Director/PDMR Shareholding

RNS Number : 6517E

Tesco PLC

05 July 2019

 

PDMR SHAREHOLDING

5 July 2019

Tesco PLC (the "Company")

Exercise of nil-cost options under the Tesco PLC Performance Share Plan 2011 (the "PSP") and Tesco PLC Long Term Incentive Plan 2015 (the "LTIP")

On 4 July 2019, Adrian Morris, a member of the Company's Executive Committee, exercised nil-cost options over 454,464 Ordinary Shares of 5 pence each in the Company from awards granted under the rules of the PSP and LTIP as set out below:

Shares Plan	Grant Date	No. of shares under option
PSP	03/10/2012	86,263
PSP	14/05/2014	80,055
PSP	19/02/2015	40,285
PSP	20/07/2015	152,936
LTIP	20/07/2015	94,925
Total		454,464

This represents the gross number of shares exercised.  A proportion of the shares exercised have been retained 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 234.90 pence per share.

Sale of Ordinary shares

The Company has been notified that Adrian Morris, a member of the Company's Executive Committee sold 286,301 Ordinary shares of 5 pence each in the Company as set out below:

Source of shares	No. of shares sold	Sale price (pence per share)	Date of sale
Corporate sponsored nominee	45,436	235.363	4 July 2019
Net shares from option exercises	240,865	235.363	4 July 2019
Total	286,301

The Notification of Dealing Forms can be found below.  This announcement is made in accordance with Article 19 of the EU 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	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 5 pence each GB0008847096
b)	Nature of the transaction	Exercise of nil-cost options under the rules of the Tesco PLC Performance Share Plan 2011 and Tesco PLC Long Term Incentive Plan 2015
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.3490	Volume(s) 454,464
e)	Aggregated information - Aggregated Volume - Aggregated Price - Aggregated Total	454,464 £2.3490 £1,067,535.94
f)	Date of the transaction	2019-07-04
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 5 pence each GB0008847096
b)	Nature of the transaction	Sale of Ordinary shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.35363	Volume(s) 286,301
e)	Aggregated information - Aggregated Volume - Aggregated Price - Aggregated Total	286,301 £2.35363 £673,846.62
f)	Date of the transaction	2019-07-04
g)	Place of the transaction	London Stock Exchange, Main Market (XLON)

 

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