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Form 8.3 - TESCO PLC

6th Mar 2017 10:13

RNS Number : 6037Y

Societe Generale SA

06 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	03/03/2017
(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: 13,362,569 Shares Interests and 36,193,990 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:	13,364,069	0.16	36,193,990	0.44
(2) Cash-settled derivatives:	28,982,125	0.35	9,147,548	0.11
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	2,250,000	0.03	9,824,000	0.12
TOTAL:	44,596,194	0.55	55,165,538	0.67

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	236	1.881
Ordinary	Purchase	7,599	1.881
Ordinary	Purchase	6,333	1.881
Ordinary	Purchase	7,598	1.881
Ordinary	Purchase	64	1.874
Ordinary	Purchase	24,685	1.881
Ordinary	Purchase	6,951	1.881
Ordinary	Purchase	50,911	1.881
Ordinary	Purchase	1,569	1.8785
Ordinary	Purchase	22,830	1.881
Ordinary	Purchase	1,755	1.8785
Ordinary	Purchase	1,596	1.8785
Ordinary	Purchase	40,176	1.881
Ordinary	Purchase	17,045	1.881
Ordinary	Purchase	214	1.8805
Ordinary	Purchase	10,239	1.8805
Ordinary	Purchase	4,101	1.8805
Ordinary	Purchase	4,666	1.881
Ordinary	Purchase	2,376	1.881
Ordinary	Purchase	1,910	1.877
Ordinary	Purchase	52,116	1.881
Ordinary	Purchase	536	1.881
Ordinary	Purchase	2,282	1.8765
Ordinary	Purchase	2,282	1.8785
Ordinary	Purchase	2,283	1.8765
Ordinary	Purchase	2,281	1.8765
Ordinary	Purchase	2,271	1.878
Ordinary	Purchase	2,282	1.8775
Ordinary	Purchase	2,281	1.8785
Ordinary	Purchase	97	1.8785
Ordinary	Purchase	1,160	1.878
Ordinary	Purchase	1,121	1.878
Ordinary	Purchase	105	1.8775
Ordinary	Purchase	777	1.8775
Ordinary	Purchase	1,500	1.8785
Ordinary	Purchase	2,079	1.878
Ordinary	Purchase	193	1.878
Ordinary	Purchase	92	1.8785
Ordinary	Purchase	2,289	1.8785
Ordinary	Purchase	2,277	1.8785
Ordinary	Purchase	100	1.8775
Ordinary	Purchase	69	1.8805
Ordinary	Purchase	869	1.874
Ordinary	Purchase	1,417	1.874
Ordinary	Purchase	1,583	1.8725
Ordinary	Purchase	2,500	1.8805
Ordinary	Purchase	2,500	1.8805
Ordinary	Purchase	968	1.875
Ordinary	Purchase	314	1.8775
Ordinary	Purchase	1,982	1.8775
Ordinary	Purchase	2,500	1.881
Ordinary	Purchase	3,165	1.8785
Ordinary	Purchase	728	1.8785
Ordinary	Purchase	2,500	1.8785
Ordinary	Purchase	1,282	1.8785
Ordinary	Purchase	1,532	1.8765
Ordinary	Purchase	766	1.8765
Ordinary	Purchase	2,500	1.874
Ordinary	Purchase	5,421	1.876
Ordinary	Purchase	3,000	1.88
Ordinary	Purchase	3,381	1.88
Ordinary	Purchase	2,051	1.881
Ordinary	Purchase	818	1.881
Ordinary	Purchase	1,600	1.874
Ordinary	Purchase	1,599	1.874
Ordinary	Purchase	1,401	1.874
Ordinary	Purchase	2,918	1.8755
Ordinary	Purchase	1,371	1.8735
Ordinary	Purchase	1,371	1.8735
Ordinary	Purchase	272	1.8785
Ordinary	Purchase	67	1.8785
Ordinary	Purchase	1,507	1.8785
Ordinary	Purchase	4,047	1.875
Ordinary	Purchase	3	1.88
Ordinary	Purchase	3,000	1.8805
Ordinary	Purchase	3,014	1.8725
Ordinary	Purchase	3,105	1.881
Ordinary	Purchase	5,410	1.874
Ordinary	Purchase	2,048	1.88
Ordinary	Purchase	2,274	1.8765
Ordinary	Purchase	2,271	1.8785
Ordinary	Purchase	2,281	1.8765
Ordinary	Purchase	820	1.8785
Ordinary	Purchase	7	1.8785
Ordinary	Purchase	2,000	1.8785
Ordinary	Purchase	670	1.8785
Ordinary	Purchase	2,279	1.8765
Ordinary	Purchase	2,272	1.878
Ordinary	Purchase	2,281	1.8775
Ordinary	Purchase	1,300	1.8805
Ordinary	Purchase	980	1.878
Ordinary	Purchase	907	1.878
Ordinary	Purchase	394	1.878
Ordinary	Purchase	2,281	1.8785
Ordinary	Purchase	102	1.8785
Ordinary	Purchase	704	1.878
Ordinary	Purchase	813	1.878
Ordinary	Purchase	1,400	1.8805
Ordinary	Purchase	764	1.878
Ordinary	Purchase	980	1.8805
Ordinary	Purchase	2,281	1.879
Ordinary	Purchase	459	1.881
Ordinary	Purchase	2,272	1.8775
Ordinary	Purchase	111	1.8775
Ordinary	Purchase	654	1.8775
Ordinary	Purchase	1,627	1.8775
Ordinary	Purchase	2,768	1.8775
Ordinary	Purchase	2,277	1.8785
Ordinary	Purchase	2,281	1.878
Ordinary	Purchase	26,000	1.880476
Ordinary	Purchase	1	1.9015
Ordinary	Purchase	1,076,252	1.895633
Ordinary	Sale	1,273	1.8805
Ordinary	Sale	664	1.8785
Ordinary	Sale	2,210	1.875
Ordinary	Sale	470	1.8805
Ordinary	Sale	601	1.874
Ordinary	Sale	610	1.874
Ordinary	Sale	2,822	1.871
Ordinary	Sale	574	1.881
Ordinary	Sale	70	1.8805
Ordinary	Sale	116	1.875
Ordinary	Sale	1,366	1.8735
Ordinary	Sale	535	1.8735
Ordinary	Sale	55	1.8735
Ordinary	Sale	573	1.8735
Ordinary	Sale	654	1.8735
Ordinary	Sale	66	1.880454545
Ordinary	Sale	2,299	1.876
Ordinary	Sale	56,755	1.881
Ordinary	Sale	5,752	1.881
Ordinary	Sale	2,298	1.876
Ordinary	Sale	2,298	1.8765
Ordinary	Sale	2,734	1.8785
Ordinary	Sale	6,034	1.878
Ordinary	Sale	662	1.8785
Ordinary	Sale	3,917	1.878
Ordinary	Sale	2,197	1.8785
Ordinary	Sale	2,294	1.876
Ordinary	Sale	3,179	1.875
Ordinary	Sale	739	1.877
Ordinary	Sale	533	1.877
Ordinary	Sale	5,678	1.8745
Ordinary	Sale	2,451	1.879
Ordinary	Sale	1,780	1.875
Ordinary	Sale	1,368	1.875
Ordinary	Sale	2,008	1.875
Ordinary	Sale	2,009	1.875
Ordinary	Sale	874	1.875
Ordinary	Sale	1,957	1.875
Ordinary	Sale	4,888	1.879
Ordinary	Sale	2,297	1.8735
Ordinary	Sale	1,250	1.8745
Ordinary	Sale	2,295	1.876
Ordinary	Sale	4,825	1.882
Ordinary	Sale	213	1.882
Ordinary	Sale	785	1.882
Ordinary	Sale	1,308	1.882
Ordinary	Sale	1,219	1.882
Ordinary	Sale	3,458	1.8805
Ordinary	Sale	4,280	1.874
Ordinary	Sale	3,204	1.8765
Ordinary	Sale	2,543	1.8765
Ordinary	Sale	4,591	1.8745
Ordinary	Sale	3,297	1.8745
Ordinary	Sale	3,040	1.88175
Ordinary	Sale	1,427	1.8815
Ordinary	Sale	9,585	1.877
Ordinary	Sale	1,941	1.879
Ordinary	Sale	1,850	1.879
Ordinary	Sale	1,749	1.879
Ordinary	Sale	1,191	1.8835
Ordinary	Sale	74	1.8805
Ordinary	Sale	122	1.875
Ordinary	Sale	577	1.875
Ordinary	Sale	2,278	1.875
Ordinary	Sale	1,089	1.875
Ordinary	Sale	217	1.875
Ordinary	Sale	271	1.874
Ordinary	Sale	551	1.874
Ordinary	Sale	596	1.874
Ordinary	Sale	282	1.874
Ordinary	Sale	549	1.874
Ordinary	Sale	672	1.874
Ordinary	Sale	428	1.874
Ordinary	Sale	222	1.874
Ordinary	Sale	647	1.8735
Ordinary	Sale	2,465	1.873
Ordinary	Sale	2,481	1.873
Ordinary	Sale	743	1.873
Ordinary	Sale	812	1.873
Ordinary	Sale	666	1.8725
Ordinary	Sale	1,589	1.8725
Ordinary	Sale	53	1.878
Ordinary	Sale	674	1.877
Ordinary	Sale	1,267	1.878
Ordinary	Sale	96	1.883
Ordinary	Sale	109	1.878
Ordinary	Sale	13,109	1.881
Ordinary	Sale	11,712	1.881
Ordinary	Sale	48,188	1.881
Ordinary	Sale	14,888	1.875775
Ordinary	Sale	11,050	1.876275
Ordinary	Sale	400,000	1.876515
Ordinary	Sale	1	1.9015
Ordinary	Sale	1,076,252	1.895233
	Total Purchases	1,512,600
	Total Sales	1,778,441

(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	14,888	1.875775
Ordinary	CFD	Increasing a long position	11,050	1.876275
Ordinary	CFD	Increasing a long position	400,000	1.876515

(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:	06/03/2017
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	1,253,000	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

RETEAEDKEFFXEFF

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