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

TescoAnnouncement

27/02/2018 09:45

RNS Number : 0714G
Societe Generale SA
27 February 2018
  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
26/02/2018
(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: 7,975,594 Shares Interests and 24,749,811 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:
7,977,094
0.10
24,749,811
0.30
(2) Cash-settled derivatives:
20,166,186
0.25
2,193,757
0.03
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
15,085,000
0.18
3,443,000
0.04
 TOTAL:
43,228,280
0.53
30,386,568
0.37
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
1,468
2.062
Ordinary
Purchase
2,000
2.062
Ordinary
Purchase
4,451
2.062
Ordinary
Purchase
5,019
2.062
Ordinary
Purchase
10,662
2.062
Ordinary
Purchase
2,560
2.062
Ordinary
Purchase
2,413
2.062
Ordinary
Purchase
2,102
2.062
Ordinary
Purchase
1,692
2.062
Ordinary
Purchase
4,347
2.062
Ordinary
Purchase
3,770
2.062
Ordinary
Purchase
1,439
2.062
Ordinary
Purchase
3,712
2.062
Ordinary
Purchase
742
2.062
Ordinary
Purchase
51,566
2.062
Ordinary
Purchase
5,946
2.06
Ordinary
Purchase
7,505
2.06
Ordinary
Purchase
21,681
2.06
Ordinary
Purchase
1,282
2.06
Ordinary
Purchase
14,147
2.06
Ordinary
Purchase
53,232
2.06
Ordinary
Purchase
5,946
2.06
Ordinary
Purchase
2,575
2.06
Ordinary
Purchase
20,153
2.06
Ordinary
Purchase
931
2.06
Ordinary
Purchase
6,941
2.06
Ordinary
Purchase
4,621
2.06
Ordinary
Purchase
6,997
2.06
Ordinary
Purchase
476
2.06
Ordinary
Purchase
2,125
2.067
Ordinary
Purchase
2,141
2.057
Ordinary
Purchase
427
2.069
Ordinary
Purchase
1,696
2.069
Ordinary
Purchase
2,123
2.069
Ordinary
Purchase
126
2.058
Ordinary
Purchase
4,372
2.065
Ordinary
Purchase
3,029
2.065
Ordinary
Purchase
1,555
2.064
Ordinary
Purchase
2,129
2.064
Ordinary
Purchase
2,603
2.057
Ordinary
Purchase
2,303
2.056
Ordinary
Purchase
2,122
2.069
Ordinary
Purchase
7,912
2.063
Ordinary
Purchase
3,703
2.065
Ordinary
Purchase
2,328
2.065
Ordinary
Purchase
2,129
2.063
Ordinary
Purchase
2,234
2.062
Ordinary
Purchase
2,136
2.054
Ordinary
Purchase
2,996
2.049
Ordinary
Purchase
2,132
2.06
Ordinary
Purchase
1,232
2.057
Ordinary
Purchase
2,128
2.064
Ordinary
Purchase
980
2.069
Ordinary
Purchase
2,996
2.051
Ordinary
Purchase
636
2.066
Ordinary
Purchase
4,934
2.066
Ordinary
Purchase
6,820
2.058
Ordinary
Purchase
2,274
2.065
Ordinary
Purchase
1,323
2.056
Ordinary
Purchase
2,130
2.067
Ordinary
Purchase
2,169
2.065
Ordinary
Purchase
3,099
2.062
Ordinary
Purchase
2,135
2.054
Ordinary
Purchase
2,132
2.059
Ordinary
Purchase
2,124
2.069
Ordinary
Purchase
2,122
2.071
Ordinary
Purchase
3,003
2.064
Ordinary
Purchase
4,561
2.06
Ordinary
Purchase
1,073
2.06
Ordinary
Purchase
2,233
2.06
Ordinary
Purchase
6,117
2.06
Ordinary
Purchase
2,131
2.06
Ordinary
Purchase
2,131
2.061
Ordinary
Purchase
902
2.057
Ordinary
Purchase
2,130
2.06
Ordinary
Purchase
2,136
2.054
Ordinary
Purchase
3,900
2.064
Ordinary
Purchase
8,780
2.064
Ordinary
Purchase
2,135
2.064
Ordinary
Purchase
2,900
2.064
Ordinary
Purchase
389
2.064
Ordinary
Purchase
2,173
2.064
Ordinary
Purchase
4,305
2.064
Ordinary
Purchase
13,837
2.064
Ordinary
Purchase
2,136
2.063
Ordinary
Purchase
2,135
2.055
Ordinary
Purchase
1,037
2.064
Ordinary
Purchase
2,127
2.065
Ordinary
Purchase
1,365
2.065
Ordinary
Purchase
761
2.065
Ordinary
Purchase
2,127
2.064
Ordinary
Purchase
2,433
2.063
Ordinary
Purchase
2,067
2.06
Ordinary
Purchase
2,565
2.059
Ordinary
Purchase
129
2.06
Ordinary
Purchase
2,246
2.058
Ordinary
Purchase
2,128
2.063
Ordinary
Purchase
441
2.058
Ordinary
Purchase
3,632
2.058
Ordinary
Purchase
3,860
2.059
Ordinary
Purchase
2,922
2.067
Ordinary
Purchase
2,000
2.067
Ordinary
Purchase
2,571
2.067
Ordinary
Purchase
2,233
2.067
Ordinary
Purchase
2,498
2.067
Ordinary
Purchase
7,093
2.067
Ordinary
Purchase
233
2.064
Ordinary
Purchase
1,906
2.07
Ordinary
Purchase
2,000
2.067
Ordinary
Purchase
5,140
2.056
Ordinary
Purchase
566
2.065
Ordinary
Purchase
1,393
2.065
Ordinary
Purchase
2,000
2.065
Ordinary
Purchase
365
2.065
Ordinary
Purchase
515
2.065
Ordinary
Purchase
2,123
2.069
Ordinary
Purchase
2,137
2.055
Ordinary
Purchase
4,693
2.06
Ordinary
Purchase
1,694
2.061
Ordinary
Purchase
2,093
2.06
Ordinary
Purchase
2,120
2.072
Ordinary
Purchase
5,180
2.058
Ordinary
Purchase
4,334
2.061
Ordinary
Purchase
5,656
2.065
Ordinary
Purchase
2,323
2.065
Ordinary
Purchase
2,735
2.066
Ordinary
Purchase
4,773
2.066
Ordinary
Purchase
2,904
2.066
Ordinary
Purchase
1,279
2.066
Ordinary
Purchase
15,000
2.066
Ordinary
Purchase
3,343
2.057
Ordinary
Purchase
5,243
2.056
Ordinary
Purchase
1,073
2.056
Ordinary
Purchase
2,637
2.056
Ordinary
Purchase
801
2.056
Ordinary
Purchase
2,126
2.067
Ordinary
Purchase
492
2.066
Ordinary
Purchase
1,739
2.066
Ordinary
Purchase
7,554
2.067
Ordinary
Purchase
1,091
2.064
Ordinary
Purchase
436
2.061
Ordinary
Purchase
2,568
2.067
Ordinary
Purchase
1,346
2.067
Ordinary
Purchase
2,969
2.067
Ordinary
Purchase
368
2.067
Ordinary
Purchase
1,750
2.067
Ordinary
Purchase
2,926
2.064
Ordinary
Purchase
329
2.064
Ordinary
Purchase
2,464
2.064
Ordinary
Purchase
951
2.064
Ordinary
Purchase
2,414
2.064
Ordinary
Purchase
930
2.064
Ordinary
Purchase
3,055
2.065
Ordinary
Purchase
1,718
2.066
Ordinary
Purchase
3,057
2.066
Ordinary
Purchase
4,775
2.066
Ordinary
Purchase
142
2.058
Ordinary
Purchase
19
2.053
Ordinary
Purchase
3,000
2.059
Ordinary
Purchase
2,000
2.059
Ordinary
Purchase
2,736
2.065
Ordinary
Purchase
2,450
2.067
Ordinary
Purchase
3,000
2.059
Ordinary
Purchase
2,692
2.067
Ordinary
Purchase
2,632
2.064
Ordinary
Purchase
1,637
2.064
Ordinary
Purchase
2,080
2.064
Ordinary
Purchase
2,514
2.064
Ordinary
Purchase
2,462
2.064
Ordinary
Purchase
1,825
2.064
Ordinary
Purchase
222
2.065
Ordinary
Purchase
582
2.065
Ordinary
Purchase
2,773
2.065
Ordinary
Purchase
583
2.066
Ordinary
Purchase
1,281
2.066
Ordinary
Purchase
2,705
2.066
Ordinary
Purchase
1,711
2.066
Ordinary
Purchase
2,553
2.066
Ordinary
Purchase
585
2.067
Ordinary
Purchase
19
2.054
Ordinary
Purchase
1,310
2.065
Ordinary
Purchase
1,310
2.06
Ordinary
Purchase
1,310
2.06
Ordinary
Purchase
19
2.058
Ordinary
Purchase
7,164
2.063502
Ordinary
Purchase
28,656
2.063501
Ordinary
Purchase
1,291,500
2.0635
Ordinary
Sale
2,000
2.055
Ordinary
Sale
3,002
2.055
Ordinary
Sale
8,661
2.057
Ordinary
Sale
2,883
2.05
Ordinary
Sale
8,611
2.067
Ordinary
Sale
14
2.055
Ordinary
Sale
5,824
2.072
Ordinary
Sale
2,808
2.072
Ordinary
Sale
6,188
2.072
Ordinary
Sale
7,860
2.057
Ordinary
Sale
2,144
2.056
Ordinary
Sale
5,946
2.06
Ordinary
Sale
5,946
2.06
Ordinary
Sale
996
2.057
Ordinary
Sale
9,611
2.057
Ordinary
Sale
3,022
2.057
Ordinary
Sale
11,637
2.057
Ordinary
Sale
6,439
2.057
Ordinary
Sale
4,649
2.067
Ordinary
Sale
2,142
2.058
Ordinary
Sale
8,334
2.061
Ordinary
Sale
9,568
2.054
Ordinary
Sale
2,000
2.054
Ordinary
Sale
2,170
2.054
Ordinary
Sale
1,800
2.054
Ordinary
Sale
8,799
2.067
Ordinary
Sale
2,690
2.072
Ordinary
Sale
9,138
2.067
Ordinary
Sale
9,718
2.067
Ordinary
Sale
8,740
2.062
Ordinary
Sale
6,931
2.062
Ordinary
Sale
2,145
2.055
Ordinary
Sale
6,731
2.057
Ordinary
Sale
7,126
2.057
Ordinary
Sale
4,000
2.059
Ordinary
Sale
150
2.058
Ordinary
Sale
3,373
2.067
Ordinary
Sale
3,410
2.055
Ordinary
Sale
1,079
2.055
Ordinary
Sale
956
2.055
Ordinary
Sale
1,750
2.055
Ordinary
Sale
1,142
2.055
Ordinary
Sale
3,508
2.054
Ordinary
Sale
3,508
2.054
Ordinary
Sale
931
2.06
Ordinary
Sale
32,976
2.06
Ordinary
Sale
58,650
2.06
Ordinary
Sale
47,031
2.06
Ordinary
Sale
27,479
2.06
Ordinary
Sale
1,502
2.06
Ordinary
Sale
3,219
2.06
Ordinary
Sale
20,153
2.06
Ordinary
Sale
34,650
2.06
Ordinary
Sale
6,843
2.06
Ordinary
Sale
4,752
2.06
Ordinary
Sale
46,506
2.06
Ordinary
Sale
137
2.055
Ordinary
Sale
1,200
2.055
Ordinary
Sale
613
2.054
Ordinary
Sale
900
2.054
Ordinary
Sale
6,941
2.06
Ordinary
Sale
7,416
2.06
Ordinary
Sale
7,417
2.06
Ordinary
Sale
7,471
2.06
Ordinary
Sale
7,417
2.06
Ordinary
Sale
476
2.06
Ordinary
Sale
46,205
2.06
Ordinary
Sale
1,291,500
2.0635

Total Purchases
1,962,062


Total Sales
1,871,534

  
(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
Increasing a short position
7,164
2.063502
Ordinary
CFD
Increasing a short position
28,656
2.063501
(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:
27/02/2018
Contact name:
Olivier Vero
Telephone number:
+44 20 7676 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
Type
Expiry date
EUR
e.g. American, European etc.
Ordinary Shares
Listed Call Option
Sale
2,750,000
1.8
American options
21/12/2018
Ordinary Shares
Listed Put Option
Purchase
4,81,000
2.05
American options
15/06/2018
Ordinary Shares
Listed Put Option
Purchase
8,000
1.4
American options
15/06/2018
Ordinary Shares
Listed Put Option
Purchase
30,000
1.6
American options
15/06/2018
Ordinary Shares
Listed Put Option
Purchase
500,000
2.4
American options
21/12/2018
Ordinary Shares
Listed Put Option
Purchase
5,000
1.4
American options
16/03/2018
Ordinary Shares
Listed Put Option
Purchase
40,000
1.4
American options
21/12/2018
Ordinary Shares
Listed Put Option
Purchase
24,000
1.4
American options
21/09/2018
Ordinary Shares
Listed Put Option
Purchase
1,40,000
2
American options
21/09/2018
Ordinary Shares
Listed Put Option
Purchase
5,000
2
American options
15/06/2018
Ordinary Shares
Listed Put Option
Sale
2,250,000
1
American options
18/09/2020
Ordinary Shares
Listed Put Option
Sale
2,750,000
1.8
American options
21/12/2018
Ordinary Shares
Listed Put Option
Sale
4,000,000
1.6
American options
21/09/2018
Ordinary Shares
Listed Put Option
Sale
75,000
2.10
American options
21/12/2018
Ordinary Shares
Listed Put Option
Sale
400,000
2.05
American options
15/06/2018
Ordinary Shares
Listed Put Option
Sale
150,000
2
American options
21/09/2018
Ordinary Shares
OTC Put Option
Sale
6,000,000
1.6
American options
21/09/2018
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.

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