Edmond de Rothschild Asset Management
LSE : TTP

July 05, 2016 08:09 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 whose      SAINSBURY (XS1139087933)                      
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:            4th 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, is the  NO                                            
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:            19 500 000   4.34                       
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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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TOTAL:                                                      19 500 000   4.34                       
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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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           Bond                     Sell                   600 000                   101.25         
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           Bond                     Sell                   300 000                   101.25         
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           Bond                     Sell                   800 000                   101.25         
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           Bond                     Sell                  2 900 000                  101.25         
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           Bond                     Sell                   600 000                   101.25         
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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/exercised Number of securities Exercise price per 
    security        e.g. call option         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:                               5th 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