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Form 8.3 - Tesco Plc

18th Dec 2017 15:00

RNS Number : 6438Z

Citadel Group

18 December 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	15 December, 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:	861,826	0.01	0	0.00
(2) Cash-settled derivatives:	79,719,227	0.97	191,387	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	424,000	0.01	364,000	0.00
TOTAL:	81,005,053	0.99	555,387	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	8,317	2.0525 GBP
Common Stock	Purchase	5,901	2.053 GBP
Common Stock	Purchase	2,519	2.054 GBP
Common Stock	Purchase	3,673	2.0545 GBP
Common Stock	Purchase	7,638	2.0555 GBP
Common Stock	Purchase	6,335	2.056 GBP
Common Stock	Purchase	42,526	2.0565 GBP
Common Stock	Purchase	13,778	2.057 GBP
Common Stock	Purchase	17,062	2.0575 GBP
Common Stock	Purchase	44,757	2.058 GBP
Common Stock	Purchase	81,621	2.0585 GBP
Common Stock	Purchase	91,676	2.059 GBP
Common Stock	Purchase	163,760	2.0595 GBP
Common Stock	Purchase	173,365	2.06 GBP
Common Stock	Purchase	242,977	2.0605 GBP
Common Stock	Purchase	145,070	2.061 GBP
Common Stock	Purchase	104,922	2.0615 GBP
Common Stock	Purchase	1,342	2.0618 GBP
Common Stock	Purchase	101,796	2.062 GBP
Common Stock	Purchase	37,810	2.0625 GBP
Common Stock	Purchase	30,329	2.063 GBP
Common Stock	Purchase	30,383	2.0635 GBP
Common Stock	Purchase	40,511	2.064 GBP
Common Stock	Purchase	88,743	2.0645 GBP
Common Stock	Purchase	121,386	2.065 GBP
Common Stock	Purchase	75,513	2.0655 GBP
Common Stock	Purchase	84,787	2.066 GBP
Common Stock	Purchase	66,687	2.0665 GBP
Common Stock	Purchase	12,817	2.067 GBP
Common Stock	Purchase	26,270	2.0675 GBP
Common Stock	Purchase	1,285	2.068 GBP
Common Stock	Purchase	7,623	2.0695 GBP
Common Stock	Purchase	464,712	2.073 GBP
Common Stock	Sale	-1,100	2.0545 GBP
Common Stock	Sale	-786	2.055 GBP
Common Stock	Sale	-20,765	2.0555 GBP
Common Stock	Sale	-74,243	2.056 GBP
Common Stock	Sale	-37,979	2.0565 GBP
Common Stock	Sale	-51,411	2.057 GBP
Common Stock	Sale	-38,205	2.0575 GBP
Common Stock	Sale	-84,269	2.058 GBP
Common Stock	Sale	-80,487	2.0585 GBP
Common Stock	Sale	-73,398	2.059 GBP
Common Stock	Sale	-223,222	2.0595 GBP
Common Stock	Sale	-200,008	2.06 GBP
Common Stock	Sale	-117,624	2.0605 GBP
Common Stock	Sale	-119,729	2.061 GBP
Common Stock	Sale	-60,637	2.0615 GBP
Common Stock	Sale	-45,925	2.062 GBP
Common Stock	Sale	-9,158	2.0625 GBP
Common Stock	Sale	-24,664	2.063 GBP
Common Stock	Sale	-12,745	2.0635 GBP
Common Stock	Sale	-14,534	2.064 GBP
Common Stock	Sale	-94,710	2.0645 GBP
Common Stock	Sale	-89,890	2.065 GBP
Common Stock	Sale	-44,756	2.0655 GBP
Common Stock	Sale	-33,534	2.066 GBP
Common Stock	Sale	-52,768	2.0665 GBP
Common Stock	Sale	-26,498	2.067 GBP
Common Stock	Sale	-7,611	2.0675 GBP
Common Stock	Sale	-59,849	2.073 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	55,784	2.060361 GBP
Common Stock	CFD	Increasing long position	190,708	2.060361 GBP
Common Stock	CFD	Increasing long position	346,382	2.060792 GBP
Common Stock	CFD	Increasing long position	2,210	2.060804 GBP
Common Stock	CFD	Increasing long position	15,954	2.061155 GBP
Common Stock	CFD	Increasing long position	21,065	2.069 GBP
Common Stock	CFD	Increasing short position	-20,764	2.058504 GBP
Common Stock	CFD	Reducing long position	-46,599	2.058605 GBP
Common Stock	CFD	Reducing long position	-14,734	2.058606 GBP
Common Stock	CFD	Reducing long position	-205,782	2.05925 GBP
Common Stock	CFD	Reducing long position	-115,430	2.05925 GBP
Common Stock	CFD	Reducing long position	-52,647	2.05925 GBP
Common Stock	CFD	Reducing long position	-32,569	2.05925 GBP
Common Stock	CFD	Reducing long position	-15,259	2.05925 GBP
Common Stock	CFD	Reducing long position	-822	2.05925 GBP
Common Stock	CFD	Reducing long position	-264	2.05925 GBP
Common Stock	CFD	Reducing long position	-185,864	2.0595 GBP
Common Stock	CFD	Reducing long position	-158,901	2.0595 GBP
Common Stock	CFD	Reducing long position	-121,198	2.0595 GBP
Common Stock	CFD	Reducing long position	-91,266	2.0595 GBP
Common Stock	CFD	Reducing long position	-76,202	2.0595 GBP
Common Stock	CFD	Reducing long position	-64,455	2.0595 GBP
Common Stock	CFD	Reducing long position	-58,766	2.0595 GBP
Common Stock	CFD	Reducing long position	-54,371	2.0595 GBP
Common Stock	CFD	Reducing long position	-49,433	2.0595 GBP
Common Stock	CFD	Reducing long position	-44,139	2.0595 GBP
Common Stock	CFD	Reducing long position	-34,196	2.0595 GBP
Common Stock	CFD	Reducing long position	-29,369	2.0595 GBP
Common Stock	CFD	Reducing long position	-26,218	2.0595 GBP
Common Stock	CFD	Reducing long position	-22,817	2.0595 GBP
Common Stock	CFD	Reducing long position	-20,114	2.0595 GBP
Common Stock	CFD	Reducing long position	-12,770	2.0595 GBP
Common Stock	CFD	Reducing long position	-8,290	2.0595 GBP
Common Stock	CFD	Reducing long position	-6,555	2.0595 GBP
Common Stock	CFD	Reducing long position	-3,837	2.0595 GBP
Common Stock	CFD	Reducing long position	-3,193	2.0595 GBP
Common Stock	CFD	Reducing long position	-2,056	2.0595 GBP
Common Stock	CFD	Reducing long position	-1,768	2.0595 GBP
Common Stock	CFD	Reducing long position	-1,740	2.0595 GBP
Common Stock	CFD	Reducing long position	-24,024	2.060171 GBP
Common Stock	CFD	Reducing long position	-7,596	2.060172 GBP
Common Stock	CFD	Reducing long position	-68,727	2.060368 GBP
Common Stock	CFD	Reducing long position	-4,226	2.060737 GBP
Common Stock	CFD	Reducing long position	-48,398	2.060778 GBP
Common Stock	CFD	Reducing long position	-26,367	2.060778 GBP
Common Stock	CFD	Reducing long position	-8,595	2.060778 GBP
Common Stock	CFD	Reducing long position	-6,205	2.060778 GBP
Common Stock	CFD	Reducing long position	-3,194	2.060778 GBP
Common Stock	CFD	Reducing long position	-2,153	2.060778 GBP
Common Stock	CFD	Reducing long position	-1,534	2.060778 GBP
Common Stock	CFD	Reducing long position	-1,023	2.060778 GBP
Common Stock	CFD	Reducing long position	-544	2.060778 GBP
Common Stock	CFD	Reducing long position	-256	2.060778 GBP
Common Stock	CFD	Reducing long position	-136	2.060778 GBP
Common Stock	CFD	Reducing long position	-1,194	2.060869 GBP
Common Stock	CFD	Reducing long position	-17,641	2.06087 GBP
Common Stock	CFD	Reducing long position	-4,777	2.06087 GBP
Common Stock	CFD	Reducing long position	-1,243	2.06087 GBP
Common Stock	CFD	Reducing long position	-295,526	2.061003 GBP
Common Stock	CFD	Reducing long position	-276,497	2.061003 GBP
Common Stock	CFD	Reducing long position	-102,234	2.061003 GBP
Common Stock	CFD	Reducing long position	-101,808	2.061003 GBP
Common Stock	CFD	Reducing long position	-91,083	2.061003 GBP
Common Stock	CFD	Reducing long position	-68,832	2.061003 GBP
Common Stock	CFD	Reducing long position	-28,412	2.061003 GBP
Common Stock	CFD	Reducing long position	-26,936	2.061003 GBP
Common Stock	CFD	Reducing long position	-11,536	2.061003 GBP
Common Stock	CFD	Reducing long position	-9,010	2.061003 GBP
Common Stock	CFD	Reducing long position	-5,084	2.061003 GBP
Common Stock	CFD	Reducing long position	-4,607	2.061003 GBP
Common Stock	CFD	Reducing long position	-1,380,184	2.061487 GBP
Common Stock	CFD	Reducing long position	-369,312	2.061487 GBP
Common Stock	CFD	Reducing long position	-295,254	2.061487 GBP
Common Stock	CFD	Reducing long position	-235,823	2.061487 GBP
Common Stock	CFD	Reducing long position	-147,432	2.061487 GBP
Common Stock	CFD	Reducing long position	-84,773	2.061487 GBP
Common Stock	CFD	Reducing long position	-84,588	2.061487 GBP
Common Stock	CFD	Reducing long position	-81,331	2.061487 GBP
Common Stock	CFD	Reducing long position	-80,152	2.061487 GBP
Common Stock	CFD	Reducing long position	-74,075	2.061487 GBP
Common Stock	CFD	Reducing long position	-72,455	2.061487 GBP
Common Stock	CFD	Reducing long position	-71,410	2.061487 GBP
Common Stock	CFD	Reducing long position	-42,680	2.061487 GBP
Common Stock	CFD	Reducing long position	-33,100	2.061487 GBP
Common Stock	CFD	Reducing long position	-13,883	2.061487 GBP
Common Stock	CFD	Reducing long position	-12,674	2.061487 GBP
Common Stock	CFD	Reducing long position	-3,470	2.061487 GBP
Common Stock	CFD	Reducing long position	-3,250	2.061487 GBP
Common Stock	CFD	Reducing long position	-3,169	2.061487 GBP
Common Stock	CFD	Reducing long position	-1,055	2.061487 GBP
Common Stock	CFD	Reducing long position	-49,495	2.061646 GBP
Common Stock	CFD	Reducing long position	-10,084	2.061646 GBP
Common Stock	CFD	Reducing long position	-5,567	2.061646 GBP
Common Stock	CFD	Reducing long position	-106,866	2.06175 GBP
Common Stock	CFD	Reducing long position	-87,088	2.06175 GBP
Common Stock	CFD	Reducing long position	-68,693	2.06175 GBP
Common Stock	CFD	Reducing long position	-57,945	2.06175 GBP
Common Stock	CFD	Reducing long position	-49,301	2.06175 GBP
Common Stock	CFD	Reducing long position	-28,933	2.06175 GBP
Common Stock	CFD	Reducing long position	-28,119	2.06175 GBP
Common Stock	CFD	Reducing long position	-21,719	2.06175 GBP
Common Stock	CFD	Reducing long position	-3,401	2.06175 GBP
Common Stock	CFD	Reducing long position	-995	2.0645 GBP
Common Stock	CFD	Reducing long position	-102,544	2.064666 GBP
Common Stock	CFD	Reducing long position	-291,806	2.064667 GBP
Common Stock	CFD	Reducing long position	-32,514	2.064667 GBP
Common Stock	CFD	Reducing long position	-45,574	2.069 GBP
Common Stock	CFD	Reducing long position	-31,278	2.069 GBP
Common Stock	CFD	Reducing long position	-14,642	2.069 GBP
Common Stock	CFD	Reducing long position	-3,226	2.069 GBP
Common Stock	CFD	Reducing long position	-2,396	2.069 GBP
Common Stock	CFD	Reducing long position	-2,106	2.069 GBP
Common Stock	CFD	Reducing long position	-2,104	2.069 GBP
Common Stock	CFD	Reducing long position	-1,371	2.069 GBP
Common Stock	CFD	Reducing long position	-1,029	2.069 GBP
Common Stock	CFD	Reducing long position	-666	2.069 GBP
Common Stock	CFD	Reducing long position	-657	2.069 GBP
Common Stock	CFD	Reducing short position	30,695	2.064766 GBP
Common Stock	CFD	Reducing short position	52,996	2.064766 GBP
Common Stock	CFD	Reducing short position	180	2.069 GBP
Common Stock	CFD	Reducing short position	181	2.069 GBP
Common Stock	CFD	Reducing short position	972	2.069 GBP
Common Stock	CFD	Reducing short position	82,651	2.069 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	Put Option	Purchasing	-10,000	1.95 GBP	American	16/03/2018	0.045 GBP
Common	Call Option	Purchasing	5,000	1.85 GBP	American	16/03/2018	0.235 GBP
Common	Call Option	Writing	-2,000	1.95 GBP	American	15/12/2017	0.115 GBP
Common	Call Option	Writing	-5,000	1.8 GBP	American	15/12/2017	0.2625 GBP

(ii) Exercise

Class of relevant security ISIN GB0008847096	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit
Common	Call Option	Exercise	-2,000	1.7 GBP
Common	Call Option	Exercise	-25,000	1.85 GBP
Common	Call Option	Exercise	-60,000	1.9 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)

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:	18 December, 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	Put Option	Purchased	-2000	1.8 USD	American	19/01/2018
Common	Put Option	Purchased	-220000	2 USD	American	19/01/2018
Common	Call Option	Purchased	330000	2.2 USD	American	16/03/2018
Common	Put Option	Written	13000	2 USD	American	16/03/2018
Common	Call Option	Purchased	1000	2 USD	American	19/01/2018
Common	Call Option	Purchased	10000	2 USD	American	16/03/2018
Common	Call Option	Purchased	1000	2.2 USD	American	20/04/2018
Common	Put Option	Purchased	-35000	1.6 USD	American	19/01/2018
Common	Call Option	Purchased	5000	2.1 USD	American	19/01/2018
Common	Call Option	Purchased	23000	1.9 USD	American	19/01/2018
Common	Call Option	Purchased	30000	2.05 USD	American	19/01/2018
Common	Call Option	Written	-32000	1.95 USD	American	19/01/2018
Common	Put Option	Purchased	-30000	1.7 USD	American	19/01/2018
Common	Call Option	Purchased	27000	2.1 USD	American	16/02/2018
Common	Put Option	Purchased	-6000	1.7 USD	American	16/03/2018
Common	Call Option	Purchased	4000	1.9 USD	American	16/03/2018
Common	Put Option	Purchased	-10000	1.95 USD	American	16/03/2018
Common	Call Option	Purchased	20000	1.95 USD	American	16/03/2018
Common	Call Option	Purchased	5000	1.85 USD	American	16/03/2018
Common	Put Option	Purchased	-35000	1.5 USD	American	16/03/2018
Common	Put Option	Purchased	-1000	1.9 USD	American	18/05/2018
Common	Put Option	Purchased	-35000	1.65 USD	American	19/01/2018
Common	Put Option	Purchased	-5000	1.85 USD	American	21/09/2018
Common	Put Option	Written	2000	2.05 USD	American	16/02/2018

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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

RETFFWFFAFWSEEE

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