Director/PDMR Shareholding

RNS Number : 2547R
Tesco PLC
04 July 2022
 

PDMR SHAREHOLDING

4 July 2022

Tesco PLC (the "Company")

 

1.  Release of shares under the Tesco PLC Performance Share Plan 2011

On 30 June 2022, Gerry Mallon, a member of the Company's Executive Committee, received 16,728 Ordinary shares of 6 1/3 pence each in the Company upon their release from a share award granted under the rules of the Tesco PLC Performance Share Plan 2011 on 13 August 2018.

 

This represents the gross number of shares released including dividend equivalent shares which have accrued between grant and vesting.  Of those shares released, 8,239 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 of six months.

 

The share price on release was 255.5 pence per share.

 

2.   Dividend Reinvestment Plan ("DRIP") 

The Company has been notified that the following PDMR acquired a further interest in the Company's shares as a result of their participation in the Company's DRIP directly or through a nominee service as set out below:

 

Name of PDMR

Number of shares

Price per share

Date acquired

Bertrand Bodson

1,310

£2.56061

27  June 2022

 

 

3.  Sale of Ordinary Shares of 6⅓ pence

The Company has been notified that the following member of the Company's Executive Committee sold Ordinary shares of 6⅓ pence each in the Company as set out below:

 

Name of PDMR

Number of shares

Price per share

Date of sale

Alessandra Bellini

321,426

£2.574

4 July 2022

 

 

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: 07793 222569

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)

£2.555

Volume(s)

16,728

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

16,728

 

£2.555

 

£42,740.04

f)

Date of the transaction

2022-06-30

g)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Bertrand Bodson

2

Reason for the notification

a)

Position/status

Non-executive 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

The acquisition of shares through the Company's Dividend Reinvestment Plan.

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£2.56061

Volume(s)

1,310

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

1,310

 

£2.56061

 

£3,354.40

f)

Date of the transaction

2022-06-27

g)

Place of the transaction

London Stock Exchange, Main Market (XLON)

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

Sale of Ordinary shares  

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£2.574

Volume(s)

321,426

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

321,426

 

£2.574

 

£827,350.52

f)

Date of the transaction

2022-07-04

g)

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

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