Amendment to section 2(a) & (b)
FORM 8.5 (EPT/RI)
PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH
RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the 'Code')
1. KEY INFORMATION
(a) Name of exempt principal trader: | Citigroup Global Markets Limited |
(b) Name of offeror/offeree in relation to whose | Tesco Plc |
(c) Name of the party to the offer with which exempt | Tesco Plc |
(d) Date dealing undertaken: | 23 January 2018 |
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? |
YES |
2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(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 | Purchases/ sales | Total number of securities |
Highest price per unit paid/received |
Lowest price per unit paid/received |
5p ordinary | Purchase | 2,517,113 | 2.1038 | 2.0700 |
5p ordinary | Sale | 4,865,296 | 2.1034 | 2.0710 |
(b) Cash-settled derivative transactions
Class of relevant security | Product description |
Nature of dealing | Number of reference securities |
Price per unit |
5p ordinary | TRS | Reducing Long Position | 7,962 | 2.0816 |
5p ordinary | TRS | Increasing Long Position | 386,141 | 2.0964 |
5p ordinary | TRS | Reducing Short Position | 2,011 | 2.0889 |
5p ordinary | TRS | Reducing Long Position | 2,628 | 2.0759 |
5p ordinary | TRS | Closing Long Position | 79 | 2.0720 |
5p ordinary | TRS | Closing Long Position | 1,690 | 2.0710 |
5p ordinary | TRS | Reducing Short Position | 385 | 2.0773 |
5p ordinary | TRS | Reducing Short Position | 125,238 | 2.0860 |
5p ordinary | TRS | Increasing Long Position | 4,126 | 2.0973 |
5p ordinary | TRS | Closing Long Position | 4,235 | 2.0726 |
5p ordinary | TRS | Closing Long Position | 5,203 | 2.0729 |
5p ordinary | TRS | Reducing Long Position | 386 | 2.0797 |
5p ordinary | TRS | Reducing Short Position | 92,874 | 2.0973 |
5p ordinary | TRS | Increasing Long Position | 66,480 | 2.1020 |
5p ordinary | TRS | Reducing Long Position | 1,643 | 2.0734 |
5p ordinary | TRS | Reducing Short Position | 3,124 | 2.1014 |
5p ordinary | TRS | Reducing Short Position | 1,399 | 2.0889 |
5p ordinary | TRS | Reducing Short Position | 90,143 | 2.0885 |
5p ordinary | TRS | Reducing Long Position | 1,586 | 2.0960 |
5p ordinary | TRS | Reducing Short Position | 5,903 | 2.0960 |
5p ordinary | TRS | Increasing Long Position | 659,371 | 2.0988 |
5p ordinary | TRS | Reducing Short Position | 296 | 2.0858 |
5p ordinary | TRS | Reducing Short Position | 6,604 | 2.0839 |
5p ordinary | TRS | Opening Short Position | 355,706 | 2.0960 |
5p ordinary | TRS | Reducing Short Position | 27,484 | 2.0710 |
5p ordinary | TRS | Increasing Long Position | 14,396 | 2.0959 |
5p ordinary | TRS | Reducing Short Position | 18,328 | 2.0803 |
5p ordinary | TRS | Increasing Long Position | 442,066 | 2.0985 |
5p ordinary | TRS | Reducing Short Position | 51,292 | 2.0877 |
5p ordinary | TRS | Reducing Short Position | 768 | 2.1014 |
5p ordinary | TRS | Reducing Short Position | 33 | 2.0858 |
5p ordinary | TRS | Reducing Short Position | 5,699 | 2.0889 |
5p ordinary | TRS | Reducing Short Position | 59,770 | 2.0788 |
5p ordinary | TRS | Reducing Short Position | 67,154 | 2.0872 |
5p ordinary | TRS | Reducing Long Position | 1,447 | 2.0700 |
5p ordinary | TRS | Reducing Short Position | 80 | 2.0858 |
5p ordinary | TRS | Reducing Short Position | 163,518 | 2.0945 |
5p ordinary | TRS | Reducing Short Position | 16,500 | 2.0872 |
5p ordinary | TRS | Reducing Short Position | 26,953 | 2.0778 |
5p ordinary | TRS | Increasing Long Position | 4,104 | 2.0939 |
5p ordinary | TRS | Opening Short Position | 44,294 | 2.0918 |
5p ordinary | TRS | Reducing Short Position | 8,878 | 2.0849 |
5p ordinary | TRS | Reducing Long Position | 842 | 2.0752 |
5p ordinary | TRS | Reducing Long Position | 836 | 2.0707 |
5p ordinary | TRS | Closing Long Position | 453 | 2.0740 |
5p ordinary | TRS | Reducing Long Position | 8,580 | 2.0791 |
5p ordinary | TRS | Increasing Long Position | 25,664 | 2.0989 |
5p ordinary | TRS | Closing Short Position | 400,000 | 2.0977 |
5p ordinary | TRS | Increasing Long Position | 8,971 | 2.0993 |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant security | Product description |
Writing, purchasing, |
Number of securities to | Exercise price per unit | Type | Expiry date | Option money paid/ received per unit |
(ii) Exercise
Class of relevant security | Product description | Exercising/ exercised against |
Number of | Exercise price per unit |
(d) Other dealings (including subscribing for new securities)
Class of relevant security | Nature of dealing | Details |
Price per unit |
3. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, 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 If there are no such agreements, arrangements or understandings, state 'none' |
None |
Date of disclosure: | 25 January 2018 |
Contact name: | Craig Watson |
Telephone number: | 028 90409605 |
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 monitoring@disclosure.org.uk.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
Tesco plc published this content on 25 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 25 January 2018 10:19:11 UTC.
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