Director/PDMR Shareholding

Tesco PLC

12 November 2024

 

PDMR SHAREHOLDING

12 November 2024

Tesco PLC (the "Company")

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

On 11 November 2024, 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.

Name of PDMR	No. of shares subject to award
Kay Majid	131,668

The above awards have been made in the form of conditional shares which will vest on 24 June 2027 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 2024. 

The numbers of shares have been calculated using a market price of 308.54 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.

The Notification of Dealing Form 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	Kay Majid
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) £3.0854	Volume(s) 131,668
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	131,668 £3.0854 £406,248.45
f)	Date of the transaction	2024-11-11
g)	Place of the transaction	Outside a trading venue

 

END