Director/PDMR Shareholding

RNS Number : 6238N

Tesco PLC

10 May 2018

 

PDMR SHAREHOLDING

10 May 2018

Tesco PLC (the "Company")

Grant of Awards under the Tesco PLC 2014 Executive Incentive Plan (the "EIP") and the Tesco PLC Group Bonus Plan (the "GBP")

On 9 May 2018, the persons listed below were granted awards over Ordinary Shares of 5 pence each in the Company under the EIP and GBP, the number of shares being calculated using a market price of 238.26 pence per share.

The awards have been granted in respect of the annual deferred bonus for the 2017/18 Financial Year. 

PDMR	Number of Shares subject to award (EIP)
Dave Lewis	477,485
Alan Stewart	261,808
PDMR	Number of Shares subject to award (GBP)
Alessandra Bellini	68,026
Tony Hoggett	154,612
Alison Horner	146,822
Jane Lawrie	84,300
Adrian Morris	148,403
Matt Simister	135,003
Jason Tarry	167,967

The above awards have been made in the form of conditional shares which will vest and be released on 9 May 2021, subject to continuous employment.

The number of conditional shares in each case will be increased to reflect the dividends that would have accrued in the period between grant and vesting had they been reinvested in shares.

The conditional shares granted under the EIP and GBP contribute towards the shareholding guidelines for Executive Directors and Executive Committee members which are set out in the Directors' Remuneration Report of the Tesco PLC Annual Report and Financial Statements 2018 ("Directors' Remuneration Report"). 

The Notification of Dealing Forms 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	Dave Lewis
2	Reason for the notification
a)	Position/status	Group Chief Executive
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	Grant of conditional shares under the rules of the Tesco PLC 2014 Executive Incentive Plan
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.3826	Volume(s) 477,485
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	477,485 £2.3826 £1,137,655.76
f)	Date of the transaction	2018-05-09
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Alan Stewart
2	Reason for the notification
a)	Position/status	Chief Financial 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 Identification code	Ordinary shares of 5 pence each GB0008847096
b)	Nature of the transaction	Grant of conditional shares under the rules of the Tesco PLC 2014 Executive Incentive Plan
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.3826	Volume(s) 261,808
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	261,808 £2.3826 £623,783.74
f)	Date of the transaction	2018-05-09
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 Identification code	Ordinary shares of 5 pence each GB0008847096
b)	Nature of the transaction	Grant of conditional shares under the rules of the Tesco PLC Group Bonus Plan
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.3826	Volume(s) 68,026
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	68,026 £2.3826 £162,078.75
f)	Date of the transaction	2018-05-09
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Tony Hoggett
2	Reason for the notification
a)	Position/status	CEO Asia
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	Grant of conditional shares under the rules of the Tesco PLC Group Bonus Plan
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.3826	Volume(s) 154,612
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	154,612 £2.3826 £368,378.55
f)	Date of the transaction	2018-05-09
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Alison Horner
2	Reason for the notification
a)	Position/status	Chief People 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 Identification code	Ordinary shares of 5 pence each GB0008847096
b)	Nature of the transaction	Grant of conditional shares under the rules of the Tesco PLC Group Bonus Plan
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.3826	Volume(s) 146,822
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	146,822 £2.3826 £349,818.10
f)	Date of the transaction	2018-05-09
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Jane Lawrie
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 Identification code	Ordinary shares of 5 pence each GB0008847096
b)	Nature of the transaction	Grant of conditional shares under the rules of the Tesco PLC Group Bonus Plan
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.3826	Volume(s) 84,300
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	84,300 £2.3826 £200,853.18
f)	Date of the transaction	2018-05-09
g)	Place of the transaction	Outside a trading venue

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 Identification code	Ordinary shares of 5 pence each GB0008847096
b)	Nature of the transaction	Grant of conditional shares under the rules of the Tesco PLC Group Bonus Plan
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.3826	Volume(s) 148,403
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	148,403 £2.3826 £353,584.99
f)	Date of the transaction	2018-05-09
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Matt Simister
2	Reason for the notification
a)	Position/status	CEO Central Europe
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	Grant of conditional shares under the rules of the Tesco PLC Group Bonus Plan
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.3826	Volume(s) 135,003
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	135,003 £2.3826 £321,658.15
f)	Date of the transaction	2018-05-09
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Jason Tarry
2	Reason for the notification
a)	Position/status	Chief Product 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 Identification code	Ordinary shares of 5 pence each GB0008847096
b)	Nature of the transaction	Grant of conditional shares under the rules of the Tesco PLC Group Bonus Plan
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.3826	Volume(s) 167,967
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	167,967 £2.3826 £400,198.17
f)	Date of the transaction	2018-05-09
g)	Place of the transaction	Outside a trading venue

 

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