TIDM48NI TIDM17EW

RNS Number : 3284E

Mitsubishi UFJ Securities Intl PLC

17 October 2018

Stabilisation Notice

MUFG Securities EMEA plc

17(th) October 2018

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

Tesco Corporate Treasury Services PLC

Pre-Stabilisation Period Announcement

17(th) October 2018

MUFG Securities EMEA plc (contact: Sarwat Faruqui telephone: +44 207 577 2231 hereby gives notice that the Stabilising Manager(s) named below may stabilise the offer of the following securities in accordance with Commission Delegated Regulation EU/1052/2016 relating to conditions for buy-back programmes and stabilisation measures under the Market Abuse Regulation (EU/596/2014).

 
 The securities: 
 Issuer:                          Tesco Corporate Treasury Services 
                                   PLC 
                                 ---------------------------------------- 
 Guarantor (if any):              Tesco PLC 
                                 ---------------------------------------- 
 Aggregate Nominal                Eur tba 
  Amount: 
                                 ---------------------------------------- 
 Description:                     EUR Xx% notes due 2023 
                                 ---------------------------------------- 
 Offer price:                     tba 
                                 ---------------------------------------- 
 Stabilisation: 
 Stabilising Manager(s):          MUFG Securities EMEA plc (Stabilisation 
                                   Coordinator), 
                                   BNP Paribas 
                                   Citi 
                                   Goldman Sachs International 
                                 ---------------------------------------- 
 Stabilisation period             17 October 2018 
  expected to start 
  on: 
                                 ---------------------------------------- 
 Stabilisation period             24 November 2018 
  expected to end no 
  later than: 
                                 ---------------------------------------- 
 Maximum size of over-allotment   The Stabilisation Manager(s) 
  facility:                        may over-allot the securities 
                                   to the extent permitted in 
                                   accordance with applicable 
                                   law. 
                                 ---------------------------------------- 
 Stabilisation Trading            OTC 
  Venue 
                                 ---------------------------------------- 
 

In connection with the offer of the above securities, the Stabilising Manager may over-allot the securities or effect transactions with a view to supporting the market price of the securities at a level higher than that which might otherwise prevail. However, there is no assurance that the Stabilising Manager will take any stabilisation action and any stabilisation action, if begun, may be ended at any time.

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

In addition, if and to the extent that this announcement is communicated in, or the offer of the securities to which it relates is made in, any EEA Member State that has implemented Directive 2003/71/EC (together with any applicable implementing measures in any Member State, the "Prospectus Directive") before the publication of a prospectus in relation to the securities which has been approved by the competent authority in that Member State in accordance with the Prospectus Directive (or which has been approved by a competent authority in another Member State and notified to the competent authority in that Member State in accordance with the Prospectus Directive), this announcement and the offer are only addressed to and directed at persons in that Member State who are qualified investors within the meaning of the Prospectus Directive (or who are other persons to whom the offer may lawfully be addressed) and must not be acted on or relied on by other persons in that Member State.

This announcement is not an offer of securities for sale into the United States. The securities have not been, and will not be, registered under the United States Securities Act 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of securities in the United States.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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October 17, 2018 04:23 ET (08:23 GMT)

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