Director/PDMR Shareholding

RNS Number : 7574I

Tesco PLC

16 August 2021

 

PDMR SHAREHOLDING

16 August 2021

Tesco PLC (the "Company")

Release of shares from the Tesco PLC Performance Share Plan 2011 (PSP)

On 13 August 2021, Gerry Mallon, a member of the Company's Executive Committee, received 99,412 Ordinary shares of 6 1/3 pence each in the Company upon their release from a share award granted on 13 August 2018 under the rules of the PSP.

This represents the gross number of shares released including dividend equivalent shares which have accrued between grant and release.  Of those shares released, 47,718 shares have been withheld to cover Income Tax and National Insurance Contributions due on release. T he net shares have been transferred to Gerry and are subject to a post-vesting holding period until 13 August 2023.

The share price on release was 242.95 pence per share.

The Notification of Dealing Form 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	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	Release of shares awarded under the rules of the Tesco PLC Performance Share Plan 2011
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.4295	Volume(s) 99,412
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	99,412 £2.4295 £241,521.45
f)	Date of the transaction	2021-08-13
g)	Place of the transaction	Outside a trading venue

 

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