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REG - Tesco PLC - Director/PDMR Shareholding

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RNS Number : 4619W  Tesco PLC  17 April 2023

PDMR SHAREHOLDING

 

17 April 2023

 

Tesco PLC (the "Company")

 

Purchase of shares under the Tesco PLC Share Incentive Plan (the "SIP")

The Company has been notified that on 14 April 2023, the Trustees of the SIP
purchased Ordinary Shares of 6 1/3 pence each in the Company under the SIP's
Partnership Share Scheme on behalf of the following Persons Discharging
Managerial Responsibilities ("PDMRs") as set out below:

 

 Name of PDMR   Number of shares acquired  Purchase price per share  Date acquired
 Ken Murphy     51                         £2.674                    14 April 2023
 Natasha Adams  7                          £2.674                    14 April 2023
 Guus Dekkers   51                         £2.674                    14 April 2023
 Adrian Morris  51                         £2.674                    14 April 2023
 Ashwin Prasad  52                         £2.674                    14 April 2023
 Jason Tarry    52                         £2.674                    14 April 2023
 Andrew Yaxley  51                         £2.674                    14 April 2023

 

 

Release of shares under the Tesco PLC Performance Share Plan 2011

On 14 April 2023, Gerry Mallon, a member of the Company's Executive Committee,
received 10,787 Ordinary shares of 6 1/3 pence each in the Company upon their
release from a share award granted under the rules of the Tesco PLC
Performance Share Plan 2011 on 13 August 2018.

 

This represents the gross number of shares released including dividend
equivalent shares which have accrued between grant and vesting.  Of those
shares released, 5,286 shares have been withheld to cover Income Tax and
National Insurance Contributions due on release. The net shares have been
transferred to Gerry and are subject to post-vesting holding period of six
months.

 

The share price on release was 268.20 pence per share.

 

The Notification of Dealing Form for each PDMR can be found below.  This
announcement is made in accordance with the UK Market Abuse Regulation
(Regulation (EU) 596/2014, as it forms part of domestic law by virtue of the
European Union (Withdrawal) Act 2018).

 

For enquiries, please contact:

Robert Welch, Company Secretary

Tesco PLC

Tesco House

Shire Park

Kestrel Way

Welwyn Garden City

Hertfordshire

AL7 1GA

Tel: 07793 222569

LEI Number: 2138002P5RNKC5W2JZ46

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Ken Murphy
 2   Reason for the notification
 a)  Position/status                                              Group Chief Executive Officer
 b)  Initial notification /Amendment                              Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Tesco PLC
 b)  Legal Entity Identifier                                      2138002P5RNKC5W2JZ46
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Ordinary shares of 6 1/3 pence each

     Identification code

                                                                  GB00BLGZ9862
 b)  Nature of the transaction                                    Purchase of shares by the Trustees under the Partnership Share Scheme of the
                                                                  Company's Share Incentive Plan
 c)  Currency                                                     GBP
 d)  Price(s) and volume(s)                                       Price(s)                                 Volume(s)

                                                                  £2.674                                   51
 e)  Aggregated information

     - Aggregated volume                                          51

     - Aggregated Price

     - Aggregated Total                                           £2.674

                                                                  £136.37
 f)  Date of the transaction                                      2023-04-14
 g)  Place of the transaction                                     London Stock Exchange, Main Market (XLON)

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Natasha Adams
 2   Reason for the notification
 a)  Position/status                                              CEO, ROI
 b)  Initial notification /Amendment                              Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Tesco PLC
 b)  Legal Entity Identifier                                      2138002P5RNKC5W2JZ46
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Ordinary shares of 6 1/3 pence each

     Identification code

                                                                  GB00BLGZ9862
 b)  Nature of the transaction                                    Purchase of shares by the Trustees under the Partnership Share Scheme of the
                                                                  Company's Share Incentive Plan
 c)  Currency                                                     GBP
 d)  Price(s) and volume(s)                                       Price(s)                                 Volume(s)

                                                                  £2.674                                   7
 e)  Aggregated information

     - Aggregated volume                                          7

     - Aggregated Price

     - Aggregated Total                                           £2.674

                                                                  £18.72
 f)  Date of the transaction                                      2023-04-14
 g)  Place of the transaction                                     London Stock Exchange, Main Market (XLON)
 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Guus Dekkers
 2   Reason for the notification
 a)  Position/status                                              Chief Technology Officer
 b)  Initial notification /Amendment                              Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Tesco PLC
 b)  Legal Entity Identifier                                      2138002P5RNKC5W2JZ46
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Ordinary shares of 6 1/3 pence each

     Identification code

                                                                  GB00BLGZ9862
 b)  Nature of the transaction                                    Purchase of shares by the Trustees under the Partnership Share Scheme of the
                                                                  Company's Share Incentive Plan
 c)  Currency                                                     GBP
 d)  Price(s) and volume(s)                                       Price(s)                                 Volume(s)

                                                                  £2.674                                   51
 e)  Aggregated information

     - Aggregated volume                                          51

     - Aggregated Price

     - Aggregated Total                                           £2.674

                                                                  £136.37
 f)  Date of the transaction                                      2023-04-14
 g)  Place of the transaction                                     London Stock Exchange, Main Market (XLON)

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Adrian Morris
 2   Reason for the notification
 a)  Position/status                                              Group General Counsel
 b)  Initial notification /Amendment                              Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Tesco PLC
 b)  Legal Entity Identifier                                      2138002P5RNKC5W2JZ46
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Ordinary shares of 6 1/3 pence each

     Identification code

                                                                  GB00BLGZ9862
 b)  Nature of the transaction                                    Purchase of shares by the Trustees under the Partnership Share Scheme of the
                                                                  Company's Share Incentive Plan
 c)  Currency                                                     GBP
 d)  Price(s) and volume(s)                                       Price(s)                                 Volume(s)

                                                                  £2.674                                   51
 e)  Aggregated information

     - Aggregated volume                                          51

     - Aggregated Price

     - Aggregated Total                                           £2.674

                                                                  £136.37
 f)  Date of the transaction                                      2023-04-14
 g)  Place of the transaction                                     London Stock Exchange, Main Market (XLON)

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Ashwin Prasad
 2   Reason for the notification
 a)  Position/status                                              Chief Product Officer
 b)  Initial notification /Amendment                              Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Tesco PLC
 b)  Legal Entity Identifier                                      2138002P5RNKC5W2JZ46
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Ordinary shares of 6 1/3 pence each

     Identification code

                                                                  GB00BLGZ9862
 b)  Nature of the transaction                                    Purchase of shares by the Trustees under the Partnership Share Scheme of the
                                                                  Company's Share Incentive Plan
 c)  Currency                                                     GBP
 d)  Price(s) and volume(s)                                       Price(s)                                 Volume(s)

                                                                  £2.674                                   52
 e)  Aggregated information

     - Aggregated volume

     - Aggregated Price                                           52

     - Aggregated Total

                                                                  £2.674

                                                                  £139.05
 f)  Date of the transaction                                      2023-04-14
 g)  Place of the transaction                                     London Stock Exchange, Main Market (XLON)

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Jason Tarry
 2   Reason for the notification
 a)  Position/status                                              CEO, UK and ROI
 b)  Initial notification /Amendment                              Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Tesco PLC
 b)  Legal Entity Identifier                                      2138002P5RNKC5W2JZ46
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Ordinary shares of 6 1/3 pence each

     Identification code

                                                                  GB00BLGZ9862
 b)  Nature of the transaction                                    Purchase of shares by the Trustees under the Partnership Share Scheme of the
                                                                  Company's Share Incentive Plan
 c)  Currency                                                     GBP
 d)  Price(s) and volume(s)                                       Price(s)                                 Volume(s)

                                                                  £2.674                                   52
 e)  Aggregated information

     - Aggregated volume                                          52

     - Aggregated Price

     - Aggregated Total                                           £2.674

                                                                  £139.05
 f)  Date of the transaction                                      2023-04-14
 g)  Place of the transaction                                     London Stock Exchange, Main Market (XLON)

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Andrew Yaxley
 2   Reason for the notification
 a)  Position/status                                              CEO, Booker
 b)  Initial notification /Amendment                              Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Tesco PLC
 b)  Legal Entity Identifier                                      2138002P5RNKC5W2JZ46
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Ordinary shares of 6 1/3 pence each

     Identification code

                                                                  GB00BLGZ9862
 b)  Nature of the transaction                                    Purchase of shares by the Trustees under the Partnership Share Scheme of the
                                                                  Company's Share Incentive Plan
 c)  Currency                                                     GBP
 d)  Price(s) and volume(s)                                       Price(s)                                 Volume(s)

                                                                  £2.674                                   51
 e)  Aggregated information

     - Aggregated volume                                          51

     - Aggregated Price

     - Aggregated Total                                           £2.674

                                                                  £136.37
 f)  Date of the transaction                                      2023-04-14
 g)  Place of the transaction                                     London Stock Exchange, Main Market (XLON)

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Gerry Mallon
 2   Reason for the notification
 a)  Position/status                                              Chief Executive, Tesco Bank
 b)  Initial notification /Amendment                              Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Tesco PLC
 b)  Legal Entity Identifier                                      2138002P5RNKC5W2JZ46
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Ordinary shares of 6 1/3 pence each

     Identification code

                                                                  GB00BLGZ9862
 b)  Nature of the transaction                                    Release of shares awarded under the rules of the Tesco PLC Performance Share
                                                                  Plan 2011
 c)  Currency                                                     GBP
 d)  Price(s) and volume(s)                                       Price(s)                                 Volume(s)

                                                                  £2.682                                   10,787
 e)  Aggregated information

     - Aggregated volume                                          10,787

     - Aggregated Price

     - Aggregated Total                                           £2.682

                                                                  £28,930.73
 f)  Date of the transaction                                      2023-04-14
 g)  Place of the transaction                                     Outside a trading venue

 

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