TIDMTSCO
RNS Number : 3134D
Tesco PLC
28 June 2021
PDMR SHAREHOLDING
28 June 2021
Tesco PLC (the "Company")
Grant of Awards under the Tesco PLC Long-Term Incentive Plan
2021 (the "LTIP")
On 25 June 2021, the 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, the number of
shares being calculated using a market price of 223.58 pence per
share.
PDMR Number of Shares subject
to award
Ken Murphy 1,811,432
Imran Nawaz 860,989
Natasha Adams 493,917
Alessandra Bellini 576,236
Guus Dekkers 520,283
Christine Heffernan 332,095
Tony Hoggett 659,160
Gerry Mallon 480,103
Adrian Morris 514,497
Ashwin Prasad 452,858
Matt Simister 518,270
Jason Tarry 684,318
Andrew Yaxley 553,493
The above awards have been made in the form of conditional
shares which will vest on 25 June 2024 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 2021.
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 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 Ordinary shares of 6 1/3 pence each
instrument, type of instrument
Identification code 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) Volume(s)
GBP2.2358 1,811,432
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 1,811,432
- Aggregated Price GBP2.2358
- Aggregated Total GBP4,049,999.67
f) Date of the transaction 2021-06-25
=== ====================================
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 Ordinary shares of 6 1/3 pence each
instrument, type of instrument
Identification code 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) Volume(s)
GBP2.2358 860,989
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 860,989
- Aggregated Price GBP2.2358
- Aggregated Total GBP1,924,999.21
f) Date of the transaction 2021-06-25
=== ====================================
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 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 Ordinary shares of 6 1/3 pence each
instrument, type of instrument
Identification code 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) Volume(s)
GBP2.2358 493,917
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 493,917
- Aggregated Price GBP2.2358
- Aggregated Total GBP1,104,299.63
f) Date of the transaction 2021-06-25
=== ====================================
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 Ordinary shares of 6 1/3 pence each
instrument, type of instrument
Identification code 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) Volume(s)
GBP2.2358 576,236
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 576,236
- Aggregated Price GBP2.2358
- Aggregated Total GBP1,288,348.45
f) Date of the transaction 2021-06-25
=== ====================================
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 Ordinary shares of 6 1/3 pence each
instrument, type of instrument
Identification code 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) Volume(s)
GBP2.2358 520,283
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 520,283
- Aggregated Price GBP2.2358
- Aggregated Total GBP1,163,248.73
f) Date of the transaction 2021-06-25
=== ====================================
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 Ordinary shares of 6 1/3 pence each
instrument, type of instrument
Identification code 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) Volume(s)
GBP2.2358 332,095
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 332,095
- Aggregated Price GBP2.2358
- Aggregated Total GBP742,498.00
f) Date of the transaction 2021-06-25
=== ====================================
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 Chief Strategy and Innovation 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 Ordinary shares of 6 1/3 pence each
instrument, type of instrument
Identification code 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) Volume(s)
GBP2.2358 659,160
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 659,160
- Aggregated Price GBP2.2358
- Aggregated Total GBP1,473,749.93
f) Date of the transaction 2021-06-25
=== ====================================
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 Ordinary shares of 6 1/3 pence each
instrument, type of instrument
Identification code 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) Volume(s)
GBP2.2358 480,103
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 480,103
- Aggregated Price GBP2.2358
- Aggregated Total GBP1,073,414.29
f) Date of the transaction 2021-06-25
=== ====================================
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 Ordinary shares of 6 1/3 pence each
instrument, type of instrument
Identification code 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) Volume(s)
GBP2.2358 514,497
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 514,497
- Aggregated Price GBP2.2358
- Aggregated Total GBP1,150,312.39
f) Date of the transaction 2021-06-25
=== ====================================
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 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 Ordinary shares of 6 1/3 pence each
instrument, type of instrument
Identification code 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) Volume(s)
GBP2.2358 452,858
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 452,858
- Aggregated Price GBP2.2358
- Aggregated Total GBP1,012,499.92
f) Date of the transaction 2021-06-25
====================================
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 Ordinary shares of 6 1/3 pence each
instrument, type of instrument
Identification code 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) Volume(s)
GBP2.2358 518,270
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 518,270
- Aggregated Price GBP2.2358
- Aggregated Total GBP1,158,748.07
f) Date of the transaction 2021-06-25
=== ====================================
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 Ordinary shares of 6 1/3 pence each
instrument, type of instrument
Identification code 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) Volume(s)
GBP2.2358 684,318
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 684,318
- Aggregated Price GBP2.2358
- Aggregated Total GBP1,529,998.18
f) Date of the transaction 2021-06-25
====================================
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 Ordinary shares of 6 1/3 pence each
instrument, type of instrument
Identification code 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) Volume(s)
GBP2.2358 553,493
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 553,493
- Aggregated Price GBP2.2358
- Aggregated Total GBP1,237,499.65
f) Date of the transaction 2021-06-25
====================================
g) Place of the transaction Outside a trading venue
------------------------------------ ===========================================================================
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END
DSHKVLBLFQLBBBB
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