Director/PDMR Shareholding

RNS Number : 9890P

Tesco PLC

23 June 2022

 

DIRECTOR/PDMR SHAREHOLDING

23 June 2022

Tesco PLC

Sale of Shares

Tesco PLC (the "Company") has been notified that on 23 June 2022, the following member of the Company's Executive Committee sold Ordinary shares of 6⅓ pence each in the Company as set out below:

Name	Number of shares sold	Sale price per Ordinary share	Date of sale
Natasha Adams	144,372	£2.47501	23 June 2022
Greig Adams*	144,372	£2.47456	23 June 2022

*Person closely associated

Release of shares granted under Listing Rule 9.4.2

On 21 June 2022, Imran Nawaz, an Executive Director , received 306,266 Ordinary shares of  6⅓ pence each in the Company upon their release from Tranche 4 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.  Of those shares released, 147,774 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 are subject to a post-vesting holding period until 31 March 2024.

The number of shares released has been determined by the vesting level of the Tate and Lyle PLC 2019 Performance Share Plan award. 

The share price on release was 249.8 pence per share.

The Notification of Dealing Forms can be found below.  This announcement is made in accordance with Article 19 of the Market Abuse 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	Natasha Adams
2	Reason for the notification
a)	Position/status	CEO 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	Sale of Ordinary shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.47501 £2.47456	Volume(s) 144,372 144,372
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	144,372 £2.47501 £357,322.14	144,372 £2.47456 £357,257.18
f)	Date of the transaction	2022-06-23
g)	Place of the transaction	London Stock Exchange, Main Market (XLON)

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) £2.498	Volume(s) 306,266
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	306,266 £2.498 £765,052.47
f)	Date of the transaction	2022-06-21
g)	Place of the transaction	Outside a trading venue

 

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