Director/PDMR Shareholding

RNS Number : 6517E
Tesco PLC
05 July 2019
 

PDMR SHAREHOLDING

5 July 2019

Tesco PLC (the "Company")

 

Exercise of nil-cost options under the Tesco PLC Performance Share Plan 2011 (the "PSP") and Tesco PLC Long Term Incentive Plan 2015 (the "LTIP")

 

On 4 July 2019, Adrian Morris, a member of the Company's Executive Committee, exercised nil-cost options over 454,464 Ordinary Shares of 5 pence each in the Company from awards granted under the rules of the PSP and LTIP as set out below:

 

Shares Plan

Grant Date

No. of shares under option

PSP

03/10/2012

86,263

PSP

14/05/2014

80,055

PSP

19/02/2015

40,285

PSP

20/07/2015

152,936

LTIP

20/07/2015

94,925

Total


454,464

 

This represents the gross number of shares exercised.  A proportion of the shares exercised have been retained 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 234.90 pence per share.

 

Sale of Ordinary shares

 

The Company has been notified that Adrian Morris, a member of the Company's Executive Committee sold 286,301 Ordinary shares of 5 pence each in the Company as set out below:

 

Source of shares

No. of shares sold

Sale price (pence per share)

Date of sale

Corporate sponsored nominee

45,436

235.363

4 July 2019

Net shares from option exercises

240,865

235.363

4 July 2019

Total

286,301



 

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

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

Exercise of nil-cost options under the rules of the Tesco PLC Performance Share Plan 2011 and Tesco PLC Long Term Incentive Plan 2015

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£2.3490

Volume(s)

454,464

e)

Aggregated information

- Aggregated Volume

- Aggregated Price

- Aggregated Total

 

454,464

£2.3490

£1,067,535.94

f)

Date of the transaction

2019-07-04

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

Sale of Ordinary shares

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£2.35363

Volume(s)

286,301

e)

Aggregated information

- Aggregated Volume

- Aggregated Price

- Aggregated Total

 

286,301

£2.35363

£673,846.62

f)

Date of the transaction

2019-07-04

g)

Place of the transaction

London Stock Exchange, Main Market (XLON)

 


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