Director/PDMR Shareholding

RNS Number : 4169S

Tesco PLC

15 November 2021

 

PDMR SHAREHOLDING

15 November 2021

Tesco PLC (the "Company")

Exercise of nil-cost options under the Tesco PLC Performance Share Plan 2011 (the "PSP") and Tesco PLC Group Bonus Plan (the "GBP")

On 12 November, Matthew Simister, a member of the Company's Executive Committee, exercised nil-cost options over 290,708 Ordinary Shares of 6 1/3 pence each in the Company from awards granted under the rules of the PSP and GBP as set out below:

Shares Plan	Grant Date	No. of shares under option
PSP	11/05/2017	138,210
GBP	11/05/2017	152,498
Total		290,708

This represents the gross number of shares exercised.  A proportion of the shares exercised have been retained to cover Income Tax and National Insurance Contributions due on exercise and the net shares were sold on exercise as detailed below.

The share price on exercise was 285.00 pence per share.

Sale of Ordinary shares

The Company has been notified that Matthew Simister, a member of the Company's Executive Committee, sold 154,074 Ordinary shares of 6 1/3 pence each in the Company as set out below:

Source of shares	No. of shares sold	Sale price (pence per share)	Date of sale
Net shares from option exercises	154,074	284.65	12 November 2021

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	Matthew 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	Exercise of nil-cost options under the rules of the Tesco PLC Performance Share Plan 2011 and Tesco PLC Group Bonus Plan
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.85	Volume(s) 290,708
e)	Aggregated information - Aggregated Volume - Aggregated Price - Aggregated Total	290,708 £2.85 £828,517.80
f)	Date of the transaction	2021-11-12
g)	Place of the transaction	Outside a trading venue

 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Matthew 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	Sale of Ordinary shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.8465	Volume(s) 154,074
e)	Aggregated information - Aggregated Volume - Aggregated Price - Aggregated Total	154,074 £2.8465 £438,571.64
f)	Date of the transaction	2021-11-12
g)	Place of the transaction	London Stock Exchange, Main Market (XLON)

 

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