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REG - Tesco PLC - Director/PDMR Shareholding

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RNS Number : 6196P  Tesco PLC  21 June 2022

PDMR SHAREHOLDING

21 June 2022

 

Tesco PLC (the "Company")

 

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

 

On 20 June 2022, 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 20 June 2019 under the rules of the
PSP:

 

 Name of PDMR         No. of shares released  No. of shares withheld  No. of net shares
 Natasha Adams        382,087                 184,357                 197,730
 Alessandra Bellini   439,401                 212,011                 227,390
 Guus Dekkers         418,146                 201,756                 216,390
 Christine Heffernan  238,801                 115,222                 123,579
 Gerry Mallon         429,849                 211,701                 218,148
 Adrian Morris        456,914                 220,462                 236,452
 Ashwin Prasad        203,777                 98,323                  105,454
 Matt Simister        429,849                 207,832                 222,017
 Jason Tarry          606,566                 292,669                 313,897
 Emma Taylor          140,096                 67,597                  72,499
 Andrew Yaxley        477,608                 230,446                 247,162

 

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 20 June
2024.

 

The share price on release was 251.90 pence per share.

 

The Notification of Dealing Forms for each PDMR can be found below.  This
announcement is made in accordance with Article 19 of the Market Abuse
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                                                         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 20 June 2019
 c)  Currency                                                     GBP
 d)  Price(s) and volume(s)                                       Price(s)                              Volume(s)

                                                                  £2.519                                382,087
 e)  Aggregated information

     - Aggregated volume                                          382,087

     - Aggregated Price                                           £2.519

     - Aggregated Total                                           £962,477.15
 f)  Date of the transaction                                      2022-06-20
 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 20 June 2019
 c)  Currency                                                     GBP
 d)  Price(s) and volume(s)                                       Price(s)                              Volume(s)

                                                                  £2.519                                439,401
 e)  Aggregated information

     - Aggregated volume                                          439,401

     - Aggregated Price                                           £2.519

     - Aggregated Total                                           £1,106,851.12
 f)  Date of the transaction                                      2022-06-20
 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 20 June 2019
 c)  Currency                                                     GBP
 d)  Price(s) and volume(s)                                       Price(s)                              Volume(s)

                                                                  £2.519                                418,146
 e)  Aggregated information

     - Aggregated volume                                          418,146

     - Aggregated Price                                           £2.519

     - Aggregated Total                                           £1,053,309.77
 f)  Date of the transaction                                      2022-06-20
 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 20 June 2019
 c)  Currency                                                     GBP
 d)  Price(s) and volume(s)                                       Price(s)                              Volume(s)

                                                                  £2.519                                238,801
 e)  Aggregated information

     - Aggregated volume                                          238,801

     - Aggregated Price                                           £2.519

     - Aggregated Total                                           £601,539.72
 f)  Date of the transaction                                      2022-06-20
 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 20 June 2019
 c)  Currency                                                     GBP
 d)  Price(s) and volume(s)                                       Price(s)                              Volume(s)

                                                                  £2.519                                429,849
 e)  Aggregated information

     - Aggregated volume                                          429,849

     - Aggregated Price                                           £2.519

     - Aggregated Total                                           £1,082,789.63
 f)  Date of the transaction                                      2022-06-20
 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 20 June 2019
 c)  Currency                                                     GBP
 d)  Price(s) and volume(s)                                       Price(s)                              Volume(s)

                                                                  £2.519                                456,914
 e)  Aggregated information

     - Aggregated volume                                          456,914

     - Aggregated Price                                           £2.519

     - Aggregated Total                                           £1,150,966.37
 f)  Date of the transaction                                      2022-06-20
 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 20 June 2019
 c)  Currency                                                     GBP
 d)  Price(s) and volume(s)                                       Price(s)                              Volume(s)

                                                                  £2.519                                203,777
 e)  Aggregated information

     - Aggregated volume                                          203,777

     - Aggregated Price                                           £2.519

     - Aggregated Total                                           £513,314.26
 f)  Date of the transaction                                      2022-06-20
 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 20 June 2019
 c)  Currency                                                     GBP
 d)  Price(s) and volume(s)                                       Price(s)                              Volume(s)

                                                                  £2.519                                429,849
 e)  Aggregated information

     - Aggregated volume                                          429,849

     - Aggregated Price                                           £2.519

     - Aggregated Total                                           £1,082,789.63
 f)  Date of the transaction                                      2022-06-20
 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 20 June 2019
 c)  Currency                                                     GBP
 d)  Price(s) and volume(s)                                       Price(s)                              Volume(s)

                                                                  £2.519                                606,566
 e)  Aggregated information

     - Aggregated volume                                          606,566

     - Aggregated Price                                           £2.519

     - Aggregated Total                                           £1,527,939.75
 f)  Date of the transaction                                      2022-06-20
 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 20 June 2019
 c)  Currency                                                     GBP
 d)  Price(s) and volume(s)                                       Price(s)                              Volume(s)

                                                                  £2.519                                140,096
 e)  Aggregated information

     - Aggregated volume                                          140,096

     - Aggregated Price                                           £2.519

     - Aggregated Total                                           £352,901.82
 f)  Date of the transaction                                      2022-06-20
 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 20 June 2019
 c)  Currency                                                     GBP
 d)  Price(s) and volume(s)                                       Price(s)                              Volume(s)

                                                                  £2.519                                477,608
 e)  Aggregated information

     - Aggregated volume                                          477,608

     - Aggregated Price                                           £2.519

     - Aggregated Total                                           £1,203,094.55
 f)  Date of the transaction                                      2022-06-20
 g)  Place of the transaction                                     Outside a trading venue

 

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