Director/PDMR Shareholding

RNS Number : 9708Y

Tesco PLC

18 May 2021

 

PDMR SHAREHOLDING

18 May 2021

Tesco PLC (the "Company")

Grant of Awards under the Tesco PLC Deferred Bonus Plan 2019 (DBP)

On 17 May 2021, the members of the Company's Executive Committee listed below were granted awards over Ordinary Shares of 6 1/3 pence each in the Company under the DBP, the number of shares being calculated using a market price of 227.88 pence per share.

Name of PDMR	No. of shares subject to award
Natasha Adams	105,318
Alessandra Bellini	122,871
Guus Dekkers	103,124
Christine Heffernan	66,921
Tony Hoggett	143,715
Adrian Morris	109,706
Ashwin Prasad	74,544
Matt Simister	112,998
Jason Tarry	149,201
Andrew Yaxley	116,669

The above awards have been made in the form of conditional shares which will vest and be released on 17 May 2024. subject to continuous employment. 

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 deferred bonus for the 2020/21 Financial Year. 

The shares awarded contribute towards the shareholding guidelines for Executive Committee members which are set out in the Directors' Remuneration Report of the Tesco PLC Annual Report and Financial Statements 2021. 

The Notification of Dealing Forms for each PDMR can be found below.  This announcement is made in accordance with the UK Market Abuse Regulation (Regulation (EU) 596/2014, as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018). 

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	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 6 1/3 pence each GB00BLGZ9862
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) £2.2788	Volume(s) 105,318
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	105,318 £2.2788 £239,998.66
f)	Date of the transaction	2021-05-17
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 6 1/3 pence each GB00BLGZ9862
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) £2.2788	Volume(s) 122,871
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	122,871 £2.2788 £279,998.43
f)	Date of the transaction	2021-05-17
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Guus Dekkers
2	Reason for the notification
a)	Position/status	Chief Technology 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 6 1/3 pence each GB00BLGZ9862
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) £2.2788	Volume(s) 103,124
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	103,124 £2.2788 £234,998.97
f)	Date of the transaction	2021-05-17
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 6 1/3 pence each GB00BLGZ9862
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) £2.2788	Volume(s) 66,921
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	66,921 £2.2788 £152,499.57
f)	Date of the transaction	2021-05-17
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	Chief Strategy and Innovation 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 6 1/3 pence each GB00BLGZ9862
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) £2.2788	Volume(s) 143,715
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	143,715 £2.2788 £327,497.74
f)	Date of the transaction	2021-05-17
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) £2.2788	Volume(s) 109,706
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	109,706 £2.2788 £249,998.03
f)	Date of the transaction	2021-05-17
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Ashwin Prasad
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) £2.2788	Volume(s) 74,544
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	74,544 £2.2788 £169,870.87
f)	Date of the transaction	2021-05-17
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) £2.2788	Volume(s) 112,998
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	112,998 £2.2788 £257,499.84
f)	Date of the transaction	2021-05-17
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) £2.2788	Volume(s) 149,201
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	149,201 £2.2788 £339,999.24
f)	Date of the transaction	2021-05-17
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	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) £2.2788	Volume(s) 116,669
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	116,669 £2.2788 £265,865.32
f)	Date of the transaction	2021-05-17
g)	Place of the transaction	Outside a trading venue

 

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