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Tesco PLC Director's Dealing 2019

Oct 10, 2019

4605_dirs_2019-10-10_0d832e40-be1f-4aa2-81de-9ade8f432322.html

Director's Dealing

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RNS Number : 3332P

Tesco PLC

10 October 2019

PDMR SHAREHOLDING

10 October 2019

Tesco PLC (the "Company")

Grant of Awards under the Tesco PLC Performance Share Plan 2011 (the "PSP")

On 9 October 2019, the members of the Company's Executive Committee 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 236.06 pence per share.

PDMR Number of Shares subject to award
Natasha Adams 182,157
Alessandra Bellini 207,574
Christine Heffernan 105,905
Tony Hoggett 264,763
Alison Horner 214,987
Adrian Morris 202,632
Matt Simister 211,810
Jason Tarry 268,999
Charles Wilson 243,582
Andrew Yaxley 211,810

The above awards have been made in the form of conditional shares which will vest on 9 October 2021 subject to the achievement of personal performance conditions over the vesting period. 

For any dividends paid in the period between the grant and vesting of the 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 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)

£2.3606
Volume(s)

182,157
e) Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total
182,157

£2.3606

£429,999.81
f) Date of the transaction 2019-10-09
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)

£2.3606
Volume(s)

207,574
e) Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total
207,574

£2.3606

£489,999.18
f) Date of the transaction 2019-10-09
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)

£2.3606
Volume(s)

105,905
e) Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total
105,905

£2.3606

£249,999.34
f) Date of the transaction 2019-10-09
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)

£2.3606
Volume(s)

264,763
e) Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total
264,763

£2.3606

£624,999.54
f) Date of the transaction 2019-10-09
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)

£2.3606
Volume(s)

214,987
e) Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total
214,987

£2.3606

£507,498.31
f) Date of the transaction 2019-10-09
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)

£2.3606
Volume(s)

202,632
e) Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total
202,632

£2.3606

£478,333.10
f) Date of the transaction 2019-10-09
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)

£2.3606
Volume(s)

211,810
e) Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total
211,810

£2.3606

£499,998.69
f) Date of the transaction 2019-10-09
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)

£2.3606
Volume(s)

268,999
e) Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total
268,999

£2.3606

£634,999.04
f) Date of the transaction 2019-10-09
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)

£2.3606
Volume(s)

243,582
e) Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total
243,582

£2.3606

£574,999.67
f) Date of the transaction 2019-10-09
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)

£2.3606
Volume(s)

211,810
e) Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total
211,810

£2.3606

£499,998.69
f) Date of the transaction 2019-10-09
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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