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Form 8.3 - Tesco Plc

20th Feb 2017 10:18

RNS Number : 3037X

Societe Generale SA

20 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	17/02/2017
(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: 10,587,581 Shares interests and 34,051,560 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:	10,589,081	0.13	34,051,560	0.42
(2) Cash-settled derivatives:	28,345,662	0.35	10,298,858	0.13
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	2,250,000	0.03	9,819,000	0.12
TOTAL:	41,184,743	0.50	54,169,418	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	3,172	1.9575
Ordinary	Purchase	1,066	1.9575
Ordinary	Purchase	745	1.9575
Ordinary	Purchase	166	1.9575
Ordinary	Purchase	2,577	1.9575
Ordinary	Purchase	2,428	1.9575
Ordinary	Purchase	12,831	1.9575
Ordinary	Purchase	4,410	1.9575
Ordinary	Purchase	851	1.9575
Ordinary	Purchase	668	1.9575
Ordinary	Purchase	9,633	1.9595
Ordinary	Purchase	349	1.9515
Ordinary	Purchase	1,847	1.9515
Ordinary	Purchase	2,200	1.958
Ordinary	Purchase	2,036	1.958
Ordinary	Purchase	2,200	1.952
Ordinary	Purchase	2,191	1.9575
Ordinary	Purchase	3,534	1.9535
Ordinary	Purchase	2,200	1.9535
Ordinary	Purchase	2,199	1.9505
Ordinary	Purchase	971	1.9555
Ordinary	Purchase	800	1.9555
Ordinary	Purchase	416	1.9555
Ordinary	Purchase	2,500	1.953
Ordinary	Purchase	2,186	1.9555
Ordinary	Purchase	2,191	1.958
Ordinary	Purchase	2,191	1.957
Ordinary	Purchase	2,299	1.955
Ordinary	Purchase	2,300	1.9545
Ordinary	Purchase	2,500	1.9555
Ordinary	Purchase	2,197	1.9525
Ordinary	Purchase	1,533	1.9555
Ordinary	Purchase	1,303	1.953
Ordinary	Purchase	4,000	1.953
Ordinary	Purchase	1,028	1.953
Ordinary	Purchase	1,280	1.953
Ordinary	Purchase	915	1.953
Ordinary	Purchase	1,648	1.953
Ordinary	Purchase	2,186	1.956
Ordinary	Purchase	2,194	1.9565
Ordinary	Purchase	2,191	1.956
Ordinary	Purchase	284	1.9515
Ordinary	Purchase	1,914	1.9515
Ordinary	Purchase	2,576	1.96
Ordinary	Purchase	2,500	1.9565
Ordinary	Purchase	2,196	1.952
Ordinary	Purchase	14,437	1.954
Ordinary	Purchase	2,444	1.958
Ordinary	Purchase	1,697	1.958
Ordinary	Purchase	2,500	1.957
Ordinary	Purchase	2,412	1.9565
Ordinary	Purchase	1,750	1.9565
Ordinary	Purchase	750	1.9565
Ordinary	Purchase	1,350	1.9555
Ordinary	Purchase	836	1.9555
Ordinary	Purchase	1,309	1.9555
Ordinary	Purchase	878	1.9555
Ordinary	Purchase	2,198	1.9515
Ordinary	Purchase	1,108	1.9575
Ordinary	Purchase	1,082	1.9575
Ordinary	Purchase	2,187	1.955
Ordinary	Purchase	426	1.9555
Ordinary	Purchase	1,760	1.9555
Ordinary	Purchase	2,186	1.9555
Ordinary	Purchase	2,186	1.9555
Ordinary	Purchase	148	1.9515
Ordinary	Purchase	1,532	1.9515
Ordinary	Purchase	665	1.9515
Ordinary	Purchase	323	1.9565
Ordinary	Purchase	1,862	1.9565
Ordinary	Purchase	2,185	1.9555
Ordinary	Purchase	2,184	1.9575
Ordinary	Purchase	2,251	1.9515
Ordinary	Purchase	2,130	1.954
Ordinary	Purchase	2,196	1.953
Ordinary	Purchase	2,190	1.959
Ordinary	Purchase	2,192	1.9515
Ordinary	Purchase	2,502	1.958
Ordinary	Purchase	2,208	1.9565
Ordinary	Purchase	2,225	1.957
Ordinary	Purchase	1,440	1.9555
Ordinary	Purchase	2,377	1.9575
Ordinary	Purchase	2,338	1.958
Ordinary	Purchase	2,502	1.9575
Ordinary	Purchase	2,339	1.956
Ordinary	Purchase	2,190	1.953
Ordinary	Purchase	2,187	1.9555
Ordinary	Purchase	2,191	1.9525
Ordinary	Purchase	2,027	1.953
Ordinary	Purchase	1,332	1.953
Ordinary	Purchase	689	1.953
Ordinary	Purchase	1,302	1.953
Ordinary	Purchase	1,287	1.953
Ordinary	Purchase	474	1.9495
Ordinary	Purchase	1,724	1.9495
Ordinary	Purchase	2,200	1.954
Ordinary	Purchase	2,500	1.9565
Ordinary	Purchase	2,500	1.9565
Ordinary	Purchase	2,185	1.9565
Ordinary	Purchase	382	1.956
Ordinary	Purchase	1,534	1.9545
Ordinary	Purchase	3,258	1.9545
Ordinary	Purchase	100	1.9545
Ordinary	Purchase	669	1.954
Ordinary	Purchase	1,520	1.954
Ordinary	Purchase	2,185	1.956
Ordinary	Purchase	291	1.9555
Ordinary	Purchase	1,896	1.9555
Ordinary	Purchase	2,243	1.955
Ordinary	Purchase	1,257	1.9525
Ordinary	Purchase	2,500	1.9525
Ordinary	Purchase	3,447	1.9525
Ordinary	Purchase	1,800	1.9525
Ordinary	Purchase	208	1.9525
Ordinary	Purchase	209	1.9515
Ordinary	Purchase	2,188	1.955
Ordinary	Purchase	1,989	1.9515
Ordinary	Purchase	1,902	1.954
Ordinary	Purchase	1,753	1.954
Ordinary	Purchase	441	1.954
Ordinary	Purchase	2,244	1.954
Ordinary	Purchase	2,196	1.952
Ordinary	Purchase	12,306	1.9505
Ordinary	Purchase	4,000	1.9495
Ordinary	Purchase	4,000	1.9495
Ordinary	Purchase	100	1.9495
Ordinary	Purchase	2,197	1.9515
Ordinary	Purchase	1,358	1.9495
Ordinary	Purchase	1,508	1.9495
Ordinary	Purchase	4,000	1.9495
Ordinary	Purchase	2,255	1.951
Ordinary	Purchase	2,187	1.9555
Ordinary	Purchase	1,421	1.959
Ordinary	Purchase	770	1.959
Ordinary	Purchase	2,282	1.958
Ordinary	Purchase	1,790	1.956
Ordinary	Purchase	5,010	1.956
Ordinary	Purchase	2,444	1.956
Ordinary	Purchase	1,529	1.9615
Ordinary	Purchase	1,533	1.9555
Ordinary	Purchase	2,571	1.9555
Ordinary	Purchase	248	1.952
Ordinary	Purchase	1,273	1.952
Ordinary	Purchase	227	1.952
Ordinary	Purchase	1,532	1.957
Ordinary	Purchase	13,286	1.95175
Ordinary	Purchase	1,638	1.9695
Ordinary	Purchase	2,000	1.97
Ordinary	Purchase	2,332	1.9525
Ordinary	Purchase	1,251	1.952
Ordinary	Purchase	3,250	1.953
Ordinary	Purchase	2,600	1.953
Ordinary	Purchase	4,138	1.9545
Ordinary	Purchase	1,400	1.9545
Ordinary	Purchase	2,000	1.9555
Ordinary	Purchase	2,277	1.9545
Ordinary	Purchase	2,447	1.95425
Ordinary	Purchase	1,200	1.968
Ordinary	Purchase	800	1.968
Ordinary	Purchase	1,364	1.95575
Ordinary	Purchase	509	1.956
Ordinary	Purchase	1,935	1.955
Ordinary	Purchase	2,939	1.955
Ordinary	Purchase	1,190	1.955
Ordinary	Purchase	2,000	1.97
Ordinary	Purchase	2,827	1.95
Ordinary	Purchase	50	1.9575
Ordinary	Purchase	2,032	1.9575
Ordinary	Purchase	1,550	1.955
Ordinary	Purchase	66	1.954
Ordinary	Purchase	4,581	1.953
Ordinary	Purchase	4,242	1.953
Ordinary	Purchase	560	1.953
Ordinary	Purchase	1,250	1.953
Ordinary	Purchase	84	1.953
Ordinary	Purchase	2,500	1.954
Ordinary	Purchase	638	1.954
Ordinary	Purchase	2,200	1.954
Ordinary	Purchase	2,000	1.956
Ordinary	Purchase	1,100	1.952
Ordinary	Purchase	2,670	1.95
Ordinary	Purchase	4,311	1.95
Ordinary	Purchase	1,300	1.9595
Ordinary	Purchase	551	1.9595
Ordinary	Purchase	149	1.9595
Ordinary	Purchase	2,500	1.9525
Ordinary	Purchase	7,001	1.9545
Ordinary	Purchase	7,001	1.9545
Ordinary	Purchase	3,246	1.9545
Ordinary	Purchase	2,500	1.955
Ordinary	Purchase	10,107	1.9575
Ordinary	Purchase	400	1.9525
Ordinary	Purchase	955	1.9525
Ordinary	Purchase	2,998	1.9525
Ordinary	Purchase	321,103	1.958152
Ordinary	Purchase	180,689	1.955702
Ordinary	Purchase	104,367	1.955939
Ordinary	Sale	31	1.959
Ordinary	Sale	32	1.956
Ordinary	Sale	16,055	1.96
Ordinary	Sale	1	1.96
Ordinary	Sale	1,535	1.9515
Ordinary	Sale	2,438	1.9515
Ordinary	Sale	4,464	1.9515
Ordinary	Sale	9,695	1.9515
Ordinary	Sale	5,086	1.9515
Ordinary	Sale	2,391	1.9515
Ordinary	Sale	3,957	1.9515
Ordinary	Sale	1,543	1.9515
Ordinary	Sale	800	1.9525
Ordinary	Sale	1,011	1.9525
Ordinary	Sale	1,799	1.9525
Ordinary	Sale	1,587	1.9525
Ordinary	Sale	3,415	1.9725
Ordinary	Sale	3,985	1.972
Ordinary	Sale	5,999	1.9515
Ordinary	Sale	3,830	1.9505
Ordinary	Sale	3,045	1.9505
Ordinary	Sale	664	1.955
Ordinary	Sale	3,377	1.9515
Ordinary	Sale	1,410	1.9515
Ordinary	Sale	2,175	1.955
Ordinary	Sale	5,658	1.955
Ordinary	Sale	1,643	1.9515
Ordinary	Sale	2,898	1.9515
Ordinary	Sale	2,637	1.957
Ordinary	Sale	1,071	1.957
Ordinary	Sale	7,096	1.95
Ordinary	Sale	9,833	1.9575
Ordinary	Sale	3,200	1.9645
Ordinary	Sale	2,167	1.957
Ordinary	Sale	3,560	1.957
Ordinary	Sale	1	1.9545
Ordinary	Sale	52,481	1.9575
Ordinary	Sale	12,532	1.9575
Ordinary	Sale	38,939	1.9575
Ordinary	Sale	246	1.9575
Ordinary	Sale	1	1.96
Ordinary	Sale	36	1.953
Ordinary	Sale	36	1.956
Ordinary	Sale	1	1.959
Ordinary	Sale	23	1.9555
Ordinary	Sale	8,028	1.9745
Ordinary	Sale	2,972	1.9575
Ordinary	Sale	834	1.96
Ordinary	Sale	78	1.96
Ordinary	Sale	16,055	1.96
Ordinary	Sale	2,536	1.96
Ordinary	Sale	2,943	1.96
Ordinary	Sale	17	1.96
Ordinary	Sale	6,315	1.9575
Ordinary	Sale	8,028	1.96
Ordinary	Sale	1,259	1.96
Ordinary	Sale	1,118	1.96
Ordinary	Sale	10,340	1.96
Ordinary	Sale	21,771	1.96
Ordinary	Sale	158	1.96
Ordinary	Sale	1,380	1.96
Ordinary	Sale	8,942	1.96
Ordinary	Sale	16,055	1.96
Ordinary	Sale	8,028	1.96
Ordinary	Sale	3,211	1.96
Ordinary	Sale	13,083	1.9575
Ordinary	Sale	9,740	1.9575
Ordinary	Sale	18	1.9525
Ordinary	Sale	2,000	1.971
Ordinary	Sale	791	1.95
Ordinary	Sale	976	1.95
Ordinary	Sale	2,500	1.957
Ordinary	Sale	1,285	1.953501946
Ordinary	Sale	224,772	1.952
Ordinary	Sale	231,000	1.9571
Ordinary	Sale	32,084	1.96
Ordinary	Sale	32,110	1.96
Ordinary	Sale	32,110	1.96
Ordinary	Sale	32,110	1.96
Ordinary	Sale	32,110	1.96
Ordinary	Sale	32,110	1.96
Ordinary	Sale	32,110	1.96
Ordinary	Sale	32,110	1.96
Ordinary	Sale	26	1.96
	Total Purchases	1,032,512
	Total Sales	1,087,497

(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	Reducing a long position	180,689	1.955702
Ordinary	CFD	Reducing a long position	104,367	1.955939
Ordinary	Future	Expiry	231,000	N/A

(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:	20/02/2017
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	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

RETEAEAEAFKXEFF

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