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Tesco PLC Remuneration Information 2023
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 1364X
Tesco PLC
24 April 2023
Director/PDMR SHAREHOLDINGS
24 April 2023
Tesco PLC (the "Company")
Tesco PLC Savings-Related Share Option Scheme
On 20 April 2023 the following member of the Company's Executive Committee exercised options over Ordinary shares of 6 1/3 pence each in the Company granted under the Tesco PLC Savings-Related Share Option Scheme at an option price of 219.00 pence per share as set out below:
| PDMR | Date of grant | Date of exercise | No. of shares exercised |
| Andrew Yaxley | 13 November 2019 | 20 April 2023 | 8,219 |
Sale of Ordinary shares
The Company has been notified that on 20 April 2023, the following member of the Company's Executive Committee sold Ordinary shares of 6 1/3 pence each in the Company as set out below:
| Name | No. of shares sold | Sale price per share |
Date of sale |
| Andrew Yaxley | 8,219 | £2.745 | 20 April 2023 |
Grant of Awards under the Tesco PLC Long-Term Incentive Plan 2021 (the "LTIP")
On 21 April 2023, Gerry Mallon, a member of the Company's Executive Committee, was granted an award over 164,917 Ordinary Shares of 6 1/3 pence each in the Company under the LTIP.
The award has been made in the form of conditional shares which will vest on 22 April 2025 subject to the achievement of performance conditions over the vesting period.
For CRDV banking regulatory purposes, the number of shares awarded will not be increased to reflect any dividends paid to shareholders in the period between the grant and vesting of conditional shares. However, a discount has been applied to the market price of 272.84 pence per share when calculating the number of shares under the award to reflect the absence of dividend equivalents during the vesting period.
The Notification of Dealing Form can be found below. This announcement is made in accordance with Article 19 of the Market Abuse 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 | 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 | Exercise of options granted under the Tesco PLC Savings-Related Share Option Scheme | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £2.19 |
Volume(s) 8,219 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
8,219 £2.19 £17,996.61 |
|
| f) | Date of the transaction | 2023-04-20 | |
| 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 | 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 | Sale of Ordinary shares | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £2.745 |
Volume(s) 8,219 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
8,219 £2.745 £22,561.16 |
|
| f) | Date of the transaction | 2023-04-20 | |
| g) | Place of the transaction | London Stock Exchange, Main Market (XLON) |
| 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) £2.7284 |
Volume(s) 164,917 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
164,917 £2.7284 £449,959.54 |
|
| f) | Date of the transaction | 2023-04-21 | |
| g) | Place of the transaction | Outside a trading venue |
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