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

TescoAnnouncement

02/11/2017 15:21

RNS Number : 4393V
BNP Paribas London
02 November 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
1 November 17
(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:
15,711,379
0.19


(2) Cash-settled derivatives:


1,324,705
0.02
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
7,700,000
0.09
8,515,042
0.10
 TOTAL:
23,411,379
0.29
9,839,747
0.12
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
3537
 1.7763 
GB0008847096
Purchase
12911
 1.7765 
GB0008847096
Purchase
2449
 1.7775 
GB0008847096
Purchase
6968
 1.7780 
GB0008847096
Purchase
6636
 1.7785 
GB0008847096
Purchase
8480
 1.7790 
GB0008847096
Purchase
15926
 1.7795 
GB0008847096
Purchase
13148
 1.7805 
GB0008847096
Purchase
1125
 1.7810 
GB0008847096
Purchase
31734
 1.7820 
GB0008847096
Purchase
36566
 1.7830 
GB0008847096
Purchase
407736
 1.7845 
GB0008847096
Purchase
4386
 1.7850 
GB0008847096
Purchase
575
 1.7890 
GB0008847096
Purchase
4654
 1.7905 
GB0008847096
Purchase
1138
 1.7910 
GB0008847096
Purchase
4661
 1.7930 
GB0008847096
Purchase
1644
 1.7935 
GB0008847096
Purchase
6268
 1.7955 
GB0008847096
Purchase
8016
 1.7980 
GB0008847096
Purchase
1279
 1.7985 
GB0008847096
Purchase
1486
 1.8025 
GB0008847096
Sale
12959
 1.7735 
GB0008847096
Sale
17332
 1.7740 
GB0008847096
Sale
15526
 1.7755 
GB0008847096
Sale
6401
 1.7760 
GB0008847096
Sale
7850
 1.7785 
GB0008847096
Sale
5097
 1.7790 
GB0008847096
Sale
17805
 1.7795 
GB0008847096
Sale
14485
 1.7805 
GB0008847096
Sale
5966
 1.7808 
GB0008847096
Sale
491
 1.7810 
GB0008847096
Sale
33011
 1.7815 
GB0008847096
Sale
3468
 1.7820 
GB0008847096
Sale
43392
 1.7835 
GB0008847096
Sale
8821
 1.7838 
GB0008847096
Sale
295585
 1.7845 
GB0008847096
Sale
8671
 1.7850 
GB0008847096
Sale
21553
 1.7865 
GB0008847096
Sale
15527
 1.7870 
GB0008847096
Sale
4130
 1.7873 
GB0008847096
Sale
40436
 1.7875 
GB0008847096
Sale
26318
 1.7880 
GB0008847096
Sale
26102
 1.7905 
GB0008847096
Sale
26174
 1.7925 
GB0008847096
Sale
1200
 1.7935 
GB0008847096
Sale
395944
 1.7940 
GB0008847096
Sale
10814
 1.7945 
GB0008847096
Sale
3303
 1.7950 
GB0008847096
Sale
488895
 1.7955 
GB0008847096
Sale
24410
 1.7960 
GB0008847096
Sale
15412
 1.7965 
GB0008847096
Sale
14214
 1.7970 
GB0008847096
Sale
10122
 1.7975 
GB0008847096
Sale
3979
 1.7985 
GB0008847096
Sale
3430000
 1.8180 
(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:
2 November 2017
Contact name:
Gareth Truong
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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