Director/PDMR Shareholding

Tesco PLC

04 July 2023

 

PDMR SHAREHOLDING

4 July 2023

Tesco PLC (the "Company")

Grant of Awards under the Tesco PLC Long-Term Incentive Plan 2021 (the "LTIP")

On 3 July 2023, the Executive Directors and members of the Company's Executive Committee listed below were granted awards over Ordinary Shares of 6 1/3 pence each in the Company under the LTIP.

PDMR	Number of Shares subject to award
Ken Murphy	1,557,113
Imran Nawaz	755,874
Natasha Adams	484,543
Alessandra Bellini	529,435
Guus Dekkers	489,157
Christine Heffernan	336,021
Gerry Mallon	274,169
Adrian Morris	484,543
Ashwin Prasad	560,035
Matthew Simister	493,772
Jason Tarry	633,512
Emma Taylor	403,225
Andrew Yaxley	544,534

The above awards have been made in the form of conditional shares which will vest on 3 July 2026 subject to the achievement of the Earnings Per Share, Free Cash Flow and ESG performance targets over the performance period, as outlined in the Directors' Remuneration Report of the Tesco PLC Annual Report and Financial Statements 2023. 

For the awards to Ken Murphy and Imran Nawaz, the vested shares will be subject to a post-vesting holding period of two years from the vesting date.

Except for the award to Gerry Mallon, the numbers of shares have been calculated using a market price of 251.10 pence per share.  For any dividends paid in the period between the grant and release of conditional shares, the number of shares in each case will be increased to reflect the dividends that would have accrued had they been reinvested in shares.

For CRDV banking regulatory purposes, the number of shares awarded to Gerry Mallon will not be increased to reflect any dividends paid to shareholders in the period between the grant and release of conditional shares.  However, a discount has been applied to the market price of 251.10 pence per share when calculating the number of shares under Gerry's award to reflect the absence of dividend equivalents during the vesting period.

On 3 July 2023, Ashwin Prasad, Chief Product Officer, was granted a conditional award over 248,904 Ordinary Shares of 6 1/3 pence each in the Company.  The number of shares awarded has been calculated using a market price of 251.10 pence per share and will vest on 31 October 2025 subject to the achievement of personal performance conditions over the vesting period and continuous employment.

Release of shares from the Tesco PLC Performance Share Plan 2011 (PSP)

On 3 July 2023, the members of the Company's Executive Committee listed below received the following Ordinary shares of 6 1/3 pence each in the Company upon their release from share awards granted on 3 July 2020 under the rules of the PSP:

Name of PDMR	No. of shares released	No. of shares withheld	No. of net shares
Natasha Adams	391,769	184,132	207,637
Alessandra Bellini	446,435	209,825	236,610
Guus Dekkers	398,830	187,451	211,379
Christine Heffernan	250,549	117,759	132,790
Gerry Mallon	409,992	200,897	209,095
Adrian Morris	435,808	204,830	230,978
Ashwin Prasad	215,623	101,343	114,280
Matt Simister	455,546	214,107	241,439
Jason Tarry	578,545	271,917	306,628
Emma Taylor	157,920	74,223	83,697
Andrew Yaxley	455,546	214,107	241,439

The numbers of shares released represent the gross number of shares including dividend equivalent shares which have accrued between grant and release.  As shown above, shares have been withheld to cover Income Tax and National Insurance Contributions due on release.  The net shares have been transferred to the PDMRs and are subject to a post-vesting holding period until 3 July 2025.

On 3 July 2023, Gerry Mallon, a member of the Company's Executive Committee, received 17,484 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, 8,568 shares have been withheld to cover Income Tax and National Insurance Contributions due on release. The 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 252.00 pence per share.

Release of shares granted under Listing Rule 9.4.2

On 3 July 2023, Imran Nawaz, an Executive Director, received 160,710 Ordinary shares of 6 1/3 pence each in the Company upon their release from Tranche 5 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, 75,534 shares have been withheld to cover Income Tax and National Insurance Contributions due on release. The 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 2020 Performance Share Plan award. 

The share price on release was 252.00 pence per share.

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: [phone]

LEI Number: 2138002P5RNKC5W2JZ46

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Ken Murphy
2	Reason for the notification
a)	Position/status	Group Chief Executive 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	Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.511	Volume(s) 1,557,113
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	1,557,113 £2.511 £3,909,910.74
f)	Date of the transaction	2023-07-03
g)	Place of the transaction	Outside a trading venue

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	Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.511	Volume(s) 755,874
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	755,874 £2.511 £1,897,999.61
f)	Date of the transaction	2023-07-03
g)	Place of the transaction	Outside a trading venue

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	Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.511	Volume(s) 484,543
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	484,543 £2.511 £1,216,687.47
f)	Date of the transaction	2023-07-03
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 6 1/3 pence each GB00BLGZ9862
b)	Nature of the transaction	Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.511	Volume(s) 529,435
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	529,435 £2.511 £1,329,411.29
f)	Date of the transaction	2023-07-03
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Guus Dekkers
2	Reason for the notification
a)	Position/status	Chief Technology 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	Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.511	Volume(s) 489,157
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	489,157 £2.511 £1,228,273.23
f)	Date of the transaction	2023-07-03
g)	Place of the transaction	Outside a trading venue

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 6 1/3 pence each GB00BLGZ9862
b)	Nature of the transaction	Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.511	Volume(s) 336,021
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	336,021 £2.511 £843,748.73
f)	Date of the transaction	2023-07-03
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	Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.511	Volume(s) 274,169
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	274,169 £2.511 £668,438.36
f)	Date of the transaction	2023-07-03
g)	Place of the transaction	Outside a trading venue

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 6 1/3 pence each GB00BLGZ9862
b)	Nature of the transaction	Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.511	Volume(s) 484,543
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	484,543 £2.511 £1,216,687.47
f)	Date of the transaction	2023-07-03
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Ashwin Prasad
2	Reason for the notification
a)	Position/status	Chief Product 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	Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.511	Volume(s) 560,035
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	560,035 £2.511 £1,406,247.89
f)	Date of the transaction	2023-07-03
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Ashwin Prasad
2	Reason for the notification
a)	Position/status	Chief Product 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	Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.511	Volume(s) 248,904
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	248,904 £2.511 £624,997.94
f)	Date of the transaction	2023-07-03
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Matt 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	Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.511	Volume(s) 493,772
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	493,772 £2.511 £1,239,861.49
f)	Date of the transaction	2023-07-03
g)	Place of the transaction	Outside a trading venue

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 and 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	Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.511	Volume(s) 633,512
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	633,512 £2.511 £1,590,748.63
f)	Date of the transaction	2023-07-03
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Emma Taylor
2	Reason for the notification
a)	Position/status	Chief People 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	Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.511	Volume(s) 403,225
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	403,225 £2.511 £1,012,497.98
f)	Date of the transaction	2023-07-03
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Andrew Yaxley
2	Reason for the notification
a)	Position/status	CEO, Booker
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	Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.511	Volume(s) 544,534
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	544,534 £2.511 £1,367,324.87
f)	Date of the transaction	2023-07-03
g)	Place of the transaction	Outside a trading venue

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	Release of shares from awards granted under the rules of the Tesco PLC Performance Share Plan 2011 (PSP) on 3 July 2020
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.520	Volume(s) 391,769
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	391,769 £2.520 £987,257.88
f)	Date of the transaction	2023-07-03
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 6 1/3 pence each GB00BLGZ9862
b)	Nature of the transaction	Release of shares from awards granted under the rules of the Tesco PLC Performance Share Plan 2011 (PSP) on 3 July 2020
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.520	Volume(s) 446,435
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	446,435 £2.520 £1,125,016.20
f)	Date of the transaction	2023-07-03
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Guus Dekkers
2	Reason for the notification
a)	Position/status	Chief Technology 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 from awards granted under the rules of the Tesco PLC Performance Share Plan 2011 (PSP) on 3 July 2020
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.520	Volume(s) 398,830
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	398,830 £2.520 £1,005,051.60
f)	Date of the transaction	2023-07-03
g)	Place of the transaction	Outside a trading venue

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 6 1/3 pence each GB00BLGZ9862
b)	Nature of the transaction	Release of shares from awards granted under the rules of the Tesco PLC Performance Share Plan 2011 (PSP) on 3 July 2020
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.520	Volume(s) 250,549
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	250,549 £2.520 £631,383.48
f)	Date of the transaction	2023-07-03
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 from awards granted under the rules of the Tesco PLC Performance Share Plan 2011 (PSP) on 3 July 2020
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.520	Volume(s) 409,992
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	409,992 £2.520 £1,033,179.84
f)	Date of the transaction	2023-07-03
g)	Place of the transaction	Outside a trading venue

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 6 1/3 pence each GB00BLGZ9862
b)	Nature of the transaction	Release of shares from awards granted under the rules of the Tesco PLC Performance Share Plan 2011 (PSP) on 3 July 2020
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.520	Volume(s) 435,808
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	435,808 £2.520 £1,098,236.16
f)	Date of the transaction	2023-07-03
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Ashwin Prasad
2	Reason for the notification
a)	Position/status	Chief Product 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 from awards granted under the rules of the Tesco PLC Performance Share Plan 2011 (PSP) on 3 July 2020
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.520	Volume(s) 215,623
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	215,623 £2.520 £543,369.96
f)	Date of the transaction	2023-07-03
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Matt 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	Release of shares from awards granted under the rules of the Tesco PLC Performance Share Plan 2011 (PSP) on 3 July 2020
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.520	Volume(s) 455,546
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	455,546 £2.520 £1,147,975.92
f)	Date of the transaction	2023-07-03
g)	Place of the transaction	Outside a trading venue

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 and 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	Release of shares from awards granted under the rules of the Tesco PLC Performance Share Plan 2011 (PSP) on 3 July 2020
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.520	Volume(s) 578,545
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	578,545 £2.520 £1,457,933.40
f)	Date of the transaction	2023-07-03
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Emma Taylor
2	Reason for the notification
a)	Position/status	Chief People 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 from awards granted under the rules of the Tesco PLC Performance Share Plan 2011 (PSP) on 3 July 2020
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.520	Volume(s) 157,920
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	157,920 £2.520 £397,958.40
f)	Date of the transaction	2023-07-03
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Andrew Yaxley
2	Reason for the notification
a)	Position/status	CEO Booker
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 from awards granted under the rules of the Tesco PLC Performance Share Plan 2011 (PSP) on 3 July 2020
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.520	Volume(s) 455,546
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	455,546 £2.520 £1,147,975.92
f)	Date of the transaction	2023-07-03
g)	Place of the transaction	Outside a trading venue

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 granted under a Listing Rule 9.4.2 arrangement
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.520	Volume(s) 160,710
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	160,710 £2.520 £404,989.20
f)	Date of the transaction	2023-07-03
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 from awards granted under the rules of the Tesco PLC Performance Share Plan 2011 (PSP) on 13 August 2018
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.520	Volume(s) 17,484
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	17,484 £2.520 £44,059.68
f)	Date of the transaction	2023-07-03
g)	Place of the transaction	Outside a trading venue

 

END