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

LONDON--(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:		27 January 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:				ORD
				Interests				Short Positions
				Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		36,680,536		0.45%		20,161,072		0.25%
(2)		Cash-settled derivatives:
				13,667,641		0.17%		19,517,097		0.24%
(3)		Stock-settled derivatives (including options)
		and agreements to purchase/sell:		0		0.00%		0		0.00%
(4)
		TOTAL:		50,348,177		0.62%		39,678,169		0.49%

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 ORD		Purchase		9,553,685		2.1047 GBP		2.0225 GBP
5p ORD		Sale		23,082,730		2.1047 GBP		2.0022 GBP
ADR		Purchase		29,298		7.8264 USD		7.75 USD
ADR		Sale		29,298		7.8264 USD		7.75 USD

(b) Cash-settled derivative transactions

Class of		Product		Nature of dealing		Number of		Price per
relevant		description				reference		unit
security						securities
5p ORD		CFD		Long		100		2.0718 GBP
5p ORD		CFD		Long		100		2.0878 GBP
5p ORD		CFD		Long		12,104		2.0904 GBP
5p ORD		CFD		Long		15,000		2.0706 GBP
5p ORD		CFD		Long		15,000		2.0738 GBP
5p ORD		CFD		Long		15,000		2.0823 GBP
5p ORD		CFD		Long		15,000		2.0853 GBP
5p ORD		CFD		Long		25,000		2.0688 GBP
5p ORD		CFD		Long		25,000		2.0778 GBP
5p ORD		CFD		Long		25,000		2.0793 GBP
5p ORD		CFD		Long		25,000		2.0808 GBP
5p ORD		CFD		Long		25,000		2.0814 GBP
5p ORD		CFD		Long		25,000		2.0835 GBP
5p ORD		CFD		Long		25,000		2.0848 GBP
5p ORD		CFD		Long		25,000		2.0898 GBP
5p ORD		CFD		Long		29,845		2.0653 GBP
5p ORD		CFD		Long		43,645		2.0547 GBP
5p ORD		CFD		Long		50,000		2.0774 GBP
5p ORD		CFD		Long		50,000		2.0788 GBP
5p ORD		CFD		Long		50,000		2.0838 GBP
5p ORD		CFD		Long		50,000		2.0893 GBP
5p ORD		CFD		Long		50,000		2.0918 GBP
5p ORD		CFD		Long		50,000		2.0944 GBP
5p ORD		CFD		Long		57,401		2.0632 GBP
5p ORD		CFD		Long		60,913		2.0613 GBP
5p ORD		SWAP		Long		63,086		2.0786 GBP
5p ORD		CFD		Long		75,000		2.0813 GBP
5p ORD		CFD		Long		82,722		2.0601 GBP
5p ORD		SWAP		Long		99,393		2.0543 GBP
5p ORD		CFD		Long		121,205		2.0676 GBP
5p ORD		CFD		Long		183,662		2.0818 GBP
5p ORD		SWAP		Long		183,662		2.0818 GBP
5p ORD		SWAP		Long		254,961		2.0726 GBP
5p ORD		SWAP		Long		312,505		2.0811 GBP
5p ORD		CFD		Long		343,294		2.0929 GBP
5p ORD		SWAP		Long		605,957		2.0556 GBP
5p ORD		CFD		Long		758,439		2.0654 GBP
5p ORD		CFD		Long		767,466		2.0603 GBP
5p ORD		SWAP		Long		846,312		2.0680 GBP
5p ORD		CFD		Long		1,382,651		2.0685 GBP
5p ORD		CFD		Long		1,696,447		2.0703 GBP
5p ORD		CFD		Long		5,891,679		2.0655 GBP
5p ORD		SWAP		Long		5,891,679		2.0655 GBP
5p ORD		SWAP		Short		8		2.0612 GBP
5p ORD		SWAP		Short		515		2.1032 GBP
5p ORD		SWAP		Short		4,207		2.0573 GBP
5p ORD		CFD		Short		16,040		2.0371 GBP
5p ORD		SWAP		Short		16,060		2.0400 GBP
5p ORD		CFD		Short		23,025		2.0656 GBP
5p ORD		SWAP		Short		27,002		2.0686 GBP
5p ORD		SWAP		Short		32,313		2.0499 GBP
5p ORD		CFD		Short		32,384		2.0401 GBP
5p ORD		SWAP		Short		34,096		2.0737 GBP
5p ORD		SWAP		Short		34,575		2.0539 GBP
5p ORD		SWAP		Short		45,721		2.0603 GBP
5p ORD		CFD		Short		50,000		2.0741 GBP
5p ORD		CFD		Short		50,000		2.0774 GBP
5p ORD		SWAP		Short		53,350		2.0696 GBP
5p ORD		SWAP		Short		60,523		2.0563 GBP
5p ORD		SWAP		Short		67,781		2.0578 GBP
5p ORD		SWAP		Short		76,593		2.0721 GBP
5p ORD		SWAP		Short		79,660		2.0461 GBP
5p ORD		SWAP		Short		87,151		2.0633 GBP
5p ORD		SWAP		Short		115,657		2.0583 GBP
5p ORD		CFD		Short		115,995		2.0446 GBP
5p ORD		SWAP		Short		130,031		2.0778 GBP
5p ORD		SWAP		Short		142,292		2.0610 GBP
5p ORD		SWAP		Short		245,915		2.0674 GBP
5p ORD		SWAP		Short		254,929		2.0728 GBP
5p ORD		SWAP		Short		465,137		2.0661 GBP
5p ORD		SWAP		Short		565,532		2.0478 GBP
5p ORD		SWAP		Short		977,576		2.0765 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:		30 Jan 2017
Contact name:		Hemika Mistry
Telephone number:		020 7116 3891

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 [phone].

The Code can be viewed on the Panel's website atwww.thetakeoverpanel.org.uk.

143221.01

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

ORD

Call Options

Purchased

1,943,618

2.4248

European

7 Apr 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 [phone].

The Code can be viewed on the Panel's website atwww.thetakeoverpanel.org.uk.

View source version on businesswire.com:http://www.businesswire.com/news/home/20170130005509/en/

BARCLAYS PLC

Source: BARCLAYS PLC