09/02/2018 14:32:46

Man Group PLC : Form 8.3 - [Tesco plc]

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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:

Man Group Plc

(b) Owner or controller of interests and short positions disclosed, if different from 1(a):

                                                                    

N/A

(c) Name of offeror/offeree in relation to whose relevant securities this form relates:

                                                                    

Tesco plc

(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:

N/A

(e) Date position held/dealing undertaken:

                                                                    

08th February 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?

    

YES / NO / N/A

If YES, specify which:

 

2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(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:

 

5p ordinary

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

26,926,521

0.3287

0

0.0000

(2) Cash-settled derivatives:

44,386,555

0.5418

4,437,303

0.0542

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

17,200,000

0.2100

0

0.0000

 

     TOTAL:

88,513,076

1.0805

4,437,303

0.0542

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

(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)

5p ordinary CFD Increasing a long position             719 2.0164
5p ordinary CFD Reducing a short position             774 2.0280
5p ordinary CFD Reducing a short position        42,686 2.0280
5p ordinary CFD Increasing a short position             227 2.0313
5p ordinary CFD Increasing a short position             190 2.0313
5p ordinary CFD Increasing a short position          3,570 2.0305
5p ordinary CFD Reducing a short position        29,974 2.0292
5p ordinary CFD Reducing a long position        11,649 2.0235
5p ordinary CFD Increasing a short position          1,416 2.0313
5p ordinary CFD Reducing a long position        10,087 2.0275
5p ordinary CFD Reducing a long position        10,346 2.0360
5p ordinary CFD Reducing a long position          1,758 2.0279
5p ordinary CFD Reducing a long position             915 2.0128
5p ordinary CFD Increasing a short position        10,088 2.0320
5p ordinary CFD Increasing a short position          7,736 2.0380
5p ordinary CFD Increasing a short position          1,017 2.0281
5p ordinary CFD Opening a long position        19,600 2.0279
5p ordinary CFD Opening a long position          4,700 2.0279
5p ordinary CFD Reducing a long position        42,471 2.0275
5p ordinary CFD Reducing a long position        42,590 2.0360
5p ordinary CFD Reducing a long position          7,240 2.0279
5p ordinary CFD Reducing a long position          3,768 2.0128
5p ordinary CFD Increasing a short position        41,699 2.0320
5p ordinary CFD Increasing a short position        31,891 2.0380
5p ordinary CFD Increasing a short position          4,170 2.0281
5p ordinary CFD Reducing a long position        52,668 2.0275
5p ordinary CFD Reducing a long position        54,240 2.0360
5p ordinary CFD Reducing a long position          9,220 2.0279
5p ordinary CFD Reducing a long position          4,800 2.0128
5p ordinary CFD Increasing a short position        52,584 2.0320
5p ordinary CFD Increasing a short position        40,461 2.0380
5p ordinary CFD Increasing a short position          5,364 2.0281
5p ordinary CFD Reducing a long position          6,689 2.0275
5p ordinary CFD Reducing a long position          6,887 2.0360
5p ordinary CFD Reducing a long position          1,170 2.0279
5p ordinary CFD Reducing a long position             609 2.0128
5p ordinary CFD Increasing a short position          6,667 2.0320
5p ordinary CFD Increasing a short position          5,136 2.0380
5p ordinary CFD Increasing a short position             682 2.0281
5p ordinary CFD Reducing a long position             874 2.0275
5p ordinary CFD Reducing a long position          2,690 2.0360
5p ordinary CFD Reducing a long position             457 2.0279
5p ordinary CFD Reducing a long position             237 2.0128
5p ordinary CFD Increasing a short position          2,723 2.0320
5p ordinary CFD Increasing a short position          2,048 2.0380
5p ordinary CFD Increasing a short position             234 2.0281
5p ordinary CFD Increasing a long position       449,444 2.0281
5p ordinary CFD Reducing a long position        16,655 2.0360
5p ordinary CFD Reducing a long position          2,830 2.0279
5p ordinary CFD Reducing a long position          1,473 2.0128
5p ordinary CFD Increasing a short position        16,153 2.0320
5p ordinary CFD Increasing a short position        12,728 2.0380
5p ordinary CFD Increasing a long position        13,800 2.0279
5p ordinary CFD Reducing a long position          3,314 2.0275

(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

5p Ordinary Call Option Purchasing 32,000 205 American 16/03/2018 0.0375
5p Ordinary Call Option Purchasing 41,000 205 American 16/03/2018 0.0375
5p Ordinary Call Option Purchasing 5,000 205 American 16/03/2018 0.0375
5p Ordinary Call Option Purchasing 8,000 205 American 16/03/2018 0.0375
5p Ordinary Call Option Purchasing 12,000 205 American 16/03/2018 0.0375
5p Ordinary Call Option Purchasing 2,000 205 American 16/03/2018 0.0375

(ii)        Exercise

Class of relevant security

Product description

e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

 

 

 

 

 

 

(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

 

(c)        Attachments

Is a Supplemental Form 8 (Open Positions) attached?

YES/NO

Date of disclosure:

09th February 2018

Contact name:

Matthew Irwin

 

Telephone number:

02071447255

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 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:

Man Group Plc

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

e.g. American, European etc.

Expiry date

5p ordinary Call Option Purchased 3,184,000 210 American 20/07/2018
5p ordinary Call Option Purchased 4,045,000 210 American 20/07/2018
5p ordinary Call Option Purchased 513,000 210 American 20/07/2018
5p ordinary Call Option Purchased 773,000 210 American 20/07/2018
5p ordinary Call Option Purchased 1,282,000 210 American 20/07/2018
5p ordinary Call Option Purchased 203,000 210 American 20/07/2018
5p ordinary Call Option Purchased          1,335,000 205 American 16/03/2018
5p ordinary Call Option Purchased              484,000 205 American 16/03/2018
5p ordinary Call Option Purchased              946,000 205 American 16/03/2018
5p ordinary Call Option Purchased              701,000 205 American 16/03/2018
5p ordinary Call Option Purchased          1,204,000 205 American 16/03/2018
5p ordinary Call Option Purchased              892,000 205 American 16/03/2018
5p ordinary Call Option Purchased              153,000 205 American 16/03/2018
5p ordinary Call Option Purchased              113,000 205 American 16/03/2018
5p ordinary Call Option Purchased              230,000 205 American 16/03/2018
5p ordinary Call Option Purchased              169,000 205 American 16/03/2018
5p ordinary Call Option Purchased              379,000 205 American 16/03/2018
5p ordinary Call Option Purchased              280,000 205 American 16/03/2018
5p ordinary Call Option Purchased              208,000 205 American 16/03/2018
5p ordinary Call Option Purchased                61,000 205 American 16/03/2018
5p ordinary Call Option Purchased                45,000 205 American 16/03/2018

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.


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Man Group PLC via Globenewswire