale	14585	GBP 1.8815
GB0008847096	Sale	33259	GBP 1.8820

(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

(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:	21 November 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	Purchased	279,000	GBp180	American	15/12/2017
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
Ordinary shares	Call Option	Purchased	153,000	GBp190	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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Form 8.3 - Tesco Group plc

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