Form 8.3 - TESCO Plc

                        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	21/02/2018
(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: 7,741,277 Shares Interests and 25,139,708                                                                               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:	7,742,777	0.09	25,139,708	0.31
(2) Cash-settled derivatives:	19,854,836	0.24	1,455,000	0.02
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	15,085,000	0.18	3,443,000	0.04
TOTAL:	42,682,613	0.52	30,037,708	0.37

 

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	1,766	2.057
Ordinary	Purchase	1,858	2.075
Ordinary	Purchase	508	2.057
Ordinary	Purchase	58	2.075
Ordinary	Purchase	200	2.075
Ordinary	Purchase	923	2.075
Ordinary	Purchase	651	2.075
Ordinary	Purchase	100	2.075
Ordinary	Purchase	124	2.075
Ordinary	Purchase	806	2.075
Ordinary	Purchase	547	2.075
Ordinary	Purchase	199	2.075
Ordinary	Purchase	5,095	2.074
Ordinary	Purchase	1,755	2.074
Ordinary	Purchase	1,552	2.057
Ordinary	Purchase	1,755	2.074
Ordinary	Purchase	381	2.074
Ordinary	Purchase	1,848	2.077
Ordinary	Purchase	2,479	2.057
Ordinary	Purchase	2,987	2.057
Ordinary	Purchase	1,750	2.057
Ordinary	Purchase	912	2.078
Ordinary	Purchase	1,036	2.06
Ordinary	Purchase	4,088	2.06
Ordinary	Purchase	2,988	2.075
Ordinary	Purchase	480	2.075
Ordinary	Purchase	682	2.075
Ordinary	Purchase	1,138	2.077
Ordinary	Purchase	1,797	2.074
Ordinary	Purchase	1,750	2.06
Ordinary	Purchase	3,375	2.078
Ordinary	Purchase	1,750	2.058
Ordinary	Purchase	1,540	2.058
Ordinary	Purchase	267	2.078
Ordinary	Purchase	7,701	2.073
Ordinary	Purchase	2,860	2.077
Ordinary	Purchase	2,301	2.078
Ordinary	Purchase	2,126	2.078
Ordinary	Purchase	2,957	2.077
Ordinary	Purchase	2,625	2.076
Ordinary	Purchase	1,544	2.075
Ordinary	Purchase	2,047	2.075
Ordinary	Purchase	4,880	2.075
Ordinary	Purchase	1,936	2.075
Ordinary	Purchase	1,443	2.075
Ordinary	Purchase	514	2.075
Ordinary	Purchase	3,690	2.075
Ordinary	Purchase	60	2.075
Ordinary	Purchase	4,980	2.076
Ordinary	Purchase	1,241	2.076
Ordinary	Purchase	324	2.076
Ordinary	Purchase	2,752	2.079
Ordinary	Purchase	8,940	2.077
Ordinary	Purchase	7,314	2.077
Ordinary	Purchase	1,772	2.079
Ordinary	Purchase	1,963	2.077
Ordinary	Purchase	953	2.079
Ordinary	Purchase	763	2.079
Ordinary	Purchase	861	2.079
Ordinary	Purchase	5,278	2.079
Ordinary	Purchase	1,842	2.079
Ordinary	Purchase	662	2.079
Ordinary	Purchase	375	2.079
Ordinary	Purchase	2,126	2.075
Ordinary	Purchase	2,000	2.074
Ordinary	Purchase	575	2.079
Ordinary	Purchase	2,533	2.077
Ordinary	Purchase	399	2.077
Ordinary	Purchase	2,849	2.074
Ordinary	Purchase	3,789	2.061
Ordinary	Purchase	5,248	2.074
Ordinary	Purchase	4,001	2.074
Ordinary	Purchase	896	2.074
Ordinary	Purchase	468	2.073
Ordinary	Purchase	235	2.073
Ordinary	Purchase	3,248	2.074
Ordinary	Purchase	4,001	2.074
Ordinary	Purchase	2,125	2.08
Ordinary	Purchase	5,000	2.074
Ordinary	Purchase	729	2.074
Ordinary	Purchase	72	2.074
Ordinary	Purchase	861	2.074
Ordinary	Purchase	4,996	2.077
Ordinary	Purchase	217	2.076
Ordinary	Purchase	4,879	2.076
Ordinary	Purchase	661	2.075
Ordinary	Purchase	781	2.075
Ordinary	Purchase	493	2.075
Ordinary	Purchase	861	2.075
Ordinary	Purchase	861	2.075
Ordinary	Purchase	2,147	2.058
Ordinary	Purchase	103	2.079
Ordinary	Purchase	105	2.079
Ordinary	Purchase	2,999	2.076
Ordinary	Purchase	209	2.075
Ordinary	Purchase	2,625	2.075
Ordinary	Purchase	2,584	2.073
Ordinary	Purchase	2,138	2.057
Ordinary	Purchase	2,125	2.08
Ordinary	Purchase	2,124	2.08
Ordinary	Purchase	2,125	2.079
Ordinary	Purchase	6,023	2.056
Ordinary	Purchase	10,214	2.057
Ordinary	Purchase	10,584	2.058
Ordinary	Purchase	1,114	2.058
Ordinary	Purchase	2,758	2.058
Ordinary	Purchase	2,880	2.073
Ordinary	Purchase	4,001	2.058
Ordinary	Purchase	2,000	2.058
Ordinary	Purchase	2,150	2.058
Ordinary	Purchase	2,148	2.058
Ordinary	Purchase	139	2.078
Ordinary	Purchase	9,095	2.059
Ordinary	Purchase	1,987	2.078
Ordinary	Purchase	2,000	2.058
Ordinary	Purchase	2,327	2.058
Ordinary	Purchase	3,658	2.058
Ordinary	Purchase	2,384	2.058
Ordinary	Purchase	1,813	2.06
Ordinary	Purchase	473	2.06
Ordinary	Purchase	1,291	2.06
Ordinary	Purchase	2,367	2.06
Ordinary	Purchase	3,695	2.057
Ordinary	Purchase	3,554	2.073
Ordinary	Purchase	3,528	2.072
Ordinary	Purchase	3,575	2.071
Ordinary	Purchase	644,750	2.068
Ordinary	Sale	1	2.055
Ordinary	Sale	77	2.055
Ordinary	Sale	7,326	2.073
Ordinary	Sale	14,651	2.073
Ordinary	Sale	2,446	2.073
Ordinary	Sale	7,326	2.073
Ordinary	Sale	7,325	2.073
Ordinary	Sale	14,651	2.073
Ordinary	Sale	4,422	2.068
Ordinary	Sale	4,121	2.075
Ordinary	Sale	4,410	2.067
Ordinary	Sale	1,750	2.068
Ordinary	Sale	1,257	2.065
Ordinary	Sale	1,928	2.061
Ordinary	Sale	2,165	2.075
Ordinary	Sale	2,218	2.075
Ordinary	Sale	1,273	2.075
Ordinary	Sale	6,972	2.073
Ordinary	Sale	6,972	2.073
Ordinary	Sale	1,500	2.067
Ordinary	Sale	122	2.076
Ordinary	Sale	78	2.076
Ordinary	Sale	27,561	2.076
Ordinary	Sale	13,232	2.076
Ordinary	Sale	4,328	2.076
Ordinary	Sale	4,328	2.076
Ordinary	Sale	2,210	2.069
Ordinary	Sale	209	2.073
Ordinary	Sale	69	2.073
Ordinary	Sale	6,922	2.073
Ordinary	Sale	12,902	2.073
Ordinary	Sale	4,519	2.073
Ordinary	Sale	512	2.073
Ordinary	Sale	120	2.073
Ordinary	Sale	8,749	2.073
Ordinary	Sale	5,467	2.073
Ordinary	Sale	1,606	2.073
Ordinary	Sale	10,693	2.073
Ordinary	Sale	1,127	2.073
Ordinary	Sale	4,284	2.073
Ordinary	Sale	3,597	2.073
Ordinary	Sale	373	2.073
Ordinary	Sale	15,700	2.073
Ordinary	Sale	15,562	2.073
Ordinary	Sale	7,701	2.073
Ordinary	Sale	25,046	2.073
Ordinary	Sale	228	2.073
Ordinary	Sale	94	2.073
Ordinary	Sale	31,738	2.073
Ordinary	Sale	3,193	2.073
Ordinary	Sale	1,224	2.073
Ordinary	Sale	503	2.073
Ordinary	Sale	94,306	2.073
Ordinary	Sale	17,629	2.073
Ordinary	Sale	52,392	2.073
Ordinary	Sale	2,428	2.061
Ordinary	Sale	2,757	2.075
Ordinary	Sale	2,463	2.075
Ordinary	Sale	1,278	2.075
Ordinary	Sale	1,750	2.067
Ordinary	Sale	2,397	2.076
Ordinary	Sale	2,324	2.069
Ordinary	Sale	36	2.066
Ordinary	Sale	107,829	2.073
Ordinary	Sale	4,538	2.073
Ordinary	Sale	15	2.065
Ordinary	Sale	2,474	2.059
Ordinary	Sale	2,905	2.074
Ordinary	Sale	2,136	2.066
Ordinary	Sale	908	2.075
Ordinary	Sale	1,910	2.075
Ordinary	Sale	6,930	2.072
Ordinary	Sale	2,672	2.072
Ordinary	Sale	260	2.064
Ordinary	Sale	2,134	2.074
Ordinary	Sale	3,374	2.064
Ordinary	Sale	4,625	2.072
Ordinary	Sale	5,698	2.072
Ordinary	Sale	2,343	2.056
Ordinary	Sale	2,149	2.058
Ordinary	Sale	2,866	2.065
Ordinary	Sale	753	2.066
Ordinary	Sale	1,057	2.055
Ordinary	Sale	957	2.054
Ordinary	Sale	1,291	2.054
Ordinary	Sale	1,585	2.054
Ordinary	Sale	2,137	2.065
Ordinary	Sale	1,916	2.061
Ordinary	Sale	2,100	2.061
Ordinary	Sale	708	2.056
Ordinary	Sale	8,940	2.077
Ordinary	Sale	7,314	2.077
Ordinary	Sale	2,134	2.074
Ordinary	Sale	2,146	2.06
Ordinary	Sale	9,303	2.077
Ordinary	Sale	2,230	2.077
Ordinary	Sale	3,395	2.057
Ordinary	Sale	2,607	2.055
Ordinary	Sale	2,875	2.055
Ordinary	Sale	2,878	2.056
Ordinary	Sale	8,546	2.062
Ordinary	Sale	2,732	2.073
Ordinary	Sale	2,132	2.075
Ordinary	Sale	901	2.077
Ordinary	Sale	7,949	2.077
Ordinary	Sale	9,255	2.077
Ordinary	Sale	2,500	2.073
Ordinary	Sale	2,148	2.059
Ordinary	Sale	2,868	2.058
Ordinary	Sale	2,255	2.06
Ordinary	Sale	2,368	2.061
Ordinary	Sale	2,320	2.065
Ordinary	Sale	2,608	2.059
Ordinary	Sale	3,322	2.077
Ordinary	Sale	1,486	2.077
Ordinary	Sale	3,756	2.077
Ordinary	Sale	5,823	2.077
Ordinary	Sale	3,795	2.077
Ordinary	Sale	2,138	2.064
Ordinary	Sale	2,132	2.074
Ordinary	Sale	711	2.058
Ordinary	Sale	2,148	2.06
Ordinary	Sale	3,018	2.073
Ordinary	Sale	2,255	2.061
Ordinary	Sale	3,018	2.073
Ordinary	Sale	3,018	2.073
Ordinary	Sale	3,194	2.069
Ordinary	Sale	2,728	2.066
Ordinary	Sale	466	2.059
Ordinary	Sale	3,076	2.068
Ordinary	Sale	2,784	2.066
Ordinary	Sale	1,543	2.067
Ordinary	Sale	4,761	2.067
Ordinary	Sale	7,605	2.077
Ordinary	Sale	1,444	2.077
Ordinary	Sale	2,615	2.059
Ordinary	Sale	2,700	2.077
Ordinary	Sale	7,028	2.077
Ordinary	Sale	2,143	2.065
Ordinary	Sale	2,475	2.069
Ordinary	Sale	2,213	2.066
Ordinary	Sale	1,125	2.069
Ordinary	Sale	7,803	2.067
Ordinary	Sale	3,225	2.058
Ordinary	Sale	2,360	2.068
Ordinary	Sale	2,127	2.073
Ordinary	Sale	2,450	2.058
Ordinary	Sale	2,715	2.069
Ordinary	Sale	6,795	2.067
Ordinary	Sale	2,150	2.058
Ordinary	Sale	1,545	2.064
Ordinary	Sale	714	2.064
Ordinary	Sale	2,328	2.066
Ordinary	Sale	2,500	2.073
Ordinary	Sale	3,658	2.058
Ordinary	Sale	2,450	2.068
Ordinary	Sale	398	2.068
Ordinary	Sale	7,206	2.068
Ordinary	Sale	2,150	2.059
Ordinary	Sale	2,293	2.069
Ordinary	Sale	2,871	2.06
Ordinary	Sale	2,149	2.059
Ordinary	Sale	2,869	2.058
Ordinary	Sale	3,308	2.069
Ordinary	Sale	3,102	2.069
Ordinary	Sale	2,917	2.067
Ordinary	Sale	2,150	2.059
Ordinary	Sale	2,136	2.065
Ordinary	Sale	4,629	2.064
Ordinary	Sale	3,127	2.073
Ordinary	Sale	644,750	2.068
	Total Purchases	930,545
	Total Sales	1,560,617

                                                                                                                                          

(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

 

(c)        Stock-settled derivative transactions (including options)

 

(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"

 

(c)        Attachments

 

Is a Supplemental Form 8 (Open Positions) attached?

YES

 

 

Date of disclosure:	22/02/2018
Contact name:	Olivier Vero
Telephone number:	+44 20 7676 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	Type	Expiry date
				EUR	e.g. American, European etc.
Ordinary Shares	Listed Call Option	Sale	2,750,000	1.8	American options	21/12/2018
Ordinary Shares	Listed Put Option	Purchase	4,81,000	2.05	American options	15/06/2018
Ordinary Shares	Listed Put Option	Purchase	8,000	1.4	American options	15/06/2018
Ordinary Shares	Listed Put Option	Purchase	30,000	1.6	American options	15/06/2018
Ordinary Shares	Listed Put Option	Purchase	500,000	2.4	American options	21/12/2018
Ordinary Shares	Listed Put Option	Purchase	5,000	1.4	American options	16/03/2018
Ordinary Shares	Listed Put Option	Purchase	40,000	1.4	American options	21/12/2018
Ordinary Shares	Listed Put Option	Purchase	24,000	1.4	American options	21/09/2018
Ordinary Shares	Listed Put Option	Purchase	1,40,000	2	American options	21/09/2018
Ordinary Shares	Listed Put Option	Purchase	5,000	2	American options	15/06/2018
Ordinary Shares	Listed Put Option	Sale	2,250,000	1	American options	18/09/2020
Ordinary Shares	Listed Put Option	Sale	2,750,000	1.8	American options	21/12/2018
Ordinary Shares	Listed Put Option	Sale	4,000,000	1.6	American options	21/09/2018
Ordinary Shares	Listed Put Option	Sale	75,000	2.10	American options	21/12/2018
Ordinary Shares	Listed Put Option	Sale	400,000	2.05	American options	15/06/2018
Ordinary Shares	Listed Put Option	Sale	150,000	2	American options	21/09/2018
Ordinary Shares	OTC Put Option	Sale	6,000,000	1.6	American options	21/09/2018

 

 

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.