REG - Tesco PLC - Director/PDMR Shareholding

TescoAnnouncement

12/11/2024 13:00

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RNS Number : 9349L  Tesco PLC  12 November 2024

PDMR SHAREHOLDING

12 November 2024

 

Tesco PLC (the "Company")

 

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

On 11 November 2024, the Executive Directors and members of the Company's
Executive Committee listed below were granted awards over Ordinary Shares of 6
1/3 pence each in the Company under the LTIP.

 

 Name of PDMR  No. of shares subject to award
 Kay Majid     131,668

 

The above awards have been made in the form of conditional shares which will
vest on 24 June 2027 subject to the achievement of the Earnings Per Share,
Free Cash Flow and ESG performance targets over the performance period, as
outlined in the Directors' Remuneration Report of the Tesco PLC Annual Report
and Financial Statements 2024.

 

The numbers of shares have been calculated using a market price of 308.54
pence per share.  For any dividends paid in the period between the grant and
release of conditional shares, the number of shares in each case will be
increased to reflect the dividends that would have accrued had they been
reinvested in shares.

 

The Notification of Dealing Form can be found below.  This announcement is
made in accordance with Article 19 of the Market Abuse Regulation 596/2014.

 

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                                                         Kay Majid
 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                                    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)

                                                                  £3.0854                               131,668
 e)  Aggregated information

     - Aggregated volume                                          131,668

     - Aggregated Price

     - Aggregated Total                                           £3.0854

                                                                  £406,248.45
 f)  Date of the transaction                                      2024-11-11
 g)  Place of the transaction                                     Outside a trading venue

 

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