Director/PDMR Shareholding

RNS Number : 4431T

Tesco PLC

03 July 2018

 

3 July 2018

Tesco PLC

DIRECTOR SHAREHOLDINGS

Tesco PLC (the "Company") announces that it has been notified of the following transactions undertaken by Directors of the Company:

Exercise of Nil Cost Option

On 2 July 2018, Charles Wilson, CEO UK and ROI, received 1,500,647 Ordinary shares of 5 pence each in the Company upon the exercise of a nil cost option granted under the rules of the Booker Group plc Performance Share Plan 2008. 

The nil cost option was granted on 3 July 2008 as a nil cost option over 1.4 million Booker Group plc ordinary shares which Mr Wilson released in consideration for a nil cost option over 1,500,647 Ordinary Shares of 5 pence each in Company granted on 6 March 2018, following the completion of the merger of the Company and Booker Group plc.

The nil cost option was due to expire on 3 July 2018, the tenth anniversary of the original grant date.

The number of shares received represent the gross number of shares exercised.  Mr Wilson has paid the Income Tax and National Insurance Contributions due on exercise using his own funds and the shares have been transferred to him.

The share price on exercise was 256.10 pence per share.

Dividend Reinvestment

The following transaction was undertaken by a Director of the Company in American Depositary Receipts (ADRs) in the Company as set out below:

Name of Director	Transaction	Number of ADRs acquired	Purchase price per ADR	Date acquired
Deanna Oppenheimer	Dividend reinvestment	283	US$10.16	29 June 2018

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	Charles Wilson
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 5 pence each GB0008847096
b)	Nature of the transaction	Exercise of a nil cost option granted under the rules of the Booker Group plc Performance Share Plan 2008
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £ 2.561	Volume(s) 1,500,647
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	1,500,647 £2.561 £3,843,156.97
f)	Date of the transaction	2018-07-02
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Deanna Oppenheimer
2	Reason for the notification
a)	Position/status	Director (Non-executive 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	American Depositary Receipts (each American Depositary Receipt is equivalent to three Ordinary shares of 5 pence each in Tesco PLC) ISIN: US8815753020
b)	Nature of the transaction	Dividend reinvestment in American Depositary Receipts
c)	Currency	USD
d)	Price(s) and volume(s)	Price(s) US$10.16	Volume(s) 283
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	283 US$10.16 US$2,875.28
f)	Date of the transaction	2018-06-29
g)	Place of the transaction	United States (OTC)

 

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