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

TescoAnnouncement

15/11/2017 15:00

RNS Number : 6166W
BNP Paribas London
15 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
14 November 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:
11,327,899
0.14


(2) Cash-settled derivatives:


2,151,955
0.03
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
7,939,000
0.10
6,890,000
0.08
 TOTAL:
19,266,899
0.24
9,041,955
0.11
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
7,520,000
GBP 1.8050
GB0008847096
Purchase
2,472
GBP 1.8518
GB0008847096
Purchase
147
GBP 1.8545
GB0008847096
Purchase
2,112
GBP 1.8550
GB0008847096
Purchase
1,892
GBP 1.8580
GB0008847096
Purchase
6,444
GBP 1.8600
GB0008847096
Purchase
11,334
GBP 1.8605
GB0008847096
Purchase
10,333
GBP 1.8610
GB0008847096
Purchase
7,391
GBP 1.8615
GB0008847096
Purchase
4,620
GBP 1.8620
GB0008847096
Purchase
1,179
GBP 1.8625
GB0008847096
Purchase
4,820
GBP 1.8670
GB0008847096
Purchase
55,262
GBP 1.8685
GB0008847096
Purchase
12,951
GBP 1.8690
GB0008847096
Purchase
6,483
GBP 1.8695
GB0008847096
Purchase
4,377
GBP 1.8700
GB0008847096
Purchase
18,457
GBP 1.8705
GB0008847096
Purchase
3,601
GBP 1.8780
GB0008847096
Purchase
7,526
GBP 1.8785
GB0008847096
Purchase
6,836
GBP 1.8790
GB0008847096
Purchase
10,215
GBP 1.8795
GB0008847096
Purchase
1,048,246
GBP 1.8805
GB0008847096
Purchase
6,829
GBP 1.8835
GB0008847096
Purchase
21,555
GBP 1.8870
GB0008847096
Purchase
79,698
GBP 1.8880
GB0008847096
Purchase
2,000
GBP 1.8885
GB0008847096
Purchase
1,115
GBP 1.8910
GB0008847096
Purchase
1,384
GBP 1.8920
GB0008847096
Purchase
1,524
GBP 1.8925
GB0008847096
Purchase
222
GBP 1.8935
GB0008847096
Purchase
2,811
GBP 1.8950
GB0008847096
Purchase
1,244
GBP 1.9060
GB0008847096
Sale
8,011,981
GBP 1.8050
GB0008847096
Sale
1,224
GBP 1.8090
GB0008847096
Sale
1,878
GBP 1.8125
GB0008847096
Sale
1,889
GBP 1.8150
GB0008847096
Sale
3,498
GBP 1.8180
GB0008847096
Sale
17,913
GBP 1.8190
GB0008847096
Sale
982
GBP 1.8195
GB0008847096
Sale
2,303
GBP 1.8210
GB0008847096
Sale
2,310
GBP 1.8215
GB0008847096
Sale
2,229
GBP 1.8220
GB0008847096
Sale
3,290
GBP 1.8230
GB0008847096
Sale
4,089
GBP 1.8240
GB0008847096
Sale
2,935
GBP 1.8250
GB0008847096
Sale
1,964
GBP 1.8265
GB0008847096
Sale
1,190
GBP 1.8270
GB0008847096
Sale
12,791
GBP 1.8275
GB0008847096
Sale
1,260
GBP 1.8280
GB0008847096
Sale
3,305
GBP 1.8335
GB0008847096
Sale
305
GBP 1.8350
GB0008847096
Sale
1,216
GBP 1.8410
GB0008847096
Sale
1,081
GBP 1.8415
GB0008847096
Sale
2,084
GBP 1.8420
GB0008847096
Sale
29,265
GBP 1.8425
GB0008847096
Sale
1,220
GBP 1.8445
GB0008847096
Sale
31,397
GBP 1.8495
GB0008847096
Sale
2,284
GBP 1.8505
GB0008847096
Sale
10,139
GBP 1.8510
GB0008847096
Sale
1,414
GBP 1.8515
GB0008847096
Sale
4,305
GBP 1.8530
GB0008847096
Sale
10,159
GBP 1.8535
GB0008847096
Sale
64,354
GBP 1.8550
GB0008847096
Sale
1,372
GBP 1.8560
GB0008847096
Sale
4,305
GBP 1.8600
GB0008847096
Sale
11,078
GBP 1.8630
GB0008847096
Sale
21,759
GBP 1.8650
GB0008847096
Sale
961
GBP 1.8655
GB0008847096
Sale
16,971
GBP 1.8660
GB0008847096
Sale
17,632
GBP 1.8665
GB0008847096
Sale
34,835
GBP 1.8675
GB0008847096
Sale
28,321
GBP 1.8680
GB0008847096
Sale
46,060
GBP 1.8685
GB0008847096
Sale
11,729
GBP 1.8690
GB0008847096
Sale
47,130
GBP 1.8695
GB0008847096
Sale
6,500
GBP 1.8698
GB0008847096
Sale
31,325
GBP 1.8700
GB0008847096
Sale
893
GBP 1.8705
GB0008847096
Sale
60,618
GBP 1.8710
GB0008847096
Sale
2,790,000
GBP 1.8711
GB0008847096
Sale
43,724
GBP 1.8715
GB0008847096
Sale
31,251
GBP 1.8720
GB0008847096
Sale
39,836
GBP 1.8725
GB0008847096
Sale
6,161
GBP 1.8740
GB0008847096
Sale
1,186
GBP 1.8750
GB0008847096
Sale
6,270
GBP 1.8780
GB0008847096
Sale
20,802
GBP 1.8795
GB0008847096
Sale
14,522
GBP 1.8800
GB0008847096
Sale
268,457
GBP 1.8805
GB0008847096
Sale
24,925
GBP 1.8810
GB0008847096
Sale
35,564
GBP 1.8815
GB0008847096
Sale
6,559
GBP 1.8825
GB0008847096
Sale
15,220
GBP 1.8830
GB0008847096
Sale
6,249
GBP 1.8835
GB0008847096
Sale
5,085
GBP 1.8840
GB0008847096
Sale
11,892
GBP 1.8845
GB0008847096
Sale
4,914
GBP 1.8848
GB0008847096
Sale
380
GBP 1.8850
GB0008847096
Sale
9,488
GBP 1.8855
GB0008847096
Sale
25,000
GBP 1.8860
GB0008847096
Sale
6,900
GBP 1.8865
GB0008847096
Sale
6,198
GBP 1.8870
GB0008847096
Sale
8,991
GBP 1.8875
GB0008847096
Sale
1,370
GBP 1.8880
GB0008847096
Sale
4,266
GBP 1.8900
GB0008847096
Sale
8,562
GBP 1.8905
GB0008847096
Sale
7,761
GBP 1.8910
GB0008847096
Sale
5,832
GBP 1.8915
GB0008847096
Sale
1,229
GBP 1.8920
GB0008847096
Sale
11,803
GBP 1.8925
GB0008847096
Sale
15,125
GBP 1.8930
GB0008847096
Sale
1,081
GBP 1.8935
GB0008847096
Sale
10,191
GBP 1.8950
GB0008847096
Sale
21,026
GBP 1.8955
GB0008847096
Sale
33,610
GBP 1.8960
GB0008847096
Sale
15,860
GBP 1.8965
GB0008847096
Sale
130,242
GBP 1.8970
GB0008847096
Sale
32,738
GBP 1.8975
GB0008847096
Sale
8,562
GBP 1.8980
GB0008847096
Sale
12,212
GBP 1.8985
GB0008847096
Sale
1,250
GBP 1.8990
GB0008847096
Sale
10,647
GBP 1.8995
GB0008847096
Sale
4,849
GBP 1.9000
GB0008847096
Sale
862
GBP 1.9005
GB0008847096
Sale
6,558
GBP 1.9010
GB0008847096
Sale
57,545
GBP 1.9025
GB0008847096
Sale
12,077
GBP 1.9030
GB0008847096
Sale
6,362
GBP 1.9045
(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
GB0008847096
Call option
Purchasing
239,000
GBp190
American
16/02/2018
GBp6.75
(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:
15 November 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
Ordinary shares
Call Option
Purchased
239,000
GBp190
American
16/02/2018
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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