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

TescoAnnouncement

09/05/2017 17:15

RNS Number : 6553E
BNP Paribas London
09 May 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
5 May 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:


9,897,042
0.12
(2) Cash-settled derivatives:


11,275,219
0.14
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
7,700,000
0.09
11,011,000
0.13
 TOTAL:
7,700,000
0.09
32,183,261
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
737
GBP1.7620
GB0008847096
Purchase
1,099
GBP1.7745
GB0008847096
Purchase
2,388
GBP1.7750
GB0008847096
Purchase
4,289
GBP1.7755
GB0008847096
Purchase
2,572
GBP1.7760
GB0008847096
Purchase
1,823
GBP1.7765
GB0008847096
Purchase
4,291
GBP1.7770
GB0008847096
Purchase
1,144
GBP1.7775
GB0008847096
Purchase
4,696
GBP1.7780
GB0008847096
Purchase
2,388
GBP1.7785
GB0008847096
Purchase
1,692
GBP1.7790
GB0008847096
Purchase
2,385
GBP1.7800
GB0008847096
Purchase
6,385
GBP1.7810
GB0008847096
Purchase
2,660
GBP1.7815
GB0008847096
Purchase
5,060
GBP1.7825
GB0008847096
Purchase
2,465
GBP1.7830
GB0008847096
Purchase
1,924
GBP1.7835
GB0008847096
Purchase
1,750
GBP1.7840
GB0008847096
Purchase
2,372
GBP1.7855
GB0008847096
Purchase
6,944
GBP1.7860
GB0008847096
Purchase
2,000
GBP1.7870
GB0008847096
Purchase
1,125
GBP1.7880
GB0008847096
Purchase
2,374
GBP1.7885
GB0008847096
Purchase
2,505
GBP1.7900
GB0008847096
Purchase
245,473
GBP1.7939
GB0008847096
Purchase
134,611
GBP1.7945
GB0008847096
Purchase
800,000
GBP1.7953
GB0008847096
Purchase
2,046
GBP1.7965
GB0008847096
Purchase
1,319
GBP1.7985
GB0008847096
Sale
1,905
GBP1.7700
GB0008847096
Sale
2,388
GBP1.7745
GB0008847096
Sale
4,094
GBP1.7760
GB0008847096
Sale
2,388
GBP1.7765
GB0008847096
Sale
1,783
GBP1.7770
GB0008847096
Sale
2,302
GBP1.7785
GB0008847096
Sale
2,385
GBP1.7800
GB0008847096
Sale
2,515
GBP1.7810
GB0008847096
Sale
5,962
GBP1.7830
GB0008847096
Sale
3,427
GBP1.7850
GB0008847096
Sale
4,438
GBP1.7865
GB0008847096
Sale
2,948
GBP1.7870
GB0008847096
Sale
2,374
GBP1.7875
GB0008847096
Sale
904,050
GBP1.7884
GB0008847096
Sale
2,388
GBP1.7885
GB0008847096
Sale
2,152,000
GBP1.7900
GB0008847096
Sale
5,469
GBP1.7930
GB0008847096
Sale
111,586
GBP1.7944
GB0008847096
Sale
389,602
GBP1.7945
GB0008847096
Sale
2,078
GBP1.7950
GB0008847096
Sale
19,827
GBP1.7960
(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
Reducing short position
800,000
GBP1.7953
GB0008847096
CFD
Increasing short position
904,050
GBP1.7884
GB0008847096
CFD
Increasing short position
430,500
GBP1.7932
GB0008847096
CFD
Increasing short position
861,000
GBP1.7857
GB0008847096
CFD
Increasing short position
861,000
GBP1.7926
(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:
9 May 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
Purchased
21,000
GBp185
American
19/05/2017
Ordinary shares
Call Option
Written
50,000
GBp190
American
16/06/2017
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
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