Director/PDMR Shareholding

Tesco PLC
26 July 2023
 

26 July 2023

 

TESCO PLC

 

PDMR SHAREHOLDING

 

Exercise of nil-cost options under the Tesco PLC Performance Share Plan 2011 (the "PSP") and Tesco PLC Group Bonus Plan (the "GBP")

 

On 25 July 2023, Matt Simister, a member of the Company's Executive Committee, exercised nil-cost options over 3,612 Ordinary Shares of 6 pence each in the Company from awards granted on 11 May 2017 under the rules of the PSP and GBP as set out below.

 

Award name

Date of grant

Number of shares under option

Number of shares withheld for tax

Shares sold on exercise

GBP

11 May 2017

1,895

891

1,004

PSP 

11 May 2017

1,717

807

910

Total

 

3,612

1,698

1,914

 

This represents the gross number of shares exercised. As shown above, shares have been withheld to cover Income Tax and National Insurance Contributions due on exercise and the net shares were sold on exercise as detailed below.

 

The share price on exercise was 259.9701 pence per share.

 

Sale of Ordinary shares

 

On 24 July 2023, 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 Ordinary Shares sold

Price per Ordinary Share

Date of Sale

Matt Simister

53,926

£2.588842

24 July 2023

 

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

Matt Simister

2

Reason for the notification

a)

Position/status

CE CEO

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 6⅓ pence each

 

 

GB00BLGZ9862

b)

Nature of the transaction

Exercise of nil-cost options under the rules of the Tesco PLC Performance Share Plan 2011 and Tesco PLC Group Bonus Plan

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£2.599701

 

Volume(s)

3,612

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

3,612

£2.599701

£9,390.12

f)

Date of the transaction

2023-07-25

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

CE CEO

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 6⅓ pence each

 

 

GB00BLGZ9862

b)

Nature of the transaction

Sale of Ordinary Shares

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£2.599701

 

Volume(s)

1,914

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

1,914

£2.599701

£4,975.83

f)

Date of the transaction

2023-07-25

g)

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Matt Simister

2

Reason for the notification

a)

Position/status

CE CEO

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 6⅓ pence each

 

 

GB00BLGZ9862

b)

Nature of the transaction

Sale of Ordinary Shares

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£2.588842

 

Volume(s)

53,926

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

53,926

£2.588842

£139,605.89

f)

Date of the transaction

2023-07-24

g)

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 

Companies

Tesco (TSCO)
UK 100

Latest directors dealings