REG - Societe Generale SA Tesco PLC - Form 8.3 - TESCO PLC <Origin Href="QuoteRef">TSCO.L</Origin>

TescoAnnouncement

21/02/2017 11:30

RNS Number : 4432X
Societe Generale SA
21 February 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:
Socit Gnrale S.A.
(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
20/02/2017
(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: 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: 11,634,465 Shares interests and 33,882,150 short position
ADR (referencing the ordinary): 1,500 equivalent Shares interests and 0 equivalent Shares as short position 
Where (1 ADR = 3 ordinary shares)
Interests
Short positions

Number
%
Number
%
(1) Relevant securities owned and/or controlled:
11,635,965
0.14
33,882,150
0.41
(2) Cash-settled derivatives:
28,259,142
0.35
10,298,858
0.13
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
2,250,000
0.03
9,824,000
0.12
 TOTAL:
42,145,107
0.52
54,005,008
0.66
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
GBP
Ordinary
Purchase
1,619
1.9515
Ordinary
Purchase
684
1.9515
Ordinary
Purchase
2,149
1.941
Ordinary
Purchase
2,197
1.9395
Ordinary
Purchase
1,947
1.94
Ordinary
Purchase
2,197
1.9405
Ordinary
Purchase
2,195
1.9415
Ordinary
Purchase
1,220
1.944
Ordinary
Purchase
972
1.944
Ordinary
Purchase
2,010
1.9405
Ordinary
Purchase
186
1.9405
Ordinary
Purchase
800
1.9415
Ordinary
Purchase
2,191
1.944
Ordinary
Purchase
1,428
1.941
Ordinary
Purchase
2,371
1.9395
Ordinary
Purchase
3,209
1.955
Ordinary
Purchase
967
1.944
Ordinary
Purchase
304
1.9415
Ordinary
Purchase
2,197
1.9405
Ordinary
Purchase
679
1.942
Ordinary
Purchase
1,517
1.942
Ordinary
Purchase
3,688
1.951
Ordinary
Purchase
2,311
1.94
Ordinary
Purchase
2,195
1.9405
Ordinary
Purchase
2,197
1.941
Ordinary
Purchase
2,197
1.9395
Ordinary
Purchase
3,193
1.939
Ordinary
Purchase
3,413
1.9395
Ordinary
Purchase
687
1.9405
Ordinary
Purchase
278
1.94
Ordinary
Purchase
2,190
1.945
Ordinary
Purchase
821
1.94
Ordinary
Purchase
1,153
1.94
Ordinary
Purchase
2,195
1.9405
Ordinary
Purchase
47
1.954
Ordinary
Purchase
2,194
1.9415
Ordinary
Purchase
2,251
1.941
Ordinary
Purchase
2,195
1.9415
Ordinary
Purchase
2,869
1.954
Ordinary
Purchase
684
1.954
Ordinary
Purchase
2,195
1.9415
Ordinary
Purchase
2,190
1.945
Ordinary
Purchase
2,163
1.9425
Ordinary
Purchase
2,197
1.94
Ordinary
Purchase
1,827
1.945
Ordinary
Purchase
2,244
1.9455
Ordinary
Purchase
2,193
1.9425
Ordinary
Purchase
823
1.9455
Ordinary
Purchase
2,195
1.9415
Ordinary
Purchase
2,189
1.946
Ordinary
Purchase
1,366
1.9455
Ordinary
Purchase
2,193
1.943
Ordinary
Purchase
2,192
1.943
Ordinary
Purchase
1,538
1.9405
Ordinary
Purchase
2,190
1.9455
Ordinary
Purchase
658
1.9405
Ordinary
Purchase
2,188
1.9475
Ordinary
Purchase
415
1.943
Ordinary
Purchase
70
1.954
Ordinary
Purchase
3,472
1.943
Ordinary
Purchase
3,169
1.943
Ordinary
Purchase
363
1.945
Ordinary
Purchase
2,254
1.94
Ordinary
Purchase
218
1.9415
Ordinary
Purchase
1,977
1.9415
Ordinary
Purchase
3,304
1.9405
Ordinary
Purchase
2,194
1.9425
Ordinary
Purchase
521
1.943
Ordinary
Purchase
2,193
1.943
Ordinary
Purchase
2,196
1.9415
Ordinary
Purchase
2,187
1.9485
Ordinary
Purchase
2,197
1.9405
Ordinary
Purchase
1,946
1.951
Ordinary
Purchase
2,197
1.9405
Ordinary
Purchase
2,192
1.944
Ordinary
Purchase
238
1.951
Ordinary
Purchase
3,633
1.946
Ordinary
Purchase
2,196
1.9415
Ordinary
Purchase
1,591
1.942
Ordinary
Purchase
2,196
1.9405
Ordinary
Purchase
2,186
1.949
Ordinary
Purchase
2,137
1.9425
Ordinary
Purchase
154
1.9405
Ordinary
Purchase
500
1.9405
Ordinary
Purchase
1,543
1.9405
Ordinary
Purchase
400
1.9405
Ordinary
Purchase
1,425
1.9405
Ordinary
Purchase
1,778
1.945
Ordinary
Purchase
199
1.9415
Ordinary
Purchase
1,996
1.9415
Ordinary
Purchase
413
1.945
Ordinary
Purchase
2,715
1.9485
Ordinary
Purchase
2,712
1.9465
Ordinary
Purchase
2,253
1.9395
Ordinary
Purchase
3,752
1.953
Ordinary
Purchase
1,860
1.953
Ordinary
Purchase
4,945
1.953
Ordinary
Purchase
3,043
1.9465
Ordinary
Purchase
3,069
1.945
Ordinary
Purchase
3,045
1.9455
Ordinary
Purchase
2,650
1.947
Ordinary
Purchase
3,043
1.946
Ordinary
Purchase
2,500
1.945
Ordinary
Purchase
766
1.941
Ordinary
Purchase
2,195
1.9415
Ordinary
Purchase
2,188
1.9475
Ordinary
Purchase
2,245
1.9455
Ordinary
Purchase
2,250
1.942
Ordinary
Purchase
2,371
1.9395
Ordinary
Purchase
2,191
1.944
Ordinary
Purchase
424
1.9405
Ordinary
Purchase
2,196
1.941
Ordinary
Purchase
601
1.94
Ordinary
Purchase
1,596
1.94
Ordinary
Purchase
2,308
1.941
Ordinary
Purchase
1,507
1.9405
Ordinary
Purchase
2,188
1.9465
Ordinary
Purchase
684
1.942
Ordinary
Purchase
1,583
1.9415
Ordinary
Purchase
234
1.9415
Ordinary
Purchase
234
1.9415
Ordinary
Purchase
6,391
1.946
Ordinary
Purchase
1,255
1.946
Ordinary
Purchase
1
1.9405
Ordinary
Purchase
2,000
1.9515
Ordinary
Purchase
341
1.9515
Ordinary
Purchase
23,774
1.946
Ordinary
Purchase
1,437
1.946
Ordinary
Purchase
4,114
1.942
Ordinary
Purchase
2,500
1.943
Ordinary
Purchase
444
1.9415
Ordinary
Purchase
444
1.9415
Ordinary
Purchase
1,396
1.9415
Ordinary
Purchase
46
1.941
Ordinary
Purchase
2,402
1.946
Ordinary
Purchase
23
1.9455
Ordinary
Purchase
5,465
1.946
Ordinary
Purchase
4,806
1.946
Ordinary
Purchase
5,465
1.946
Ordinary
Purchase
1,826
1.9515
Ordinary
Purchase
339
1.9515
Ordinary
Purchase
2,000
1.942
Ordinary
Purchase
339
1.942
Ordinary
Purchase
2,268
1.942
Ordinary
Purchase
4,719
1.942
Ordinary
Purchase
459
1.942
Ordinary
Purchase
2,000
1.943
Ordinary
Purchase
339
1.943
Ordinary
Purchase
200
1.943
Ordinary
Purchase
339
1.9415
Ordinary
Purchase
4,297
1.94125
Ordinary
Purchase
1,565
1.9415
Ordinary
Purchase
1,086
1.9415
Ordinary
Purchase
1,638
1.946
Ordinary
Purchase
1,948
1.9485
Ordinary
Purchase
1,413
1.9485
Ordinary
Purchase
7,467
1.9485
Ordinary
Purchase
339
1.9485
Ordinary
Purchase
1,477
1.953
Ordinary
Purchase
1,477
1.953
Ordinary
Purchase
684
1.9455
Ordinary
Purchase
43
1.9415
Ordinary
Purchase
33,077
1.943352
Ordinary
Purchase
53,443
1.94422
Ordinary
Purchase
963,309
1.942
Ordinary
Sale
6,777
1.9465
Ordinary
Sale
6,777
1.9465
Ordinary
Sale
14
1.95
Ordinary
Sale
4,229
1.95
Ordinary
Sale
2,500
1.95
Ordinary
Sale
7,013
1.946
Ordinary
Sale
4,000
1.942
Ordinary
Sale
789
1.9525
Ordinary
Sale
3,802
1.9485
Ordinary
Sale
1,732
1.943
Ordinary
Sale
2,193
1.943
Ordinary
Sale
4,338
1.9615
Ordinary
Sale
2,683
1.9435
Ordinary
Sale
3,526
1.962
Ordinary
Sale
1,720
1.9615
Ordinary
Sale
5,430
1.946
Ordinary
Sale
862
1.946
Ordinary
Sale
18,000
1.946
Ordinary
Sale
530
1.946
Ordinary
Sale
21,229
1.946
Ordinary
Sale
10,953
1.946
Ordinary
Sale
7,021
1.942
Ordinary
Sale
2,500
1.9515
Ordinary
Sale
2,649
1.946
Ordinary
Sale
24,780
1.946
Ordinary
Sale
4,681
1.946
Ordinary
Sale
2,000
1.95
Ordinary
Sale
1,009
1.95
Ordinary
Sale
1,700
1.9455

Total Purchases
1,371,731


Total sales
155,437

(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 GBP
Ordinary
CFD
Reducing a long position
33,077
1.943352
Ordinary
CFD
Reducing a long position
53,443
1.94422
(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 GBP
Ordinary
Listed put-option
Purchasing
5,000
1.400
American
16/03/2018
0.055
(ii) Exercise
Class of relevant security
Product description
e.g. call option
Exercising/ exercised against
Number of securities
Exercise price per unit GBP




(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) GBP



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"
(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"
(c) Attachments
Is a Supplemental Form 8 (Open Positions) attached?
YES
Date of disclosure:
21/02/2017
Contact name:
Olivier Vero
Telephone number:
+44 20 7676 6821 / 6969
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:
SOCIETE GENERALE 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
EUR
Type
e.g. American, European etc.
Expiry date
Ordinary Shares
Listed Call Option
Sale
1,000
2.200
American options
19/01/2018
Ordinary Shares
Listed Call Option
Sale
5,000,000
2.600
American options
15/12/2017
Ordinary Shares
Listed Put Option
Purchase
3,000,000
1.200
American options
15/12/2017
Ordinary Shares
Listed Put Option
Purchase
1,253,000
1.600
American options
17/03/2017
Ordinary Shares
Listed Put Option
Purchase
1,000
1.600
American options
19/01/2018
Ordinary Shares
Listed Put Option
Purchase
35,000
1.700
American options
16/06/2017
Ordinary Shares
Listed Put Option
Purchase
14,000
1.800
American options
16/06/2017
Ordinary Shares
Listed Put Option
Purchase
15,000
1.950
American options
15/12/2017
Ordinary Shares
Listed Put Option
Purchase
500,000
2.400
American options
21/12/2018
Ordinary Shares
Listed Put Option
Purchase
5,000
1.400
American options
16/03/2018
Ordinary Shares
Listed Put Option
Sale
2,250,000
1
American options
18/09/2020
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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