Director/PDMR Shareholding

RNS Number : 6238N
Tesco PLC
10 May 2018
 

PDMR SHAREHOLDING

10 May 2018

 

Tesco PLC (the "Company")

 

Grant of Awards under the Tesco PLC 2014 Executive Incentive Plan (the "EIP") and the Tesco PLC Group Bonus Plan (the "GBP")

 

On 9 May 2018, the persons listed below were granted awards over Ordinary Shares of 5 pence each in the Company under the EIP and GBP, the number of shares being calculated using a market price of 238.26 pence per share.

 

The awards have been granted in respect of the annual deferred bonus for the 2017/18 Financial Year. 

 

PDMR

Number of Shares subject to award (EIP)

Dave Lewis

477,485

Alan Stewart

261,808



PDMR

Number of Shares subject to award (GBP)

Alessandra Bellini

68,026

Tony Hoggett

154,612

Alison Horner

146,822

Jane Lawrie

84,300

Adrian Morris

148,403

Matt Simister

135,003

Jason Tarry

167,967

 

The above awards have been made in the form of conditional shares which will vest and be released on 9 May 2021, subject to continuous employment.

 

The number of conditional shares in each case will be increased to reflect the dividends that would have accrued in the period between grant and vesting had they been reinvested in shares.

 

The conditional shares granted under the EIP and GBP contribute towards the shareholding guidelines for Executive Directors and Executive Committee members which are set out in the Directors' Remuneration Report of the Tesco PLC Annual Report and Financial Statements 2018 ("Directors' Remuneration Report"). 

The Notification of Dealing Forms can be found below.  This announcement is made in accordance with Article 19 of the EU 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: 07793 222569

LEI Number: 2138002P5RNKC5W2JZ46

 


1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Dave Lewis

2

Reason for the notification

a)

Position/status

Group Chief Executive

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 5 pence each

 

 

GB0008847096

b)

Nature of the transaction

Grant of conditional shares under the rules of the Tesco PLC 2014 Executive Incentive Plan

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£2.3826

Volume(s)

477,485

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

477,485

£2.3826

£1,137,655.76

f)

Date of the transaction

2018-05-09

g)

Place of the transaction

Outside a trading venue



 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Alan Stewart

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 5 pence each

 

 

GB0008847096

b)

Nature of the transaction

Grant of conditional shares under the rules of the Tesco PLC 2014 Executive Incentive Plan

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£2.3826

Volume(s)

261,808

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

261,808

£2.3826

£623,783.74

f)

Date of the transaction

2018-05-09

g)

Place of the transaction

Outside a trading venue



 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Alessandra Bellini

2

Reason for the notification

a)

Position/status

Chief Customer 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 5 pence each

 

 

GB0008847096

b)

Nature of the transaction

Grant of conditional shares under the rules of the Tesco PLC Group Bonus Plan

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£2.3826

Volume(s)

68,026

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

68,026

£2.3826

£162,078.75

f)

Date of the transaction

2018-05-09

g)

Place of the transaction

Outside a trading venue



 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Tony Hoggett

2

Reason for the notification

a)

Position/status

CEO Asia

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 5 pence each

 

 

GB0008847096

b)

Nature of the transaction

Grant of conditional shares under the rules of the Tesco PLC Group Bonus Plan

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£2.3826

Volume(s)

154,612

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

154,612

£2.3826

£368,378.55

f)

Date of the transaction

2018-05-09

g)

Place of the transaction

Outside a trading venue



 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Alison Horner

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 5 pence each

 

 

GB0008847096

b)

Nature of the transaction

Grant of conditional shares under the rules of the Tesco PLC Group Bonus Plan

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£2.3826

Volume(s)

146,822

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

146,822

£2.3826

£349,818.10

f)

Date of the transaction

2018-05-09

g)

Place of the transaction

Outside a trading venue



 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Jane Lawrie

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 5 pence each

 

 

GB0008847096

b)

Nature of the transaction

Grant of conditional shares under the rules of the Tesco PLC Group Bonus Plan

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£2.3826

Volume(s)

84,300

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

84,300

£2.3826

£200,853.18

f)

Date of the transaction

2018-05-09

g)

Place of the transaction

Outside a trading venue



 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Adrian Morris

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 5 pence each

 

 

GB0008847096

b)

Nature of the transaction

Grant of conditional shares under the rules of the Tesco PLC Group Bonus Plan

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£2.3826

Volume(s)

148,403

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

148,403

£2.3826

£353,584.99

f)

Date of the transaction

2018-05-09

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 5 pence each

 

 

GB0008847096

b)

Nature of the transaction

Grant of conditional shares under the rules of the Tesco PLC Group Bonus Plan

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£2.3826

Volume(s)

135,003

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

135,003

£2.3826

£321,658.15

f)

Date of the transaction

2018-05-09

g)

Place of the transaction

Outside a trading venue



 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Jason Tarry

2

Reason for the notification

a)

Position/status

Chief Product 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 5 pence each

 

 

GB0008847096

b)

Nature of the transaction

Grant of conditional shares under the rules of the Tesco PLC Group Bonus Plan

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£2.3826

Volume(s)

167,967

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

167,967

£2.3826

£400,198.17

f)

Date of the transaction

2018-05-09

g)

Place of the transaction

Outside a trading venue

 


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