Director/PDMR Shareholding

Tesco PLC
24 April 2023
 

Director/PDMR SHAREHOLDINGS

24 April 2023

Tesco PLC (the "Company")

 

Tesco PLC Savings-Related Share Option Scheme

 

On 20 April 2023 the following member of the Company's Executive Committee exercised options over Ordinary shares of 6 1/3 pence each in the Company granted under the Tesco PLC Savings-Related Share Option Scheme at an option price of 219.00 pence per share as set out below: 

 

PDMR

 

Date of grant

Date of exercise

No. of shares exercised

Andrew Yaxley

13 November 2019

20 April 2023

8,219

 

 

Sale of Ordinary shares

 

The Company has been notified that on 20 April 2023, the following member of the Company's Executive Committee sold Ordinary shares of 6 1/3 pence each in the Company as set out below:

 

Name

No. of shares sold

Sale price

per share

Date of sale

Andrew Yaxley

8,219

£2.745

20 April 2023

 

 

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

 

On 21 April 2023, Gerry Mallon, a member of the Company's Executive Committee, was granted an award over 164,917 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 272.84 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: 07793 222569

LEI Number: 2138002P5RNKC5W2JZ46



 

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

Exercise of options granted under the Tesco PLC Savings-Related Share Option Scheme

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

 

£2.19

Volume(s)

 

8,219

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

8,219

 

£2.19

 

£17,996.61

f)

Date of the transaction

2023-04-20

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)

 

£2.745

Volume(s)

 

8,219

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

8,219

 

£2.745

 

£22,561.16

f)

Date of the transaction

2023-04-20

g)

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

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)

£2.7284

Volume(s)

164,917

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

164,917

£2.7284

£449,959.54

f)

Date of the transaction

2023-04-21

g)

Place of the transaction

Outside a trading venue

 

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END
 
 

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