trending Market Intelligence /marketintelligence/en/news-insights/trending/ettwmmhf8dbe14sitgrvma2 content esgSubNav
In This List

Tesco applies to list over 1 billion shares for Booker deal

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Tesco applies to list over 1 billion shares for Booker deal

British grocer Tesco PLC applied to the U.K. listing authority and the London stock exchange for the issue of 1,551,404,910 ordinary shares of 5 pence each, in relation to its proposed merger with Booker Group PLC.

According to a regulatory filing dated March 2, admission is expected to take effect on March 5. The shares will rank equally with Tesco's existing issued ordinary shares.

Tesco also applied to the U.K. listing authority and the London stock exchange for the block listing of 15,000,000 ordinary shares for 5 pence each. These shares will be issued from time to time under Booker's group savings related share option plan and performance shares plan. Admission is also expected to be effective March 5.