Director/PDMR Shareholding

Tesco PLC

25 May 2023

 

25 May 2023

Tesco PLC (the "Company")

PDMR SHAREHOLDING

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

On 23 May 2023, Adrian Morris, a member of the Company's Executive Committee, exercised nil-cost options over 1,114,907 Ordinary Shares of 6⅓ pence each in the Company from awards granted on 12 May 2016 and 11 May 2017 under the rules of the PSP and GBP as set out below.

Award name	Date of grant	Number of shares under option	Number of shares withheld for tax	Shares sold on exercise
GBP	12 May 2016	257,130	120,852	136,278
GBP	11 May 2017	258,275	121,390	136,885
PSP	12 May 2016	240,074	112,835	127,239
PSP	11 May 2017	359,428	168,932	190,496
Total		1,114,907	524,009	590,898

This represents the gross number of shares exercised.  As shown above, shares have been withheld 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 268.10 pence per share.

Sale of Ordinary shares

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

Name	Number of Ordinary Shares sold	Price per Ordinary Share	Date of Sale
Alessandra Bellini	161,923	£2.669350	23 May 2023
Christine Heffernan	175,000	£2.651	24 May 2023
Gerry Mallon	150,000	£2.666770	23 May 2023
Adrian Morris	590,898	£2.67965	23 May 2023
	143,711	£2.675310	23 May 2023
Jason Tarry	188,417	£2.67559	23 May 2023

The Notification of Dealing Form 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	Adrian Morris
2	Reason for the notification
a)	Position/status	Group General Counsel
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 6⅓ 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) £2.681	Volume(s) 1,114,907
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	1,114,907 £2.681 £2,989,065.67
f)	Date of the transaction	2023-05-23
g)	Place of the transaction	Outside a trading venue

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 6⅓ pence each GB00BLGZ9862
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.669350	Volume(s) 161,923
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	161,923 £2.669350 £432,229.16
f)	Date of the transaction	2023-05-23
g)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Christine Heffernan
2	Reason for the notification
a)	Position/status	Group Communications 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 6⅓ pence each GB00BLGZ9862
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.651	Volume(s) 175,000
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	175,000 £2.651 £463,925
f)	Date of the transaction	2023-05-24
g)	Place of the transaction	London Stock Exchange, Main Market (XLON)

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 6⅓ pence each GB00BLGZ9862
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.666770	Volume(s) 150,000
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	150,000 £2.666770 £400,015.50
f)	Date of the transaction	2023-05-23
g)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Adrian Morris
2	Reason for the notification
a)	Position/status	Group General Counsel
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 6⅓ pence each GB00BLGZ9862
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.67965 £2.675310	Volume(s) 590,898 143,711
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	734,609 £2.679 £1,967,871.30
f)	Date of the transaction	2023-05-23
g)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Jason Tarry
2	Reason for the notification
a)	Position/status	CEO, UK & 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 6⅓ pence each GB00BLGZ9862
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.67559	Volume(s) 188,417
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	188,417 £2.67559 £504,126.64
f)	Date of the transaction	2023-05-23
g)	Place of the transaction	London Stock Exchange, Main Market (XLON)

 

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