REG - Tesco PLC - Director/PDMR Shareholding

TescoAnnouncement

24/04/2023 14:00

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RNS Number : 1364X  Tesco PLC  24 April 2023

Director/PDMR SHAREHOLDINGS

24 April 2023

Tesco PLC (the "Company")

 

Tesco PLC Savings-Related Share Option Scheme

 

On 20 April 2023 the following member of the Company's Executive Committee
exercised options over Ordinary shares of 6 1/3 pence each in the Company
granted under the Tesco PLC Savings-Related Share Option Scheme at an option
price of 219.00 pence per share as set out below:

 

 PDMR           Date of grant     Date of exercise  No. of shares exercised

 Andrew Yaxley  13 November 2019  20 April 2023     8,219

 

 

Sale of Ordinary shares

 

The Company has been notified that on 20 April 2023, the following member of
the Company's Executive Committee sold Ordinary shares of 6 1/3 pence each in
the Company as set out below:

 

 Name           No. of shares sold  Sale price  Date of sale

                                    per share
 Andrew Yaxley  8,219               £2.745      20 April 2023

 

 

Grant of Awards under the Tesco PLC Long-Term Incentive Plan 2021 (the "LTIP")

 

On 21 April 2023, Gerry Mallon, a member of the Company's Executive Committee,
was granted an award over 164,917 Ordinary Shares of 6 1/3 pence each in the
Company under the LTIP.

 

The award has been made in the form of conditional shares which will vest on
22 April 2025 subject to the achievement of performance conditions over the
vesting period.

 

For CRDV banking regulatory purposes, the number of shares awarded will not be
increased to reflect any dividends paid to shareholders in the period between
the grant and vesting of conditional shares.  However, a discount has been
applied to the market price of 272.84 pence per share when calculating the
number of shares under the award to reflect the absence of dividend
equivalents during the vesting period.

 

 

The Notification of Dealing Form 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                                                         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                                    Exercise of options granted under the Tesco PLC Savings-Related Share Option
                                                                  Scheme
 c)  Currency                                                     GBP
 d)  Price(s) and volume(s)                                       Price(s)                                 Volume(s)

                                                                  £2.19                                    8,219
 e)  Aggregated information

     - Aggregated volume                                          8,219

     - Aggregated Price

     - Aggregated Total                                           £2.19

                                                                  £17,996.61
 f)  Date of the transaction                                      2023-04-20
 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                                    Sale of Ordinary shares
 c)  Currency                                                     GBP
 d)  Price(s) and volume(s)                                       Price(s)                    Volume(s)

                                                                  £2.745                      8,219
 e)  Aggregated information

     - Aggregated volume                                          8,219

     - Aggregated Price

     - Aggregated Total                                           £2.745

                                                                  £22,561.16
 f)  Date of the transaction                                      2023-04-20
 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                                    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)

                                                                  £2.7284                               164,917
 e)  Aggregated information

     - Aggregated volume                                          164,917

     - Aggregated Price                                           £2.7284

     - Aggregated Total                                           £449,959.54
 f)  Date of the transaction                                      2023-04-21
 g)  Place of the transaction                                     Outside a trading venue

 

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