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Form 8.3 - Tesco Plc

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By LSE RNS

RNS Number : 5411Z

Citadel Group

15 December 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	14 December, 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:	191,440	0.00	0	0.00
(2) Cash-settled derivatives:	86,059,400	1.05	359,363	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	438,000	0.01	328,000	0.00
TOTAL:	86,688,840	1.06	687,363	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	2,686	2.0555 GBP
Common Stock	Purchase	5,819	2.056 GBP
Common Stock	Purchase	2,101	2.0565 GBP
Common Stock	Purchase	2,529	2.057 GBP
Common Stock	Purchase	2,150	2.0575 GBP
Common Stock	Purchase	10,535	2.058 GBP
Common Stock	Purchase	604	2.0585 GBP
Common Stock	Purchase	3,981	2.0595 GBP
Common Stock	Purchase	9,111	2.06 GBP
Common Stock	Purchase	2,446	2.0605 GBP
Common Stock	Purchase	6,170	2.062 GBP
Common Stock	Purchase	11,585	2.0625 GBP
Common Stock	Purchase	241	2.063 GBP
Common Stock	Purchase	9,873	2.0635 GBP
Common Stock	Purchase	7,571	2.064 GBP
Common Stock	Purchase	2,400	2.0645 GBP
Common Stock	Purchase	9,114	2.065 GBP
Common Stock	Purchase	13,819	2.0655 GBP
Common Stock	Purchase	15,075	2.066 GBP
Common Stock	Purchase	26,554	2.0665 GBP
Common Stock	Purchase	5,370	2.067 GBP
Common Stock	Purchase	2,681	2.0675 GBP
Common Stock	Purchase	9,542	2.069 GBP
Common Stock	Purchase	344,710	2.0695 GBP
Common Stock	Purchase	23,723	2.07 GBP
Common Stock	Purchase	10,393	2.0705 GBP
Common Stock	Purchase	23,237	2.071 GBP
Common Stock	Purchase	26,460	2.0715 GBP
Common Stock	Purchase	57,426	2.072 GBP
Common Stock	Purchase	58,109	2.0725 GBP
Common Stock	Purchase	108,824	2.073 GBP
Common Stock	Purchase	1,071	2.0732 GBP
Common Stock	Purchase	70,517	2.0735 GBP
Common Stock	Purchase	135,953	2.074 GBP
Common Stock	Purchase	355,152	2.0745 GBP
Common Stock	Purchase	267,802	2.075 GBP
Common Stock	Purchase	152,141	2.0755 GBP
Common Stock	Purchase	175	2.0758 GBP
Common Stock	Purchase	115,225	2.076 GBP
Common Stock	Purchase	107,110	2.0765 GBP
Common Stock	Purchase	47,214	2.077 GBP
Common Stock	Purchase	2,871	2.0773 GBP
Common Stock	Purchase	111,159	2.0775 GBP
Common Stock	Purchase	66,394	2.078 GBP
Common Stock	Purchase	37,228	2.0785 GBP
Common Stock	Purchase	27,926	2.079 GBP
Common Stock	Purchase	39,413	2.0795 GBP
Common Stock	Purchase	16,852	2.08 GBP
Common Stock	Purchase	5,444	2.0805 GBP
Common Stock	Purchase	6,200	2.081 GBP
Common Stock	Sale	-1,341	2.055 GBP
Common Stock	Sale	-894	2.058 GBP
Common Stock	Sale	-5,655	2.0585 GBP
Common Stock	Sale	-1,200	2.059 GBP
Common Stock	Sale	-1,600	2.06 GBP
Common Stock	Sale	-1,200	2.062 GBP
Common Stock	Sale	-2,134	2.063 GBP
Common Stock	Sale	-4,590	2.064 GBP
Common Stock	Sale	-3,041	2.065 GBP
Common Stock	Sale	-2,400	2.0655 GBP
Common Stock	Sale	-3,200	2.0665 GBP
Common Stock	Sale	-36,332	2.067 GBP
Common Stock	Sale	-3,500	2.068 GBP
Common Stock	Sale	-22,649	2.0685 GBP
Common Stock	Sale	-5,569	2.069 GBP
Common Stock	Sale	-1,132	2.0695 GBP
Common Stock	Sale	-30,024	2.07 GBP
Common Stock	Sale	-10,032	2.0705 GBP
Common Stock	Sale	-22,521	2.071 GBP
Common Stock	Sale	-95,725	2.0715 GBP
Common Stock	Sale	-26,883	2.072 GBP
Common Stock	Sale	-102,862	2.0725 GBP
Common Stock	Sale	-63,930	2.073 GBP
Common Stock	Sale	-95,690	2.0735 GBP
Common Stock	Sale	-227,332	2.074 GBP
Common Stock	Sale	-236,970	2.0745 GBP
Common Stock	Sale	-124,322	2.075 GBP
Common Stock	Sale	-123,168	2.0755 GBP
Common Stock	Sale	-67,488	2.076 GBP
Common Stock	Sale	-42,274	2.0765 GBP
Common Stock	Sale	-35,109	2.077 GBP
Common Stock	Sale	-59,559	2.0775 GBP
Common Stock	Sale	-64,450	2.078 GBP
Common Stock	Sale	-40,060	2.0785 GBP
Common Stock	Sale	-40,066	2.079 GBP
Common Stock	Sale	-31,062	2.0795 GBP
Common Stock	Sale	-41,370	2.08 GBP
Common Stock	Sale	-22,320	2.0805 GBP
Common Stock	Sale	-1,700	2.0815 GBP
Common Stock	Sale	-900	2.0825 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	1,022	2.062202 GBP
Common Stock	CFD	Increasing long position	14,585	2.062889 GBP
Common Stock	CFD	Increasing long position	88,882	2.073766 GBP
Common Stock	CFD	Increasing long position	168,749	2.073766 GBP
Common Stock	CFD	Increasing long position	560	2.074268 GBP
Common Stock	CFD	Increasing short position	-181	2.0755 GBP
Common Stock	CFD	Increasing short position	-180	2.0755 GBP
Common Stock	CFD	Increasing short position	-972	2.0775 GBP
Common Stock	CFD	Increasing short position	-82,651	2.077836 GBP
Common Stock	CFD	Increasing short position	-44,777	2.077849 GBP
Common Stock	CFD	Reducing long position	-226,616	2.073045 GBP
Common Stock	CFD	Reducing long position	-76,018	2.073045 GBP
Common Stock	CFD	Reducing long position	-11,034	2.073045 GBP
Common Stock	CFD	Reducing long position	-1,398	2.073045 GBP
Common Stock	CFD	Reducing long position	-1,376	2.073045 GBP
Common Stock	CFD	Reducing long position	-250,055	2.073312 GBP
Common Stock	CFD	Reducing long position	-161,485	2.073312 GBP
Common Stock	CFD	Reducing long position	-155,319	2.073312 GBP
Common Stock	CFD	Reducing long position	-122,999	2.073312 GBP
Common Stock	CFD	Reducing long position	-80,456	2.073312 GBP
Common Stock	CFD	Reducing long position	-28,857	2.073312 GBP
Common Stock	CFD	Reducing long position	-4,712	2.073312 GBP
Common Stock	CFD	Reducing long position	-3,489	2.073312 GBP
Common Stock	CFD	Reducing long position	-2,073	2.073312 GBP
Common Stock	CFD	Reducing long position	-21,065	2.077836 GBP
Common Stock	CFD	Reducing short position	2,611	2.07361 GBP
Common Stock	CFD	Reducing short position	66,172	2.07361 GBP
Common Stock	CFD	Reducing short position	100,592	2.07361 GBP

(i) Writing, selling, purchasing or varying

Class of relevant security

ISIN

GB0008847096

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

Common

Call Option

Purchasing

1,000

2.2 GBP

American

20/04/2018

0.06 GBP

Common

Call Option

Purchasing

17,000

1.95 GBP

American

19/01/2018

0.145 GBP

(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:	15 December, 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	Call Option	Purchased	2000	1.7 USD	American	15/12/2017
Common	Put Option	Written	45000	1.95 USD	American	15/12/2017
Common	Put Option	Written	1000	2.4 USD	American	15/12/2017
Common	Put Option	Purchased	-2000	1.8 USD	American	19/01/2018
Common	Call Option	Purchased	60000	1.9 USD	American	15/12/2017
Common	Call Option	Written	-73000	1.95 USD	American	15/12/2017
Common	Call Option	Purchased	25000	1.85 USD	American	15/12/2017
Common	Put Option	Purchased	-220000	2 USD	American	19/01/2018
Common	Call Option	Purchased	330000	2.2 USD	American	16/03/2018
Common	Put Option	Written	13000	2 USD	American	16/03/2018
Common	Call Option	Purchased	1000	2 USD	American	19/01/2018
Common	Put Option	Purchased	-30000	1.6 USD	American	15/12/2017
Common	Put Option	Written	10000	2.2 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	Call Option	Purchased	1000	2.2 USD	American	20/04/2018
Common	Put Option	Purchased	-35000	1.6 USD	American	19/01/2018
Common	Call Option	Purchased	5000	2.1 USD	American	19/01/2018
Common	Call Option	Purchased	23000	1.9 USD	American	19/01/2018
Common	Call Option	Purchased	30000	2.05 USD	American	19/01/2018
Common	Call Option	Written	-32000	1.95 USD	American	19/01/2018
Common	Put Option	Purchased	-30000	1.7 USD	American	19/01/2018
Common	Call Option	Purchased	27000	2.1 USD	American	16/02/2018
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	-35000	1.5 USD	American	16/03/2018
Common	Put Option	Purchased	-1000	1.9 USD	American	18/05/2018
Common	Put Option	Purchased	-35000	1.65 USD	American	19/01/2018
Common	Put Option	Purchased	-5000	1.85 USD	American	21/09/2018
Common	Put Option	Written	2000	2.05 USD	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

END

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