REG - Tesco PLC - Director/PDMR Shareholding

TescoAnnouncement

23/04/2024 15:00

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RNS Number : 7274L  Tesco PLC  23 April 2024

Director/PDMR SHAREHOLDINGS

23 April 2024

Tesco PLC (the "Company")

 

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

 

On 22 April 2024, Gerry Mallon, a member of the Company's Executive Committee,
was granted an award over 150,106 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 282.68 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                                                         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)

                                                                  £2.8268                               150,106
 e)  Aggregated information

     - Aggregated volume                                          150,106

     - Aggregated Price                                           £2.8268

     - Aggregated Total                                           £424,319.64
 f)  Date of the transaction                                      2024-04-22
 g)  Place of the transaction                                     Outside a trading venue

 

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