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Form 8.3 - Tesco Plc

22nd May 2017 09:50

RNS Number : 8155F
Societe Generale SA
22 May 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:

Société Générale 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

19/05/2017

(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: 16,559,805 Shares Interests and 44,123,819 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:

16,561,305

0.20

44,123,819

0.54

(2) Cash-settled derivatives:

 

38,610,810

0.47

5,992,021

0.07

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

2,250,000

0.03

9,101,000

0.11

 

TOTAL:

57,422,115

0.70

59,216,840

0.72

 

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 Form 8 (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

853

1.81875

Ordinary

Purchase

119

1.8195

Ordinary

Purchase

107

1.8195

Ordinary

Purchase

2,369

1.819

Ordinary

Purchase

1,559

1.8195

Ordinary

Purchase

672

1.8195

Ordinary

Purchase

135

1.8195

Ordinary

Purchase

1,482

1.81925

Ordinary

Purchase

1,111

1.8205

Ordinary

Purchase

2,365

1.821

Ordinary

Purchase

1,065

1.825

Ordinary

Purchase

2,000

1.8215

Ordinary

Purchase

2,930

1.8245

Ordinary

Purchase

1,767

1.8315

Ordinary

Purchase

3,960

1.817

Ordinary

Purchase

172

1.817

Ordinary

Purchase

1,589

1.8235

Ordinary

Purchase

2,610

1.825

Ordinary

Purchase

15,992

1.825

Ordinary

Purchase

15,315

1.827

Ordinary

Purchase

669

1.827

Ordinary

Purchase

31,311

1.827

Ordinary

Purchase

680

1.827

Ordinary

Purchase

662

1.827

Ordinary

Purchase

15,992

1.827

Ordinary

Purchase

15,323

1.827

Ordinary

Purchase

673

1.827

Ordinary

Purchase

15,330

1.827

Ordinary

Purchase

15,995

1.827

Ordinary

Purchase

2,000

1.825

Ordinary

Purchase

15,995

1.825

Ordinary

Purchase

15,995

1.825

Ordinary

Purchase

6,397

1.825

Ordinary

Purchase

6,845

1.825

Ordinary

Purchase

7,150

1.825

Ordinary

Purchase

1,300

1.825

Ordinary

Purchase

1,301

1.825

Ordinary

Purchase

1,626

1.825

Ordinary

Purchase

1,421

1.825

Ordinary

Purchase

1,626

1.825

Ordinary

Purchase

1,301

1.825

Ordinary

Purchase

1,626

1.825

Ordinary

Purchase

9,656

1.8195

Ordinary

Purchase

4,170

1.8195

Ordinary

Purchase

2,330

1.8195

Ordinary

Purchase

607

1.819

Ordinary

Purchase

1,759

1.819

Ordinary

Purchase

195

1.8195

Ordinary

Purchase

268

1.8195

Ordinary

Purchase

1,902

1.8195

Ordinary

Purchase

1,750

1.82

Ordinary

Purchase

2,362

1.821

Ordinary

Purchase

100

1.8185

Ordinary

Purchase

87

1.8185

Ordinary

Purchase

15

1.8185

Ordinary

Purchase

13

1.8185

Ordinary

Purchase

1,019

1.81875

Ordinary

Purchase

2,404

1.8225

Ordinary

Purchase

2,719

1.823

Ordinary

Purchase

2,358

1.8215

Ordinary

Purchase

2,362

1.819

Ordinary

Purchase

2,949

1.82

Ordinary

Purchase

1,927

1.8215

Ordinary

Purchase

433

1.8215

Ordinary

Purchase

2,360

1.8215

Ordinary

Purchase

2,363

1.819

Ordinary

Purchase

1,761

1.8165

Ordinary

Purchase

2,362

1.8155

Ordinary

Purchase

700

1.815

Ordinary

Purchase

600

1.8165

Ordinary

Purchase

3,055

1.824

Ordinary

Purchase

1,998

1.8225

Ordinary

Purchase

3,497

1.823

Ordinary

Purchase

3,694

1.822

Ordinary

Purchase

2,364

1.818

Ordinary

Purchase

1,275

1.8225

Ordinary

Purchase

4,239

1.821

Ordinary

Purchase

2,362

1.82

Ordinary

Purchase

2,363

1.818

Ordinary

Purchase

2,861

1.817

Ordinary

Purchase

2,305

1.815

Ordinary

Purchase

58

1.815

Ordinary

Purchase

200

1.8205

Ordinary

Purchase

2,496

1.8175

Ordinary

Purchase

2,362

1.819

Ordinary

Purchase

2,161

1.8205

Ordinary

Purchase

4,508

1.8205

Ordinary

Purchase

2,461

1.819

Ordinary

Purchase

2,360

1.818

Ordinary

Purchase

2,358

1.819

Ordinary

Purchase

2,453

1.819

Ordinary

Purchase

2,363

1.819

Ordinary

Purchase

2,360

1.8205

Ordinary

Purchase

1,043

1.8245

Ordinary

Purchase

2,250

1.8245

Ordinary

Purchase

887

1.821

Ordinary

Purchase

2,368

1.818

Ordinary

Purchase

2,359

1.8205

Ordinary

Purchase

1,473

1.818

Ordinary

Purchase

890

1.818

Ordinary

Purchase

2,449

1.82

Ordinary

Purchase

2,928

1.821

Ordinary

Purchase

3,432

1.8215

Ordinary

Purchase

3,571

1.8215

Ordinary

Purchase

1,412

1.8235

Ordinary

Purchase

2,359

1.8205

Ordinary

Purchase

12,901

1.8185

Ordinary

Purchase

1,625

1.818

Ordinary

Purchase

1,483

1.8235

Ordinary

Purchase

1,021

1.8235

Ordinary

Purchase

3,168

1.8215

Ordinary

Purchase

2,361

1.8175

Ordinary

Purchase

3,266

1.8225

Ordinary

Purchase

2,358

1.8215

Ordinary

Purchase

646

1.823

Ordinary

Purchase

2,353

1.8215

Ordinary

Purchase

2,712

1.823

Ordinary

Purchase

2,640

1.8225

Ordinary

Purchase

462

1.8225

Ordinary

Purchase

2,622

1.824

Ordinary

Purchase

470

1.8165

Ordinary

Purchase

1,896

1.8165

Ordinary

Purchase

2,158

1.824

Ordinary

Purchase

1,000

1.824

Ordinary

Purchase

130

1.824

Ordinary

Purchase

3,614

1.8215

Ordinary

Purchase

775

1.8215

Ordinary

Purchase

2,419

1.821

Ordinary

Purchase

2,364

1.818

Ordinary

Purchase

5,435

1.819

Ordinary

Purchase

2,977

1.819

Ordinary

Purchase

4,969

1.819

Ordinary

Purchase

2,362

1.8155

Ordinary

Purchase

3,278

1.823

Ordinary

Purchase

2,360

1.818

Ordinary

Purchase

2,363

1.819

Ordinary

Purchase

2,946

1.8215

Ordinary

Purchase

24,851

1.825

Ordinary

Purchase

7,140

1.825

Ordinary

Purchase

13,775

1.825

Ordinary

Purchase

2,220

1.825

Ordinary

Purchase

2,488

1.825

Ordinary

Purchase

3,096

1.825

Ordinary

Purchase

2,424

1.8205

Ordinary

Purchase

542

1.825

Ordinary

Purchase

673

1.825

Ordinary

Purchase

16,659

1.825

Ordinary

Purchase

4,856

1.825

Ordinary

Purchase

8,229

1.82

Ordinary

Purchase

6,067

1.8195

Ordinary

Purchase

21,276

1.825

Ordinary

Purchase

328

1.825

Ordinary

Purchase

2,372

1.8185

Ordinary

Purchase

2,365

1.8195

Ordinary

Purchase

789

1.8195

Ordinary

Purchase

1,983

1.8195

Ordinary

Purchase

7,140

1.8195

Ordinary

Purchase

3,847

1.8185

Ordinary

Purchase

30,000

1.825

Ordinary

Purchase

15,995

1.825

Ordinary

Purchase

2,944

1.82

Ordinary

Purchase

1,082

1.8185

Ordinary

Purchase

2,154

1.825

Ordinary

Purchase

112,995

1.825

Ordinary

Purchase

66,523

1.825

Ordinary

Purchase

382

1.825

Ordinary

Purchase

1,600

1.825

Ordinary

Purchase

8,986

1.825

Ordinary

Purchase

11,536

1.825

Ordinary

Purchase

467

1.825

Ordinary

Purchase

22,374

1.825

Ordinary

Purchase

1,341

1.825

Ordinary

Purchase

70,937

1.825

Ordinary

Purchase

13,352

1.825

Ordinary

Purchase

15,561

1.825

Ordinary

Purchase

25,873

1.825

Ordinary

Purchase

253

1.819

Ordinary

Purchase

2,112

1.819

Ordinary

Purchase

856

1.8185

Ordinary

Purchase

2,366

1.8195

Ordinary

Purchase

1,983

1.8205

Ordinary

Purchase

1,406

1.8205

Ordinary

Purchase

2,500

1.8205

Ordinary

Purchase

64,371

1.825

Ordinary

Purchase

20,320

1.825

Ordinary

Purchase

123,857

1.825

Ordinary

Purchase

8,484

1.825

Ordinary

Purchase

2,378

1.825

Ordinary

Purchase

380

1.825

Ordinary

Purchase

4,000

1.825

Ordinary

Purchase

22,840

1.825

Ordinary

Purchase

4,211

1.825

Ordinary

Purchase

559

1.825

Ordinary

Purchase

5,341

1.825

Ordinary

Purchase

1,094

1.821

Ordinary

Purchase

308

1.82

Ordinary

Purchase

2,663

1.8205

Ordinary

Purchase

201

1.8205

Ordinary

Purchase

5,372

1.8205

Ordinary

Purchase

631

1.8205

Ordinary

Purchase

3,258

1.8205

Ordinary

Purchase

1,898

1.821

Ordinary

Purchase

26,172

1.825

Ordinary

Purchase

63,053

1.825

Ordinary

Purchase

3,521

1.825

Ordinary

Purchase

2,975

1.821

Ordinary

Purchase

2,000

1.8215

Ordinary

Purchase

3,279

1.821

Ordinary

Purchase

2,379

1.8205

Ordinary

Purchase

1,301

1.8205

Ordinary

Purchase

1,983

1.821

Ordinary

Purchase

1,983

1.8205

Ordinary

Purchase

1,900

1.8205

Ordinary

Purchase

2,500

1.8205

Ordinary

Purchase

1,983

1.8205

Ordinary

Purchase

1,492

1.822

Ordinary

Purchase

1,412

1.822

Ordinary

Purchase

2,500

1.8225

Ordinary

Purchase

1,399

1.8225

Ordinary

Purchase

1,588

1.8225

Ordinary

Purchase

1,276

1.8225

Ordinary

Purchase

17,331

1.8225

Ordinary

Purchase

1,200

1.8225

Ordinary

Purchase

1,314

1.822

Ordinary

Purchase

3,542

1.8225

Ordinary

Purchase

2,834

1.8225

Ordinary

Purchase

500

1.8225

Ordinary

Purchase

420

1.8225

Ordinary

Purchase

1,317

1.8225

Ordinary

Purchase

1,900

1.8225

Ordinary

Purchase

2,321

1.8225

Ordinary

Purchase

5,682

1.8225

Ordinary

Purchase

1,412

1.8225

Ordinary

Purchase

250,560

1.8225

Ordinary

Purchase

1,664

1.825

Ordinary

Purchase

36,368

1.825

Ordinary

Purchase

72,939

1.825

Ordinary

Purchase

37,548

1.825

Ordinary

Purchase

35,485

1.825

Ordinary

Purchase

54,483

1.825

Ordinary

Purchase

2,784

1.8204993

Ordinary

Purchase

2,319

1.82025

Ordinary

Purchase

113

1.8195

Ordinary

Purchase

197

1.81875

Ordinary

Purchase

1,351

1.82

Ordinary

Purchase

860

1.82

Ordinary

Purchase

125

1.8195

Ordinary

Purchase

544

1.819

Ordinary

Purchase

270

1.819

Ordinary

Purchase

1,656

1.819

Ordinary

Purchase

2,281

1.819

Ordinary

Purchase

2,376

1.8195

Ordinary

Purchase

2,376

1.819

Ordinary

Purchase

524

1.8195

Ordinary

Purchase

1,842

1.8195

Ordinary

Purchase

2,389

1.819

Ordinary

Purchase

1,072

1.8205

Ordinary

Purchase

2,016

1.82

Ordinary

Purchase

1,677

1.821

Ordinary

Purchase

2,000

1.821

Ordinary

Purchase

4,222

1.821

Ordinary

Purchase

1,000

1.821

Ordinary

Purchase

102

1.821

Ordinary

Purchase

939

1.821

Ordinary

Purchase

2,347

1.821

Ordinary

Purchase

2,204

1.821

Ordinary

Purchase

1,487

1.821

Ordinary

Purchase

53

1.8205

Ordinary

Purchase

1,504

1.821

Ordinary

Purchase

2,000

1.821

Ordinary

Purchase

587

1.819

Ordinary

Purchase

1,623

1.819

Ordinary

Purchase

1,730

1.82

Ordinary

Purchase

379

1.82

Ordinary

Purchase

14

1.82

Ordinary

Purchase

486

1.8205

Ordinary

Purchase

4,681

1.825

Ordinary

Purchase

483

1.825

Ordinary

Purchase

1,518

1.825

Ordinary

Purchase

300

1.825

Ordinary

Purchase

1,831

1.825

Ordinary

Purchase

4,687

1.825

Ordinary

Purchase

1,251

1.825

Ordinary

Sale

2,400

1.823

Ordinary

Sale

757

1.824

Ordinary

Sale

945

1.824

Ordinary

Sale

1,863

1.8165

Ordinary

Sale

3,610

1.8175

Ordinary

Sale

3,633

1.8175

Ordinary

Sale

2,641

1.8175

Ordinary

Sale

895

1.8175

Ordinary

Sale

2,535

1.815

Ordinary

Sale

1,700

1.8215

Ordinary

Sale

1,864

1.8215

Ordinary

Sale

1,667

1.8205

Ordinary

Sale

1,010

1.8235

Ordinary

Sale

958

1.8235

Ordinary

Sale

2,030

1.8215

Ordinary

Sale

4,016

1.82

Ordinary

Sale

370

1.84

Ordinary

Sale

1,488

1.84

Ordinary

Sale

1,340

1.84

Ordinary

Sale

1,123

1.8355

Ordinary

Sale

1,494

1.8355

Ordinary

Sale

382

1.825

Ordinary

Sale

526

1.827

Ordinary

Sale

356

1.827

Ordinary

Sale

10,380

1.827

Ordinary

Sale

2,792

1.827

Ordinary

Sale

969

1.827

Ordinary

Sale

15,330

1.827

Ordinary

Sale

15,315

1.827

Ordinary

Sale

31,311

1.827

Ordinary

Sale

680

1.827

Ordinary

Sale

132

1.827

Ordinary

Sale

592

1.827

Ordinary

Sale

15,992

1.827

Ordinary

Sale

673

1.827

Ordinary

Sale

669

1.827

Ordinary

Sale

326

1.827

Ordinary

Sale

15,995

1.827

Ordinary

Sale

15,323

1.827

Ordinary

Sale

603

1.827

Ordinary

Sale

15,995

1.825

Ordinary

Sale

1,988

1.8235

Ordinary

Sale

1,240

1.8235

Ordinary

Sale

2,600

1.8235

Ordinary

Sale

1,121

1.8235

Ordinary

Sale

1,856

1.8235

Ordinary

Sale

1,750

1.8235

Ordinary

Sale

4,017

1.8235

Ordinary

Sale

4,000

1.8235

Ordinary

Sale

7,802

1.8235

Ordinary

Sale

3,600

1.821

Ordinary

Sale

1,983

1.821

Ordinary

Sale

2,222

1.821

Ordinary

Sale

1,983

1.821

Ordinary

Sale

300

1.821

Ordinary

Sale

18,402

1.8235

Ordinary

Sale

946

1.8195

Ordinary

Sale

1,983

1.8195

Ordinary

Sale

6,067

1.8195

Ordinary

Sale

1,414

1.8195

Ordinary

Sale

2,500

1.824

Ordinary

Sale

1,506

1.824

Ordinary

Sale

5,575

1.8245

Ordinary

Sale

3,205

1.8165

Ordinary

Sale

1,376

1.8165

Ordinary

Sale

3,090

1.82

Ordinary

Sale

2,043

1.82

Ordinary

Sale

16,659

1.825

Ordinary

Sale

7,600

1.8185

Ordinary

Sale

1,764

1.8205

Ordinary

Sale

3,459

1.8205

Ordinary

Sale

2,379

1.8205

Ordinary

Sale

1,809

1.8205

Ordinary

Sale

1,091

1.823

Ordinary

Sale

5,492

1.823

Ordinary

Sale

1,816

1.8215

Ordinary

Sale

1,837

1.8215

Ordinary

Sale

2,252

1.8215

Ordinary

Sale

4,475

1.82

Ordinary

Sale

2,822

1.82

Ordinary

Sale

1,864

1.82

Ordinary

Sale

8,738

1.825

Ordinary

Sale

3,096

1.825

Ordinary

Sale

60,721

1.825

Ordinary

Sale

57,729

1.825

Ordinary

Sale

13,352

1.825

Ordinary

Sale

70,937

1.825

Ordinary

Sale

25,873

1.825

Ordinary

Sale

2,378

1.825

Ordinary

Sale

2,138

1.8205

Ordinary

Sale

2,523

1.8215

Ordinary

Sale

2,115

1.8205

Ordinary

Sale

68

1.8205

Ordinary

Sale

4,856

1.825

Ordinary

Sale

13,776

1.818688

Total Purchases

1,974,209

Total Sales

590,868

 

 

(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 long position

13,776

1.818688

 

(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:

22/05/2017

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

1,000

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

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

 

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
 
END
 
 
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