Director/PDMR Shareholding

Tesco PLC

23 April 2024

 

Director/PDMR SHAREHOLDINGS

23 April 2024

Tesco PLC (the "Company")

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

On 22 April 2024, Gerry Mallon, a member of the Company's Executive Committee, was granted an award over 150,106 Ordinary Shares of 6 1/3 pence each in the Company under the LTIP.

The award has been made in the form of conditional shares which will vest on 22 April 2025 subject to the achievement of performance conditions over the vesting period. 

For CRDV banking regulatory purposes, the number of shares awarded will not be increased to reflect any dividends paid to shareholders in the period between the grant and vesting of conditional shares.  However, a discount has been applied to the market price of 282.68 pence per share when calculating the number of shares under the award to reflect the absence of dividend equivalents during the vesting period.

The Notification of Dealing Form can be found below.  This announcement is made in accordance with Article 19 of the Market Abuse 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	Gerry Mallon
2	Reason for the notification
a)	Position/status	Chief Executive, Tesco Bank
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) £2.8268	Volume(s) 150,106
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	150,106 £2.8268 £424,319.64
f)	Date of the transaction	2024-04-22
g)	Place of the transaction	Outside a trading venue

 

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