Director/PDMR Shareholding

RNS Number : 7193O

Tesco PLC

03 October 2019

 

PDMR SHAREHOLDING

3 October 2019

Tesco PLC (the "Company")

Exercise of nil-cost options under the Tesco PLC Performance Share Plan 2011 (the "PSP") and Tesco PLC Long Term Incentive Plan 2015 (the "LTIP")

Tesco PLC (the "Company") has been notified that on 2 October 2019, Jason Tarry, a member of the Company's Executive Committee, exercised nil-cost options over 566,631 Ordinary Shares of 5 pence each in the Company from awards granted under the rules of the PSP and LTIP as set out below:

Shares Plan	Grant Date	No. of shares under option
PSP	24/07/2015	175,850
LTIP	24/07/2015	390,781
Total		566,631

This represents the gross number of shares exercised.  Of those shares exercised, 266,317 shares have been retained to cover Income Tax and National Insurance Contributions due on exercise and the net shares have been transferred to Jason.

The share price on exercise was 240.00 pence per share.

Sale of Ordinary shares

The Company has been notified of the following transactions undertaken by Persons Discharging Managerial Responsibilities ("PDMRs"):

PDMR	Stock description	Date	Quantity	Share price	Transaction type	Total consideration
Jason Tarry	Tesco PLC - Ordinary shares of 5p each	02/10/2019	293,328	£2.390	Sale	£701,054
Matthew Simister	Tesco PLC - Ordinary shares of 5p each	02/10/2019	202,653	£2.395	Sale	£485,354

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	Jason Tarry
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	Exercise of nil-cost options under the rules of the Tesco PLC Performance Share Plan 2011 and Tesco PLC Long Term Incentive Plan 2015
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.40	Volume(s) 566,631
e)	Aggregated information - Aggregated Volume - Aggregated Price - Aggregated Total	566,631 £2.40 £1,359,914.40
f)	Date of the transaction	2019-10-02
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	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	Sale of Ordinary shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.39	Volume(s) 293,328
e)	Aggregated information - Aggregated Volume - Aggregated Price - Aggregated Total	293,328 £2.39 £701,053.92
f)	Date of the transaction	2019-10-02
g)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Matthew 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	Sale of Ordinary shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.395	Volume(s) 202,653
e)	Aggregated information - Aggregated Volume - Aggregated Price - Aggregated Total	202,653 £2.395 £485,353.94
f)	Date of the transaction	2019-10-02
g)	Place of the transaction	London Stock Exchange, Main Market (XLON)

 

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