Director/PDMR Shareholding

RNS Number : 6693Y

Tesco PLC

14 May 2021

 

PDMR SHAREHOLDING

14 May 2021

Tesco PLC (the "Company")

Release of shares from the Tesco PLC Group Bonus Plan (GBP)

On 13 May 2021, Christine Heffernan, a member of the Company's Executive Committee, received the following Ordinary shares of 6 1/3 pence each in the Company upon their release from a share award granted on 13 May 2019 under the rules of the GBP:

Name of PDMR	No. of shares released	No. of shares withheld	No. of net shares
Christine Heffernan	19,052	6,089	12,963

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 and the net shares have been transferred to Christine.

The share price on release was 227.4 pence per share.

The Notification of Dealing Form 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	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 Group Bonus Plan on 13 May 2019
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.274	Volume(s) 19,052
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	19,052 £2.274 £43,324.25
f)	Date of the transaction	2021-05-13
g)	Place of the transaction	Outside a trading venue

 

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