Director/PDMR Shareholding

RNS Number : 6969M

Tesco PLC

13 May 2020

 

PDMR SHAREHOLDING

13 May 2020

Tesco PLC (the "Company")

Grant of Awards under the Tesco PLC Deferred Bonus Plan 2019

On 12 May 2020, the members of the Company's Executive Committee listed below were granted awards over Ordinary Shares of 5 pence each in the Company under the Tesco PLC Deferred Bonus Plan 2019, the number of shares being calculated using a market price of 235.58 pence per share.

Name of PDMR	No. of shares subject to award
Dave Lewis	503,411
Alan Stewart	273,633
Natasha Adams	139,269
Alessandra Bellini	158,909
Christine Heffernan	89,767
Tony Hoggett	202,691
Alison Horner	155,752
Gerry Mallon	101,215
Adrian Morris	155,126
Matt Simister	145,173
Jason Tarry	201,082
Charles Wilson	177,689
Andrew Yaxley	166,185

The above awards have been made in the form of conditional shares which will vest and be released on 12 May 2023. subject to continuous employment with the exception of the award made to Dave Lewis.  The Company's Remuneration Committee has approved good leaver status for Dave Lewis.  Accordingly, his award will vest and be released on 12 May 2023

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 awards have been granted in respect of the annual deferred bonus for the 2019/20 Financial Year. 

The shares awarded 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 2020 ("Directors' Remuneration Report"). 

Release of shares and exercise of nil-cost options from the Tesco PLC Group Bonus Plan (the "GBP"), the Tesco PLC Performance Share Plan 2011 (the "PSP") and the Tesco PLC Long Term Incentive Plan 2015 (the "LTIP")

On 11 May 2020, the members of the Company's Executive Committee listed below received the following Ordinary shares of 5 pence each in the Company upon their release from share awards, or the exercise of nil-cost options, granted under the GBP, PSP and LTIP:

Name of PDMR	No. of shares released (GBP)1	No. of shares released (PSP)1	No. of shares withheld	No. of net shares
Natasha Adams	111,127	128,174	112,472	126,829
Alessandra Bellini	0	256,348	120,484	135,864
Christine Heffernan	25,846	15,796	19,572	22,070
Andrew Yaxley	185,644	184,304	173,876	196,072
Name of PDMR	No. of shares exercised (GBP)2	No. of shares exercised (PSP)2	No. of shares exercised (LTIP)3	No. of shares withheld	No. of net shares
Tony Hoggett	213,078	362,094	0	270,331	304,841
Adrian Morris	72,350	0	247,650	150,400	169,600
Matt Simister	0	160,000	0	75,200	84,800
Jason Tarry	237,809	368,502	0	284,967	321,344

1. The shares released were granted on 11 May 2017 with the exception of GBP shares released to Christine Heffernan which were granted on 9 May 2018.

2. The shares exercised were granted on 11 May 2017 with the exception of GBP shares exercised by Adrian Morris which were granted on 12 May 2016.

3. The shares exercised were granted on 24 July 2015.

The number of shares released/exercised represent the gross number of shares including dividend equivalent shares which have accrued between grant and release/exercise .  As shown above, shares have been withheld to cover Income Tax and National Insurance Contributions due on release/exercise and the net shares have been transferred to the PDMRs.

The share price on release/exercise was 238.10 pence per share.

Sale of Ordinary shares

The Company has been notified that on 11 May 2020, the following members of the Company's Executive Committee sold Ordinary shares of 5 pence each in the Company as set out below:

Name	No. of shares sold	Sale price per share (pence)	Date of sale
Natasha Adams	126,829	237.0764	11 May 2020
Tony Hoggett	304,841	237.0764	11 May 2020
Adrian Morris	169,600	237.60	11 May 2020
Matt Simister	84,800	237.60	11 May 2020
Jason Tarry	321,344	237.60	11 May 2020
Andrew Yaxley	97,681	237.0764	11 May 2020

The Notification of Dealing Forms for each PDMR 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 Deferred Bonus Plan 2019
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.3558	Volume(s) 503,411
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	503,411 £2.3558 £1,185,935.60
f)	Date of the transaction	2020-05-12
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 Deferred Bonus Plan 2019
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.3558	Volume(s) 273,633
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	273,633 £2.3558 £644,624.62
f)	Date of the transaction	2020-05-12
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Natasha Adams
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 Deferred Bonus Plan 2019
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.3558	Volume(s) 139,269
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	139,269 £2.3558 £328,089.91
f)	Date of the transaction	2020-05-12
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 Deferred Bonus Plan 2019
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.3558	Volume(s) 158,909
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	158,909 £2.3558 £374,357.82
f)	Date of the transaction	2020-05-12
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Christine Heffernan
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 Deferred Bonus Plan 2019
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.3558	Volume(s) 89,767
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	89,767 £2.3558 £211,473.10
f)	Date of the transaction	2020-05-12
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	Group Chief Operations 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 Deferred Bonus Plan 2019
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.3558	Volume(s) 202,691
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	202,691 £2.3558 £477,499.46
f)	Date of the transaction	2020-05-12
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	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 Deferred Bonus Plan 2019
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.3558	Volume(s) 155,752
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	155,752 £2.3558 £366,920.56
f)	Date of the transaction	2020-05-12
g)	Place of the transaction	Outside a trading venue

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, 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	Grant of conditional shares under the rules of the Tesco PLC Deferred Bonus Plan 2019
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.3558	Volume(s) 101,215
e)	Aggregated information - Aggregated Volume - Aggregated Price - Aggregated Total	101,215 £2.3558 £238,442.30
f)	Date of the transaction	2020-05-12
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 Deferred Bonus Plan 2019
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.3558	Volume(s) 155,126
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	155,126 £2.3558 £365,445.83
f)	Date of the transaction	2020-05-12
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 Deferred Bonus Plan 2019
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.3558	Volume(s) 145,173
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	145,173 £2.3558 £341,998.55
f)	Date of the transaction	2020-05-12
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	Grant of conditional shares under the rules of the Tesco PLC Deferred Bonus Plan 2019
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.3558	Volume(s) 201,082
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	201,082 £2.3558 £473,708.98
f)	Date of the transaction	2020-05-12
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Charles Wilson
2	Reason for the notification
a)	Position/status	CEO, Booker
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 Deferred Bonus Plan 2019
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.3558	Volume(s) 177,689
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	177,689 £2.3558 £418,599.75
f)	Date of the transaction	2020-05-12
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Andrew Yaxley
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 Deferred Bonus Plan 2019
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.3558	Volume(s) 166,185
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	166,185 £2.3558 £391,498.62
f)	Date of the transaction	2020-05-12
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Natasha Adams
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	Release of shares from awards granted under the rules of the Tesco PLC Group Bonus Plan (GBP) and Tesco PLC Performance Share Plan 2011 (PSP) both on 11 May 2017
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.381 £2.381	Volume(s)  (GBP) 111,127  (PSP) 128,174
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	239,301 £2.381 £569,775.68
f)	Date of the transaction	2020-05-11
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	Release of shares from awards granted under the rules of the Tesco PLC Performance Share Plan 2011 (PSP) on 11 May 2017
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.381	Volume(s) 256,348
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	256,348 £2.381 £610,364.59
f)	Date of the transaction	2020-05-11
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Christine Heffernan
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	Release of shares from awards granted under the rules of the Tesco PLC Group Bonus Plan (GBP) on 9 May 2018 and Tesco PLC Performance Share Plan 2011 (PSP) on 11 May 2017
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.381 £2.381	Volume(s)  (GBP) 25,846  (PSP) 15,796
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	41,642 £2.381 £99,149.60
f)	Date of the transaction	2020-05-11
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	Group Chief Operations 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	Exercise of nil cost options granted under the rules of the Tesco PLC Group Bonus Plan (GBP) and Tesco PLC Performance Share Plan 2011 (PSP) both on 11 May 2017
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.381 £2.381	Volume(s)  (GBP) 213,078  (PSP) 362,094
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	575,172 £2.381 £1,369,484.53
f)	Date of the transaction	2020-05-11
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	Exercise of nil cost options granted under the rules of the Tesco PLC Group Bonus Plan (GBP) on 12 May 2016 and Tesco PLC Long Term Incentive Plan 2015 (LTIP) on 24 July 2015
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.381 £2.381	Volume(s) (GBP) 72,350 (LTIP) 247,650
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	320,000 £2.381 £761,920.00
f)	Date of the transaction	2020-05-11
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	Exercise of nil cost options granted under the rules of the Tesco PLC Performance Share Plan 2011 (PSP) on 11 May 2017
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.381	Volume(s) 160,000
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	160,000 £2.381 £380,960.00
f)	Date of the transaction	2020-05-11
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	Exercise of nil cost options granted under the rules of the Tesco PLC Group Bonus Plan (GBP) and Tesco PLC Performance Share Plan 2011 (PSP) both on 11 May 2017
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.381 £2.381	Volume(s) (GBP) 237,809 (PSP) 368,502
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	606,381 £2.381 £1,443,626.49
f)	Date of the transaction	2020-05-11
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Andrew Yaxley
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	Release of shares from awards granted under the rules of the Tesco PLC Group Bonus Plan (GBP) and Tesco PLC Performance Share Plan 2011 (PSP) both on 11 May 2017
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.381 £2.381	Volume(s)  (GBP) 185,644  (PSP) 184,304
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	369,948 £2.381 £880,846.19
f)	Date of the transaction	2020-05-11
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Natasha Adams
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	Sale of Ordinary shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.370764	Volume(s) 126,829
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	126,829 £2.370764 £300,681.63
f)	Date of the transaction	2020-05-11
g)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Tony Hoggett
2	Reason for the notification
a)	Position/status	Group Chief Operations 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	Sale of Ordinary shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.370764	Volume(s) 304,841
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	304,841 £2.370764 £722,706.07
f)	Date of the transaction	2020-05-11
g)	Place of the transaction	London Stock Exchange, Main Market (XLON)

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	Sale of Ordinary shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.376	Volume(s) 169,600
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	169,600 £2.376 £402,969.60
f)	Date of the transaction	2020-05-11
g)	Place of the transaction	London Stock Exchange, Main Market (XLON)

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	Sale of Ordinary shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.376	Volume(s) 84,800
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	84,800 £2.376 £201,484.80
f)	Date of the transaction	2020-05-11
g)	Place of the transaction	London Stock Exchange, Main Market (XLON)

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) £2.376	Volume(s) 321,344
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	321,344 £2.376 £763,513.34
f)	Date of the transaction	2020-05-11
g)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Andrew Yaxley
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	Sale of Ordinary shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.370764	Volume(s) 97,681
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	97,681 £2.370764 £231,578.60
f)	Date of the transaction	2020-05-11
g)	Place of the transaction	London Stock Exchange, Main Market (XLON)

 

END

 

 

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