Edmond de Rothschild Asset Management
LSE : TTP

July 07, 2016 09:49 ET

Form 8.3 - Sainsbury

                                                                                                         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

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(a) Full name of discloser:                     EDMOND DE ROTHSCHILD ASSET MANAGEMENT (France), for 
                                                the account of the funds managed.                   
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(b) Owner or controller of interests and short                                                      
positions disclosed, if different from 1(a):                                                        
The naming of nominee or vehicle companies is                                                       
insufficient. For a trust, the trustee(s),                                                          
settlor and beneficiaries must be named.                                                            
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(c) Name of offeror/offeree in relation to      SAINSBURY (XS1139087933)                            
whose relevant securities this form relates:                                                        
Use a separate form for each offeror/offeree                                                        
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(d) If an exempt fund manager connected with an                                                     
offeror/offeree, state this and specify                                                             
identity of offeror/offeree:                                                                        
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(e) Date position held/dealing undertaken:      6th July 2016                                       
For an opening position disclosure, state the                                                       
latest practicable date prior to the disclosure                                                     
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(f) In addition to the company in 1(c) above,   NO                                                  
is the discloser making disclosures in respect                                                      
of any other party to the offer?                                                                    
If it is a cash offer or possible cash offer,                                                       
state "N/A"                                                                                         
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2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the 
offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant 
security.

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure 
relates following the dealing (if any)

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Class of relevant security:                                    Convertible bonds due November 2019  
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                                                                  Interests        Short positions  
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                                                              Number       %      Number       %    
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(1) Relevant securities owned and/or controlled:            15 500 000   3.44                       
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(2) Cash-settled derivatives:                                                                       
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(3) Stock-settled derivatives (including options) and                                               
agreements to purchase/sell:                                                                        
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                                                            15 500 000   3.44                       
TOTAL:                                                                                              
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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)

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Class of relevant security in relation to which subscription right exists:                          
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Details, including nature of the rights concerned and relevant percentages:                         
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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

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    Class of relevant          Purchase/sale         Number of securities        Price per unit     
         security                                                                                   
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     Convertible bond               Sale                   200 000                    99.2          
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     Convertible bond               Sale                   300 000                    99.2          
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     Convertible bond               Sale                  1 200 000                   99.2          
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     Convertible bond               Sale                   200 000                    99.2          
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     Convertible bond               Sale                   100 000                    99.2          
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(b) Cash-settled derivative transactions

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  Class of relevant  Product description  Nature of dealing  Number of reference   Price per unit   
      security            e.g. CFD      e.g. opening/closing     securities                         
                                            a long/short                                            
                                              position,                                             
                                         increasing/reducing                                        
                                            a long/short                                            
                                              position                                              
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(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

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 Class of     Product        Writing,      Number of    Exercise    Type     Expiry    Option money 
 relevant   description    purchasing,   securities to  price per   e.g.      date    paid/received
 security    e.g. call       selling,     which option    unit    American,              per unit   
               option      varying etc.     relates               European                          
                                                                    etc.                            
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(ii) Exercise

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  Class of relevant  Product description     Exercising/    Number of securities Exercise price per 
      security        e.g. call option    exercised against                             unit        
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(d) Other dealings (including subscribing for new securities)

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    Class of relevant        Nature of dealing             Details             Price per unit (if   
         security            e.g. subscription,                                   applicable)       
                                 conversion                                                         
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4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

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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"                                            
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None                                                                                                
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(b) Agreements, arrangements or understandings relating to options or derivatives

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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"                       
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None                                                                                                
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(c) Attachments

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Is a Supplemental Form 8 (Open Positions) attached?                                    NO           
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Date of disclosure:                               7th July 2016                                     
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Contact name:                                     Lydia Ballester                                   
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Telephone number:                                 + 33 1 40 17 21 16                                
                                                  Email : l.ballester@edr.com                       
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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.

Contact Information

  • Edmond de Rothschild Asset Management