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

TescoAnnouncement

20/11/2017 15:20

RNS Number : 0116X
BNP Paribas London
20 November 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
17 November 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:
8,849,088
0.11


(2) Cash-settled derivatives:


2,176,955
0.03
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
8,092,000
0.10
7,169,000
0.09
 TOTAL:
16,941,088
0.21
9,345,955
0.11
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
2851
GBP 1.8305
GB0008847096
Purchase
250
GBP 1.8317
GB0008847096
Purchase
49414
GBP 1.8330
GB0008847096
Purchase
9297
GBP 1.8430
GB0008847096
Purchase
724
GBP 1.8435
GB0008847096
Purchase
79961
GBP 1.8470
GB0008847096
Sale
1876
GBP 1.8165
GB0008847096
Sale
3084
GBP 1.8175
GB0008847096
Sale
830
GBP 1.8180
GB0008847096
Sale
2447
GBP 1.8195
GB0008847096
Sale
1572
GBP 1.8200
GB0008847096
Sale
5767
GBP 1.8205
GB0008847096
Sale
1675
GBP 1.8210
GB0008847096
Sale
4924
GBP 1.8230
GB0008847096
Sale
4028
GBP 1.8235
GB0008847096
Sale
3293
GBP 1.8245
GB0008847096
Sale
7966
GBP 1.8250
GB0008847096
Sale
1165
GBP 1.8255
GB0008847096
Sale
2060
GBP 1.8260
GB0008847096
Sale
4932
GBP 1.8265
GB0008847096
Sale
23582
GBP 1.8270
GB0008847096
Sale
17362
GBP 1.8275
GB0008847096
Sale
10818
GBP 1.8280
GB0008847096
Sale
11612
GBP 1.8285
GB0008847096
Sale
475134
GBP 1.8288
GB0008847096
Sale
4862
GBP 1.8290
GB0008847096
Sale
6761
GBP 1.8295
GB0008847096
Sale
53319
GBP 1.8300
GB0008847096
Sale
39558
GBP 1.8305
GB0008847096
Sale
2870
GBP 1.8308
GB0008847096
Sale
46723
GBP 1.8310
GB0008847096
Sale
39751
GBP 1.8315
GB0008847096
Sale
37636
GBP 1.8320
GB0008847096
Sale
28245
GBP 1.8325
GB0008847096
Sale
327361
GBP 1.8330
GB0008847096
Sale
56219
GBP 1.8335
GB0008847096
Sale
31953
GBP 1.8340
GB0008847096
Sale
45154
GBP 1.8345
GB0008847096
Sale
30592
GBP 1.8350
GB0008847096
Sale
33814
GBP 1.8355
GB0008847096
Sale
9588
GBP 1.8360
GB0008847096
Sale
22300
GBP 1.8365
GB0008847096
Sale
667
GBP 1.8368
GB0008847096
Sale
77377
GBP 1.8370
GB0008847096
Sale
11075
GBP 1.8373
GB0008847096
Sale
41377
GBP 1.8375
GB0008847096
Sale
27002
GBP 1.8380
GB0008847096
Sale
597
GBP 1.8383
GB0008847096
Sale
19445
GBP 1.8385
GB0008847096
Sale
37049
GBP 1.8390
GB0008847096
Sale
1489
GBP 1.8393
GB0008847096
Sale
25935
GBP 1.8395
GB0008847096
Sale
2458
GBP 1.8398
GB0008847096
Sale
7978
GBP 1.8400
GB0008847096
Sale
35239
GBP 1.8405
GB0008847096
Sale
22470
GBP 1.8410
GB0008847096
Sale
18599
GBP 1.8415
GB0008847096
Sale
597
GBP 1.8418
GB0008847096
Sale
22666
GBP 1.8420
GB0008847096
Sale
20630
GBP 1.8425
GB0008847096
Sale
33263
GBP 1.8430
GB0008847096
Sale
41678
GBP 1.8435
GB0008847096
Sale
15106
GBP 1.8440
GB0008847096
Sale
6497
GBP 1.8445
GB0008847096
Sale
2767
GBP 1.8450
GB0008847096
Sale
9666
GBP 1.8455
GB0008847096
Sale
9888
GBP 1.8470
(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
GB0008847096
Call Option
Purchasing
153,000
GBp190
American
15/12/2017
GBp2.5
GB0008847096
Put Option
Purchasing
279,000
GBp180
American
15/12/2017
GBp3
(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:
20 November 2017
Contact name:
Gareth Truong
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
Call Option
Written
50,000
GBp195
American
21/12/2018
Ordinary shares
Put Option
Purchased
279,000
GBp180
American
15/12/2017
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
Ordinary shares
Call Option
Purchased
239,000
GBp190
American
16/02/2018
Ordinary shares
Call Option
Purchased
153,000
GBp190
American
15/12/2017
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.

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