Director/PDMR Shareholding

RNS Number : 9890P
Tesco PLC
23 June 2022
 

DIRECTOR/PDMR SHAREHOLDING

23 June 2022

Tesco PLC

 

Sale of Shares

Tesco PLC (the "Company") has been notified that on 23 June 2022, the following member of the Company's Executive Committee sold Ordinary shares of 6⅓ pence each in the Company as set out below:

 

Name

Number of shares sold

Sale price per Ordinary share

Date of sale

Natasha Adams

144,372

£2.47501

23 June 2022

Greig Adams*

144,372

£2.47456

23 June 2022

*Person closely associated

 

Release of shares granted under Listing Rule 9.4.2

On 21 June 2022, Imran Nawaz, an Executive Director , received 306,266 Ordinary shares of  6⅓ pence each in the Company upon their release from Tranche 4 of his buyout award granted under a Listing Rule 9.4.2 arrangement on 4 May 2021 (see announcement made on 6 May 2021).

 

This represents the gross number of shares released.  Of those shares released, 147,774 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 a post-vesting holding period until 31 March 2024.

 

The number of shares released has been determined by the vesting level of the Tate and Lyle PLC 2019 Performance Share Plan award. 

 

The share price on release was 249.8 pence per share.

 

The Notification of Dealing Forms 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

Natasha Adams

2

Reason for the notification

a)

Position/status

CEO ROI

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)

£2.47501

 

£2.47456

Volume(s)

144,372

144,372

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

144,372

 

£2.47501

 

£357,322.14

 

144,372

 

£2.47456

 

£357,257.18

f)

Date of the transaction

2022-06-23

g)

Place of the transaction

London Stock Exchange, Main Market (XLON) 



 

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)

£2.498

Volume(s)

306,266

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

306,266

 

£2.498

 

£765,052.47

f)

Date of the transaction

2022-06-21

g)

Place of the transaction

Outside a trading venue

 

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