Director/PDMR Shareholding

RNS Number : 9810C

Tesco PLC

04 October 2018

 

TESCO PLC PERFORMANCE SHARE PLAN 2011

PDMR SHAREHOLDING

4 October 2018

Tesco PLC (the "Company")

On 3 October 2018, Gerry Mallon, a member of the Company's Executive Committee, received 40,229 Ordinary shares of 5 pence each in the Company upon their release from share awards granted under the rules of the Tesco PLC Performance Share Plan 2011 on 13 August 2018.

This represents the gross number of shares released.  A proportion of the shares released have been withheld to cover Income Tax and National Insurance Contributions due on release. The net shares have been transferred to Gerry and are subject to post-vesting holding period of six months.

The share price on release was 215.00 pence per share.

The Notification of Dealing Form 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	Gerry Mallon
2	Reason for the notification
a)	Position/status	Chief Executive of 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 Identification code	Ordinary shares of 5 pence each GB0008847096
b)	Nature of the transaction	Release of shares awarded under the rules of the Tesco PLC Performance Share Plan 2011
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.15	Volume(s) 40,229
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	40,229 £2.15 £86,492.35
f)	Date of the transaction	2018-10-03
g)	Place of the transaction	Outside a trading venue

 

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