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

TescoAnnouncement

28/09/2017 15:00

RNS Number : 1395S
BNP Paribas London
28 September 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
27 September 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:
2,214,303
0.03


(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
6,890,000
0.08
 TOTAL:
9,914,303
0.12
25,572,635
0.31
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
2,338
GBP 1.8485
GB0008847096
Purchase
633,255
GBP 1.8526
GB0008847096
Purchase
245,014
GBP 1.8720
GB0008847096
Sale
3,318
GBP 1.8495
GB0008847096
Sale
9,056
GBP 1.8500
GB0008847096
Sale
11,225
GBP 1.8505
GB0008847096
Sale
5,815
GBP 1.8510
GB0008847096
Sale
10,153
GBP 1.8515
GB0008847096
Sale
1,065
GBP 1.8520
GB0008847096
Sale
5,793
GBP 1.8525
GB0008847096
Sale
879
GBP 1.8540
GB0008847096
Sale
10,132
GBP 1.8545
GB0008847096
Sale
25,914
GBP 1.8550
GB0008847096
Sale
1,014
GBP 1.8555
GB0008847096
Sale
29,091
GBP 1.8560
GB0008847096
Sale
9,970
GBP 1.8563
GB0008847096
Sale
2,105
GBP 1.8570
GB0008847096
Sale
4,688
GBP 1.8575
GB0008847096
Sale
14,562
GBP 1.8585
GB0008847096
Sale
168
GBP 1.8590
GB0008847096
Sale
22,507
GBP 1.8595
GB0008847096
Sale
15,515
GBP 1.8598
GB0008847096
Sale
2,505
GBP 1.8630
GB0008847096
Sale
63,710
GBP 1.8645
GB0008847096
Sale
3,327
GBP 1.8650
GB0008847096
Sale
17,039
GBP 1.8655
GB0008847096
Sale
13,569
GBP 1.8675
GB0008847096
Sale
3,205
GBP 1.8680
GB0008847096
Sale
21,441
GBP 1.8690
GB0008847096
Sale
6,310
GBP 1.8700
GB0008847096
Sale
17,374
GBP 1.8705
GB0008847096
Sale
13,485
GBP 1.8710
GB0008847096
Sale
11,157
GBP 1.8715
GB0008847096
Sale
503,258
GBP 1.8720
GB0008847096
Sale
9
GBP 1.8723
GB0008847096
Sale
23,628
GBP 1.8725
GB0008847096
Sale
32,192
GBP 1.8730
GB0008847096
Sale
26,857
GBP 1.8735
GB0008847096
Sale
12,678
GBP 1.8740
GB0008847096
Sale
26,585
GBP 1.8745
GB0008847096
Sale
4,177
GBP 1.8748
GB0008847096
Sale
28,940
GBP 1.8750
GB0008847096
Sale
928
GBP 1.8753
GB0008847096
Sale
103,053
GBP 1.8755
GB0008847096
Sale
8,678
GBP 1.8758
GB0008847096
Sale
32,508
GBP 1.8760
GB0008847096
Sale
5,368
GBP 1.8763
GB0008847096
Sale
31,201
GBP 1.8765
GB0008847096
Sale
827
GBP 1.8768
GB0008847096
Sale
94,144
GBP 1.8770
GB0008847096
Sale
18
GBP 1.8773
GB0008847096
Sale
19,857
GBP 1.8775
GB0008847096
Sale
12,434
GBP 1.8780
GB0008847096
Sale
6,017
GBP 1.8785
GB0008847096
Sale
10,855
GBP 1.8790
GB0008847096
Sale
797
GBP 1.8795
GB0008847096
Sale
14,811
GBP 1.8798
GB0008847096
Sale
5,813
GBP 1.8800
(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:
28 September 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
21/12/2018
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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