Director/PDMR Shareholding

RNS Number : 4267I

Tesco PLC

14 April 2022

 

PDMR SHAREHOLDING

14 April 2022

Tesco PLC (the "Company")

Release of shares granted under Listing Rule 9.4.2

On 13 April 2022, Imran Nawaz, an Executive Director , received 40,825 Ordinary shares of 6 1/3 pence each in the Company upon their release from Tranche 3 of his buyout award granted under a Listing Rule 9.4.2 arrangement on 4 May 2021 (see announcement made on 6 May 2021).

This represents the gross number of shares released including dividend equivalent shares which have accrued between grant and vesting.  Of those shares released, 19,699 shares have been withheld to cover Income Tax and National Insurance Contributions due on release. T he net shares have been transferred to Imran and must be retained under the Company's Shareholding Policy.

Release of shares under the Tesco PLC Performance Share Plan 2011

On 13 April 2022, Gerry Mallon, a member of the Company's Executive Committee, received 48,197 Ordinary shares of 6 1/3 pence each in the Company upon their release from share awards 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, 23,738 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 post-vesting holding period of six months.

The share price on release of the above awards was 265.20 pence per share.

The Notification of Dealing Form for each PDMR can be found below.  This announcement is made in accordance with Article 19 of the 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	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	Release of shares awarded under a Listing Rule 9.4.2 arrangement
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.652	Volume(s) 40,825
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	40,825 £2.652 £108,267.90
f)	Date of the transaction	2022-04-13
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	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) £2.652	Volume(s) 48,197
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	48,197 £2.652 £127,818.44
f)	Date of the transaction	2022-04-13
g)	Place of the transaction	Outside a trading venue

 

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