REG - Tesco PLC - Director/PDMR Shareholding
25/05/2023 12:00
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RNS Number : 6778A Tesco PLC 25 May 2023
25 May 2023
Tesco PLC (the "Company")
PDMR SHAREHOLDING
Exercise of nil-cost options under the Tesco PLC Performance Share Plan 2011
(the "PSP") and Tesco PLC Group Bonus Plan (the "GBP")
On 23 May 2023, Adrian Morris, a member of the Company's Executive Committee,
exercised nil-cost options over 1,114,907 Ordinary Shares of 6⅓ pence each
in the Company from awards granted on 12 May 2016 and 11 May 2017 under the
rules of the PSP and GBP as set out below.
Award name Date of grant Number of shares under option Number of shares withheld for tax Shares sold on exercise
GBP 12 May 2016 257,130 120,852 136,278
GBP 11 May 2017 258,275 121,390 136,885
PSP 12 May 2016 240,074 112,835 127,239
PSP 11 May 2017 359,428 168,932 190,496
Total 1,114,907 524,009 590,898
This represents the gross number of shares exercised. As shown above, shares
have been withheld to cover Income Tax and National Insurance Contributions
due on exercise and the net shares were sold on exercise as detailed below.
The share price on exercise was 268.10 pence per share.
Sale of Ordinary shares
The Company has been notified that the following members of the Company's
Executive Committee sold Ordinary shares of 6⅓ pence each in the Company as
set out below:
Name Number of Ordinary Shares sold Price per Ordinary Share Date of Sale
Alessandra Bellini 161,923 £2.669350 23 May 2023
Christine Heffernan 175,000 £2.651 24 May 2023
Gerry Mallon 150,000 £2.666770 23 May 2023
Adrian Morris 590,898 £2.67965 23 May 2023
143,711 £2.675310 23 May 2023
Jason Tarry 188,417 £2.67559 23 May 2023
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 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 6⅓ pence each
Identification code
GB00BLGZ9862
b) Nature of the transaction Exercise of nil-cost options under the rules of the Tesco PLC Performance
Share Plan 2011 and Tesco PLC Group Bonus Plan
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
£2.681 1,114,907
e) Aggregated information
- Aggregated volume 1,114,907
- Aggregated Price £2.681
- Aggregated Total £2,989,065.67
f) Date of the transaction 2023-05-23
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 6⅓ 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)
£2.669350 161,923
e) Aggregated information
- Aggregated volume 161,923
- Aggregated Price £2.669350
- Aggregated Total £432,229.16
f) Date of the transaction 2023-05-23
g) Place of the transaction London Stock Exchange, Main Market (XLON)
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 6⅓ 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)
£2.651 175,000
e) Aggregated information
- Aggregated volume 175,000
- Aggregated Price £2.651
- Aggregated Total £463,925
f) Date of the transaction 2023-05-24
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 6⅓ 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)
£2.666770 150,000
e) Aggregated information
- Aggregated volume 150,000
- Aggregated Price £2.666770
- Aggregated Total £400,015.50
f) Date of the transaction 2023-05-23
g) Place of the transaction London Stock Exchange, Main Market (XLON)
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 6⅓ 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)
£2.67965 590,898
£2.675310 143,711
e) Aggregated information
- Aggregated volume 734,609
- Aggregated Price £2.679
- Aggregated Total £1,967,871.30
f) Date of the transaction 2023-05-23
g) Place of the transaction London Stock Exchange, Main Market (XLON)
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 & 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 6⅓ 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)
£2.67559 188,417
e) Aggregated information
- Aggregated volume 188,417
- Aggregated Price £2.67559
- Aggregated Total £504,126.64
f) Date of the transaction 2023-05-23
g) Place of the transaction London Stock Exchange, Main Market (XLON)
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