REG - Tesco PLC - Form 8 (DD) - Tesco PLC <Origin Href="QuoteRef">TSCO.L</Origin>

TescoAnnouncement

09/10/2017 11:35

RNS Number : 0767T
Tesco PLC
09 October 2017
FORM 8 (DD)
PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN CONCERT (INCLUDING DEALINGS FOR THE ACCOUNT OF DISCRETIONARY INVESTMENT CLIENTS)
Rules 8.1, 8.2 and 8.4 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Full name of discloser:
Dave Lewis
(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) Status of person making the disclosure:
 e.g. offeror, offeree, person acting in concert with the offeror/offeree (specify name of offeror/offeree)
Director of Tesco PLC 
(e) Date dealing undertaken:
6 October 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"
No
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
Class of relevant security:
Ordinary shares of 5 pence each
Interests
Short positions
Number
%
Number
%
(1) Relevant securities owned and/or controlled:
102,478*
0.0013
Nil
-
(2) Cash-settled derivatives:
Nil
-
Nil
-
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
Nil
-
Nil
-
TOTAL:
102,478
0.0013
Nil
-
*This includes 2,528 held in the Tesco Share Incentive Plan (SIP).
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).
Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).
(b) Rights to subscribe for new securities (including directors' and other employee options)
Tesco Savings Related Share Option Scheme (SAYE) 
Name
Grant date
Shares in respect of which options granted
Exercise price
Exercise Date/Period
Dave Lewis
18 November 2015
11,920
151.00 pence per share
1 February 2019 to 31 July 2019
Nil Cost Options
Name of scheme
Grant date
Shares in respect of which options granted
Exercise price 
Exercise date/period
Performance Share Plan 2011
11 May 2017
1,909,722
Nil cost option
11 May 2020 to
11 May 2027
Performance Share Plan 2011 
12 May 2016
2,161,405
Nil cost option
12 May 2019to 12 May 2026
Performance Share Plan 2011 
24 July 2015
1,566,987
Nil cost option
24 July 2018 to 24 July 2025
Executive Incentive Plan 2014
11 May 2017
655,815
Nil cost option
11 May 2020 to
11 May 2027
Executive Incentive Plan 2014 
12 May 2016
939,720
Nil cost option
12 May 2019 to 12 May 2026
Executive Incentive Plan 2014 
12 May 2016
469,860
Nil cost option
The earlier of 12 May 2019 or the resumption of dividend payments to ordinary shareholders, to 12 May 2026
Awards granted under Listing Rule 9.4.2
(buy-out awards)
24 October 2014
610,089
Nil cost option
14 February 2017 to 24 October 2024
Awards granted under Listing Rule 9.4.2
(buy-out awards)
24 October 2014
452,265
Nil cost option
17 February 2015 to 24 October 2024
Awards granted under Listing Rule 9.4.2
(buy-out awards)
24 October 2014 
607,940
Nil cost option
18 February 2016 to 24 October 2024
3. DEALINGS 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
(i) Party to an offer or person acting in concert (except for a principal trader in the same group as a connected adviser)
Class of relevant security
Purchase/sale
Number of securities
Price per unit
Ordinary shares of 5 pence
Purchase under the Partnership Share Scheme of the SIP
73
1.8864
(ii) Principal trader where the sole reason for the connection is that the principal trader is in the same group as a connected adviser
Class of relevant security
Purchases/ sales
Total number of securities
Highest price per unit paid/received
Lowest price per unit paid/received
N/A
N/A
N/A
N/A
N/A
(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
N/A
N/A
N/A
N/A
N/A
(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
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
(ii) Exercise
Class of relevant security
Product description
e.g. call option
Exercising/ exercised against
Number of securities
Exercise price per unit
N/A
N/A
N/A
N/A
N/A
(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)
N/A
N/A
N/A
N/A
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 party to the offer or person acting in concert making the disclosure and any other person:
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 party to the offer or person acting in concert 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
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions)
No
Supplemental Form 8 (SBL)
No
Date of disclosure:
9 October 2017
Contact name:
Robert Welch
Telephone number:
+44 (0) 7793 222569
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 dealing 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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