Director/PDMR Shareholding

RNS Number : 5357C

Tesco PLC

21 June 2021

 

PDMR SHAREHOLDING

21 June 2021

Tesco PLC (the "Company")

Release of shares granted under Listing Rule 9.4.2

On 18 June 2021, Imran Nawaz, a member of the Company's Executive Committee, received 480,526 Ordinary shares of 6 1/3 pence each in the Company upon their release from Tranche 2 of his buyout award granted under a Listing Rule 9.4.2 arrangement on 4 May 2021.

This represents the gross number of shares released.  Of those shares released, 225,848 shares have been withheld to cover Income Tax and National Insurance Contributions due on release. T he net shares have been transferred to Imran and are subject to post-vesting holding period until 31 March 2023.

The number of shares released has been determined by the vesting level of the Tate and Lyle PLC 2018 Performance Share Plan award. 

The share price on release was 221.75 pence per share.

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	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 awarded under a Listing Rule 9.4.2 arrangement
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.2175	Volume(s) 480,526
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	480,526 £2.2175 £1,065,566.41
f)	Date of the transaction	2021-06-18
g)	Place of the transaction	Outside a trading venue

 

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