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Form 8.3 - Tesco Plc

20th Sep 2017 15:00

RNS Number : 3119R

Citadel Group

20 September 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:	Citadel Group
(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 September, 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"	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:	Common Stock ISIN GB0008847096
	Interests		Short Positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	0	0.00	461,864	0.01
(2) Cash-settled derivatives:	92,786,414	1.13	0	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	353,000	0.00	0	0.00
TOTAL:	93,139,414	1.14	461,864	0.01

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 ISIN GB0008847096	Purchase/sale	Number of securities	Price per unit
Common Stock	Purchase	2,920	1.8305 GBP
Common Stock	Purchase	3,022	1.8315 GBP
Common Stock	Purchase	9,925	1.832 GBP
Common Stock	Purchase	12,281	1.8325 GBP
Common Stock	Purchase	18,879	1.833 GBP
Common Stock	Purchase	44,265	1.8335 GBP
Common Stock	Purchase	18,377	1.834 GBP
Common Stock	Purchase	20,078	1.8345 GBP
Common Stock	Purchase	10,456	1.835 GBP
Common Stock	Purchase	29,036	1.8355 GBP
Common Stock	Purchase	7,136	1.836 GBP
Common Stock	Purchase	19,711	1.8365 GBP
Common Stock	Purchase	12,443	1.837 GBP
Common Stock	Purchase	14,079	1.8375 GBP
Common Stock	Purchase	9,401	1.8385 GBP
Common Stock	Purchase	3,596	1.839 GBP
Common Stock	Purchase	6,616	1.8395 GBP
Common Stock	Purchase	4,402	1.84 GBP
Common Stock	Purchase	7,309	1.8405 GBP
Common Stock	Purchase	916	1.842 GBP
Common Stock	Purchase	11,231	1.8425 GBP
Common Stock	Purchase	2,910	1.845 GBP
Common Stock	Purchase	5,465	1.846 GBP
Common Stock	Purchase	3,230	1.8465 GBP
Common Stock	Purchase	9,396	1.8495 GBP
Common Stock	Purchase	69,827	1.85 GBP
Common Stock	Purchase	10,214	1.8505 GBP
Common Stock	Purchase	30,761	1.851 GBP
Common Stock	Purchase	13,868	1.8515 GBP
Common Stock	Purchase	2,534	1.852 GBP
Common Stock	Purchase	13,581	1.8525 GBP
Common Stock	Purchase	7,174	1.853 GBP
Common Stock	Purchase	2,617	1.854 GBP
Common Stock	Purchase	1,900	1.8545 GBP
Common Stock	Purchase	11,764	1.855 GBP
Common Stock	Purchase	49,523	1.8555 GBP
Common Stock	Purchase	35,685	1.856 GBP
Common Stock	Purchase	40,783	1.8565 GBP
Common Stock	Purchase	3,510	1.857 GBP
Common Stock	Purchase	39,250	1.8575 GBP
Common Stock	Purchase	59,731	1.858 GBP
Common Stock	Purchase	93,434	1.8585 GBP
Common Stock	Purchase	90,091	1.859 GBP
Common Stock	Purchase	105,051	1.8595 GBP
Common Stock	Purchase	230,174	1.86 GBP
Common Stock	Purchase	164,532	1.8605 GBP
Common Stock	Purchase	71,881	1.861 GBP
Common Stock	Purchase	120,125	1.8615 GBP
Common Stock	Purchase	103,569	1.862 GBP
Common Stock	Purchase	84,626	1.8625 GBP
Common Stock	Purchase	108,416	1.863 GBP
Common Stock	Purchase	118,022	1.8635 GBP
Common Stock	Purchase	54,711	1.864 GBP
Common Stock	Purchase	63,270	1.8645 GBP
Common Stock	Purchase	91,964	1.865 GBP
Common Stock	Purchase	48,202	1.8655 GBP
Common Stock	Purchase	24,177	1.866 GBP
Common Stock	Purchase	14,908	1.8665 GBP
Common Stock	Purchase	21,576	1.867 GBP
Common Stock	Purchase	12,260	1.8675 GBP
Common Stock	Purchase	56,414	1.868 GBP
Common Stock	Purchase	25,584	1.8685 GBP
Common Stock	Purchase	12,852	1.869 GBP
Common Stock	Purchase	27,225	1.8695 GBP
Common Stock	Purchase	20,968	1.87 GBP
Common Stock	Purchase	8,305	1.8705 GBP
Common Stock	Purchase	9,805	1.871 GBP
Common Stock	Sale	-2,121	1.828 GBP
Common Stock	Sale	-2,000	1.8285 GBP
Common Stock	Sale	-1,450	1.829 GBP
Common Stock	Sale	-938	1.8315 GBP
Common Stock	Sale	-9,451	1.8325 GBP
Common Stock	Sale	-6,423	1.833 GBP
Common Stock	Sale	-10,752	1.8335 GBP
Common Stock	Sale	-7,397	1.834 GBP
Common Stock	Sale	-9,154	1.8345 GBP
Common Stock	Sale	-1,766	1.835 GBP
Common Stock	Sale	-6,674	1.8355 GBP
Common Stock	Sale	-29,537	1.836 GBP
Common Stock	Sale	-4,682	1.8365 GBP
Common Stock	Sale	-4,045	1.837 GBP
Common Stock	Sale	-7,300	1.8375 GBP
Common Stock	Sale	-6,591	1.838 GBP
Common Stock	Sale	-3,540	1.8385 GBP
Common Stock	Sale	-2,778	1.839 GBP
Common Stock	Sale	-2,009	1.8395 GBP
Common Stock	Sale	-4,021	1.8405 GBP
Common Stock	Sale	-2,104	1.841 GBP
Common Stock	Sale	-14,165	1.8415 GBP
Common Stock	Sale	-6,317	1.842 GBP
Common Stock	Sale	-1,028	1.843 GBP
Common Stock	Sale	-5,455	1.8445 GBP
Common Stock	Sale	-28,782	1.845 GBP
Common Stock	Sale	-4,127	1.8455 GBP
Common Stock	Sale	-35	1.846 GBP
Common Stock	Sale	-2,000	1.847 GBP
Common Stock	Sale	-17	1.8475 GBP
Common Stock	Sale	-16,463	1.848 GBP
Common Stock	Sale	-32,890	1.8485 GBP
Common Stock	Sale	-12,019	1.849 GBP
Common Stock	Sale	-23,290	1.8495 GBP
Common Stock	Sale	-10,000	1.85 GBP
Common Stock	Sale	-64	1.8505 GBP
Common Stock	Sale	-4,631	1.851 GBP
Common Stock	Sale	-8,657	1.8515 GBP
Common Stock	Sale	-12,843	1.852 GBP
Common Stock	Sale	-15,167	1.8525 GBP
Common Stock	Sale	-21,200	1.853 GBP
Common Stock	Sale	-6,010	1.8535 GBP
Common Stock	Sale	-5,324	1.854 GBP
Common Stock	Sale	-13,097	1.8545 GBP
Common Stock	Sale	-44,077	1.855 GBP
Common Stock	Sale	-30,250	1.8555 GBP
Common Stock	Sale	-16,250	1.856 GBP
Common Stock	Sale	-61,731	1.8565 GBP
Common Stock	Sale	-124,370	1.857 GBP
Common Stock	Sale	-429,708	1.8575 GBP
Common Stock	Sale	-71,513	1.858 GBP
Common Stock	Sale	-71,976	1.8585 GBP
Common Stock	Sale	-112,761	1.859 GBP
Common Stock	Sale	-132,935	1.8595 GBP
Common Stock	Sale	-110,472	1.86 GBP
Common Stock	Sale	-137,547	1.8605 GBP
Common Stock	Sale	-155,504	1.861 GBP
Common Stock	Sale	-89,096	1.8615 GBP
Common Stock	Sale	-120,333	1.862 GBP
Common Stock	Sale	-48,203	1.8625 GBP
Common Stock	Sale	-73,064	1.863 GBP
Common Stock	Sale	-94,639	1.8635 GBP
Common Stock	Sale	-39,241	1.864 GBP
Common Stock	Sale	-31,976	1.8645 GBP
Common Stock	Sale	-59,797	1.865 GBP
Common Stock	Sale	-76,052	1.8655 GBP
Common Stock	Sale	-13,775	1.866 GBP
Common Stock	Sale	-25,809	1.8665 GBP
Common Stock	Sale	-10,197	1.867 GBP
Common Stock	Sale	-50,313	1.8675 GBP
Common Stock	Sale	-14,770	1.868 GBP
Common Stock	Sale	-14,575	1.8685 GBP
Common Stock	Sale	-31,585	1.869 GBP
Common Stock	Sale	-23,628	1.8695 GBP
Common Stock	Sale	-16,196	1.87 GBP
Common Stock	Sale	-1,989	1.8705 GBP
Common Stock	Sale	-26,655	1.871 GBP
Common Stock	Sale	-6,212	1.8715 GBP

(b) Cash-settled derivative transactions

Class of relevant security ISIN GB0008847096	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
Common Stock	CFD	Increasing long position	48,378	1.83199999 GBP
Common Stock	CFD	Increasing long position	153,008	1.83199999 GBP
Common Stock	CFD	Increasing long position	3,616	1.833 GBP
Common Stock	CFD	Increasing long position	11,435	1.833 GBP
Common Stock	CFD	Increasing long position	76,977	1.833019 GBP
Common Stock	CFD	Increasing long position	243,461	1.833019 GBP
Common Stock	CFD	Increasing long position	8,081	1.83325 GBP
Common Stock	CFD	Increasing long position	8,082	1.83325 GBP
Common Stock	CFD	Increasing long position	25,560	1.83325 GBP
Common Stock	CFD	Increasing long position	25,560	1.83325 GBP
Common Stock	CFD	Increasing long position	114	1.839387 GBP
Common Stock	CFD	Increasing long position	1,901	1.839387 GBP
Common Stock	CFD	Increasing long position	2,456	1.850143 GBP
Common Stock	CFD	Increasing long position	28,224	1.852435 GBP
Common Stock	CFD	Increasing long position	71,243	1.85322 GBP
Common Stock	CFD	Increasing long position	7,573	1.853713 GBP
Common Stock	CFD	Increasing long position	21,053	1.855176 GBP
Common Stock	CFD	Increasing long position	9,035	1.856143 GBP
Common Stock	CFD	Increasing long position	1,368	1.856834 GBP
Common Stock	CFD	Increasing long position	17,983	1.85732 GBP
Common Stock	CFD	Increasing long position	85,929	1.857359 GBP
Common Stock	CFD	Increasing long position	51,505	1.858075 GBP
Common Stock	CFD	Increasing long position	162,897	1.858075 GBP
Common Stock	CFD	Increasing long position	48,379	1.858264 GBP
Common Stock	CFD	Increasing long position	153,006	1.858264 GBP
Common Stock	CFD	Increasing long position	45,476	1.859176 GBP
Common Stock	CFD	Increasing long position	48,378	1.859176 GBP
Common Stock	CFD	Increasing long position	143,827	1.859176 GBP
Common Stock	CFD	Increasing long position	153,008	1.859176 GBP
Common Stock	CFD	Increasing long position	6,379	1.860921 GBP
Common Stock	CFD	Increasing long position	21,399	1.864623 GBP
Common Stock	CFD	Increasing long position	8,181	1.866912 GBP
Common Stock	CFD	Reducing long position	-59,151	1.858581 GBP
Common Stock	CFD	Reducing long position	-29,668	1.858895 GBP
Common Stock	CFD	Reducing long position	-24,677	1.860462 GBP
Common Stock	CFD	Reducing long position	-6,360	1.860481 GBP
Common Stock	CFD	Reducing long position	-78,647	1.86064 GBP
Common Stock	CFD	Reducing long position	-1,406	1.861663 GBP
Common Stock	CFD	Reducing long position	-7,943	1.862089 GBP
Common Stock	CFD	Reducing long position	-3,913	1.862713 GBP
Common Stock	CFD	Reducing long position	-535	1.866318 GBP
Common Stock	CFD	Reducing long position	-381	1.8685 GBP
Common Stock	CFD	Reducing long position	-334	1.8695 GBP

(i) Writing, selling, purchasing or varying

Class of relevant security

ISIN

GB0008847096

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

Common

Call Option

Purchasing

3,000

2 GBP

American

16/03/2018

0.0575 GBP

(ii) Exercise

Class of relevant security

Product description

e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

(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)

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"

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"

None

Is a Supplemental Form 8 (Open Positions) attached?

YES

Date of disclosure:	20 September, 2017
Contact name:	Alasdair Putt
Telephone number:	020 7645 9700

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [email protected]. 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:	Citadel Group
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 ISINGB0008847096	Product description e.g. call option	Written or purchased	Number of securities to which option or derivative relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date
Common	Call Option	Purchased	1000	1.9 USD	American	15/12/2017
Common	Call Option	Purchased	10000	1.8 USD	American	20/10/2017
Common	Call Option	Purchased	10000	2 USD	American	16/03/2018
Common	Call Option	Purchased	1000	1.9 USD	American	20/10/2017
Common	Call Option	Purchased	331000	1.9 USD	American	17/11/2017

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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

RETSEMFFSFWSEDU

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