Tesco PLC — Major Shareholding Notification 2016

Feb 22, 2016

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RNS Number : 7759P

Tesco PLC

22 February 2016

On 19 February 2016, Tesco PLC received the following notification from Deutsche Bank AG of its interests in the Company as of 17 February 2016:

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii			Tesco Plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights				x
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached				x
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments				x
An event changing the breakdown of voting rights
Other (please specify):	Change in denominator
3. Full name of person(s) subject to the notification obligation: iii		Deutsche Bank AG
4. Full name of shareholder(s) (if different from 3.):iv		Deutsche Bank AG, London Branch
5. Date of the transaction and date on which the threshold is crossed or reached: v		17/02/2016
6. Date on which issuer notified:		19/02/2016
7. Threshold(s) that is/are crossed or reached: vi, vii		Above 5%

8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction						Resulting situation after the triggering transaction
Number of Shares			Number of Voting Rights			Number of shares		Number of voting rights			% of  voting rights x
Direct		Direct xi		Indirect xii	Direct			Indirect
GB0008847096	Below notifiable threshold			Below notifiable threshold			229,808,650		229,808,650		0	2.82%			0
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument			Expiration date xiii			Exercise/ Conversion Period xiv				Number of voting rights that may be acquired if the instrument is exercised/ converted.				% of voting rights
Right to Recall Call Options			17-Jun-16							1,224,808 4,000,000				0.02% 0.05%
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial instrument		Exercise price			Expiration date xvii		Exercise/ Conversion period xviii		Number of voting rights instrument refers to				% of voting rights xix, xx
Swaps Call Options Put Options					24-Jul-17 19-May-16 15-Jul-16				172,425,514 16,098,008 6,656,428				Nominal			Delta
2.12% 0.20% 0.08%			2.12% 0.20% 0.08%
Total (A+B+C)
Number of voting rights								Percentage of voting rights
430,213,408								5.28%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Deutsche Bank AG, London Branch - 5.28%
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:
14. Contact name:	Stacy Otieno
15. Contact telephone number:	02075476268

This information is provided by RNS

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