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Form 8.3 - Tesco Plc

22nd Mar 2017 09:43

RNS Number : 1939A

Societe Generale SA

22 March 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	21/03/2017
(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: 11,615,905 Shares Interests and 40,802,887 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:	11,617,405	0.14	40,802,887	0.50
(2) Cash-settled derivatives:	28,751,125	0.35	9,683,149	0.12
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	2,250,000	0.03	8,571,000	0.10
TOTAL:	42,618,530	0.52	59,057,036	0.72

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	642	1.8965
Ordinary	Purchase	1,643	1.8965
Ordinary	Purchase	2,282	1.899
Ordinary	Purchase	155	1.899
Ordinary	Purchase	2,127	1.899
Ordinary	Purchase	2,281	1.9005
Ordinary	Purchase	9	1.9
Ordinary	Purchase	1,599	1.8885
Ordinary	Purchase	3,231	1.8885
Ordinary	Purchase	418	1.889
Ordinary	Purchase	495	1.889
Ordinary	Purchase	2,682	1.889
Ordinary	Purchase	2,539	1.889
Ordinary	Purchase	347	1.889
Ordinary	Purchase	4,843	1.889
Ordinary	Purchase	1,000	1.889
Ordinary	Purchase	430	1.889
Ordinary	Purchase	9,048	1.901
Ordinary	Purchase	566	1.889
Ordinary	Purchase	9,753	1.889
Ordinary	Purchase	1,463	1.889
Ordinary	Purchase	4,578	1.889
Ordinary	Purchase	1,467	1.889
Ordinary	Purchase	2,280	1.9015
Ordinary	Purchase	908	1.9005
Ordinary	Purchase	2,500	1.8885
Ordinary	Purchase	1,275	1.8885
Ordinary	Purchase	365	1.8885
Ordinary	Purchase	2,280	1.9015
Ordinary	Purchase	581	1.887
Ordinary	Purchase	1,371	1.9005
Ordinary	Purchase	2,279	1.903
Ordinary	Purchase	325	1.899
Ordinary	Purchase	1,950	1.899
Ordinary	Purchase	98	1.8995
Ordinary	Purchase	118	1.8995
Ordinary	Purchase	2,066	1.8995
Ordinary	Purchase	2,278	1.9005
Ordinary	Purchase	2,734	1.889
Ordinary	Purchase	2,279	1.9005
Ordinary	Purchase	226	1.9
Ordinary	Purchase	2,280	1.9005
Ordinary	Purchase	2,112	1.9
Ordinary	Purchase	2,280	1.8995
Ordinary	Purchase	2,279	1.9005
Ordinary	Purchase	2,281	1.9005
Ordinary	Purchase	2,278	1.9005
Ordinary	Purchase	459	1.901
Ordinary	Purchase	1,819	1.901
Ordinary	Purchase	2,282	1.8975
Ordinary	Purchase	724	1.8975
Ordinary	Purchase	1,558	1.8975
Ordinary	Purchase	2,279	1.9015
Ordinary	Purchase	2,277	1.905
Ordinary	Purchase	2,280	1.9
Ordinary	Purchase	40	1.9005
Ordinary	Purchase	1,722	1.9005
Ordinary	Purchase	2,279	1.901
Ordinary	Purchase	558	1.9005
Ordinary	Purchase	2,279	1.9005
Ordinary	Purchase	1,350	1.9
Ordinary	Purchase	2,272	1.908
Ordinary	Purchase	895	1.9
Ordinary	Purchase	35	1.9
Ordinary	Purchase	2,272	1.9075
Ordinary	Purchase	7,087	1.889
Ordinary	Purchase	2,281	1.9
Ordinary	Purchase	2,281	1.8995
Ordinary	Purchase	257	1.9005
Ordinary	Purchase	1,980	1.9005
Ordinary	Purchase	42	1.9005
Ordinary	Purchase	15,739	1.889
Ordinary	Purchase	12,422	1.889
Ordinary	Purchase	49,705	1.889
Ordinary	Purchase	1,012	1.898
Ordinary	Purchase	1,270	1.898
Ordinary	Purchase	128	1.9005
Ordinary	Purchase	478	1.9005
Ordinary	Purchase	1,766	1.9005
Ordinary	Purchase	1,691	1.9005
Ordinary	Purchase	2,340	1.9
Ordinary	Purchase	2,863	1.889
Ordinary	Purchase	1,202	1.89
Ordinary	Purchase	571	1.89
Ordinary	Purchase	609	1.89
Ordinary	Purchase	3,015	1.89
Ordinary	Purchase	2,830	1.89
Ordinary	Purchase	2,280	1.8995
Ordinary	Purchase	2,281	1.9005
Ordinary	Purchase	524	1.8995
Ordinary	Purchase	2,286	1.8955
Ordinary	Purchase	3,700	1.8885
Ordinary	Purchase	1,300	1.8885
Ordinary	Purchase	1,134	1.9005
Ordinary	Purchase	1,146	1.9005
Ordinary	Purchase	2,183	1.8995
Ordinary	Purchase	6,399	1.889
Ordinary	Purchase	6,399	1.889
Ordinary	Purchase	3,000	1.891
Ordinary	Purchase	1,700	1.8965
Ordinary	Purchase	1,300	1.8965
Ordinary	Purchase	7	1.899
Ordinary	Purchase	10	1.8995
Ordinary	Purchase	6,062	1.889
Ordinary	Purchase	27,631	1.889
Ordinary	Purchase	7,675	1.889
Ordinary	Purchase	1,064	1.889
Ordinary	Purchase	155,262	1.889
Ordinary	Purchase	6,258	1.889
Ordinary	Purchase	8,919	1.889
Ordinary	Purchase	211	1.889
Ordinary	Purchase	13,762	1.88975
Ordinary	Purchase	1,158	1.889
Ordinary	Purchase	3,334	1.889
Ordinary	Purchase	1,188	1.889
Ordinary	Purchase	288	1.889
Ordinary	Purchase	1,122	1.889
Ordinary	Purchase	652	1.889
Ordinary	Purchase	929	1.889
Ordinary	Purchase	24	1.8895
Ordinary	Purchase	2,473	1.8895
Ordinary	Purchase	1,459	1.8885
Ordinary	Purchase	1,111	1.88825
Ordinary	Purchase	533	1.88825
Ordinary	Purchase	1,794	1.8885
Ordinary	Purchase	1,300	1.8885
Ordinary	Purchase	2,260	1.889
Ordinary	Purchase	185	1.8885
Ordinary	Purchase	859	1.8885
Ordinary	Purchase	1,762	1.8885
Ordinary	Purchase	540	1.889
Ordinary	Purchase	1,832	1.8885
Ordinary	Purchase	850	1.8885
Ordinary	Purchase	1,778	1.888
Ordinary	Purchase	8,127	1.888
Ordinary	Purchase	1,654	1.889
Ordinary	Purchase	296	1.8955
Ordinary	Purchase	3,750	1.8955
Ordinary	Purchase	857	1.889
Ordinary	Purchase	429	1.889
Ordinary	Purchase	1	1.889
Ordinary	Purchase	3,502	1.889
Ordinary	Purchase	1,865	1.889
Ordinary	Sale	400	1.896
Ordinary	Sale	1,888	1.896
Ordinary	Sale	5,011	1.909
Ordinary	Sale	900	1.8955
Ordinary	Sale	662	1.8955
Ordinary	Sale	1,694	1.9025
Ordinary	Sale	647	1.9025
Ordinary	Sale	2,281	1.9015
Ordinary	Sale	4,000	1.8965
Ordinary	Sale	1,680	1.902
Ordinary	Sale	1,680	1.902
Ordinary	Sale	9,479	1.902
Ordinary	Sale	20,187	1.902
Ordinary	Sale	4,170	1.902
Ordinary	Sale	5,440	1.8955
Ordinary	Sale	754	1.902
Ordinary	Sale	2,628	1.902
Ordinary	Sale	8,569	1.902
Ordinary	Sale	2,281	1.9015
Ordinary	Sale	4,000	1.898
Ordinary	Sale	956	1.894
Ordinary	Sale	2,097	1.894
Ordinary	Sale	4,000	1.898
Ordinary	Sale	3,088	1.896
Ordinary	Sale	5,026	1.9025
Ordinary	Sale	4,743	1.9045
Ordinary	Sale	1,012	1.9005
Ordinary	Sale	650	1.9085
Ordinary	Sale	3,670	1.9085
Ordinary	Sale	3,020	1.9085
Ordinary	Sale	670	1.9025
Ordinary	Sale	1,611	1.9025
Ordinary	Sale	94	1.903
Ordinary	Sale	2,247	1.903
Ordinary	Sale	5,490	1.902
Ordinary	Sale	5,491	1.9025
Ordinary	Sale	1,655	1.901
Ordinary	Sale	3,175	1.901
Ordinary	Sale	2,287	1.894
Ordinary	Sale	1,350	1.901
Ordinary	Sale	1,684	1.8955
Ordinary	Sale	3,108	1.8955
Ordinary	Sale	126	1.8955
Ordinary	Sale	4,966	1.8955
Ordinary	Sale	2,283	1.9015
Ordinary	Sale	4,483	1.8945
Ordinary	Sale	1,188	1.895
Ordinary	Sale	2,937	1.895
Ordinary	Sale	4,127	1.895
Ordinary	Sale	4,504	1.894
Ordinary	Sale	2,500	1.8965
Ordinary	Sale	1,985	1.9005
Ordinary	Sale	1,696	1.8945
Ordinary	Sale	2,283	1.9015
Ordinary	Sale	3,073	1.897
Ordinary	Sale	1,685	1.897
Ordinary	Sale	1,884	1.8945
Ordinary	Sale	4,000	1.893
Ordinary	Sale	4,000	1.893
Ordinary	Sale	1,370	1.901
Ordinary	Sale	3,637	1.901
Ordinary	Sale	471	1.9025
Ordinary	Sale	4,596	1.892
Ordinary	Sale	2,281	1.9015
Ordinary	Sale	4,000	1.893
Ordinary	Sale	1,810	1.9025
Ordinary	Sale	2,500	1.893
Ordinary	Sale	3,959	1.8955
Ordinary	Sale	4,167	1.907
Ordinary	Sale	843	1.893
Ordinary	Sale	2,281	1.9025
Ordinary	Sale	2,551	1.893
Ordinary	Sale	1,804	1.895
Ordinary	Sale	3,717	1.895
Ordinary	Sale	3,196	1.897
Ordinary	Sale	352	1.902
Ordinary	Sale	2,288	1.8935
Ordinary	Sale	2,286	1.8935
Ordinary	Sale	1,978	1.902
Ordinary	Sale	4,370	1.902
Ordinary	Sale	4,369	1.8955
Ordinary	Sale	4,088	1.8955
Ordinary	Sale	297	1.896
Ordinary	Sale	4,000	1.896
Ordinary	Sale	3,862	1.896
Ordinary	Sale	2,041	1.896
Ordinary	Sale	2,773	1.896
Ordinary	Sale	4,000	1.896
Ordinary	Sale	6,882	1.9
Ordinary	Sale	2,288	1.8915
Ordinary	Sale	3,029	1.902
Ordinary	Sale	2,598	1.902
Ordinary	Sale	2,100	1.902
Ordinary	Sale	2,894	1.902
Ordinary	Sale	7,500	1.905
Ordinary	Sale	1,363	1.901
Ordinary	Sale	1,623	1.889
Ordinary	Sale	4,244	1.889
Ordinary	Sale	2,190	1.901
Ordinary	Sale	2,282	1.9015
Ordinary	Sale	2,284	1.9
Ordinary	Sale	4,784	1.902
Ordinary	Sale	2,290	1.8925
Ordinary	Sale	4,000	1.896
Ordinary	Sale	4,110	1.892
Ordinary	Sale	3,062	1.902
Ordinary	Sale	2,980	1.902
Ordinary	Sale	4,100	1.899
Ordinary	Sale	2,546	1.8905
Ordinary	Sale	2,292	1.891
Ordinary	Sale	2,323	1.8875
Ordinary	Sale	2,311	1.887
Ordinary	Sale	2,979	1.8885
Ordinary	Sale	2,311	1.8885
Ordinary	Sale	1,221	1.8885
Ordinary	Sale	3,185	1.8885
Ordinary	Sale	2,615	1.8885
Ordinary	Sale	4,000	1.88875
Ordinary	Sale	2,569	1.88875
Ordinary	Sale	2,187	1.88875
Ordinary	Sale	111	1.8885
Ordinary	Sale	1,136	1.889
Ordinary	Sale	7,833	1.89
Ordinary	Sale	250	1.89
Ordinary	Sale	118	1.8885
Ordinary	Sale	1,970	1.8885
Ordinary	Sale	1,918	1.889
Ordinary	Sale	3,580	1.889
Ordinary	Sale	66,397	1.889
Ordinary	Sale	36,164	1.889
Ordinary	Sale	32,791	1.889
Ordinary	Sale	2,310	1.8895
Ordinary	Sale	1,696	1.8885
Ordinary	Sale	4,000	1.8885
Ordinary	Sale	696	1.8885
Ordinary	Sale	397	1.8885
Ordinary	Sale	93	1.89
Ordinary	Sale	515	1.89
Ordinary	Sale	608	1.89
Ordinary	Sale	607	1.89
Ordinary	Sale	632	1.89
Ordinary	Sale	631	1.89
Ordinary	Sale	1,581	1.8965
Ordinary	Sale	1,582	1.8965
Ordinary	Sale	1,797	1.8975
Ordinary	Sale	1,200	1.8935
Ordinary	Sale	1,200	1.8935
Ordinary	Sale	1,200	1.8935
Ordinary	Sale	1,787	1.9
Ordinary	Sale	3,199	1.9
Ordinary	Sale	1,412	1.9
Ordinary	Sale	3,898	1.8975
Ordinary	Sale	4,486	1.8975
Ordinary	Sale	5,400	1.8975
Ordinary	Sale	349	1.889
Ordinary	Sale	5,651	1.889
Ordinary	Sale	4,597	1.8965
Ordinary	Sale	1,468	1.896
Ordinary	Sale	3,000	1.8905
Ordinary	Sale	1,976	1.894
Ordinary	Sale	1,853	1.894
Ordinary	Sale	1,853	1.894
Ordinary	Sale	2,930	1.8945
Ordinary	Sale	2,932	1.893
Ordinary	Sale	2,508	1.897
Ordinary	Sale	7,520	1.895
Ordinary	Sale	3,000	1.8965
Ordinary	Sale	9,356	1.8945
Ordinary	Sale	1,500	1.8935
Ordinary	Sale	1,898	1.8945
Ordinary	Sale	52	1.8945
Ordinary	Sale	7,406	1.8945
Ordinary	Sale	2,928	1.89625
Ordinary	Sale	2,928	1.89625
Ordinary	Sale	2,928	1.89625
Ordinary	Sale	2,490	1.9035
Ordinary	Sale	5,544	1.903
Ordinary	Sale	1,727	1.893
Ordinary	Sale	7,320	1.895
Ordinary	Sale	1,750	1.895
Ordinary	Sale	282	1.895
Ordinary	Sale	3,144	1.895
Ordinary	Sale	2,144	1.895
Ordinary	Sale	2,500	1.898
Ordinary	Sale	2,100	1.8965
Ordinary	Sale	5,923	1.893
Ordinary	Sale	106	1.889
Ordinary	Sale	2,028	1.88975
Ordinary	Sale	2,311	1.887
Ordinary	Sale	2,010	1.88825
Ordinary	Sale	2,022	1.88875
Ordinary	Sale	4,023	1.88875
Ordinary	Sale	3,125	1.8885
Ordinary	Sale	1,057	1.8885
Ordinary	Sale	647	1.8885
Ordinary	Sale	400	1.889
Ordinary	Sale	2,927	1.8885
Ordinary	Sale	2,650	1.8885
Ordinary	Sale	2,150	1.8885
Ordinary	Sale	100	1.889
Ordinary	Sale	2,310	1.887
Ordinary	Sale	23	1.8955
Ordinary	Sale	1,070	1.889
Ordinary	Sale	267,127	1.8972509
	Total Purchases	542,375
	Total Sales	953,062

(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 short position

267,127

1.8972509

(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:	22/03/2017
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	1,000	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

RETEANDAALEXEEF

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