Director/PDMR Shareholding

RNS Number : 3134D

Tesco PLC

28 June 2021

 

PDMR SHAREHOLDING

28 June 2021

Tesco PLC (the "Company")

Grant of Awards under the Tesco PLC Long-Term Incentive Plan 2021 (the "LTIP")

On 25 June 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 LTIP, the number of shares being calculated using a market price of 223.58 pence per share.

PDMR	Number of Shares subject to award
Ken Murphy	1,811,432
Imran Nawaz	860,989
Natasha Adams	493,917
Alessandra Bellini	576,236
Guus Dekkers	520,283
Christine Heffernan	332,095
Tony Hoggett	659,160
Gerry Mallon	480,103
Adrian Morris	514,497
Ashwin Prasad	452,858
Matt Simister	518,270
Jason Tarry	684,318
Andrew Yaxley	553,493

The above awards have been made in the form of conditional shares which will vest on 25 June 2024 subject to the achievement of the Earnings Per Share and Free Cash Flow performance targets over the performance period, as outlined in the Directors' Remuneration Report of the Tesco PLC Annual Report and Financial Statements 2021. 

The vested shares will be subject to a post-vesting holding period of two years from the vesting date.

For any dividends paid in the period between the grant and vesting 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 Notification of Dealing Forms 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	Ken Murphy
2	Reason for the notification
a)	Position/status	Group Chief Executive 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 Long-Term Incentive Plan 2021
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.2358	Volume(s) 1,811,432
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	1,811,432 £2.2358 £4,049,999.67
f)	Date of the transaction	2021-06-25
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Imran Nawaz
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 6 1/3 pence each GB00BLGZ9862
b)	Nature of the transaction	Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.2358	Volume(s) 860,989
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	860,989 £2.2358 £1,924,999.21
f)	Date of the transaction	2021-06-25
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 6 1/3 pence each GB00BLGZ9862
b)	Nature of the transaction	Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.2358	Volume(s) 493,917
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	493,917 £2.2358 £1,104,299.63
f)	Date of the transaction	2021-06-25
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 Long-Term Incentive Plan 2021
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.2358	Volume(s) 576,236
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	576,236 £2.2358 £1,288,348.45
f)	Date of the transaction	2021-06-25
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 Long-Term Incentive Plan 2021
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.2358	Volume(s) 520,283
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	520,283 £2.2358 £1,163,248.73
f)	Date of the transaction	2021-06-25
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 Long-Term Incentive Plan 2021
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.2358	Volume(s) 332,095
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	332,095 £2.2358 £742,498.00
f)	Date of the transaction	2021-06-25
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 Long-Term Incentive Plan 2021
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.2358	Volume(s) 659,160
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	659,160 £2.2358 £1,473,749.93
f)	Date of the transaction	2021-06-25
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 6 1/3 pence each GB00BLGZ9862
b)	Nature of the transaction	Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.2358	Volume(s) 480,103
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	480,103 £2.2358 £1,073,414.29
f)	Date of the transaction	2021-06-25
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 6 1/3 pence each GB00BLGZ9862
b)	Nature of the transaction	Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.2358	Volume(s) 514,497
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	514,497 £2.2358 £1,150,312.39
f)	Date of the transaction	2021-06-25
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 6 1/3 pence each GB00BLGZ9862
b)	Nature of the transaction	Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.2358	Volume(s) 452,858
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	452,858 £2.2358 £1,012,499.92
f)	Date of the transaction	2021-06-25
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 6 1/3 pence each GB00BLGZ9862
b)	Nature of the transaction	Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.2358	Volume(s) 518,270
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	518,270 £2.2358 £1,158,748.07
f)	Date of the transaction	2021-06-25
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 6 1/3 pence each GB00BLGZ9862
b)	Nature of the transaction	Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.2358	Volume(s) 684,318
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	684,318 £2.2358 £1,529,998.18
f)	Date of the transaction	2021-06-25
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 6 1/3 pence each GB00BLGZ9862
b)	Nature of the transaction	Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.2358	Volume(s) 553,493
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	553,493 £2.2358 £1,237,499.65
f)	Date of the transaction	2021-06-25
g)	Place of the transaction	Outside a trading venue

 

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