REG - Tesco PLC - Director/PDMR Shareholding

TescoAnnouncement

29/04/2022 14:00

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RNS Number : 8684J  Tesco PLC  29 April 2022

PDMR SHAREHOLDING

29 April 2022

 

Tesco PLC (the "Company")

 

Release of shares from the Tesco PLC Performance Share Plan 2011 (PSP)

 

On 28 April 2022, Gerry Mallon, a member of the Company's Executive Committee,
received 294,329 Ordinary shares of 6 1/3 pence each in the Company upon their
release from a share award granted on 16 January 2020 under the rules of the
PSP.

 

This represents the gross number of shares released including dividend
equivalent shares which have accrued between grant and release.  Of those
shares released, 144,958 shares have been withheld to cover Income Tax and
National Insurance Contributions due on release. The net shares have been
transferred to Gerry.

 

The share price on release was 272.30 pence per share.

 

The Notification of Dealing Form 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                                                         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)

                                                                  £2.723                                   294,329
 e)  Aggregated information

     - Aggregated volume                                          294,329

     - Aggregated Price

     - Aggregated Total                                           £2.723

                                                                  £801,457.87
 f)  Date of the transaction                                      2022-04-28
 g)  Place of the transaction                                     Outside a trading venue

 

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