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Tesco PLC — Director's Dealing 2017
May 12, 2017
4605_dirs_2017-05-12_a234e14d-e36b-44c3-b867-a0c234b606de.html
Director's Dealing
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RNS Number : 9675E
Tesco PLC
12 May 2017
PDMR SHAREHOLDING
12 May 2017
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 11 May 2017, 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 180.00 pence per share.
The awards have been granted in respect of the annual deferred bonus for the 2016/17 Financial Year.
| PDMR | Number of Shares subject to award (EIP) |
| Dave Lewis | 655,815 |
| Alan Stewart | 347,906 |
| PDMR | Number of Shares subject to award (GBP) |
| Matt Davies | 280,425 |
| Tony Hoggett | 202,814 |
| Alison Horner | 194,259 |
| Jane Lawrie | 46,252 |
| Adrian Morris | 209,670 |
| Matt Simister | 134,843 |
| Jason Tarry | 226,355 |
The above awards have been made in the form of nil cost options which will become exercisable on 11 May 2020, subject to continuous employment. Payment of the bonus for Benny Higgins has been deferred until the conclusion of the regulatory review into last year's fraud incident at Tesco Bank.
In the event that dividends are paid in the period between grant and exercise of nil cost options, the number of shares in each case will be increased to reflect the dividends that would have accrued had they been reinvested in shares.
The nil cost options 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 2017 ("Directors' Remuneration Report").
Grant of Awards under the Tesco PLC Performance Share Plan 2011 (the "PSP")
On 11 May 2017, the persons listed below were granted awards over Ordinary Shares of 5 pence each in the Company under the PSP, the number of shares being calculated using a market price of 180.00 pence per share.
| PDMR | Number of Shares subject to award (PSP) |
| Dave Lewis | 1,909,722 |
| Alan Stewart | 1,041,666 |
| Alessandra Bellini | 500,000 |
| Matt Davies | 843,750 |
| Benny Higgins | 970,593 |
| Tony Hoggett | 706,250 |
| Alison Horner | 634,375 |
| Jane Lawrie | 362,500 |
| Adrian Morris | 597,918 |
| Matt Simister | 562,500 |
| Jason Tarry | 718,750 |
The above awards have been made in the form of nil cost options with the exception of the award to Alessandra Bellini which has been made in the form of conditional shares.
The nil cost options will become exercisable, and the conditional shares will vest and be released, on 11 May 2020, subject to the achievement of the relative Total Shareholder Return, Cumulative Retail Cash Generated from Operations and Key Stakeholder performance targets over the performance period, as outlined in the Directors' Remuneration Report.
In the event that dividends are paid in the period between grant and exercise of nil cost options, or the grant and release of conditional shares, the number of shares in each case will be increased to reflect the dividends that would have accrued had they been reinvested in shares.
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
| 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 nil cost options under the rules of the Tesco PLC Performance Share Plan 2011 | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £1.80 |
Volume(s) 1,909,722 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
1,909,722 £1.80 £3,437,499.60 |
|
| f) | Date of the transaction | 2017-05-11 | |
| g) | Place of the transaction | Outside a trading venue |
| 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 nil cost options under the rules of the Tesco PLC 2014 Executive Incentive Plan | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £1.80 |
Volume(s) 655,815 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
655,815 £1.80 £1,180,467.00 |
|
| f) | Date of the transaction | 2017-05-11 | |
| 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 nil cost options under the rules of the Tesco PLC Performance Share Plan 2011 | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £1.80 |
Volume(s) 1,041,666 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
1,041,666 £1.80 £1,874,998.80 |
|
| f) | Date of the transaction | 2017-05-11 | |
| 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 nil cost options under the rules of the Tesco PLC 2014 Executive Incentive Plan | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £1.80 |
Volume(s) 347,906 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
347,906 £1.80 £626,230.80 |
|
| f) | Date of the transaction | 2017-05-11 | |
| 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 Performance Share Plan 2011 | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £1.80 |
Volume(s) 500,000 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
500,000 £1.80 £900,000 |
|
| f) | Date of the transaction | 2017-05-11 | |
| g) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Matt Davies | |
| 2 | Reason for the notification | ||
| a) | Position/status | UK & ROI 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 5 pence each GB0008847096 |
|
| b) | Nature of the transaction | Grant of nil cost options under the rules of the Tesco PLC Performance Share Plan 2011 | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £1.80 |
Volume(s) 843,750 |
| e) | Aggregated information - Aggregated Volume - Aggregated Price - Aggregated Total |
843,750 £1.80 £1,518,750.00 |
|
| f) | Date of the transaction | 2017-05-11 | |
| g) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Matt Davies | |
| 2 | Reason for the notification | ||
| a) | Position/status | UK & ROI 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 5 pence each GB0008847096 |
|
| b) | Nature of the transaction | Grant of nil cost options under the rules of the Tesco PLC Group Bonus Plan | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £1.80 |
Volume(s) 280,425 |
| e) | Aggregated information - Aggregated Volume - Aggregated Price - Aggregated Total |
280,425 £1.80 £504,765.00 |
|
| f) | Date of the transaction | 2017-05-11 | |
| g) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Benny Higgins | |
| 2 | Reason for the notification | ||
| a) | Position/status | CEO, Tesco Bank and Group Strategy 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 nil cost options under the rules of the Tesco PLC Performance Share Plan 2011 | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £1.80 |
Volume(s) 970,593 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
970,593 £1.80 £1,747,067.40 |
|
| f) | Date of the transaction | 2017-05-11 | |
| 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 nil cost options under the rules of the Tesco PLC Performance Share Plan 2011 | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £1.80 |
Volume(s) 706,250 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
706,250 £1.80 £1,271,250.00 |
|
| f) | Date of the transaction | 2017-05-11 | |
| 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 nil cost options under the rules of the Tesco PLC Group Bonus Plan | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £1.80 |
Volume(s) 202,814 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
202,814 £1.80 £365,065.20 |
|
| f) | Date of the transaction | 2017-05-11 | |
| 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 nil cost options under the rules of the Tesco PLC Performance Share Plan 2011 | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £1.80 |
Volume(s) 634,375 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
634,375 £1.80 £1,141,875.00 |
|
| f) | Date of the transaction | 2017-05-11 | |
| 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 nil cost options under the rules of the Tesco PLC Group Bonus Plan | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £1.80 |
Volume(s) 194,259 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
194,259 £1.80 £349,666.20 |
|
| f) | Date of the transaction | 2017-05-11 | |
| 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 nil cost options under the rules of the Tesco PLC Performance Share Plan 2011 | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £1.80 |
Volume(s) 362,500 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
362,500 £1.80 £652,500.00 |
|
| f) | Date of the transaction | 2017-05-11 | |
| 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 nil cost options under the rules of the Tesco PLC Group Bonus Plan | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £1.80 |
Volume(s) 46,252 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
46,252 £1.80 £83,253.60 |
|
| f) | Date of the transaction | 2017-05-11 | |
| 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 nil cost options under the rules of the Tesco PLC Performance Share Plan 2011 | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £1.80 |
Volume(s) 597,918 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
597,918 £1.80 £1,076,252.40 |
|
| f) | Date of the transaction | 2017-05-11 | |
| 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 nil cost options under the rules of the Tesco PLC Group Bonus Plan | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £1.80 |
Volume(s) 209,670 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
209,670 £1.80 £377,406.00 |
|
| f) | Date of the transaction | 2017-05-11 | |
| 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 nil cost options under the rules of the Tesco PLC Performance Share Plan 2011 | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £1.80 |
Volume(s) 562,500 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
562,500 £1.80 £1,012,500.00 |
|
| f) | Date of the transaction | 2017-05-11 | |
| 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 nil cost options under the rules of the Tesco PLC Group Bonus Plan | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £1.80 |
Volume(s) 134,843 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
134,843 £1.80 £242,717.40 |
|
| f) | Date of the transaction | 2017-05-11 | |
| 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 nil cost options under the rules of the Tesco PLC Performance Share Plan 2011 | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £1.80 |
Volume(s) 718,750 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
718,750 £1.80 £1,293,750.00 |
|
| f) | Date of the transaction | 2017-05-11 | |
| 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 nil cost options under the rules of the Tesco PLC Group Bonus Plan | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £1.80 |
Volume(s) 226,355 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
226,355 £1.80 £407,439.00 |
|
| f) | Date of the transaction | 2017-05-11 | |
| g) | Place of the transaction | Outside a trading venue |
This information is provided by RNS
The company news service from the London Stock Exchange
END
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