Company Announcements
Form 8.5 - TESCO PLC - Amendment
Related Companies
By Business Wire
FORM 8.5 (EPT/NON-RI) AMENDMENT TO SALES AND PURCHASES
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 relevant securities
this form relates:
Use a separate form for each offeror/offeree |
TESCO PLC |
|
| (c) Name of the party to the offer with which exempt principal trader is connected: |
TESCO PLC |
|
|
(d) Date position held/dealing undertaken:
For an opening position disclosure, state the latest practicable date prior to the disclosure |
29 Nov 2017 |
|
|
(e) In addition to the company in 1(b) above, is the exempt
principal trader 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 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 | 0 | |||||||||
| Interests | Short Positions | ||||||||||
| Number | (%) | Number | (%) | ||||||||
| (1) | Relevant securities owned | ||||||||||
| and/or controlled: | 47,241,159 | 0.58% | 45,473,635 | 0.56% | |||||||
| (2) | Cash-settled derivatives: | ||||||||||
| 26,991,877 | 0.33% | 27,839,020 | 0.34% | ||||||||
| (3) | Stock-settled derivatives (including options) | ||||||||||
| and agreements to purchase/sell: | 1,000,000 | 0.01% | 1,000,000 | 0.01% | |||||||
| (4) | |||||||||||
| TOTAL: | 75,233,036 | 0.92% | 74,312,655 | 0.91% |
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 | 2,760,058 | 1.9895 GBP | 1.939 GBP | |||||
| 5p ordinary | Sale | 4,313,580 | 1.9896 GBP | 1.939 GBP | |||||
| ADR | Purchase | 5,792 | 7.9442 USD | 7.8823 USD | |||||
| ADR | Sale | 5,792 | 7.9442 USD | 7.8823 USD | |||||
| (b) | Cash-settled derivative transactions | ||||||||
| Class of | Product | Nature of dealing | Number of | Price per | |||||
| relevant | description | reference | unit | ||||||
| security | securities | ||||||||
| 5p ordinary | CFD | Long | 41 | 1.9851 GBP | |||||
| 5p ordinary | CFD | Long | 75 | 1.9850 GBP | |||||
| 5p ordinary | CFD | Long | 641 | 1.9896 GBP | |||||
| 5p ordinary | CFD | Long | 795 | 1.9749 GBP | |||||
| 5p ordinary | CFD | Long | 2,000 | 1.9708 GBP | |||||
| 5p ordinary | CFD | Long | 5,060 | 1.9843 GBP | |||||
| 5p ordinary | CFD | Long | 5,515 | 1.9753 GBP | |||||
| 5p ordinary | SWAP | Long | 5,782 | 1.9773 GBP | |||||
| 5p ordinary | CFD | Long | 6,299 | 1.9831 GBP | |||||
| 5p ordinary | CFD | Long | 8,254 | 1.9626 GBP | |||||
| 5p ordinary | CFD | Long | 8,863 | 1.9697 GBP | |||||
| 5p ordinary | SWAP | Long | 15,181 | 1.9812 GBP | |||||
| 5p ordinary | CFD | Long | 31,338 | 1.9712 GBP | |||||
| 5p ordinary | SWAP | Long | 41,177 | 1.9695 GBP | |||||
| 5p ordinary | CFD | Long | 62,240 | 1.9715 GBP | |||||
| 5p ordinary | CFD | Long | 70,000 | 1.9798 GBP | |||||
| 5p ordinary | CFD | Long | 80,931 | 1.9775 GBP | |||||
| 5p ordinary | CFD | Long | 122,244 | 1.9501 GBP | |||||
| 5p ordinary | SWAP | Long | 225,881 | 1.9772 GBP | |||||
| 5p ordinary | CFD | Long | 266,148 | 1.9726 GBP | |||||
| 5p ordinary | SWAP | Long | 475,134 | 1.9635 GBP | |||||
| 5p ordinary | SWAP | Long | 663,242 | 1.9757 GBP | |||||
| 5p ordinary | CFD | Long | 1,139,907 | 1.9732 GBP | |||||
| 5p ordinary | CFD | Short | 76 | 1.9663 GBP | |||||
| 5p ordinary | SWAP | Short | 500 | 1.9717 GBP | |||||
| 5p ordinary | CFD | Short | 1,106 | 1.9793 GBP | |||||
| 5p ordinary | CFD | Short | 2,682 | 1.9829 GBP | |||||
| 5p ordinary | CFD | Short | 3,315 | 1.9827 GBP | |||||
| 5p ordinary | CFD | Short | 3,868 | 1.9632 GBP | |||||
| 5p ordinary | CFD | Short | 6,788 | 1.9682 GBP | |||||
| 5p ordinary | CFD | Short | 15,230 | 1.9674 GBP | |||||
| 5p ordinary | CFD | Short | 17,735 | 1.9718 GBP | |||||
| 5p ordinary | CFD | Short | 25,000 | 1.9624 GBP | |||||
| 5p ordinary | CFD | Short | 25,000 | 1.9625 GBP | |||||
| 5p ordinary | CFD | Short | 25,000 | 1.9626 GBP | |||||
| 5p ordinary | CFD | Short | 25,000 | 1.9631 GBP | |||||
| 5p ordinary | CFD | Short | 25,000 | 1.9635 GBP | |||||
| 5p ordinary | CFD | Short | 25,000 | 1.9636 GBP | |||||
| 5p ordinary | CFD | Short | 25,000 | 1.9640 GBP | |||||
| 5p ordinary | CFD | Short | 25,000 | 1.9646 GBP | |||||
| 5p ordinary | CFD | Short | 25,953 | 1.9801 GBP | |||||
| 5p ordinary | CFD | Short | 26,733 | 1.9610 GBP | |||||
| 5p ordinary | CFD | Short | 46,820 | 1.9719 GBP | |||||
| 5p ordinary | CFD | Short | 66,220 | 1.9662 GBP | |||||
| 5p ordinary | SWAP | Short | 382,196 | 1.9757 GBP | |||||
| 5p ordinary | SWAP | Short | 418,122 | 1.9800 GBP | |||||
| 5p ordinary | SWAP | Short | 512,472 | 1.9740 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: |
5 DEC 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
| Full name of person making disclosure: |
BARCLAYS CAPITAL SECURITIES LTD |
|
| Name of offeror/offeree in relation to whose relevant securities the disclosure relates: |
TESCO PLC |
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171205005789/en/
Copyright Business Wire 2017
You are here: news > regulatory news
10 Lower Thames St,
London EC3R 6EN