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

TescoAnnouncement

27/07/2017 11:20

RNS Number : 2976M
Societe Generale SA
27 July 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
26/07/2017
(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: 21,791,934 Shares Interests and 33,358,165 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:
21,793,434
0.27
33,358,165
0.41
(2) Cash-settled derivatives:
34,976,309
0.43
5,879,600
0.07
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
7,940,000
0.10
14,829,000
0.18
 TOTAL:
64,709,743
0.79
54,066,765
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
33,094
1.738
Ordinary
Purchase
1,351
1.7385
Ordinary
Purchase
4
1.7385
Ordinary
Purchase
2,843
1.738
Ordinary
Purchase
1,938
1.7405
Ordinary
Purchase
1,581
1.74
Ordinary
Purchase
3,000
1.74825
Ordinary
Purchase
1,841
1.74
Ordinary
Purchase
2,041
1.74
Ordinary
Purchase
2,330
1.74
Ordinary
Purchase
4,479
1.738
Ordinary
Purchase
220
1.74
Ordinary
Purchase
1,215
1.7555
Ordinary
Purchase
1,531
1.754
Ordinary
Purchase
2,556
1.7475
Ordinary
Purchase
943
1.7415
Ordinary
Purchase
1,541
1.7415
Ordinary
Purchase
2,000
1.7415
Ordinary
Purchase
13
1.7375
Ordinary
Purchase
1,503
1.7375
Ordinary
Purchase
30
1.7375
Ordinary
Purchase
340
1.74
Ordinary
Purchase
1,855
1.7385
Ordinary
Purchase
2,216
1.738
Ordinary
Purchase
2,855
1.738
Ordinary
Purchase
159
1.738
Ordinary
Purchase
2,000
1.741
Ordinary
Purchase
1,796
1.741
Ordinary
Purchase
1,946
1.74825
Ordinary
Purchase
1,710
1.738
Ordinary
Purchase
594
1.738
Ordinary
Purchase
1,710
1.738
Ordinary
Purchase
15,901
1.738
Ordinary
Purchase
15,901
1.738
Ordinary
Purchase
15,901
1.738
Ordinary
Purchase
15,901
1.738
Ordinary
Purchase
1,421
1.7375
Ordinary
Purchase
1,962
1.738
Ordinary
Purchase
1,293
1.7395
Ordinary
Purchase
1,880
1.7385
Ordinary
Purchase
703
1.7405
Ordinary
Purchase
2,579
1.7375
Ordinary
Purchase
7,334
1.7555
Ordinary
Purchase
1,575
1.738
Ordinary
Purchase
1,098
1.738
Ordinary
Purchase
1,198
1.741
Ordinary
Purchase
206
1.7415
Ordinary
Purchase
2,757
1.7415
Ordinary
Purchase
1,829
1.7555
Ordinary
Purchase
791
1.7375
Ordinary
Purchase
440
1.741
Ordinary
Purchase
2,500
1.741
Ordinary
Purchase
2,322
1.738
Ordinary
Purchase
879
1.738
Ordinary
Purchase
1,750
1.737
Ordinary
Purchase
1,550
1.7415
Ordinary
Purchase
1,740
1.738
Ordinary
Purchase
1,537
1.7475
Ordinary
Purchase
2,275
1.7475
Ordinary
Purchase
1,577
1.7395
Ordinary
Purchase
5,512
1.74825
Ordinary
Purchase
2,861
1.739
Ordinary
Purchase
2,548
1.7505
Ordinary
Purchase
2,542
1.755
Ordinary
Purchase
2,540
1.7565
Ordinary
Purchase
2,542
1.7545
Ordinary
Purchase
2,542
1.7555
Ordinary
Purchase
2,548
1.7505
Ordinary
Purchase
830
1.7485
Ordinary
Purchase
1,721
1.7485
Ordinary
Purchase
2,466
1.7565
Ordinary
Purchase
855
1.756
Ordinary
Purchase
123
1.756
Ordinary
Purchase
1,561
1.756
Ordinary
Purchase
2,542
1.7555
Ordinary
Purchase
2,627
1.747
Ordinary
Purchase
1,213
1.755
Ordinary
Purchase
1,199
1.755
Ordinary
Purchase
2,540
1.7565
Ordinary
Purchase
2,613
1.756
Ordinary
Purchase
2,561
1.7395
Ordinary
Purchase
731
1.739
Ordinary
Purchase
1,830
1.739
Ordinary
Purchase
2,563
1.7385
Ordinary
Purchase
2,542
1.7555
Ordinary
Purchase
2,563
1.7385
Ordinary
Purchase
1,737
1.738
Ordinary
Purchase
2,554
1.7475
Ordinary
Purchase
2,772
1.738
Ordinary
Purchase
2,541
1.7555
Ordinary
Purchase
3,392
1.754
Ordinary
Purchase
4,063
1.754
Ordinary
Purchase
1,531
1.754
Ordinary
Purchase
384
1.7375
Ordinary
Purchase
2,569
1.7415
Ordinary
Purchase
10
1.755
Ordinary
Purchase
2,679
1.755
Ordinary
Purchase
508
1.7455
Ordinary
Purchase
694
1.7455
Ordinary
Purchase
228
1.7455
Ordinary
Purchase
3,457
1.738
Ordinary
Purchase
713
1.738
Ordinary
Purchase
1,840
1.744
Ordinary
Purchase
720
1.744
Ordinary
Purchase
2,553
1.748
Ordinary
Purchase
1,263
1.7565
Ordinary
Purchase
2,545
1.753
Ordinary
Purchase
2,541
1.7565
Ordinary
Purchase
1,299
1.756
Ordinary
Purchase
1,389
1.756
Ordinary
Purchase
283
1.7385
Ordinary
Purchase
3,818
1.7485
Ordinary
Purchase
1,457
1.7485
Ordinary
Purchase
2,095
1.7565
Ordinary
Purchase
130
1.755
Ordinary
Purchase
2,541
1.7555
Ordinary
Purchase
3,556
1.754
Ordinary
Purchase
2,688
1.755
Ordinary
Purchase
2,613
1.7545
Ordinary
Purchase
3,691
1.754
Ordinary
Purchase
2,568
1.7415
Ordinary
Purchase
3,806
1.7535
Ordinary
Purchase
3,799
1.7535
Ordinary
Purchase
2,028
1.756
Ordinary
Purchase
194
1.756
Ordinary
Purchase
320
1.756
Ordinary
Purchase
2,546
1.752
Ordinary
Purchase
2,615
1.754
Ordinary
Purchase
775
1.7405
Ordinary
Purchase
1,892
1.7405
Ordinary
Purchase
2,796
1.741
Ordinary
Purchase
1,558
1.757
Ordinary
Purchase
2,541
1.755
Ordinary
Purchase
6,957
1.7565
Ordinary
Purchase
2,567
1.741
Ordinary
Purchase
2,560
1.74
Ordinary
Purchase
2,541
1.7555
Ordinary
Purchase
2,542
1.755
Ordinary
Purchase
37
1.7565
Ordinary
Purchase
2,542
1.7545
Ordinary
Purchase
2,690
1.754
Ordinary
Purchase
1,279
1.7565
Ordinary
Purchase
2,150
1.7555
Ordinary
Purchase
392
1.7555
Ordinary
Purchase
2,546
1.7525
Ordinary
Purchase
2,546
1.752
Ordinary
Purchase
2,546
1.7515
Ordinary
Purchase
5,336
1.7585
Ordinary
Purchase
2,540
1.7565
Ordinary
Purchase
2,541
1.7565
Ordinary
Purchase
2,542
1.755
Ordinary
Purchase
246
1.756
Ordinary
Purchase
2,294
1.756
Ordinary
Purchase
3,037
1.738
Ordinary
Purchase
142,540
1.738
Ordinary
Purchase
62,954
1.738
Ordinary
Purchase
1,255
1.738
Ordinary
Purchase
6,922
1.738
Ordinary
Purchase
4,230
1.738
Ordinary
Purchase
2,858
1.738
Ordinary
Purchase
13,020
1.738
Ordinary
Purchase
723
1.738
Ordinary
Purchase
2,742
1.7605
Ordinary
Purchase
31
1.7515
Ordinary
Purchase
35
1.7565
Ordinary
Purchase
2
1.7565
Ordinary
Purchase
550,585
1.741147
Ordinary
Sale
1
1.745
Ordinary
Sale
2,590
1.752
Ordinary
Sale
5,896
1.748
Ordinary
Sale
2,373
1.748
Ordinary
Sale
1,200
1.748
Ordinary
Sale
3,180
1.742
Ordinary
Sale
2,592
1.7605015
Ordinary
Sale
10,167
1.748
Ordinary
Sale
1,679
1.748
Ordinary
Sale
8,030
1.761
Ordinary
Sale
5,233
1.761
Ordinary
Sale
2,705
1.761
Ordinary
Sale
2,555
1.745
Ordinary
Sale
5,710
1.748
Ordinary
Sale
7,176
1.748
Ordinary
Sale
1,154
1.7375
Ordinary
Sale
1,488
1.7375
Ordinary
Sale
2,552
1.7485
Ordinary
Sale
2,931
1.7535
Ordinary
Sale
6,750
1.752
Ordinary
Sale
1,800
1.7505
Ordinary
Sale
1,053
1.7505
Ordinary
Sale
1,789
1.742
Ordinary
Sale
4,724
1.742
Ordinary
Sale
2,630
1.7445
Ordinary
Sale
2,631
1.745
Ordinary
Sale
2,557
1.744
Ordinary
Sale
3,493
1.755
Ordinary
Sale
2,557
1.744
Ordinary
Sale
4,176
1.7445
Ordinary
Sale
783
1.746
Ordinary
Sale
1,772
1.746
Ordinary
Sale
2,543
1.746
Ordinary
Sale
2,023
1.74
Ordinary
Sale
539
1.74
Ordinary
Sale
2,556
1.745

Total Purchases
1,181,370


Total Sales
113,588

 
(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
550,585
1.741147
(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








(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:
27/07/2017
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 Call Option
Sale
2,750,000
1.800
American options
21/12/2018
Ordinary Shares
Listed Put Option
Purchase
3,000,000
1.200
American options
15/12/2017
Ordinary Shares
Listed Put Option
Purchase
8,000
1.4
American options
15/06/2018
Ordinary Shares
Listed Put Option
Purchase
79,000
1.65
American options
15/12/2017
Ordinary Shares
Listed Put Option
Purchase
1,000
1.600
American options
19/01/2018
Ordinary Shares
Listed Put Option
Purchase
30,000
1.600
American options
15/06/2018
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
Purchase
500,000
1.900
American options
15/12/2017
Ordinary Shares
Listed Put Option
Sale
2,250,000
1
American options
18/09/2020
Ordinary Shares
Listed Put Option
Sale
2,750,000
1.800
American options
21/12/2018
Ordinary Shares
OTC call-option
Sale
2,940,000
1.700
American options
15/09/2017
Ordinary Shares
OTC put-option
Sale
2,940,000
1.700
American options
15/09/2017
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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