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

TescoAnnouncement

20/02/2017 15:10

RNS Number : 3527X
BNP Paribas London
20 February 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 February 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:


12,765,156
0.16
(2) Cash-settled derivatives:


8,480,415
0.10
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
7,894.000
0.09
11,050,000
0.14
 TOTAL:
7,894,000
0.09
32,295,571
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
2,628
GBP1.9500
GB0008847096
Purchase
7,035
GBP1.9510
GB0008847096
Purchase
6,297
GBP1.9515
GB0008847096
Purchase
7,699
GBP1.9520
GB0008847096
Purchase
3,573
GBP1.9540
GB0008847096
Purchase
1,792
GBP1.9545
GB0008847096
Purchase
4,352
GBP1.9555
GB0008847096
Purchase
4,385
GBP1.9560
GB0008847096
Purchase
1,067
GBP1.9565
GB0008847096
Purchase
6,308
GBP1.9570
GB0008847096
Purchase
219,197
GBP1.9575
GB0008847096
Purchase
5,627
GBP1.9590
GB0008847096
Purchase
1,862
GBP1.9593
GB0008847096
Purchase
997
GBP1.9595
GB0008847096
Purchase
224819
GBP1.9600
GB0008847096
Sale
1,753
GBP1.9495
GB0008847096
Sale
2,814
GBP1.9505
GB0008847096
Sale
6,406
GBP1.9515
GB0008847096
Sale
9,761
GBP1.9520
GB0008847096
Sale
17,667
GBP1.9525
GB0008847096
Sale
3,244
GBP1.9530
GB0008847096
Sale
2,620
GBP1.9535
GB0008847096
Sale
2,073,355
GBP1.9540
GB0008847096
Sale
8,108
GBP1.9545
GB0008847096
Sale
12,509
GBP1.9555
GB0008847096
Sale
15,396
GBP1.9565
GB0008847096
Sale
8,317
GBP1.9570
GB0008847096
Sale
20,558
GBP1.9575
GB0008847096
Sale
3,719
GBP1.9580
GB0008847096
Sale
6,768
GBP1.9590
(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"
(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"
(c) Attachments
Is a Supplemental Form 8 (Open Positions) attached?
YES
Date of disclosure:
20 February 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
100
American
Sep 2020
Ordinary shares
Put Option
Purchased
1500000
160
American
Dec 2018
Ordinary shares
Put Option
Purchased
3450000
190
American
Mar 2017
Ordinary shares
Call Option
Written
1000000
220
American
Mar 2017
Ordinary shares
Call Option
Written
4100000
230
American
Sep 2-17
Ordinary shares
Call Option
Written
1150000
190
American
Mar 2017
Ordinary shares
Put Option
Purchased
2000000
100
American
Dec 2020
Ordinary shares
Put Option
Purchased
3000000
100
American
Oct 2020
Ordinary shares
Put Option
Purchased
1700000
100
American
Dec 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
RETTMMATMBMTBIR