REG - Tesco PLC - Director/PDMR Shareholding
04/07/2023 16:00
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RNS Number : 9471E Tesco PLC 04 July 2023
PDMR SHAREHOLDING
4 July 2023
Tesco PLC (the "Company")
Grant of Awards under the Tesco PLC Long-Term Incentive Plan 2021 (the "LTIP")
On 3 July 2023, the Executive Directors and members of the Company's Executive
Committee listed below were granted awards over Ordinary Shares of 6 1/3 pence
each in the Company under the LTIP.
PDMR Number of Shares subject to award
Ken Murphy 1,557,113
Imran Nawaz 755,874
Natasha Adams 484,543
Alessandra Bellini 529,435
Guus Dekkers 489,157
Christine Heffernan 336,021
Gerry Mallon 274,169
Adrian Morris 484,543
Ashwin Prasad 560,035
Matthew Simister 493,772
Jason Tarry 633,512
Emma Taylor 403,225
Andrew Yaxley 544,534
The above awards have been made in the form of conditional shares which will
vest on 3 July 2026 subject to the achievement of the Earnings Per Share, Free
Cash Flow and ESG performance targets over the performance period, as outlined
in the Directors' Remuneration Report of the Tesco PLC Annual Report and
Financial Statements 2023.
For the awards to Ken Murphy and Imran Nawaz, the vested shares will be
subject to a post-vesting holding period of two years from the vesting date.
Except for the award to Gerry Mallon, the numbers of shares have been
calculated using a market price of 251.10 pence per share. For any dividends
paid in the period between the grant and release of conditional shares, the
number of shares in each case will be increased to reflect the dividends that
would have accrued had they been reinvested in shares.
For CRDV banking regulatory purposes, the number of shares awarded to Gerry
Mallon will not be increased to reflect any dividends paid to shareholders in
the period between the grant and release of conditional shares. However, a
discount has been applied to the market price of 251.10 pence per share when
calculating the number of shares under Gerry's award to reflect the absence of
dividend equivalents during the vesting period.
On 3 July 2023, Ashwin Prasad, Chief Product Officer, was granted a
conditional award over 248,904 Ordinary Shares of 6 1/3 pence each in the
Company. The number of shares awarded has been calculated using a market
price of 251.10 pence per share and will vest on 31 October 2025 subject to
the achievement of personal performance conditions over the vesting period and
continuous employment.
Release of shares from the Tesco PLC Performance Share Plan 2011 (PSP)
On 3 July 2023, the members of the Company's Executive Committee listed below
received the following Ordinary shares of 6 1/3 pence each in the Company upon
their release from share awards granted on 3 July 2020 under the rules of the
PSP:
Name of PDMR No. of shares released No. of shares withheld No. of net shares
Natasha Adams 391,769 184,132 207,637
Alessandra Bellini 446,435 209,825 236,610
Guus Dekkers 398,830 187,451 211,379
Christine Heffernan 250,549 117,759 132,790
Gerry Mallon 409,992 200,897 209,095
Adrian Morris 435,808 204,830 230,978
Ashwin Prasad 215,623 101,343 114,280
Matt Simister 455,546 214,107 241,439
Jason Tarry 578,545 271,917 306,628
Emma Taylor 157,920 74,223 83,697
Andrew Yaxley 455,546 214,107 241,439
The numbers of shares released represent the gross number of shares including
dividend equivalent shares which have accrued between grant and release. As
shown above, shares have been withheld to cover Income Tax and National
Insurance Contributions due on release. The net shares have been transferred
to the PDMRs and are subject to a post-vesting holding period until 3 July
2025.
On 3 July 2023, Gerry Mallon, a member of the Company's Executive Committee,
received 17,484 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, 8,568 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 a post-vesting holding period of six
months.
The share price on release was 252.00 pence per share.
Release of shares granted under Listing Rule 9.4.2
On 3 July 2023, Imran Nawaz, an Executive Director, received 160,710 Ordinary
shares of 6 1/3 pence each in the Company upon their release from Tranche 5 of
his buyout award granted under a Listing Rule 9.4.2 arrangement on 4 May 2021
(see announcement made on 6 May 2021).
This represents the gross number of shares released. Of those shares
released, 75,534 shares have been withheld to cover Income Tax and National
Insurance Contributions due on release. The net shares have been transferred
to Imran and are subject to a post-vesting holding period until 31 March 2024.
The number of shares released has been determined by the vesting level of the
Tate and Lyle PLC 2020 Performance Share Plan award.
The share price on release was 252.00 pence per share.
The Notification of Dealing Forms 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 Grant of conditional shares under the rules of the Tesco PLC Long-Term
Incentive Plan 2021
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
£2.511 1,557,113
e) Aggregated information
- Aggregated volume 1,557,113
- Aggregated Price £2.511
- Aggregated Total £3,909,910.74
f) Date of the transaction 2023-07-03
g) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Imran Nawaz
2 Reason for the notification
a) Position/status Chief Financial 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 Grant of conditional shares under the rules of the Tesco PLC Long-Term
Incentive Plan 2021
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
£2.511 755,874
e) Aggregated information
- Aggregated volume 755,874
- Aggregated Price £2.511
- Aggregated Total £1,897,999.61
f) Date of the transaction 2023-07-03
g) Place of the transaction Outside a trading venue
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 Grant of conditional shares under the rules of the Tesco PLC Long-Term
Incentive Plan 2021
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
£2.511 484,543
e) Aggregated information
- Aggregated volume 484,543
- Aggregated Price £2.511
- Aggregated Total £1,216,687.47
f) Date of the transaction 2023-07-03
g) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Alessandra Bellini
2 Reason for the notification
a) Position/status Chief Customer 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 Grant of conditional shares under the rules of the Tesco PLC Long-Term
Incentive Plan 2021
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
£2.511 529,435
e) Aggregated information
- Aggregated volume 529,435
- Aggregated Price £2.511
- Aggregated Total £1,329,411.29
f) Date of the transaction 2023-07-03
g) Place of the transaction Outside a trading venue
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 Grant of conditional shares under the rules of the Tesco PLC Long-Term
Incentive Plan 2021
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
£2.511 489,157
e) Aggregated information
- Aggregated volume 489,157
- Aggregated Price £2.511
- Aggregated Total £1,228,273.23
f) Date of the transaction 2023-07-03
g) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Christine Heffernan
2 Reason for the notification
a) Position/status Group Communications Director
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 Grant of conditional shares under the rules of the Tesco PLC Long-Term
Incentive Plan 2021
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
£2.511 336,021
e) Aggregated information
- Aggregated volume 336,021
- Aggregated Price £2.511
- Aggregated Total £843,748.73
f) Date of the transaction 2023-07-03
g) Place of the transaction Outside a trading venue
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 Grant of conditional shares under the rules of the Tesco PLC Long-Term
Incentive Plan 2021
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
£2.511 274,169
e) Aggregated information
- Aggregated volume 274,169
- Aggregated Price £2.511
- Aggregated Total £668,438.36
f) Date of the transaction 2023-07-03
g) Place of the transaction Outside a trading venue
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 Grant of conditional shares under the rules of the Tesco PLC Long-Term
Incentive Plan 2021
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
£2.511 484,543
e) Aggregated information
- Aggregated volume 484,543
- Aggregated Price £2.511
- Aggregated Total £1,216,687.47
f) Date of the transaction 2023-07-03
g) Place of the transaction Outside a trading venue
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 Grant of conditional shares under the rules of the Tesco PLC Long-Term
Incentive Plan 2021
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
£2.511 560,035
e) Aggregated information
- Aggregated volume 560,035
- Aggregated Price £2.511
- Aggregated Total £1,406,247.89
f) Date of the transaction 2023-07-03
g) Place of the transaction Outside a trading venue
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 Grant of conditional shares under the rules of the Tesco PLC Long-Term
Incentive Plan 2021
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
£2.511 248,904
e) Aggregated information
- Aggregated volume 248,904
- Aggregated Price £2.511
- Aggregated Total £624,997.94
f) Date of the transaction 2023-07-03
g) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Matt Simister
2 Reason for the notification
a) Position/status CEO, Central Europe
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 Grant of conditional shares under the rules of the Tesco PLC Long-Term
Incentive Plan 2021
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
£2.511 493,772
e) Aggregated information
- Aggregated volume 493,772
- Aggregated Price £2.511
- Aggregated Total £1,239,861.49
f) Date of the transaction 2023-07-03
g) Place of the transaction Outside a trading venue
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 Grant of conditional shares under the rules of the Tesco PLC Long-Term
Incentive Plan 2021
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
£2.511 633,512
e) Aggregated information
- Aggregated volume 633,512
- Aggregated Price £2.511
- Aggregated Total £1,590,748.63
f) Date of the transaction 2023-07-03
g) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Emma Taylor
2 Reason for the notification
a) Position/status Chief People 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 Grant of conditional shares under the rules of the Tesco PLC Long-Term
Incentive Plan 2021
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
£2.511 403,225
e) Aggregated information
- Aggregated volume 403,225
- Aggregated Price £2.511
- Aggregated Total £1,012,497.98
f) Date of the transaction 2023-07-03
g) Place of the transaction Outside a trading venue
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 Grant of conditional shares under the rules of the Tesco PLC Long-Term
Incentive Plan 2021
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
£2.511 544,534
e) Aggregated information
- Aggregated volume 544,534
- Aggregated Price £2.511
- Aggregated Total £1,367,324.87
f) Date of the transaction 2023-07-03
g) Place of the transaction Outside a trading venue
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 Release of shares from awards granted under the rules of the Tesco PLC
Performance Share Plan 2011 (PSP) on 3 July 2020
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
£2.520 391,769
e) Aggregated information
- Aggregated volume 391,769
- Aggregated Price £2.520
- Aggregated Total £987,257.88
f) Date of the transaction 2023-07-03
g) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Alessandra Bellini
2 Reason for the notification
a) Position/status Chief Customer 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 Release of shares from awards granted under the rules of the Tesco PLC
Performance Share Plan 2011 (PSP) on 3 July 2020
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
£2.520 446,435
e) Aggregated information
- Aggregated volume 446,435
- Aggregated Price £2.520
- Aggregated Total £1,125,016.20
f) Date of the transaction 2023-07-03
g) Place of the transaction Outside a trading venue
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 Release of shares from awards granted under the rules of the Tesco PLC
Performance Share Plan 2011 (PSP) on 3 July 2020
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
£2.520 398,830
e) Aggregated information
- Aggregated volume 398,830
- Aggregated Price £2.520
- Aggregated Total £1,005,051.60
f) Date of the transaction 2023-07-03
g) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Christine Heffernan
2 Reason for the notification
a) Position/status Group Communications Director
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 from awards granted under the rules of the Tesco PLC
Performance Share Plan 2011 (PSP) on 3 July 2020
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
£2.520 250,549
e) Aggregated information
- Aggregated volume 250,549
- Aggregated Price £2.520
- Aggregated Total £631,383.48
f) Date of the transaction 2023-07-03
g) Place of the transaction Outside a trading venue
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 from awards granted under the rules of the Tesco PLC
Performance Share Plan 2011 (PSP) on 3 July 2020
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
£2.520 409,992
e) Aggregated information
- Aggregated volume 409,992
- Aggregated Price £2.520
- Aggregated Total £1,033,179.84
f) Date of the transaction 2023-07-03
g) Place of the transaction Outside a trading venue
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 Release of shares from awards granted under the rules of the Tesco PLC
Performance Share Plan 2011 (PSP) on 3 July 2020
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
£2.520 435,808
e) Aggregated information
- Aggregated volume 435,808
- Aggregated Price £2.520
- Aggregated Total £1,098,236.16
f) Date of the transaction 2023-07-03
g) Place of the transaction Outside a trading venue
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 Release of shares from awards granted under the rules of the Tesco PLC
Performance Share Plan 2011 (PSP) on 3 July 2020
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
£2.520 215,623
e) Aggregated information
- Aggregated volume 215,623
- Aggregated Price £2.520
- Aggregated Total £543,369.96
f) Date of the transaction 2023-07-03
g) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Matt Simister
2 Reason for the notification
a) Position/status CEO Central Europe
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 from awards granted under the rules of the Tesco PLC
Performance Share Plan 2011 (PSP) on 3 July 2020
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
£2.520 455,546
e) Aggregated information
- Aggregated volume 455,546
- Aggregated Price £2.520
- Aggregated Total £1,147,975.92
f) Date of the transaction 2023-07-03
g) Place of the transaction Outside a trading venue
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 Release of shares from awards granted under the rules of the Tesco PLC
Performance Share Plan 2011 (PSP) on 3 July 2020
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
£2.520 578,545
e) Aggregated information
- Aggregated volume 578,545
- Aggregated Price £2.520
- Aggregated Total £1,457,933.40
f) Date of the transaction 2023-07-03
g) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Emma Taylor
2 Reason for the notification
a) Position/status Chief People 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 Release of shares from awards granted under the rules of the Tesco PLC
Performance Share Plan 2011 (PSP) on 3 July 2020
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
£2.520 157,920
e) Aggregated information
- Aggregated volume 157,920
- Aggregated Price £2.520
- Aggregated Total £397,958.40
f) Date of the transaction 2023-07-03
g) Place of the transaction Outside a trading venue
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 Release of shares from awards granted under the rules of the Tesco PLC
Performance Share Plan 2011 (PSP) on 3 July 2020
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
£2.520 455,546
e) Aggregated information
- Aggregated volume 455,546
- Aggregated Price £2.520
- Aggregated Total £1,147,975.92
f) Date of the transaction 2023-07-03
g) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Imran Nawaz
2 Reason for the notification
a) Position/status Chief Financial 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 Release of shares granted under a Listing Rule 9.4.2 arrangement
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
£2.520 160,710
e) Aggregated information
- Aggregated volume 160,710
- Aggregated Price £2.520
- Aggregated Total £404,989.20
f) Date of the transaction 2023-07-03
g) Place of the transaction Outside a trading venue
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 from awards granted under the rules of the Tesco PLC
Performance Share Plan 2011 (PSP) on 13 August 2018
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
£2.520 17,484
e) Aggregated information
- Aggregated volume 17,484
- Aggregated Price £2.520
- Aggregated Total £44,059.68
f) Date of the transaction 2023-07-03
g) Place of the transaction Outside a trading venue
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