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

TescoAnnouncement

06/10/2017 15:35

RNS Number : 9832S
BNP Paribas London
06 October 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 October 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:
3,520,904
0.04


(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:
11,220,904
0.14
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
7,585
GBP 1.8345
GB0008847096
Purchase
18,107
GBP 1.8575
GB0008847096
Purchase
576
GBP 1.8580
GB0008847096
Purchase
359,419
GBP 1.8660
GB0008847096
Purchase
5,557
GBP 1.8670
GB0008847096
Purchase
20,000
GBP 1.8672
GB0008847096
Purchase
22,731
GBP 1.8675
GB0008847096
Purchase
990
GBP 1.8680
GB0008847096
Purchase
3,210
GBP 1.8690
GB0008847096
Purchase
6,115
GBP 1.8695
GB0008847096
Purchase
530
GBP 1.8700
GB0008847096
Purchase
2,984
GBP 1.8705
GB0008847096
Purchase
560
GBP 1.8735
GB0008847096
Purchase
1,484
GBP 1.8740
GB0008847096
Purchase
13,715
GBP 1.8745
GB0008847096
Purchase
16,511
GBP 1.8750
GB0008847096
Purchase
773
GBP 1.8755
GB0008847096
Purchase
15,204
GBP 1.8760
GB0008847096
Purchase
1,314
GBP 1.8765
GB0008847096
Purchase
3,784
GBP 1.8770
GB0008847096
Purchase
8,947
GBP 1.8780
GB0008847096
Purchase
11,896
GBP 1.8790
GB0008847096
Purchase
9,226
GBP 1.8795
GB0008847096
Purchase
17,458
GBP 1.8800
GB0008847096
Purchase
6,354
GBP 1.8805
GB0008847096
Purchase
1,701
GBP 1.8810
GB0008847096
Purchase
1,350
GBP 1.8815
GB0008847096
Purchase
24,618
GBP 1.8820
GB0008847096
Purchase
4,992
GBP 1.8825
GB0008847096
Purchase
8,733
GBP 1.8830
GB0008847096
Purchase
740,000
GBP 1.8860
GB0008847096
Purchase
657
GBP 1.8885
GB0008847096
Sale
12,004
GBP 1.8625
GB0008847096
Sale
2,106
GBP 1.8630
GB0008847096
Sale
1,006
GBP 1.8635
GB0008847096
Sale
8,554
GBP 1.8645
GB0008847096
Sale
43,435
GBP 1.8660
GB0008847096
Sale
11,118
GBP 1.8665
GB0008847096
Sale
10,586
GBP 1.8670
GB0008847096
Sale
19,856
GBP 1.8685
GB0008847096
Sale
12,173
GBP 1.8688
GB0008847096
Sale
4,075
GBP 1.8695
GB0008847096
Sale
53,660
GBP 1.8700
GB0008847096
Sale
6,902
GBP 1.8705
GB0008847096
Sale
36,767
GBP 1.8710
GB0008847096
Sale
4,193
GBP 1.8715
GB0008847096
Sale
10,201
GBP 1.8720
GB0008847096
Sale
199
GBP 1.8730
GB0008847096
Sale
21,197
GBP 1.8735
GB0008847096
Sale
1,016
GBP 1.8745
GB0008847096
Sale
3,100
GBP 1.8750
GB0008847096
Sale
1,260
GBP 1.8765
GB0008847096
Sale
998
GBP 1.8775
GB0008847096
Sale
1,325
GBP 1.8790
GB0008847096
Sale
3,786
GBP 1.8800
GB0008847096
Sale
2,234
GBP 1.8810
GB0008847096
Sale
1,033
GBP 1.8820
GB0008847096
Sale
1,924
GBP 1.8825
GB0008847096
Sale
9,613
GBP 1.8835
GB0008847096
Sale
1,755
GBP 1.8840
GB0008847096
Sale
372
GBP 1.8845
GB0008847096
Sale
471
GBP 1.8855
GB0008847096
Sale
958
GBP 1.8860
GB0008847096
Sale
3,752
GBP 1.8875
(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:
6 October 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.

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The company news service from the London Stock Exchange
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