Director/PDMR Shareholding

RNS Number : 1854C

Tesco PLC

15 October 2020

 

PDMR SHAREHOLDING

15 October 2020

Tesco PLC (the "Company")

Grant and release of shares under the Tesco PLC Performance Share Plan 2011 (the "PSP")

On 14 October 2020, Ken Murphy, Group Chief Executive, was granted an award over 82,614 Ordinary Shares of 5 pence each in the Company under the rules of the PSP. The number of shares awarded have been calculated using a market price of 217.88 pence per share.

The shares have been awarded to compensate Ken on a like for like basis for payments forfeited from his previous employment. 

The award vested immediately and 82,614 shares were released to Ken on 14 October 2020.  Of these, 38,829 shares have been withheld to cover Income Tax and National Insurance Contributions due on release. The net shares have been transferred to Ken and must be retained under the Company's Shareholding Policy.

The share price on release was 221.5 pence per share.

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	Ken Murphy
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 shares under the rules of the Tesco PLC Performance Share Plan 2011
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £ 2.1788	Volume(s) 82,614
e)	Aggregated information - Aggregated Volume - Aggregated Price - Aggregated Total	82,614 £ 2.1788 £179,999.38
f)	Date of the transaction	2020-10-14
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Ken Murphy
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	Release of shares from an award granted under the rules of the Tesco PLC Performance Share Plan 2011 on 14 October 2020
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £ 2.215	Volume(s) 82,614
e)	Aggregated information - Aggregated Volume - Aggregated Price - Aggregated Total	82,614 £ 2.215 £182,990.01
f)	Date of the transaction	2020-10-14
g)	Place of the transaction	Outside a trading venue

 

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