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Form 8.3 - TESCO PLC

24th Feb 2017 11:03

RNS Number : 8026X

Societe Generale SA

24 February 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	23/02/2017
(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: 11,687,961 Shares interests and 33,936,991 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:	11,689,461	0.14	33,936,991	0.42
(2) Cash-settled derivatives:	28,452,867	0.35	10,298,858	0.13
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	2,250,000	0.03	9,824,000	0.12
TOTAL:	42,392,328	0.52	54,059,849	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 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	2,494	1.923
Ordinary	Purchase	2,207	1.918
Ordinary	Purchase	2,207	1.9175
Ordinary	Purchase	1,865	1.9185
Ordinary	Purchase	341	1.9185
Ordinary	Purchase	2,206	1.919
Ordinary	Purchase	12,321	1.9145
Ordinary	Purchase	2,207	1.9185
Ordinary	Purchase	2,209	1.9105
Ordinary	Purchase	2,500	1.9185
Ordinary	Purchase	764	1.9185
Ordinary	Purchase	1,943	1.9185
Ordinary	Purchase	2,494	1.918
Ordinary	Purchase	842	1.918
Ordinary	Purchase	3,402	1.9175
Ordinary	Purchase	598	1.9175
Ordinary	Purchase	2,200	1.9175
Ordinary	Purchase	1,406	1.9175
Ordinary	Purchase	421	1.919
Ordinary	Purchase	1,783	1.919
Ordinary	Purchase	764	1.9155
Ordinary	Purchase	1,302	1.9155
Ordinary	Purchase	2,200	1.9155
Ordinary	Purchase	1,111	1.919
Ordinary	Purchase	1,093	1.919
Ordinary	Purchase	2,500	1.9155
Ordinary	Purchase	764	1.9215
Ordinary	Purchase	1,755	1.9215
Ordinary	Purchase	3,375	1.918
Ordinary	Purchase	432	1.9175
Ordinary	Purchase	716	1.9175
Ordinary	Purchase	521	1.919
Ordinary	Purchase	1,716	1.919
Ordinary	Purchase	2,944	1.917
Ordinary	Purchase	2,670	1.917
Ordinary	Purchase	2,500	1.918
Ordinary	Purchase	2,203	1.9195
Ordinary	Purchase	2,201	1.9215
Ordinary	Purchase	764	1.919
Ordinary	Purchase	826	1.919
Ordinary	Purchase	2,300	1.921
Ordinary	Purchase	1,638	1.919
Ordinary	Purchase	3,827	1.919
Ordinary	Purchase	2,200	1.9215
Ordinary	Purchase	2,202	1.92
Ordinary	Purchase	2,451	1.914
Ordinary	Purchase	4,995	1.914
Ordinary	Purchase	12,752	1.914
Ordinary	Purchase	666	1.914
Ordinary	Purchase	1,900	1.914
Ordinary	Purchase	1,302	1.914
Ordinary	Purchase	192	1.914
Ordinary	Purchase	1,000	1.914
Ordinary	Purchase	3,000	1.914
Ordinary	Purchase	7,517	1.914
Ordinary	Purchase	1,716	1.914
Ordinary	Purchase	4,519	1.914
Ordinary	Purchase	1,716	1.914
Ordinary	Purchase	2,205	1.919
Ordinary	Purchase	2,206	1.919
Ordinary	Purchase	2,027	1.9205
Ordinary	Purchase	174	1.9205
Ordinary	Purchase	1,805	1.9205
Ordinary	Purchase	453	1.9205
Ordinary	Purchase	2,200	1.9165
Ordinary	Purchase	764	1.9165
Ordinary	Purchase	3,939	1.9165
Ordinary	Purchase	270	1.919
Ordinary	Purchase	1,936	1.919
Ordinary	Purchase	1,636	1.918
Ordinary	Purchase	2,291	1.919
Ordinary	Purchase	2,682	1.9165
Ordinary	Purchase	2,205	1.919
Ordinary	Purchase	1,243	1.919
Ordinary	Purchase	1,042	1.919
Ordinary	Purchase	2,204	1.919
Ordinary	Purchase	1,335	1.92
Ordinary	Purchase	868	1.92
Ordinary	Purchase	2,203	1.919
Ordinary	Purchase	575	1.9235
Ordinary	Purchase	3,000	1.9235
Ordinary	Purchase	2,211	1.9105
Ordinary	Purchase	1,682	1.9105
Ordinary	Purchase	529	1.9105
Ordinary	Purchase	2,421	1.9195
Ordinary	Purchase	617	1.919
Ordinary	Purchase	598	1.919
Ordinary	Purchase	1,311	1.919
Ordinary	Purchase	2,202	1.9205
Ordinary	Purchase	2,202	1.92
Ordinary	Purchase	1,496	1.918
Ordinary	Purchase	2,527	1.9185
Ordinary	Purchase	1	1.917
Ordinary	Purchase	22,383	1.9155
Ordinary	Purchase	9,726	1.9155
Ordinary	Purchase	101	1.912475248
Ordinary	Purchase	2,059	1.923
Ordinary	Purchase	2,568	1.9185
Ordinary	Purchase	798	1.9175
Ordinary	Purchase	2,163	1.9175
Ordinary	Purchase	623	1.9155
Ordinary	Purchase	2,000	1.9155
Ordinary	Purchase	358	1.9155
Ordinary	Purchase	2,208	1.9155
Ordinary	Purchase	2,000	1.912
Ordinary	Purchase	1,000	1.912
Ordinary	Purchase	1,329	1.912
Ordinary	Purchase	358	1.912
Ordinary	Purchase	1,200	1.9215
Ordinary	Purchase	358	1.9235
Ordinary	Purchase	2,643	1.9235
Ordinary	Purchase	7,472	1.9155
Ordinary	Purchase	5,299	1.9155
Ordinary	Purchase	3,553	1.9155
Ordinary	Purchase	11,697	1.9155
Ordinary	Purchase	1,379	1.9155
Ordinary	Purchase	9,197	1.9155
Ordinary	Purchase	805	1.9155
Ordinary	Purchase	180	1.9155
Ordinary	Purchase	1,114	1.9155
Ordinary	Purchase	6,422	1.9155
Ordinary	Purchase	2,500	1.9155
Ordinary	Purchase	1,200	1.9155
Ordinary	Purchase	924	1.914
Ordinary	Purchase	1,021	1.914
Ordinary	Purchase	284	1.925
Ordinary	Purchase	1	1.9155
Ordinary	Purchase	17	1.921
Ordinary	Purchase	6,814	1.9155
Ordinary	Purchase	6,813	1.9155
Ordinary	Purchase	1,365	1.9155
Ordinary	Purchase	6,813	1.9155
Ordinary	Purchase	5,678	1.9155
Ordinary	Purchase	146,744	1.9155
Ordinary	Purchase	1,930	1.9125
Ordinary	Purchase	3,390	1.9105
Ordinary	Purchase	66,843	1.9155
Ordinary	Purchase	764	1.9115
Ordinary	Purchase	1,420	1.914
Ordinary	Purchase	2,762	1.914
Ordinary	Purchase	3,705	1.9145
Ordinary	Purchase	778	1.914
Ordinary	Purchase	741	1.914
Ordinary	Purchase	680	1.914
Ordinary	Purchase	1,632	1.9135
Ordinary	Purchase	365	1.914
Ordinary	Purchase	366	1.9125
Ordinary	Purchase	370	1.913
Ordinary	Purchase	2,198	1.9145
Ordinary	Purchase	764	1.9145
Ordinary	Purchase	188	1.9145
Ordinary	Purchase	224	1.9145
Ordinary	Purchase	2,199	1.9145
Ordinary	Purchase	2,199	1.9135
Ordinary	Purchase	112	1.9125
Ordinary	Purchase	2,212	1.912
Ordinary	Purchase	2,198	1.9115
Ordinary	Purchase	2,208	1.9135
Ordinary	Purchase	417	1.9135
Ordinary	Purchase	1,790	1.9135
Ordinary	Purchase	2,208	1.9135
Ordinary	Purchase	2,197	1.9115
Ordinary	Purchase	2,206	1.9135
Ordinary	Purchase	2,201	1.9125
Ordinary	Purchase	1,581	1.913
Ordinary	Purchase	618	1.913
Ordinary	Purchase	556	1.9145
Ordinary	Purchase	1,651	1.9145
Ordinary	Purchase	763	1.9135
Ordinary	Purchase	1,436	1.9135
Ordinary	Purchase	810	1.914
Ordinary	Purchase	50	1.9145
Ordinary	Purchase	1,235	1.9145
Ordinary	Purchase	358	1.9145
Ordinary	Purchase	275	1.9145
Ordinary	Purchase	106	1.9125
Ordinary	Purchase	2,199	1.9115
Ordinary	Purchase	2,195	1.915
Ordinary	Purchase	1,200	1.9225
Ordinary	Purchase	1,750	1.9155
Ordinary	Sale	3,553	1.9155
Ordinary	Sale	3,211	1.9155
Ordinary	Sale	28,874	1.9155
Ordinary	Sale	22,383	1.9155
Ordinary	Sale	805	1.9155
Ordinary	Sale	11,697	1.9155
Ordinary	Sale	5,411	1.912
Ordinary	Sale	2,207	1.9185
Ordinary	Sale	3,601	1.9175
Ordinary	Sale	823	1.9135
Ordinary	Sale	3,662	1.9135
Ordinary	Sale	1,384	1.922
Ordinary	Sale	9,197	1.9155
Ordinary	Sale	3,134	1.925
Ordinary	Sale	2,106	1.9185
Ordinary	Sale	2,040	1.9185
Ordinary	Sale	2,411	1.912
Ordinary	Sale	4,200	1.912
Ordinary	Sale	1,088	1.912
Ordinary	Sale	1,886	1.912
Ordinary	Sale	2,500	1.922
Ordinary	Sale	2,500	1.916
Ordinary	Sale	3,238	1.912
Ordinary	Sale	589	1.912
Ordinary	Sale	4,416	1.912
Ordinary	Sale	5,411	1.912
Ordinary	Sale	4,308	1.912
Ordinary	Sale	1,589	1.915
Ordinary	Sale	2,375	1.915
Ordinary	Sale	1,261	1.911998414
Ordinary	Sale	3,341	1.9185
Ordinary	Sale	2,607	1.9145
Ordinary	Sale	3,968	1.915
Ordinary	Sale	159	1.915
Ordinary	Sale	2,744	1.915
Ordinary	Sale	1,086	1.924
Ordinary	Sale	520	1.924
Ordinary	Sale	1,605	1.91
Ordinary	Sale	115,710	1.916
Ordinary	Sale	150,675	1.913585
Ordinary	Sale	43,050	1.913585
	Total Purchases	600,937
	Total Sales	467,325

(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

150,675

1.913585

Ordinary

CFD

Increasing a long position

43,050

1.913585

(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"

Is a Supplemental Form 8 (Open Positions) attached?

YES

Date of disclosure:	24/02/2017
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	1,253,000	1.600	American options	17/03/2017
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	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	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

RETEAEALASNXEFF

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