Tesco PLC — Director's Dealing 2018

Mar 1, 2018

National Storage Mechanism | Additional information

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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:	28th 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: Booker Group PLC

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:	27,156,621	0.3315	0	0.0000
(2) Cash-settled derivatives:	31,954,321	0.3901	5,688,222	0.0694
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	46,741,000	0.5706	2,000,000	0.0244
TOTAL:	103,500,386	1.2634	5,249,774	0.0641

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	3,562	2.1080
5p ordinary	CFD	Increasing a long position	24,847	2.1212
5p ordinary	CFD	Reducing a short position	136,986	2.1136
5p ordinary	CFD	Increasing a long position	340,829	2.1422
5p ordinary	CFD	Increasing a long position	176,488	2.1479
5p ordinary	CFD	Increasing a long position	70,595	2.1470
5p ordinary	CFD	Increasing a long position	118,041	2.1461
5p ordinary	CFD	Increasing a long position	56,200	2.1479
5p ordinary	CFD	Increasing a long position	22,480	2.1470
5p ordinary	CFD	Increasing a long position	108,528	2.1422
5p ordinary	CFD	Increasing a long position	37,588	2.1461
5p ordinary	CFD	Increasing a short position	63,788	2.1084
5p ordinary	CFD	Increasing a short position	63,803	2.1462
5p ordinary	CFD	Increasing a short position	63,802	2.1323
5p ordinary	CFD	Increasing a long position	72,646	2.1461
5p ordinary	CFD	Increasing a long position	209,749	2.1422
5p ordinary	CFD	Increasing a long position	43,446	2.1470
5p ordinary	CFD	Increasing a long position	108,615	2.1479
5p ordinary	CFD	Opening a short position	34,386	2.1418
5p ordinary	CFD	Opening a short position	27,384	2.1328
5p ordinary	CFD	Opening a short position	12,230	2.1311
5p ordinary	CFD	Opening a short position	17,725	2.1251
5p ordinary	CFD	Opening a short position	76,982	2.1378
5p ordinary	CFD	Opening a short position	226,807	2.1366
5p ordinary	CFD	Opening a short position	234,218	2.1450
5p ordinary	CFD	Reducing a long position	38,153	2.1092
5p ordinary	CFD	Opening a short position	91,899	2.1378
5p ordinary	CFD	Opening a short position	279,602	2.1450
5p ordinary	CFD	Opening a short position	270,757	2.1366
5p ordinary	CFD	Reducing a long position	47,294	2.1092
5p ordinary	CFD	Opening a short position	14,599	2.1311
5p ordinary	CFD	Opening a short position	41,050	2.1418
5p ordinary	CFD	Opening a short position	32,692	2.1328
5p ordinary	CFD	Opening a short position	21,159	2.1251
5p ordinary	CFD	Increasing a long position	129,879	2.1479
5p ordinary	CFD	Increasing a long position	51,952	2.1470
5p ordinary	CFD	Increasing a short position	80,820	2.1084
5p ordinary	CFD	Increasing a short position	80,824	2.1462
5p ordinary	CFD	Increasing a short position	80,824	2.1323
5p ordinary	CFD	Increasing a long position	86,869	2.1461
5p ordinary	CFD	Increasing a long position	250,815	2.1422
5p ordinary	CFD	Increasing a long position	11,719	2.1461
5p ordinary	CFD	Increasing a long position	7,009	2.1470
5p ordinary	CFD	Increasing a short position	10,250	2.1084
5p ordinary	CFD	Increasing a short position	10,258	2.1462
5p ordinary	CFD	Increasing a short position	10,258	2.1323
5p ordinary	CFD	Increasing a long position	33,841	2.1422
5p ordinary	CFD	Increasing a long position	17,523	2.1479
5p ordinary	CFD	Opening a short position	36,536	2.1366
5p ordinary	CFD	Opening a short position	12,401	2.1378
5p ordinary	CFD	Reducing a long position	6,293	2.1092
5p ordinary	CFD	Opening a short position	1,969	2.1311
5p ordinary	CFD	Opening a short position	4,411	2.1328
5p ordinary	CFD	Opening a short position	5,539	2.1418
5p ordinary	CFD	Opening a short position	2,856	2.1251
5p ordinary	CFD	Opening a short position	37,731	2.1450
5p ordinary	CFD	Increasing a short position	15,467	2.1462
5p ordinary	CFD	Increasing a short position	15,467	2.1323
5p ordinary	CFD	Increasing a short position	15,461	2.1084
5p ordinary	CFD	Increasing a long position	50,916	2.1422
5p ordinary	CFD	Increasing a long position	26,364	2.1479
5p ordinary	CFD	Increasing a long position	10,546	2.1470
5p ordinary	CFD	Increasing a long position	17,633	2.1461
5p ordinary	CFD	Opening a short position	18,665	2.1378
5p ordinary	CFD	Opening a short position	2,964	2.1311
5p ordinary	CFD	Opening a short position	6,639	2.1328
5p ordinary	CFD	Opening a short position	8,337	2.1418
5p ordinary	CFD	Reducing a long position	9,587	2.1092
5p ordinary	CFD	Opening a short position	4,299	2.1251
5p ordinary	CFD	Opening a short position	54,992	2.1366
5p ordinary	CFD	Opening a short position	56,789	2.1450
5p ordinary	CFD	Increasing a short position	25,289	2.1084
5p ordinary	CFD	Increasing a short position	25,495	2.1323
5p ordinary	CFD	Increasing a short position	25,495	2.1462
5p ordinary	CFD	Increasing a long position	98,910	2.1422
5p ordinary	CFD	Increasing a long position	51,217	2.1479
5p ordinary	CFD	Increasing a long position	20,487	2.1470
5p ordinary	CFD	Increasing a long position	34,255	2.1461
5p ordinary	CFD	Reducing a long position	50,994	2.1092
5p ordinary	CFD	Opening a short position	36,544	2.1378
5p ordinary	CFD	Opening a short position	111,185	2.1450
5p ordinary	CFD	Opening a short position	8,415	2.1251
5p ordinary	CFD	Opening a short position	5,805	2.1311
5p ordinary	CFD	Opening a short position	12,999	2.1328
5p ordinary	CFD	Opening a short position	16,323	2.1418
5p ordinary	CFD	Opening a short position	107,666	2.1366
5p ordinary	CFD	Reducing a long position	758	2.1092
5p ordinary	CFD	Opening a short position	14,723	2.1366
5p ordinary	CFD	Opening a short position	4,998	2.1378
5p ordinary	CFD	Opening a short position	15,205	2.1450
5p ordinary	CFD	Opening a short position	1,151	2.1251
5p ordinary	CFD	Opening a short position	793	2.1311
5p ordinary	CFD	Opening a short position	2,232	2.1418
5p ordinary	CFD	Opening a short position	1,777	2.1328
5p ordinary	CFD	Increasing a long position	24,616	2.1479
5p ordinary	CFD	Increasing a long position	7,155	2.1479
5p ordinary	CFD	Increasing a long position	2,862	2.1470
5p ordinary	CFD	Increasing a long position	13,818	2.1422
5p ordinary	CFD	Increasing a long position	4,785	2.1461
5p ordinary	CFD	Increasing a long position	16,464	2.1461
5p ordinary	CFD	Increasing a long position	47,540	2.1422
5p ordinary	CFD	Increasing a long position	9,846	2.1470
5p ordinary	CFD	Increasing a short position	4,154	2.1323
5p ordinary	CFD	Increasing a short position	4,153	2.1462
5p ordinary	CFD	Increasing a short position	4,392	2.1084
5p ordinary	CFD	Reducing a long position	8,700	2.1084
5p ordinary	CFD	Reducing a long position	1,300	2.1084
5p ordinary	CFD	Reducing a long position	6,000	2.1084

(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	17,000	210	American	16/03/2018	0.0600
5p ordinary	Call option	Purchasing	32,000	210	American	16/03/2018	0.0375
5p ordinary	Call option	Purchasing	20,000	210	American	16/03/2018	0.0600
5p ordinary	Call option	Purchasing	39,000	210	American	16/03/2018	0.0375
5p ordinary	Call option	Purchasing	2,000	210	American	16/03/2018	0.0600
5p ordinary	Call option	Purchasing	5,000	210	American	16/03/2018	0.0375
5p ordinary	Call option	Purchasing	3,000	210	American	16/03/2018	0.0600
5p ordinary	Call option	Purchasing	7,000	210	American	16/03/2018	0.0375
5p ordinary	Call option	Purchasing	15,000	210	American	16/03/2018	0.0375
5p ordinary	Call option	Purchasing	7,000	210	American	16/03/2018	0.0600
5p ordinary	Call option	Purchasing	1,000	210	American	16/03/2018	0.0600
5p ordinary	Call option	Purchasing	2,000	210	American	16/03/2018	0.0375
5p ordinary	Call option	Selling	16,000	210	American	20/07/2018	0.13000
5p ordinary	Call option	Selling	21,000	210	American	20/07/2018	0.13000
5p ordinary	Call option	Selling	2,000	210	American	20/07/2018	0.13000
5p ordinary	Call option	Selling	3,000	210	American	20/07/2018	0.13000
5p ordinary	Call option	Selling	8,000	210	American	20/07/2018	0.13000

(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:	1st March 2018
###### Contact name:	James Carr
###### Telephone number:	02071447242

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	2,356,000	210	American	18/05/2018
5p ordinary	Call option	Purchased	2,927,000	210	American	18/05/2018
5p ordinary	Call option	Purchased	380,000	210	American	18/05/2018
5p ordinary	Call option	Purchased	1,754,000	210	American	18/05/2018
5p ordinary	Call option	Purchased	571,000	210	American	18/05/2018
5p ordinary	Call option	Purchased	1,115,000	210	American	18/05/2018
5p ordinary	Call option	Purchased	151,000	210	American	18/05/2018
5p ordinary	Put option	Purchased	318,000	200	American	16/03/2018
5p ordinary	Put option	Purchased	379,000	200	American	16/03/2018
5p ordinary	Put option	Purchased	52,000	200	American	16/03/2018
5p ordinary	Put option	Purchased	78,000	200	American	16/03/2018
5p ordinary	Put option	Purchased	152,000	200	American	16/03/2018
5p ordinary	Put option	Purchased	21,000	200	American	16/03/2018
5p ordinary	Call option	Purchased	2,046,000	210	American	16/03/2018
5p ordinary	Call option	Purchased	655,000	210	American	16/03/2018
5p ordinary	Call option	Purchased	1,281,000	210	American	16/03/2018
5p ordinary	Call option	Purchased	1,325,000	210	American	16/03/2018
5p ordinary	Call option	Purchased	1,072,000	210	American	16/03/2018
5p ordinary	Call option	Purchased	17,000	210	American	16/03/2018
5p ordinary	Call option	Written	-           318,000	210	American	16/03/2018
5p ordinary	Call option	Purchased	1,531,000	210	American	16/03/2018
5p ordinary	Call option	Purchased	1,582,000	210	American	16/03/2018
5p ordinary	Call option	Purchased	1,281,000	210	American	16/03/2018
5p ordinary	Call option	Purchased	21,000	210	American	16/03/2018
5p ordinary	Call option	Written	-           379,000	210	American	16/03/2018
5p ordinary	Call option	Purchased	207,000	210	American	16/03/2018
5p ordinary	Call option	Purchased	213,000	210	American	16/03/2018
5p ordinary	Call option	Purchased	173,000	210	American	16/03/2018
5p ordinary	Call option	Purchased	2,000	210	American	16/03/2018
5p ordinary	Call option	Written	-             52,000	210	American	16/03/2018
5p ordinary	Call option	Purchased	639,000	210	American	16/03/2018
5p ordinary	Call option	Purchased	311,000	210	American	16/03/2018
5p ordinary	Call option	Purchased	319,000	210	American	16/03/2018
5p ordinary	Call option	Purchased	260,000	210	American	16/03/2018
5p ordinary	Call option	Purchased	3,000	210	American	16/03/2018
5p ordinary	Call option	Written	-             78,000	210	American	16/03/2018
5p ordinary	Call option	Purchased	600,000	210	American	16/03/2018
5p ordinary	Call option	Purchased	626,000	210	American	16/03/2018
5p ordinary	Call option	Purchased	506,000	210	American	16/03/2018
5p ordinary	Call option	Purchased	6,000	210	American	16/03/2018
5p ordinary	Call option	Written	-           152,000	210	American	16/03/2018
5p ordinary	Call option	Purchased	286,000	210	American	16/03/2018
5p ordinary	Call option	Purchased	83,000	210	American	16/03/2018
5p ordinary	Call option	Purchased	85,000	210	American	16/03/2018
5p ordinary	Call option	Purchased	69,000	210	American	16/03/2018
5p ordinary	Call option	Purchased	1,000	210	American	16/03/2018
5p ordinary	Call option	Written	-             21,000	210	American	16/03/2018
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	750,000	205	American	16/03/2018
5p ordinary	Call option	Purchased	1,133,000	205	American	16/03/2018
5p ordinary	Call option	Purchased	951,000	205	American	16/03/2018
5p ordinary	Call option	Purchased	153,000	205	American	16/03/2018
5p ordinary	Call option	Purchased	118,000	205	American	16/03/2018
5p ordinary	Call option	Purchased	230,000	205	American	16/03/2018
5p ordinary	Call option	Purchased	179,000	205	American	16/03/2018
5p ordinary	Call option	Purchased	448,000	205	American	16/03/2018
5p ordinary	Call option	Purchased	296,000	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	46,000	205	American	16/03/2018
5p ordinary	Call option	Purchased	3,168,000	210	American	20/07/2018
5p ordinary	Call option	Purchased	3,786,000	210	American	20/07/2018
5p ordinary	Call option	Purchased	511,000	210	American	20/07/2018
5p ordinary	Call option	Purchased	770,000	210	American	20/07/2018
5p ordinary	Call option	Purchased	1,511,000	210	American	20/07/2018
5p ordinary	Call option	Purchased	203,000	210	American	20/07/2018
5p ordinary	Call option	Purchased	1,452,000	210	American	20/04/2018
5p ordinary	Call option	Purchased	468,000	210	American	20/04/2018
5p ordinary	Call option	Purchased	920,000	210	American	20/04/2018
5p ordinary	Call option	Purchased	1,099,000	210	American	20/04/2018
5p ordinary	Call option	Purchased	148,000	210	American	20/04/2018
5p ordinary	Call option	Purchased	223,000	210	American	20/04/2018
5p ordinary	Call option	Purchased	431,000	210	American	20/04/2018
5p ordinary	Call option	Purchased	201,000	210	American	20/04/2018
5p ordinary	Call option	Purchased	58,000	210	American	20/04/2018

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*