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Form 8.5 (EPT/NON-RI) - TESCO PLC

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By Business Wire

FORM 8.5 (EPT/NON-RI)

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the “Code”)

1. KEY INFORMATION

(a)   Name of exempt principal trader:   BARCLAYS CAPITAL SECURITIES LTD
(b) Name of offeror/offeree in relation to whose TESCO PLC
  relevant securities this form relates:  
(c) Name of the party to the offer with which exempt TESCO PLC
  principal trader is connected  
(d) Date position held/dealing undertaken: 22 November 2017
(e) In addition to the company in 1(b) above, is the exempt principal YES:
  trader making disclosures in respect of any other party to the offer? BOOKER GROUP PLC

2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER

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(b), 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:       5p ordinary
Interests   Short Positions
    Number   (%) Number   (%)
(1) Relevant securities owned
and/or controlled: 42,633,030 0.52% 44,925,145 0.55%
           
(2) Cash-settled derivatives:
26,751,968 0.33% 24,074,618 0.29%
           
(3) Stock-settled derivatives (including options)
and agreements to purchase/sell: 1,000,000 0.01% 1,000,000 0.01%
           
(4)
TOTAL: 70,384,998 0.86% 69,999,763 0.85%

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 EXEMPT PRINCIPAL TRADER

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), 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   Purchase/sale   Total number of   Highest price per unit   Lowest price per unit
security   securities paid/received paid/received
5p ordinary Purchase 2,904,412 1.9520 GBP 1.8855 GBP
5p ordinary Sale 7,482,804 1.9520 GBP 1.8865 GBP
ADR Purchase 44,091 7.7018 USD 7.6875 USD
ADR Sale 44,091 7.7018 USD 7.6875 USD

(b) Cash-settled derivative transactions

Class of   Product   Nature of dealing   Number of   Price per
relevant description reference unit
security     securities  
5p ordinary SWAP Long 1,356 1.9180 GBP
5p ordinary SWAP Long 2,931 1.9199 GBP
5p ordinary SWAP Long 4,453 1.9371 GBP
5p ordinary SWAP Long 6,795 1.9147 GBP
5p ordinary SWAP Long 11,122 1.9242 GBP
5p ordinary SWAP Long 11,758 1.9395 GBP
5p ordinary SWAP Long 15,812 1.9290 GBP
5p ordinary SWAP Long 19,197 1.9328 GBP
5p ordinary SWAP Long 24,229 1.9302 GBP
5p ordinary SWAP Long 28,424 1.9434 GBP
5p ordinary CFD Long 35,803 1.9380 GBP
5p ordinary SWAP Long 37,924 1.9301 GBP
5p ordinary SWAP Long 37,995 1.9326 GBP
5p ordinary SWAP Long 39,378 1.9432 GBP
5p ordinary CFD Long 39,559 1.9254 GBP
5p ordinary SWAP Long 40,481 1.9400 GBP
5p ordinary SWAP Long 41,158 1.9204 GBP
5p ordinary CFD Long 54,942 1.9438 GBP
5p ordinary SWAP Long 60,523 1.8867 GBP
5p ordinary SWAP Long 62,272 1.9367 GBP
5p ordinary CFD Long 97,088 1.9439 GBP
5p ordinary SWAP Long 132,894 1.9440 GBP
5p ordinary CFD Long 198,467 1.9419 GBP
5p ordinary SWAP Long 308,297 1.9257 GBP
5p ordinary CFD Long 332,684 1.9202 GBP
5p ordinary SWAP Long 340,435 1.9430 GBP
5p ordinary CFD Long 350,242 1.9341 GBP
5p ordinary SWAP Long 350,242 1.9341 GBP
5p ordinary CFD Long 379,411 1.9282 GBP
5p ordinary SWAP Long 511,429 1.9362 GBP
5p ordinary CFD Long 535,079 1.9378 GBP
5p ordinary SWAP Long 535,079 1.9378 GBP
5p ordinary SWAP Long 1,117,795 1.9264 GBP
5p ordinary CFD Short 10 1.9420 GBP
5p ordinary CFD Short 100 1.9357 GBP
5p ordinary SWAP Short 100 1.9442 GBP
5p ordinary CFD Short 263 1.9423 GBP
5p ordinary CFD Short 275 1.9445 GBP
5p ordinary CFD Short 353 1.9425 GBP
5p ordinary CFD Short 805 1.9255 GBP
5p ordinary CFD Short 4,847 1.9438 GBP
5p ordinary CFD Short 4,917 1.9183 GBP
5p ordinary CFD Short 5,405 1.9227 GBP
5p ordinary SWAP Short 6,190 1.8855 GBP
5p ordinary CFD Short 9,713 1.9231 GBP
5p ordinary CFD Short 11,745 1.8941 GBP
5p ordinary SWAP Short 18,300 1.9339 GBP
5p ordinary SWAP Short 19,302 1.9451 GBP
5p ordinary CFD Short 23,845 1.9157 GBP
5p ordinary SWAP Short 69,639 1.9128 GBP
5p ordinary CFD Short 102,606 1.9417 GBP
5p ordinary SWAP Expires 24/11/2018 Short 130,933 1.9426 GBP
5p ordinary SWAP Short 382,669 1.9402 GBP

(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 exempt principal trader 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 exempt principal trader 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: 23 Nov 2017
Contact name: Jay Supaya
Telephone number: 020 7773 0635

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

Identity of the person whose positions/dealings   BARCLAYS CAPITAL SECURITIES LTD
are being disclosed:  
Name of offeror/offeree in relation to whose TESCO PLC
relevant securities this from relates:  

2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)

Class   Product   Writing,   Number   Exercise   Type   Expiry
of description purchasing, of price date
relevant selling, securities per unit
security varying etc to which
option
      relates      
5p ordinary Call Options Purchased 1,000,000 185.0000 American 15 Dec 2017
5p ordinary Put Options Purchased -1,000,000 185.0000 American 15 Dec 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.

Copyright Business Wire 2017

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