Director/PDMR Shareholding

Tesco PLC

01 November 2024

 

PDMR SHAREHOLDING

1 November 2024

Tesco PLC (the "Company")

Release of shares from the Tesco PLC Long-Term Incentive Plan 2015 (the "LTIP")

On 31 October 2024, the members of the Company's Executive Committee listed below received the following Ordinary shares of 6 1/3 pence each in the Company upon their release from share awards granted on 29 July 2021 under the rules of the LTIP:

Name of PDMR	No. of shares released	No. of shares withheld	No. of net shares
Natasha Adams	482,878	226,953	255,925
Guus Dekkers	508,654	239,068	269,586
Christine Heffernan	324,671	152,596	172,075
Ashwin Prasad	442,737	208,087	234,650
Matt Simister	506,687	238,143	268,544
Andrew Yaxley	541,121	254,327	286,794

Release of shares from the Tesco PLC Long-Term Incentive Plan 2021 (the "LTIP")

On 31 October 2024, the members of the Company's Executive Committee listed below received the following Ordinary shares of 6 1/3 pence each in the Company upon their release from share awards granted on 1 November 2021 under the rules of the LTIP:

Name of PDMR	No. of shares released	No. of shares withheld	No. of net shares
Kay Majid	73,957	34,760	39,197
Emma Taylor	115,630	54,347	61,283

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.  The net shares have been transferred to the PDMRs.

The share price on release was 342.20 pence per share.

Sale of Ordinary shares

Tesco PLC (the "Company") has been notified that on 31 October 2024, the following members of the Company's Executive Committee sold Ordinary shares of 6⅓ pence each in the Company as set out below:

Name of PDMR	Number of Ordinary shares sold	Price per Ordinary share	Date of sale
Natasha Adams	255,925	£3.404	31 October 2024
Guus Dekkers	269,586	£3.404	31 October 2024
Christine Heffernan	172,075	£3.404	31 October 2024
Kay Majid	39,197	£3.404	31 October 2024
Matt Simister	268,544	£3.404	31 October 2024
Andrew Yaxley	286,794	£3.404	31 October 2024

The Notification of Dealing Forms 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	Natasha Adams
2	Reason for the notification
a)	Position/status	CEO, Ireland and Northern Ireland
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 Long-Term Incentive Plan 2015 on 29 July 2021
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £3.422	Volume(s) 482,878
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	482,878 £3.422 £1,652,408.52
f)	Date of the transaction	2024-10-31
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Natasha Adams
2	Reason for the notification
a)	Position/status	CEO, Ireland and Northern Ireland
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	Sale of Ordinary shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £3.404	Volume(s) 255,925
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	255,925 £3.404 £871,168.70
f)	Date of the transaction	2024-10-31
g)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Guus Dekkers
2	Reason for the notification
a)	Position/status	Chief Technology 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 from awards granted under the rules of the Tesco PLC Long-Term Incentive Plan 2015 on 29 July 2021
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £3.422	Volume(s) 508,654
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	508,654 £3.422 £1,740,613.99
f)	Date of the transaction	2024-10-31
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Guus Dekkers
2	Reason for the notification
a)	Position/status	Chief Technology 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	Sale of Ordinary shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £3.404	Volume(s) 269,586
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	269,586 £3.404 £917,670.74
f)	Date of the transaction	2024-10-31
g)	Place of the transaction	London Stock Exchange, Main Market (XLON)

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 Long-Term Incentive Plan 2015 on 29 July 2021
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £3.422	Volume(s) 324,671
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	324,671 £3.422 £1,111,024.16
f)	Date of the transaction	2024-10-31
g)	Place of the transaction	Outside a trading venue

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	Sale of Ordinary shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £3.404	Volume(s) 172,075
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	172,075 £3.404 £585,743.30
f)	Date of the transaction	2024-10-31
g)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Ashwin Prasad
2	Reason for the notification
a)	Position/status	Chief Commercial 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 from awards granted under the rules of the Tesco PLC Long-Term Incentive Plan 2015 on 29 July 2021
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £3.422	Volume(s) 442,737
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	442,737 £3.422 £1,515,046.01
f)	Date of the transaction	2024-10-31
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Matt Simister
2	Reason for the notification
a)	Position/status	CEO, Central Europe
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 Long-Term Incentive Plan 2015 on 29 July 2021
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £3.422	Volume(s) 506,687
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	506,687 £3.422 £1,733,882.91
f)	Date of the transaction	2024-10-31
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Matt Simister
2	Reason for the notification
a)	Position/status	CEO, Central Europe
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	Sale of Ordinary shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £3.404	Volume(s) 268,544
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	268,544 £3.404 £914,123.78
f)	Date of the transaction	2024-10-31
g)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Andrew Yaxley
2	Reason for the notification
a)	Position/status	CEO, Booker
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 Long-Term Incentive Plan 2015 on 29 July 2021
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £3.422	Volume(s) 541,121
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	541,121 £3.422 £1,851,716.06
f)	Date of the transaction	2024-10-31
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Andrew Yaxley
2	Reason for the notification
a)	Position/status	CEO, Booker
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	Sale of Ordinary shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £3.404	Volume(s) 286,794
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	286,794 £3.404 £976,246.78
f)	Date of the transaction	2024-10-31
g)	Place of the transaction	London Stock Exchange, Main Market (XLON)

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	Release of shares from awards granted under the rules of the Tesco PLC Long-Term Incentive Plan 2021 on 1 November 2021
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £3.422	Volume(s) 73,957
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	73,957 £3.422 £253,080.85
f)	Date of the transaction	2024-10-31
g)	Place of the transaction	Outside a trading venue

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	Sale of Ordinary shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £3.404	Volume(s) 39,197
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	39,197 £3.404 £133,426.59
f)	Date of the transaction	2024-10-31
g)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Emma Taylor
2	Reason for the notification
a)	Position/status	Chief People 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 from awards granted under the rules of the Tesco PLC Long-Term Incentive Plan 2021 on 1 November 2021
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £3.422	Volume(s) 115,630
e)	Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total	115,630 £3.422 £395,685.86
f)	Date of the transaction	2024-10-31
g)	Place of the transaction	Outside a trading venue

 

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