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Thursday, 15 February 2018

Man Group PLC : Form 8.3 - [Tesco plc]

Man Group PLC    

Published: 14:45 CET 15-02-2018 /GlobeNewswire /Source: Man Group PLC / : EMG /ISIN: GB00B83VD954

Man Group PLC : 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:

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:

                                                                    

14th 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:

27,042,021

 

0.3301

0

0.0000

(2) Cash-settled derivatives:

41,078,446

0.5014

4,430,073

0.0541

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

25,997,000

 

0.3173

0

0.0000

 

     TOTAL:

94,117,467

 

1.1489

4,430,073

 

0.0541

 

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

5p ordinary

Purchase

1,700

2.0220

 

(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 short position

               353

2.0288

5p ordinary

CFD

Increasing a short position

               590

2.0288

5p ordinary

CFD

Reducing a short position

            1,442

2.0271

5p ordinary

CFD

Reducing a short position

               547

2.0271

5p ordinary

CFD

Increasing a short position

               749

2.0288

5p ordinary

CFD

Increasing a short position

               297

2.0298

5p ordinary

CFD

Increasing a long position

            3,947

2.0309

5p ordinary

CFD

Reducing a long position

          25,835

2.0270

5p ordinary

CFD

Reducing a long position

          66,334

2.0270

5p ordinary

CFD

Reducing a long position

          37,299

2.0250

5p ordinary

CFD

Reducing a long position

            1,637

2.0278

5p ordinary

CFD

Reducing a long position

          43,166

2.0220

5p ordinary

CFD

Reducing a long position

          59,390

2.0200

5p ordinary

CFD

Reducing a long position

        939,526

2.0300

5p ordinary

CFD

Reducing a long position

          27,931

2.0284

5p ordinary

CFD

Reducing a long position

          34,965

2.0284

5p ordinary

CFD

Reducing a long position

      1,124,243

2.0300

5p ordinary

CFD

Reducing a long position

          75,385

2.0200

5p ordinary

CFD

Reducing a long position

          54,793

2.0220

5p ordinary

CFD

Reducing a long position

            2,078

2.0278

5p ordinary

CFD

Reducing a long position

          47,344

2.0250

5p ordinary

CFD

Reducing a long position

          84,198

2.0270

5p ordinary

CFD

Reducing a long position

          32,793

2.0270

5p ordinary

CFD

Increasing a long position

            5,010

2.0309

5p ordinary

CFD

Increasing a long position

               637

2.0309

5p ordinary

CFD

Reducing a long position

            4,166

2.0270

5p ordinary

CFD

Reducing a long position

          10,699

2.0270

5p ordinary

CFD

Reducing a long position

            6,015

2.0250

5p ordinary

CFD

Reducing a long position

               263

2.0278

5p ordinary

CFD

Reducing a long position

            6,960

2.0220

5p ordinary

CFD

Reducing a long position

            9,576

2.0200

5p ordinary

CFD

Reducing a long position

        151,677

2.0300

5p ordinary

CFD

Reducing a long position

            4,714

2.0284

5p ordinary

CFD

Reducing a long position

        564,390

2.0300

5p ordinary

CFD

Reducing a long position

        228,152

2.0300

5p ordinary

CFD

Reducing a long position

            6,935

2.0284

5p ordinary

CFD

Increasing a long position

               959

2.0309

5p ordinary

CFD

Reducing a long position

            9,050

2.0250

5p ordinary

CFD

Reducing a long position

            6,268

2.0270

5p ordinary

CFD

Reducing a long position

          16,098

2.0270

5p ordinary

CFD

Reducing a long position

               396

2.0278

5p ordinary

CFD

Reducing a long position

          10,473

2.0220

5p ordinary

CFD

Reducing a long position

          14,409

2.0200

5p ordinary

CFD

Reducing a long position

          23,715

2.0200

5p ordinary

CFD

Reducing a long position

          17,236

2.0220

5p ordinary

CFD

Reducing a long position

          26,491

2.0270

5p ordinary

CFD

Reducing a long position

               653

2.0278

5p ordinary

CFD

Reducing a long position

          10,316

2.0270

5p ordinary

CFD

Reducing a long position

          14,894

2.0250

5p ordinary

CFD

Increasing a long position

            1,582

2.0309

5p ordinary

CFD

Reducing a long position

        451,457

2.0300

5p ordinary

CFD

Reducing a long position

          61,304

2.0284

5p ordinary

CFD

Reducing a long position

          60,555

2.0300

5p ordinary

CFD

Reducing a long position

            3,446

2.0284

5p ordinary

CFD

Reducing a long position

            3,840

2.0200

5p ordinary

CFD

Reducing a long position

            2,791

2.0220

5p ordinary

CFD

Reducing a long position

               105

2.0278

5p ordinary

CFD

Reducing a long position

            4,293

2.0270

5p ordinary

CFD

Reducing a long position

            1,670

2.0270

5p ordinary

CFD

Reducing a long position

            2,412

2.0250

5p ordinary

CFD

Increasing a long position

               256

2.0309

5p ordinary

CFD

Reducing a long position

            9,841

2.0284

 

(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

2,356,000

210

American

18/05/2018

0.0630

5p ordinary

Call option

Purchasing

2,927,000

210

American

18/05/2018

0.0630

5p ordinary

Call option

Purchasing

380,000

210

American

18/05/2018

0.0630

5p ordinary

Call option

Purchasing

1,300,000

210

American

18/05/2018

0.0630

5p ordinary

Call option

Purchasing

571,000

210

American

18/05/2018

0.0630

5p ordinary

Call option

Purchasing

1,115,000

210

American

18/05/2018

0.0630

5p ordinary

Call option

Purchasing

151,000

210

American

18/05/2018

0.0630

 

(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:

15th 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

3,807,000

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

1,519,000

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

1,133,000

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

448,000

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

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

1,300,000

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

 

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 (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: Man Group PLC, Riverbank House 2 Swan Lane, London EC4R 3AD, U.K.
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