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Tesco RNS Release

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


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

FORM 8.5 (EPT/NON-RI) AMENDMENT TO SALES

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: 28 December 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: 46,197,358 0.56% 40,397,108 0.49%
           
(2) Cash-settled derivatives:
15,763,473 0.19% 26,439,047 0.32%
           
(3) Stock-settled derivatives (including options)
and agreements to purchase/sell: 0 0.00% 0 0.00%
           
(4)
TOTAL: 61,960,831 0.75% 66,836,155 0.82%

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 1,184,749 2.0945 GBP 2.0795 GBP
5p ordinary Sale 1,896,041 2.0950 GBP 2.0795 GBP
ADR Purchase 4,005 8.3880 USD 8.3880 USD
ADR Sale 4,005 8.3880 USD 8.3880 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 783 2.0848 GBP
5p ordinary SWAP Long 1,271 2.0866 GBP
5p ordinary SWAP Long 1,415 2.0915 GBP
5p ordinary CFD Long 8,576 2.0941 GBP
5p ordinary CFD Long 12,015 2.0818 GBP
5p ordinary CFD Long 27,931 2.0887 GBP
5p ordinary SWAP Long 31,624 2.0840 GBP
5p ordinary SWAP Long 32,225 2.0841 GBP
5p ordinary CFD Long 33,362 2.0912 GBP
5p ordinary CFD Long 42,582 2.0832 GBP
5p ordinary SWAP Long 95,950 2.0918 GBP
5p ordinary CFD Long 434,015 2.0862 GBP
5p ordinary CFD Long 743,440 2.0826 GBP
5p ordinary CFD Short 367 2.0800 GBP
5p ordinary SWAP Short 514 2.0872 GBP
5p ordinary CFD Short 743 2.0865 GBP
5p ordinary CFD Short 1,339 2.0885 GBP
5p ordinary SWAP Short 3,312 2.0886 GBP
5p ordinary SWAP Short 3,326 2.0882 GBP
5p ordinary SWAP Short 5,258 2.0914 GBP
5p ordinary SWAP Short 6,533 2.0842 GBP
5p ordinary SWAP Short 7,043 2.0895 GBP
5p ordinary SWAP Short 7,150 2.0897 GBP
5p ordinary SWAP Short 10,326 2.0924 GBP
5p ordinary SWAP Short 11,329 2.0912 GBP
5p ordinary SWAP Short 19,105 2.0908 GBP
5p ordinary SWAP Short 19,852 2.0901 GBP
5p ordinary CFD Short 20,629 2.0892 GBP
5p ordinary CFD Short 21,018 2.0797 GBP
5p ordinary SWAP Short 27,907 2.0915 GBP
5p ordinary SWAP Short 33,161 2.0913 GBP
5p ordinary CFD Short 178,681 2.0887 GBP
5p ordinary SWAP Short 180,334 2.0869 GBP
5p ordinary SWAP Short 290,375 2.0866 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?   NO
Date of disclosure: 3 Jan 2018
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 .

BARCLAYS PLC

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