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Form 8.3 - Tesco Plc

20th Nov 2017 15:00

RNS Number : 0050X

Citadel Group

20 November 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	17 November, 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	543,660	0.01
(2) Cash-settled derivatives:	83,307,072	1.02	0	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	38,000	0.00	170,000	0.00
TOTAL:	83,345,072	1.02	713,660	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	4,738	1.8165 GBP
Common Stock	Purchase	1,463	1.8175 GBP
Common Stock	Purchase	15,273	1.819 GBP
Common Stock	Purchase	6	1.8195 GBP
Common Stock	Purchase	12,418	1.82 GBP
Common Stock	Purchase	20,484	1.8205 GBP
Common Stock	Purchase	1,407	1.82075 GBP
Common Stock	Purchase	15,934	1.821 GBP
Common Stock	Purchase	4,366	1.8215 GBP
Common Stock	Purchase	778	1.822 GBP
Common Stock	Purchase	2,000	1.823 GBP
Common Stock	Purchase	3,856	1.8235 GBP
Common Stock	Purchase	2,296	1.824 GBP
Common Stock	Purchase	4,168	1.8245 GBP
Common Stock	Purchase	1,749	1.825 GBP
Common Stock	Purchase	6,341	1.8255 GBP
Common Stock	Purchase	11,533	1.826 GBP
Common Stock	Purchase	5,994	1.8265 GBP
Common Stock	Purchase	25,516	1.827 GBP
Common Stock	Purchase	55,099	1.8275 GBP
Common Stock	Purchase	28,049	1.828 GBP
Common Stock	Purchase	13,933	1.8285 GBP
Common Stock	Purchase	9,411	1.829 GBP
Common Stock	Purchase	32,531	1.8295 GBP
Common Stock	Purchase	63,561	1.83 GBP
Common Stock	Purchase	186,263	1.8305 GBP
Common Stock	Purchase	85,715	1.831 GBP
Common Stock	Purchase	92,906	1.8315 GBP
Common Stock	Purchase	84,337	1.832 GBP
Common Stock	Purchase	135	1.83225 GBP
Common Stock	Purchase	98,408	1.8325 GBP
Common Stock	Purchase	26,709	1.833 GBP
Common Stock	Purchase	45,188	1.8335 GBP
Common Stock	Purchase	55,338	1.834 GBP
Common Stock	Purchase	40,155	1.8345 GBP
Common Stock	Purchase	131,849	1.835 GBP
Common Stock	Purchase	2,992	1.83525 GBP
Common Stock	Purchase	85,767	1.8355 GBP
Common Stock	Purchase	55,609	1.836 GBP
Common Stock	Purchase	33,847	1.8365 GBP
Common Stock	Purchase	57,104	1.837 GBP
Common Stock	Purchase	104,214	1.8375 GBP
Common Stock	Purchase	48,798	1.838 GBP
Common Stock	Purchase	17,070	1.8385 GBP
Common Stock	Purchase	18,490	1.839 GBP
Common Stock	Purchase	41,286	1.8395 GBP
Common Stock	Purchase	9,924	1.84 GBP
Common Stock	Purchase	19,869	1.8405 GBP
Common Stock	Purchase	40,333	1.841 GBP
Common Stock	Purchase	45,027	1.8415 GBP
Common Stock	Purchase	14,490	1.842 GBP
Common Stock	Purchase	25,912	1.8425 GBP
Common Stock	Purchase	65,566	1.843 GBP
Common Stock	Purchase	119,666	1.8435 GBP
Common Stock	Purchase	55,083	1.844 GBP
Common Stock	Purchase	15,448	1.8445 GBP
Common Stock	Purchase	24,492	1.845 GBP
Common Stock	Purchase	31,369	1.8455 GBP
Common Stock	Purchase	17,919	1.846 GBP
Common Stock	Sale	-4,400	1.817 GBP
Common Stock	Sale	-3,900	1.8175 GBP
Common Stock	Sale	-2,000	1.818 GBP
Common Stock	Sale	-8,840	1.8185 GBP
Common Stock	Sale	-1,200	1.819 GBP
Common Stock	Sale	-3,629	1.8195 GBP
Common Stock	Sale	-4,585	1.82 GBP
Common Stock	Sale	-11,170	1.8205 GBP
Common Stock	Sale	-6,874	1.821 GBP
Common Stock	Sale	-9,250	1.8215 GBP
Common Stock	Sale	-4,395	1.8235 GBP
Common Stock	Sale	-7,018	1.824 GBP
Common Stock	Sale	-10,404	1.8245 GBP
Common Stock	Sale	-2,000	1.825 GBP
Common Stock	Sale	-16,695	1.8255 GBP
Common Stock	Sale	-13,500	1.826 GBP
Common Stock	Sale	-7,184	1.8265 GBP
Common Stock	Sale	-13,778	1.827 GBP
Common Stock	Sale	-31,028	1.8275 GBP
Common Stock	Sale	-21,915	1.828 GBP
Common Stock	Sale	-23,932	1.8285 GBP
Common Stock	Sale	-32,868	1.829 GBP
Common Stock	Sale	-14,536	1.8295 GBP
Common Stock	Sale	-86,279	1.83 GBP
Common Stock	Sale	-64,904	1.8305 GBP
Common Stock	Sale	-35,329	1.831 GBP
Common Stock	Sale	-20,729	1.8315 GBP
Common Stock	Sale	-65,001	1.832 GBP
Common Stock	Sale	-24,269	1.8325 GBP
Common Stock	Sale	-21,581	1.833 GBP
Common Stock	Sale	-74,329	1.8335 GBP
Common Stock	Sale	-50,715	1.834 GBP
Common Stock	Sale	-94,484	1.8345 GBP
Common Stock	Sale	-41,563	1.835 GBP
Common Stock	Sale	-48,755	1.8355 GBP
Common Stock	Sale	-9,299	1.836 GBP
Common Stock	Sale	-66,240	1.8365 GBP
Common Stock	Sale	-67,165	1.837 GBP
Common Stock	Sale	-72,807	1.8375 GBP
Common Stock	Sale	-37,767	1.838 GBP
Common Stock	Sale	-18,658	1.8385 GBP
Common Stock	Sale	-7,823	1.839 GBP
Common Stock	Sale	-36,247	1.8395 GBP
Common Stock	Sale	-57,847	1.84 GBP
Common Stock	Sale	-42,339	1.8405 GBP
Common Stock	Sale	-28,693	1.841 GBP
Common Stock	Sale	-15,706	1.8415 GBP
Common Stock	Sale	-75,828	1.842 GBP
Common Stock	Sale	-19,840	1.84225 GBP
Common Stock	Sale	-85,388	1.8425 GBP
Common Stock	Sale	-7,563	1.84275 GBP
Common Stock	Sale	-40,128	1.843 GBP
Common Stock	Sale	-100,950	1.8435 GBP
Common Stock	Sale	-57,257	1.844 GBP
Common Stock	Sale	-21,296	1.8445 GBP
Common Stock	Sale	-16,993	1.845 GBP
Common Stock	Sale	-13,079	1.8455 GBP
Common Stock	Sale	-4,333	1.846 GBP
Common Stock	Sale	-51,827	1.847 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	5,429	1.827444 GBP
Common Stock	CFD	Increasing long position	67,435	1.829378 GBP
Common Stock	CFD	Increasing long position	14,954	1.83025 GBP
Common Stock	CFD	Increasing long position	10,844	1.831966 GBP
Common Stock	CFD	Increasing long position	84,531	1.831972 GBP
Common Stock	CFD	Increasing long position	196	1.8325 GBP
Common Stock	CFD	Increasing long position	627	1.8325 GBP
Common Stock	CFD	Increasing long position	1,447	1.8325 GBP
Common Stock	CFD	Increasing long position	5,589	1.833241 GBP
Common Stock	CFD	Increasing long position	16,864	1.833511 GBP
Common Stock	CFD	Increasing long position	10,361	1.833791 GBP
Common Stock	CFD	Increasing long position	2,197	1.833901 GBP
Common Stock	CFD	Increasing long position	34,103	1.834126 GBP
Common Stock	CFD	Increasing long position	71,238	1.834664 GBP
Common Stock	CFD	Increasing long position	24,789	1.835187 GBP
Common Stock	CFD	Increasing long position	79,528	1.835536 GBP
Common Stock	CFD	Increasing long position	2,693	1.835749 GBP
Common Stock	CFD	Reducing long position	-23,672	1.833438 GBP
Common Stock	CFD	Reducing long position	-7,897	1.833438 GBP
Common Stock	CFD	Reducing long position	-3,768	1.833438 GBP
Common Stock	CFD	Reducing long position	-2,113	1.833438 GBP
Common Stock	CFD	Reducing long position	-11,681	1.833689 GBP
Common Stock	CFD	Reducing long position	-1,155	1.833689 GBP
Common Stock	CFD	Reducing long position	-33,983	1.836264 GBP
Common Stock	CFD	Reducing long position	-159	1.836264 GBP
Common Stock	CFD	Reducing long position	-24,875	1.83702 GBP
Common Stock	CFD	Reducing long position	-483	1.8425 GBP
Common Stock	CFD	Reducing long position	-436	1.8425 GBP
Common Stock	CFD	Reducing long position	-26,826	1.843177 GBP
Common Stock	CFD	Reducing long position	-1,396	1.843177 GBP
Common Stock	CFD	Reducing long position	-442	1.844 GBP
Common Stock	CFD	Reducing long position	-121	1.8445 GBP
Common Stock	CFD	Reducing long position	-4,765	1.844597 GBP
Common Stock	CFD	Reducing long position	-1,938	1.844711 GBP
Common Stock	CFD	Reducing long position	-2,417	1.8455 GBP
Common Stock	CFD	Reducing short position	122,505	1.834664 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

16,000

1.9 GBP

American

19/01/2018

0.0425 GBP

Common

Call Option

Writing

-16,000

1.85 GBP

American

17/11/2017

0.0025 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

Put Option

Exercise

30,000

1.85 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:	20 November, 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	2000	1.7 USD	American	15/12/2017
Common	Put Option	Purchased	-2000	1.8 USD	American	19/01/2018
Common	Call Option	Purchased	3000	1.9 USD	American	15/12/2017
Common	Call Option	Purchased	20000	1.85 USD	American	15/12/2017
Common	Put Option	Written	3000	2 USD	American	16/03/2018
Common	Put Option	Purchased	-30000	1.6 USD	American	15/12/2017
Common	Call Option	Purchased	10000	2 USD	American	16/03/2018
Common	Call Option	Purchased	5000	1.8 USD	American	15/12/2017
Common	Put Option	Purchased	-35000	1.6 USD	American	19/01/2018
Common	Call Option	Purchased	23000	1.9 USD	American	19/01/2018
Common	Call Option	Written	-49000	1.95 USD	American	19/01/2018
Common	Put Option	Purchased	-30000	1.7 USD	American	19/01/2018
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	Call Option	Purchased	20000	1.95 USD	American	16/03/2018
Common	Put Option	Purchased	-35000	1.5 USD	American	16/03/2018
Common	Put Option	Purchased	-35000	1.65 USD	American	19/01/2018
Common	Call Option	Purchased	500000	75 USD	American	15/12/2017

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

RETFEAFLSFWSEDF

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