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REG - BNP Paribas London Tesco PLC - Form 8.3 - [Tesco Plc] <Origin Href="QuoteRef">TSCO.L</Origin>

RNS Number : 6143R
BNP Paribas London
22 September 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:

BNP PARIBAS GROUP SA

(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

21 September 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"

YES

If YES, specify which:

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:

ORDINARY SHARES (ISIN: GB0008847096)

Interests

Short positions


Number

%

Number

%

(1) Relevant securities owned and/or controlled:

2,808,183

0.03



(2) Cash-settled derivatives:



18,682,635

0.23

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

7,700,000

0.09

6,890,000

0.08

TOTAL:

10,508,183

0.13

25,572,635

0.31

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 Form8 (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

Purchase/sale

Number of securities

Price per unit

GB0008847096

Purchase

2,898

GBP 1.8280

GB0008847096

Purchase

7,936

GBP 1.8285

GB0008847096

Purchase

11,445

GBP 1.8290

GB0008847096

Purchase

5,289

GBP 1.8305

GB0008847096

Purchase

2,870

GBP 1.8310

GB0008847096

Purchase

6,233

GBP 1.8315

GB0008847096

Purchase

1,167

GBP 1.8320

GB0008847096

Purchase

4,018

GBP 1.8325

GB0008847096

Purchase

1,144

GBP 1.8330

GB0008847096

Purchase

640,260

GBP 1.8340

GB0008847096

Purchase

3,462

GBP 1.8385

GB0008847096

Purchase

2,540

GBP 1.8405

GB0008847096

Purchase

5,447

GBP 1.8410

GB0008847096

Purchase

3,621

GBP 1.8420

GB0008847096

Purchase

1,182

GBP 1.8425

GB0008847096

Purchase

3,684

GBP 1.8430

GB0008847096

Purchase

2,856

GBP 1.8440

GB0008847096

Purchase

1,773

GBP 1.8480

GB0008847096

Purchase

3,507

GBP 1.8485

GB0008847096

Purchase

1,053

GBP 1.8500

GB0008847096

Sale

3,774

GBP 1.8270

GB0008847096

Sale

12,824

GBP 1.8275

GB0008847096

Sale

77,316

GBP 1.8280

GB0008847096

Sale

43,364

GBP 1.8285

GB0008847096

Sale

35,189

GBP 1.8290

GB0008847096

Sale

2,731

GBP 1.8293

GB0008847096

Sale

1,060

GBP 1.8300

GB0008847096

Sale

72,107

GBP 1.8305

GB0008847096

Sale

9,875

GBP 1.8310

GB0008847096

Sale

633,255

GBP 1.8311

GB0008847096

Sale

12,303

GBP 1.8315

GB0008847096

Sale

25,827

GBP 1.8320

GB0008847096

Sale

11,203

GBP 1.8325

GB0008847096

Sale

13,867

GBP 1.8335

GB0008847096

Sale

439,569

GBP 1.8340

GB0008847096

Sale

4,979

GBP 1.8345

GB0008847096

Sale

22,533

GBP 1.8350

GB0008847096

Sale

4,384

GBP 1.8353

GB0008847096

Sale

9,745

GBP 1.8355

GB0008847096

Sale

24,217

GBP 1.8360

GB0008847096

Sale

23,839

GBP 1.8370

GB0008847096

Sale

316,628

GBP 1.8371

GB0008847096

Sale

1,973

GBP 1.8380

GB0008847096

Sale

2,796

GBP 1.8385

GB0008847096

Sale

7,982

GBP 1.8390

GB0008847096

Sale

26,700

GBP 1.8395

GB0008847096

Sale

3,787

GBP 1.8410

GB0008847096

Sale

3,239

GBP 1.8415

GB0008847096

Sale

12,570

GBP 1.8420

GB0008847096

Sale

9,218

GBP 1.8423

GB0008847096

Sale

10,990

GBP 1.8500

GB0008847096

Sale

1,585

GBP 1.8505

(b) Cash-settled derivative transactions

Class of relevant security

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






(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 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

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?

YES

Date of disclosure:

22 September 2017

Contact name:

David Burfoot

Telephone number:

0207 595 9695

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:

BNP PARIBAS GROUP SA

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

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

Ordinary shares

Put Option

Purchased

1,000,000

GBp100

American

18/09/2020

Ordinary shares

Put Option

Purchased

4,340,000

GBp180

American

15/12/2017

Ordinary shares

Put Option

Purchased

1,500,000

GBp160

American

21/12/2018

Ordinary shares

Put Option

Written

1,000,000

GBp190

American

17/12/2017

Ordinary shares

Put Option

Written

2,000,000

GBp100

American

18/12/2020

Ordinary shares

Put Option

Written

3,000,000

GBp100

American

16/10/2020

Ordinary shares

Put Option

Written

1,700,000

GBp100

American

18/12/2020

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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