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

TescoAnnouncement

10/07/2017 15:55

RNS Number : 6324K
BNP Paribas London
10 July 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")
AMENDMENT
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
5 July 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:


2,033,896
0.02
(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
10,990,000
0.13
 TOTAL:
7,700,000
0.13
31,706,531
0.39
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
349
GBP1.6905
GB0008847096
Purchase
1,004
GBP1.6965
GB0008847096
Purchase
2,095
GBP1.6975
GB0008847096
Purchase
2,599
GBP1.7180
GB0008847096
Purchase
1,788
GBP1.7185
GB0008847096
Purchase
567
GBP1.7190
GB0008847096
Purchase
1,987
GBP1.7205
GB0008847096
Purchase
6,301
GBP1.7210
GB0008847096
Purchase
2,577
GBP1.7240
GB0008847096
Purchase
4,646
GBP1.7255
GB0008847096
Purchase
3,575
GBP1.7265
GB0008847096
Purchase
2,173
GBP1.7270
GB0008847096
Purchase
525
GBP1.7275
GB0008847096
Purchase
8,624
GBP1.7280
GB0008847096
Purchase
8,473
GBP1.7285
GB0008847096
Purchase
324,111
GBP1.7290
GB0008847096
Purchase
4,076
GBP1.7315
GB0008847096
Purchase
2,732
GBP1.7325
GB0008847096
Purchase
25,702
GBP1.7330
GB0008847096
Purchase
3,520
GBP1.7335
GB0008847096
Purchase
24,243
GBP1.7340
GB0008847096
Purchase
160,994
GBP1.7345
GB0008847096
Purchase
3,207
GBP1.7350
GB0008847096
Purchase
646
GBP1.7355
GB0008847096
Purchase
11,022
GBP1.7360
GB0008847096
Purchase
3,335
GBP1.7365
GB0008847096
Purchase
13,354
GBP1.7370
GB0008847096
Purchase
43,990
GBP1.7375
GB0008847096
Purchase
18,546
GBP1.7380
GB0008847096
Purchase
7,153
GBP1.7385
GB0008847096
Purchase
13,745
GBP1.7390
GB0008847096
Purchase
23,579
GBP1.7395
GB0008847096
Purchase
30,563
GBP1.7400
GB0008847096
Purchase
12,072
GBP1.7405
GB0008847096
Purchase
20,152
GBP1.7410
GB0008847096
Purchase
3,177
GBP1.7415
GB0008847096
Purchase
1,112
GBP1.7420
GB0008847096
Purchase
1,546
GBP1.7425
GB0008847096
Purchase
2,365
GBP1.7430
GB0008847096
Purchase
3,489
GBP1.7435
GB0008847096
Purchase
2,408
GBP1.7440
GB0008847096
Purchase
9,222
GBP1.7450
GB0008847096
Purchase
4,720
GBP1.7475
GB0008847096
Sale
1,218
GBP1.6745
GB0008847096
Sale
2,617
GBP1.6800
GB0008847096
Sale
1,265
GBP1.6855
GB0008847096
Sale
1,343
GBP1.6860
GB0008847096
Sale
2,112
GBP1.6900
GB0008847096
Sale
4,228
GBP1.6905
GB0008847096
Sale
4,875
GBP1.6945
GB0008847096
Sale
1,903
GBP1.6960
GB0008847096
Sale
3,951
GBP1.6965
GB0008847096
Sale
3,256
GBP1.6970
GB0008847096
Sale
2,886
GBP1.6975
GB0008847096
Sale
3,032
GBP1.6980
GB0008847096
Sale
2,590
GBP1.6985
GB0008847096
Sale
1,303
GBP1.6990
GB0008847096
Sale
1,479
GBP1.6995
GB0008847096
Sale
1,148
GBP1.7020
GB0008847096
Sale
1,153
GBP1.7050
GB0008847096
Sale
1,306
GBP1.7075
GB0008847096
Sale
1,271
GBP1.7080
GB0008847096
Sale
2,188
GBP1.7110
GB0008847096
Sale
3,943
GBP1.7115
GB0008847096
Sale
1,236
GBP1.7120
GB0008847096
Sale
2,566
GBP1.7145
GB0008847096
Sale
1,757
GBP1.7150
GB0008847096
Sale
1,176
GBP1.7160
GB0008847096
Sale
2,118
GBP1.7165
GB0008847096
Sale
3,761
GBP1.7170
GB0008847096
Sale
1,328
GBP1.7185
GB0008847096
Sale
7,460
GBP1.7190
GB0008847096
Sale
14,578
GBP1.7195
GB0008847096
Sale
10,700
GBP1.7200
GB0008847096
Sale
6,645
GBP1.7205
GB0008847096
Sale
34,728
GBP1.7210
GB0008847096
Sale
25,578
GBP1.7215
GB0008847096
Sale
6,676
GBP1.7220
GB0008847096
Sale
1,744
GBP1.7225
GB0008847096
Sale
6,060
GBP1.7230
GB0008847096
Sale
25,996
GBP1.7240
GB0008847096
Sale
16,743
GBP1.7245
GB0008847096
Sale
6,704
GBP1.7250
GB0008847096
Sale
6,585
GBP1.7255
GB0008847096
Sale
9,176
GBP1.7260
GB0008847096
Sale
30,437
GBP1.7265
GB0008847096
Sale
17,009
GBP1.7270
GB0008847096
Sale
17,933
GBP1.7275
GB0008847096
Sale
63,013
GBP1.7280
GB0008847096
Sale
33,852
GBP1.7285
GB0008847096
Sale
5,509
GBP1.7290
GB0008847096
Sale
22,195
GBP1.7295
GB0008847096
Sale
1,273
GBP1.7300
GB0008847096
Sale
1,261
GBP1.7305
GB0008847096
Sale
107
GBP1.7310
GB0008847096
Sale
1,260
GBP1.7320
GB0008847096
Sale
4,630
GBP1.7325
GB0008847096
Sale
1,530
GBP1.7330
GB0008847096
Sale
13,025
GBP1.7335
GB0008847096
Sale
3,960,600
GBP1.7338
GB0008847096
Sale
28,703
GBP1.7340
GB0008847096
Sale
981,744
GBP1.7345
GB0008847096
Sale
28,212
GBP1.7350
GB0008847096
Sale
711
GBP1.7353
GB0008847096
Sale
21,895
GBP1.7355
GB0008847096
Sale
23,680
GBP1.7360
GB0008847096
Sale
26,480
GBP1.7365
GB0008847096
Sale
20,153
GBP1.7370
GB0008847096
Sale
12,659
GBP1.7375
GB0008847096
Sale
513
GBP1.7378
GB0008847096
Sale
32,017
GBP1.7380
GB0008847096
Sale
8,741
GBP1.7385
GB0008847096
Sale
3,871
GBP1.7390
GB0008847096
Sale
100,000
GBP1.7391
GB0008847096
Sale
4,444
GBP1.7395
GB0008847096
Sale
12,633
GBP1.7400
GB0008847096
Sale
10,544
GBP1.7405
GB0008847096
Sale
36,119
GBP1.7410
GB0008847096
Sale
34,281
GBP1.7415
GB0008847096
Sale
23,191
GBP1.7420
GB0008847096
Sale
7,028
GBP1.7425
GB0008847096
Sale
17,332
GBP1.7430
GB0008847096
Sale
11,528
GBP1.7435
GB0008847096
Sale
22,120
GBP1.7440
GB0008847096
Sale
8,728
GBP1.7445
GB0008847096
Sale
16,439
GBP1.7450
GB0008847096
Sale
4,992
GBP1.7455
GB0008847096
Sale
3,144
GBP1.7465
GB0008847096
Sale
2,508
GBP1.7480
(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
GB0008847096
CFD
Increasing short position
3,960,600
GBP1.7338





(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:
10 July 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
Call Option
Written
50,000
GBp195
American
21/07/2017
Ordinary shares
Call Option
Written
4,100,000
GBp230
American
15/09/2017
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
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
RETOKKDQQBKDFOD