REG - Tesco PLC - Director/PDMR Shareholding

TescoAnnouncement

11/04/2024 17:30

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RNS Number : 3410K  Tesco PLC  11 April 2024

PDMR SHAREHOLDING

11 April 2024

Tesco PLC (the "Company")

 

Release of shares under the Tesco PLC Performance Share Plan 2011

On 10 April 2024, Gerry Mallon, a member of the Company's Executive Committee,
received 11,220 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, 5,610 shares have been withheld to cover Income Tax and
National Insurance Contributions due on release. The net shares have been
transferred to Gerry Mallon and are subject to post-vesting holding period of
six months.

 

The share price on release was 297.00 pence per share.

 

The Notification of Dealing Form can be found below.  This announcement is
made in accordance with Article 19 of the Market Abuse Regulation 596/2014.

 

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                                                         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)

                                                                  £2.97                                    11,220
 e)  Aggregated information

     - Aggregated volume                                          11,220

     - Aggregated Price

     - Aggregated Total                                           £2.97

                                                                  £33,323,40
 f)  Date of the transaction                                      2024-04-10
 g)  Place of the transaction                                     Outside a trading venue

 

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