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

TescoAnnouncement

10/07/2017 16:05

RNS Number : 6336K
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
6 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:


1,756,713
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
0.09
31,429,348
0.38
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
1,307
GBP1.7120
GB0008847096
Purchase
1,439
GBP1.7125
GB0008847096
Purchase
287,911
GBP1.7160
GB0008847096
Purchase
5,089
GBP1.7165
GB0008847096
Purchase
1,500
GBP1.7170
GB0008847096
Purchase
2,788
GBP1.7175
GB0008847096
Purchase
866
GBP1.7185
GB0008847096
Purchase
5,087
GBP1.7190
GB0008847096
Purchase
7,344
GBP1.7195
GB0008847096
Purchase
18,974
GBP1.7200
GB0008847096
Purchase
330
GBP1.7210
GB0008847096
Purchase
1,651
GBP1.7215
GB0008847096
Purchase
2,594
GBP1.7225
GB0008847096
Purchase
1,040
GBP1.7235
GB0008847096
Purchase
2,510
GBP1.7255
GB0008847096
Purchase
1,311
GBP1.7260
GB0008847096
Purchase
1,338
GBP1.7275
GB0008847096
Purchase
395,069
GBP1.7325
GB0008847096
Sale
11,366
GBP1.7155
GB0008847096
Sale
134,443
GBP1.7160
GB0008847096
Sale
5,216
GBP1.7165
GB0008847096
Sale
24,425
GBP1.7170
GB0008847096
Sale
41,152
GBP1.7175
GB0008847096
Sale
46,300
GBP1.7180
GB0008847096
Sale
1,013
GBP1.7183
GB0008847096
Sale
32,895
GBP1.7185
GB0008847096
Sale
18,654
GBP1.7190
GB0008847096
Sale
38,648
GBP1.7195
GB0008847096
Sale
9,247
GBP1.7198
GB0008847096
Sale
6,371
GBP1.7200
GB0008847096
Sale
34,930
GBP1.7205
GB0008847096
Sale
3,873
GBP1.7208
GB0008847096
Sale
16,035
GBP1.7210
GB0008847096
Sale
12,001
GBP1.7215
GB0008847096
Sale
11,722
GBP1.7220
GB0008847096
Sale
2,641
GBP1.7240
GB0008847096
Sale
2,533
GBP1.7245
GB0008847096
Sale
2,500
GBP1.7250
GB0008847096
Sale
5,000
GBP1.7275
(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:
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.

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The company news service from the London Stock Exchange
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