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Tesco PLC — Director's Dealing 2019
Jun 21, 2019
4605_dirs_2019-06-21_5458404f-9740-44cb-9bca-96686609ac77.html
Director's Dealing
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RNS Number : 9255C
Tesco PLC
21 June 2019
PDMR SHAREHOLDING
21 June 2019
Tesco PLC (the "Company")
Grant of Awards under the Tesco PLC Performance Share Plan 2011 (the "PSP")
On 20 June 2019, 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 230.28 pence per share.
| PDMR | Number of Shares subject to award |
| Dave Lewis | 1,492,747 |
| Alan Stewart | 895,648 |
| Natasha Adams | 390,828 |
| Alessandra Bellini | 449,452 |
| Christine Heffernan | 244,267 |
| Tony Hoggett | 610,669 |
| Alison Horner | 495,863 |
| Gerry Mallon | 439,682 |
| Adrian Morris | 467,367 |
| Matt Simister | 439,682 |
| Jason Tarry | 620,440 |
| Charles Wilson | 561,816 |
| Andrew Yaxley | 488,535 |
The above awards have been made in the form of conditional shares which will vest on 20 June 2022 subject to the achievement of the Earnings Per Share and Free Cash Flow performance targets over the performance period, as outlined in the Directors' Remuneration Report of the Tesco PLC Annual Report and Financial Statements 2019.
The vested shares will be subject to a post-vesting holding period of two years from the vesting date.
For any dividends paid in the period between the grant and vesting 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
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 Performance Share Plan 2011 | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £2.3028 |
Volume(s) 1,492,747 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
1,492,747 £2.3028 £3,437,497.79 |
|
| f) | Date of the transaction | 2019-06-20 | |
| 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 Performance Share Plan 2011 | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £2.3028 |
Volume(s) 895,648 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
895,648 £2.3028 £2,062,498.21 |
|
| f) | Date of the transaction | 2019-06-20 | |
| g) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Natasha Adams | |
| 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 Performance Share Plan 2011 | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £2.3028 |
Volume(s) 390,828 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
390,828 £2.3028 £899,998.72 |
|
| f) | Date of the transaction | 2019-06-20 | |
| 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) £2.3028 |
Volume(s) 449,452 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
449,452 £2.3028 £1,034,998.07 |
|
| f) | Date of the transaction | 2019-06-20 | |
| g) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Christine Heffernan | |
| 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 Performance Share Plan 2011 | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £2.3028 |
Volume(s) 244,267 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
244,267 £2.3028 £562,498.05 |
|
| f) | Date of the transaction | 2019-06-20 | |
| 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 | Group Chief Operations 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) £2.3028 |
Volume(s) 610,669 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
610,669 £2.3028 £1,406,248.57 |
|
| f) | Date of the transaction | 2019-06-20 | |
| 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 | 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 Performance Share Plan 2011 | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £2.3028 |
Volume(s) 495,863 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
495,863 £2.3028 £1,141,873.32 |
|
| f) | Date of the transaction | 2019-06-20 | |
| g) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Gerry Mallon | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Executive, Tesco Bank | |
| 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) £2.3028 |
Volume(s) 439,682 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
439,682 £2.3028 £1,012,499.71 |
|
| f) | Date of the transaction | 2019-06-20 | |
| 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 Performance Share Plan 2011 | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £2.3028 |
Volume(s) 467,367 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
467,367 £2.3028 £1,076,252.73 |
|
| f) | Date of the transaction | 2019-06-20 | |
| 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 Performance Share Plan 2011 | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £2.3028 |
Volume(s) 439,682 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
439,682 £2.3028 £1,012,499.71 |
|
| f) | Date of the transaction | 2019-06-20 | |
| 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 | CEO, UK and 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 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) £2.3028 |
Volume(s) 620,440 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
620,440 £2.3028 £1,428,749.23 |
|
| f) | Date of the transaction | 2019-06-20 | |
| g) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Charles Wilson | |
| 2 | Reason for the notification | ||
| a) | Position/status | CEO, Booker | |
| 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) £2.3028 |
Volume(s) 561,816 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
561,816 £2.3028 £1,293,749.88 |
|
| f) | Date of the transaction | 2019-06-20 | |
| g) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Andrew Yaxley | |
| 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 Performance Share Plan 2011 | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £2.3028 |
Volume(s) 488,535 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
488,535 £2.3028 £1,124,998.40 |
|
| f) | Date of the transaction | 2019-06-20 | |
| g) | Place of the transaction | Outside a trading venue |
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 [email protected] or visit www.rns.com.
END
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