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Tesco PLC Director's Dealing 2024

Jul 25, 2024

4605_dirs_2024-07-25_08615b67-0929-4468-860b-37b9cdac6e01.html

Director's Dealing

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National Storage Mechanism | Additional information

RNS Number : 9010X

Tesco PLC

25 July 2024

PDMR SHAREHOLDING

25 July 2024

Tesco PLC (the "Company")

CORRECTION DIRECTOR/PDMR SHAREHOLDING

The Company announces a correction to the 'Director/PDMR Shareholding' announcement released on 26 June 2024 under RNS Number 0088U (the "Announcement"). The number of shares granted to Ashwin Prasad over Ordinary Shares 6 1/3 pence each in the Company under the LTIP was incorrect. The Announcement stated that number of shares granted was 474,006 but the correct number of shares granted was 510,468. All other details were correct. The full amended text is shown below.

Grant of Awards under the Tesco PLC Long-Term Incentive Plan 2021 (the "LTIP")

On 24 June 2024, the Executive Directors and members of the Company's Executive Committee listed below were granted awards over Ordinary Shares of 6 1/3 pence each in the Company under the LTIP.

Name of PDMR No. of shares subject to award
Ken Murphy 1,305,247
Imran Nawaz 713,035
Natasha Adams 414,053
Matthew Barnes 528,699
Guus Dekkers 414,016
Christine Heffernan 306,281
Gerry Mallon 232,053
Ashwin Prasad 510,468
Matt Simister 413,904
Emma Taylor 379,205
Andrew Yaxley 478,612

The above awards have been made in the form of conditional shares which will vest on 24 June 2027 subject to the achievement of the Earnings Per Share, Free Cash Flow and ESG performance targets over the performance period, as outlined in the Directors' Remuneration Report of the Tesco PLC Annual Report and Financial Statements 2024. 

For the awards to Ken Murphy and Imran Nawaz, the vested shares will be subject to a post-vesting holding period of two years from the vesting date.

Except for the award to Gerry Mallon, the numbers of shares have been calculated using a market price of 308.54 pence per share.  For any dividends paid in the period between 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.

For CRDV banking regulatory purposes, the number of shares awarded to Gerry Mallon will not be increased to reflect any dividends paid to shareholders in the period between the grant and release of conditional shares.  However, a discount has been applied to the market price of 308.54 pence per share when calculating the number of shares under Gerry's award to reflect the absence of dividend equivalents during the vesting period.

Sale of Ordinary shares

Tesco PLC (the "Company") has been notified that on 24 June 2024, the following members of the Company's Executive Committee sold Ordinary shares of 6⅓ pence each in the Company as set out below:

Name of PDMR Number of Ordinary shares sold Price per Ordinary share Date of sale
Andrew Yaxley 138,198 £3.081070 24 June 2024
Adrian Morris 236,452 £3.085000 24 June 2024

Release of shares from the Tesco PLC Long-Term Incentive Plan 2021 (the "LTIP")

On 25 June 2024, the members of the Company's Executive Committee listed below received the following Ordinary shares of 6 1/3 pence each in the Company upon their release from share awards granted on 25 June 2021 under the rules of the LTIP:

Name of PDMR No. of shares released No. of shares withheld No. of net shares
Ken Murphy 1,745,632 820,448 925,184
Imran Nawaz 829,711 389,965 439,746
Natasha Adams 475,973 223,708 252,265
Guus Dekkers 501,381 235,650 265,731
Christine Heffernan 320,028 150,414 169,614
Gerry Mallon 462,660 231,330 231,330
Ashwin Prasad 436,405 205,111 231,294
Matt Simister 499,442 234,738 264,704
Emma Taylor 179,172 84,211 94,961
Andrew Yaxley 533,386 250,692 282,694

The numbers of shares released represent the gross number of shares including dividend equivalent shares which have accrued between grant and release .  As shown above, shares have been withheld to cover Income Tax and National Insurance Contributions due on release.  T he net shares have been transferred to the PDMRs and are subject to a post-vesting holding period until 25 June 2026.

The share price on release was 307.60 pence per share.

The Notification of Dealing Forms can be found below.  This announcement is made in accordance with the UK Market Abuse Regulation (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 Ken Murphy
2 Reason for the notification
a) Position/status Group Chief Executive 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 6 1/3 pence each

GB00BLGZ9862
b) Nature of the transaction Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021
c) Currency GBP
d) Price(s) and volume(s) Price(s)

£3.0854
Volume(s)

1,305,247
e) Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total
1,305,247

£3.0854

£4,027,209.09
f) Date of the transaction 2024-06-24
g) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Imran Nawaz
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 6 1/3 pence each

GB00BLGZ9862
b) Nature of the transaction Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021
c) Currency GBP
d) Price(s) and volume(s) Price(s)

£3.0854
Volume(s)

713,035
e) Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total
713,035

£3.0854

£2,199,998.19
f) Date of the transaction 2024-06-24
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 CEO, Ireland and Northern Ireland
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 6 1/3 pence each

GB00BLGZ9862
b) Nature of the transaction Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021
c) Currency GBP
d) Price(s) and volume(s) Price(s)

£3.0854
Volume(s)

414,053
e) Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total
414,053

£3.0854

£1,277,519.13
f) Date of the transaction 2024-06-24
g) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Matthew Barnes
2 Reason for the notification
a) Position/status CEO, UK
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 6 1/3 pence each

GB00BLGZ9862
b) Nature of the transaction Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021
c) Currency GBP
d) Price(s) and volume(s) Price(s)

£3.0854
Volume(s)

528,699
e) Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total
528,699

£3.0854

£1,631,247.89
f) Date of the transaction 2024-06-24
g) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Guus Dekkers
2 Reason for the notification
a) Position/status Chief Technology 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 6 1/3 pence each

GB00BLGZ9862
b) Nature of the transaction Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021
c) Currency GBP
d) Price(s) and volume(s) Price(s)

£3.0854
Volume(s)

414,016
e) Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total
414,016

£3.0854

£1,277,404.97
f) Date of the transaction 2024-06-24
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 6 1/3 pence each

GB00BLGZ9862
b) Nature of the transaction Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021
c) Currency GBP
d) Price(s) and volume(s) Price(s)

£3.0854
Volume(s)

306,281
e) Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total
306,281

£3.0854

£944,999.40
f) Date of the transaction 2024-06-24
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 6 1/3 pence each

GB00BLGZ9862
b) Nature of the transaction Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021
c) Currency GBP
d) Price(s) and volume(s) Price(s)

£3.0854
Volume(s)

232,053
e) Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total
232,052

£3.0854

£715,976.33
f) Date of the transaction 2024-06-24
g) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Ashwin Prasad
2 Reason for the notification
a) Position/status Chief Commercial 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 6 1/3 pence each

GB00BLGZ9862
b) Nature of the transaction Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021
c) Currency GBP
d) Price(s) and volume(s) Price(s)

£3.0854
Volume(s)

510,468
e) Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total
510,468

£3.0854

£1,574,997.97
f) Date of the transaction 2024-06-24
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 6 1/3 pence each

GB00BLGZ9862
b) Nature of the transaction Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021
c) Currency GBP
d) Price(s) and volume(s) Price(s)

£3.0854
Volume(s)

413,904
e) Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total
413,904

£3.0854

£1,277,059.40
f) Date of the transaction 2024-06-24
g) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Emma Taylor
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 6 1/3 pence each

GB00BLGZ9862
b) Nature of the transaction Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021
c) Currency GBP
d) Price(s) and volume(s) Price(s)

£3.0854
Volume(s)

379,205
e) Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total
379,205

£3.0854

£1,169,999.11
f) Date of the transaction 2024-06-24
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 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 6 1/3 pence each

GB00BLGZ9862
b) Nature of the transaction Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021
c) Currency GBP
d) Price(s) and volume(s) Price(s)

£3.0854
Volume(s)

478,612
e) Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total
478,612

£3.0854

£1,476,709.46
f) Date of the transaction 2024-06-24
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 6⅓ pence each

GB00BLGZ9862
b) Nature of the transaction Sale of Ordinary shares
c) Currency GBP
d) Price(s) and volume(s) Price(s)

£3.085000
Volume(s)

236,452
e) Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total
236,452

£3.085000  

£729,454.42
f) Date of the transaction 2024-06-24
g) Place of the transaction London Stock Exchange, Main Market (XLON)
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Andrew Yaxley
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 6⅓ pence each

GB00BLGZ9862
b) Nature of the transaction Sale of Ordinary shares
c) Currency GBP
d) Price(s) and volume(s) Price(s)

£3.081070
Volume(s)

138,198
e) Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total
138,198

£3.081070  

£425,797.71
f) Date of the transaction 2024-06-24
g) Place of the transaction London Stock Exchange, Main Market (XLON)
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Ken Murphy
2 Reason for the notification
a) Position/status Group Chief Executive 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 6 1/3 pence each

GB00BLGZ9862
b) Nature of the transaction Release of shares from awards granted under the rules of the Tesco PLC Long-Term Incentive Plan 2021 on 25 June 2021
c) Currency GBP
d) Price(s) and volume(s) Price(s)

£3.076
Volume(s)

1,745,632
e) Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total
1,745,632

£3.076

£5,369,564.03
f) Date of the transaction 2024-06-25
g) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Imran Nawaz
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 6 1/3 pence each

GB00BLGZ9862
b) Nature of the transaction Release of shares from awards granted under the rules of the Tesco PLC Long-Term Incentive Plan 2021 on 25 June 2021
c) Currency GBP
d) Price(s) and volume(s) Price(s)

£3.076
Volume(s)

829,711
e) Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total
829,711

£3.076

£2,552,191.04
f) Date of the transaction 2024-06-25
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 CEO, Ireland and Northern Ireland
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 6 1/3 pence each

GB00BLGZ9862
b) Nature of the transaction Release of shares from awards granted under the rules of the Tesco PLC Long-Term Incentive Plan 2021 on 25 June 2021
c) Currency GBP
d) Price(s) and volume(s) Price(s)

£3.076
Volume(s)

475,973
e) Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total
475,973

£3.076

£1,464,092.95
f) Date of the transaction 2024-06-25
g) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Guus Dekkers
2 Reason for the notification
a) Position/status Chief Technology 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 6 1/3 pence each

GB00BLGZ9862
b) Nature of the transaction Release of shares from awards granted under the rules of the Tesco PLC Long-Term Incentive Plan 2021 on 25 June 2021
c) Currency GBP
d) Price(s) and volume(s) Price(s)

£3.076
Volume(s)

501,381
e) Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total
501,381

£3.076

£1,542,247.96
f) Date of the transaction 2024-06-25
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 6 1/3 pence each

GB00BLGZ9862
b) Nature of the transaction Release of shares from awards granted under the rules of the Tesco PLC Long-Term Incentive Plan 2021 on 25 June 2021
c) Currency GBP
d) Price(s) and volume(s) Price(s)

£3.076
Volume(s)

320,028
e) Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total
320,028

£3.076

£984,406.13
f) Date of the transaction 2024-06-25
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 6 1/3 pence each

GB00BLGZ9862
b) Nature of the transaction Release of shares from awards granted under the rules of the Tesco PLC Long-Term Incentive Plan 2021 on 25 June 2021
c) Currency GBP
d) Price(s) and volume(s) Price(s)

£3.076
Volume(s)

462,660
e) Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total
462,660

£3.076

£1,423,142.16
f) Date of the transaction 2024-06-25
g) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Ashwin Prasad
2 Reason for the notification
a) Position/status Chief Commercial 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 6 1/3 pence each

GB00BLGZ9862
b) Nature of the transaction Release of shares from awards granted under the rules of the Tesco PLC Long-Term Incentive Plan 2021 on 25 June 2021
c) Currency GBP
d) Price(s) and volume(s) Price(s)

£3.076
Volume(s)

436,405
e) Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total
436,405

£3.076

£1,342,381.78
f) Date of the transaction 2024-06-25
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 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 6 1/3 pence each

GB00BLGZ9862
b) Nature of the transaction Release of shares from awards granted under the rules of the Tesco PLC Long-Term Incentive Plan 2021 on 25 June 2021
c) Currency GBP
d) Price(s) and volume(s) Price(s)

£3.076
Volume(s)

499,442
e) Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total
499,442

£3.076

£1,536,283.59
f) Date of the transaction 2024-06-25
g) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Emma Taylor
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 6 1/3 pence each

GB00BLGZ9862
b) Nature of the transaction Release of shares from awards granted under the rules of the Tesco PLC Long-Term Incentive Plan 2021 on 25 June 2021
c) Currency GBP
d) Price(s) and volume(s) Price(s)

£3.076
Volume(s)

179,172
e) Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total
179,172

£3.076

£551,133.07
f) Date of the transaction 2024-06-25
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 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 6 1/3 pence each

GB00BLGZ9862
b) Nature of the transaction Release of shares from awards granted under the rules of the Tesco PLC Long-Term Incentive Plan 2021 on 25 June 2021
c) Currency GBP
d) Price(s) and volume(s) Price(s)

£3.076
Volume(s)

533,386
e) Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total
533,386

£3.076

£1,640,695.34
f) Date of the transaction 2024-06-25
g) Place of the transaction Outside a trading venue

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