TIDMTSCO

RNS Number : 6773F

Tesco PLC

19 July 2021

PDMR SHAREHOLDING

19 July 2021

Tesco PLC (the "Company")

Release of shares from the Tesco PLC Performance Share Plan 2011 (PSP)

On 16 July 2021, 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 16 July 2018 under the rules of the PSP:

 
 Name of PDMR           No. of shares   No. of shares   No. of net 
                         released        withheld        shares 
 Natasha Adams             87,051          40,914         46,137 
                       --------------  --------------  ----------- 
 Alessandra Bellini        90,443          42,509         47,934 
                       --------------  --------------  ----------- 
 Guus Dekkers              64,063          30,110         33,953 
                       --------------  --------------  ----------- 
 Christine Heffernan        5,868           2,185         3,683 
                       --------------  --------------  ----------- 
 Adrian Morris             108,155         50,833         57,322 
                       --------------  --------------  ----------- 
 Ashwin Prasad             45,221          21,254         23,967 
                       --------------  --------------  ----------- 
 Matt Simister             101,748         47,822         53,926 
                       --------------  --------------  ----------- 
 Jason Tarry               143,579         67,483         76,096 
                       --------------  --------------  ----------- 
 Andrew Yaxley             108,531         51,010         57,521 
                       --------------  --------------  ----------- 
 

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 and the net shares have been transferred to the PDMRs. With the exception of Christine Heffernan, the net shares are subject to a post-vesting holding period until 16 July 2023.

The share price on release was 234.9 pence per share.

The Notification of Dealing Forms for each PDMR 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                                         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 
       instrument, type of instrument               each 
 
       Identification code 
                                                    GB00BLGZ9862 
 b)   Nature of the transaction                    Release of shares from awards 
                                                    granted under the rules of the 
                                                    Tesco PLC Performance Share Plan 
                                                    2011 (PSP) on 16 July 2018 
     ------------------------------------------- 
 c)   Currency                                     GBP 
     -------------------------------------------  -----------------  ----------------- 
 d)   Price(s) and volume(s)                       Price(s)           Volume(s) 
                                                    GBP2.349           87,051 
---  -------------------------------------------  -----------------  ----------------- 
 e)   Aggregated information 
       - Aggregated volume                           87,051 
       - Aggregated Price                            GBP2.349 
       - Aggregated Total                            GBP204,482.80 
 f)   Date of the transaction                      2021-07-16 
     =========================================== 
 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 
       instrument, type of instrument               each 
 
       Identification code 
                                                    GB00BLGZ9862 
 b)   Nature of the transaction                    Release of shares from awards granted 
                                                    under the rules of the Tesco PLC 
                                                    Performance Share Plan 2011 (PSP) 
                                                    on 16 July 2018 
     ------------------------------------------- 
 c)   Currency                                     GBP 
     -------------------------------------------  -------------------  ------------------- 
 d)   Price(s) and volume(s)                       Price(s)             Volume(s) 
                                                    GBP2.349             90,443 
---  -------------------------------------------  -------------------  ------------------- 
 e)   Aggregated information 
       - Aggregated volume                           90,443 
       - Aggregated Price                            GBP2.349 
       - Aggregated Total                            GBP212,450.61 
 f)   Date of the transaction                      2021-07-16 
===  =========================================== 
 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 
       instrument, type of instrument               each 
 
       Identification code 
                                                    GB00BLGZ9862 
 b)   Nature of the transaction                    Release of shares from awards granted 
                                                    under the rules of the Tesco PLC 
                                                    Performance Share Plan 2011 (PSP) 
                                                    on 16 July 2018 
     ------------------------------------------- 
 c)   Currency                                     GBP 
     -------------------------------------------  -------------------  ------------------- 
 d)   Price(s) and volume(s)                       Price(s)             Volume(s) 
                                                    GBP2.349             64,063 
---  -------------------------------------------  -------------------  ------------------- 
 e)   Aggregated information 
       - Aggregated volume                           64,063 
       - Aggregated Price                            GBP2.349 
       - Aggregated Total                            GBP150,483.99 
 f)   Date of the transaction                      2021-07-16 
     =========================================== 
 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   Ordinary shares of 6 1/3 pence 
                                                                     each 
       Identification code 
 
                                                                     GB00BLGZ9862 
 b)   Nature of the transaction                                     Release of shares from awards 
                                                                     granted under the rules of the 
                                                                     Tesco PLC Performance Share Plan 
                                                                     2011 (PSP) on 16 July 2018 
     ------------------------------------------------------------ 
 c)   Currency                                                      GBP 
     ------------------------------------------------------------  -----------------  ----------------- 
 d)   Price(s) and volume(s)                                        Price(s)           Volume(s) 
                                                                     GBP2.349           5,868 
---  ------------------------------------------------------------  -----------------  ----------------- 
 e)   Aggregated information 
       - Aggregated volume                                            5,868 
       - Aggregated Price                                             GBP2.349 
       - Aggregated Total                                             GBP13,783.93 
 f)   Date of the transaction                                       2021-07-16 
===  ============================================================ 
 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 
       instrument, type of instrument               each 
 
       Identification code 
                                                    GB00BLGZ9862 
 b)   Nature of the transaction                    Release of shares from awards 
                                                    granted under the rules of the 
                                                    Tesco PLC Performance Share Plan 
                                                    2011 (PSP) on 16 July 2018 
     ------------------------------------------- 
 c)   Currency                                     GBP 
     -------------------------------------------  -----------------  ----------------- 
 d)   Price(s) and volume(s)                       Price(s)           Volume(s) 
                                                    GBP2.349           108,155 
---  -------------------------------------------  -----------------  ----------------- 
 e)   Aggregated information 
       - Aggregated volume                           108,155 
       - Aggregated Price                            GBP2.349 
       - Aggregated Total                            GBP254,056.10 
 f)   Date of the transaction                      2021-07-16 
===  =========================================== 
 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 
       instrument, type of instrument               each 
 
       Identification code 
                                                    GB00BLGZ9862 
 b)   Nature of the transaction                    Release of shares from awards 
                                                    granted under the rules of the 
                                                    Tesco PLC Performance Share Plan 
                                                    2011 (PSP) on 16 July 2018 
     ------------------------------------------- 
 c)   Currency                                     GBP 
     -------------------------------------------  -----------------  ----------------- 
 d)   Price(s) and volume(s)                       Price(s)           Volume(s) 
                                                    GBP2.349           45,221 
---  -------------------------------------------  -----------------  ----------------- 
 e)   Aggregated information 
       - Aggregated volume                           45,221 
       - Aggregated Price                            GBP2.349 
       - Aggregated Total                            GBP106,224.13 
 f)   Date of the transaction                      2021-07-16 
===  =========================================== 
 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 
       instrument, type of instrument               each 
 
       Identification code 
                                                    GB00BLGZ9862 
 b)   Nature of the transaction                    Release of shares from awards 
                                                    granted under the rules of the 
                                                    Tesco PLC Performance Share Plan 
                                                    2011 (PSP) on 16 July 2018 
     ------------------------------------------- 
 c)   Currency                                     GBP 
     -------------------------------------------  -----------------  ----------------- 
 d)   Price(s) and volume(s)                       Price(s)           Volume(s) 
                                                    GBP2.349           101,748 
---  -------------------------------------------  -----------------  ----------------- 
 e)   Aggregated information 
       - Aggregated volume                           101,748 
       - Aggregated Price                            GBP2.349 
       - Aggregated Total                            GBP239,006.05 
 f)   Date of the transaction                      2021-07-16 
===  =========================================== 
 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 
       instrument, type of instrument               each 
 
       Identification code 
                                                    GB00BLGZ9862 
 b)   Nature of the transaction                    Release of shares from awards 
                                                    granted under the rules of the 
                                                    Tesco PLC Performance Share Plan 
                                                    2011 (PSP) on 16 July 2018 
     ------------------------------------------- 
 c)   Currency                                     GBP 
     -------------------------------------------  -----------------  ----------------- 
 d)   Price(s) and volume(s)                       Price(s)           Volume(s) 
                                                    GBP2.349           143,579 
---  -------------------------------------------  -----------------  ----------------- 
 e)   Aggregated information 
       - Aggregated volume                           143,579 
       - Aggregated Price                            GBP2.349 
       - Aggregated Total                            GBP337,267.07 
 f)   Date of the transaction                      2021-07-16 
     =========================================== 
 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 
       instrument, type of instrument               each 
 
       Identification code 
                                                    GB00BLGZ9862 
 b)   Nature of the transaction                    Release of shares from awards 
                                                    granted under the rules of the 
                                                    Tesco PLC Performance Share Plan 
                                                    2011 (PSP) on 16 July 2018 
     ------------------------------------------- 
 c)   Currency                                     GBP 
     -------------------------------------------  -----------------  ----------------- 
 d)   Price(s) and volume(s)                       Price(s)           Volume(s) 
                                                    GBP2.349           108,531 
---  -------------------------------------------  -----------------  ----------------- 
 e)   Aggregated information 
       - Aggregated volume                           108,531 
       - Aggregated Price                            GBP2.349 
       - Aggregated Total                            GBP254,939.32 
 f)   Date of the transaction                      2021-07-16 
     =========================================== 
 g)   Place of the transaction                     Outside a trading venue 
     -------------------------------------------  ==================================== 
 

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July 19, 2021 06:16 ET (10:16 GMT)

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