Director/PDMR Shareholding

RNS Number : 9636H

Tesco PLC

16 March 2018

 

16 March 2018

Tesco PLC

DIRECTOR SHAREHOLDING

Tesco PLC (the "Company") has been notified that the following Director of the Company acquired Ordinary shares of 5 pence each in the Company as set out below:

Name of Director	Number of shares purchased	Purchase price per share	Date acquired
Charles Wilson	5,124,735	215.5264p	15 March 2018

The above dealing was made in accordance with an irrevocable dealing instruction given by Charles Wilson to his broker, prior to the merger between the Company and Booker Group plc becoming effective on 5 March 2018, to purchase Tesco PLC shares in the market in an aggregate amount equal to the cash proceeds paid to him under the Mix and Match Facility as a Booker Scheme Shareholder, after deducting an amount to cover applicable taxes.  As previously disclosed, Charles Wilson intends to hold the above Tesco PLC shares for five years from 5 March 2018 on, and subject to, the terms set out in a Lock-up Agreement, subject to certain customary carve-outs.

The Notification of Dealing Form in respect of the above Director can be found below.  This announcement is made in accordance with Article 19 of the EU 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: [phone]

LEI Number: 2138002P5RNKC5W2JZ46

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Charles Wilson
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 Identification code	Ordinary shares of 5 pence each GB0008847096
b)	Nature of the transaction	Purchase of Ordinary Tesco shares in accordance with an irrevocable dealing instruction given by Charles Wilson pursuant to the merger of Tesco PLC and Booker Group plc
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) 215.5264p	Volume(s) 5,124,735
e)	Aggregated information - Aggregated Volume - Aggregated Price - Aggregated Total	5,124,735 215.5264p £11,045,156.86
f)	Date of the transaction	2018-03-15
g)	Place of the transaction	London Stock Exchange, Main Market (XLON)

 

END

 

 

DSHKQLBFVXFBBBF