Tesco PLC Director/PDMR Shareholding (7574I)
16 August 2021 - 8:00PM
UK Regulatory
TIDMTSCO
RNS Number : 7574I
Tesco PLC
16 August 2021
PDMR SHAREHOLDING
16 August 2021
Tesco PLC (the "Company")
Release of shares from the Tesco PLC Performance Share Plan 2011
(PSP)
On 13 August 2021, Gerry Mallon, a member of the Company's
Executive Committee, received 99,412 Ordinary shares of 6 1/3 pence
each in the Company upon their release from a share award granted
on 13 August 2018 under the rules of the PSP.
This represents the gross number of shares released including
dividend equivalent shares which have accrued between grant and
release. Of those shares released, 47,718 shares have been withheld
to cover Income Tax and National Insurance Contributions due on
release. T he net shares have been transferred to Gerry and are
subject to a post-vesting holding period until 13 August 2023.
The share price on release was 242.95 pence per share.
The Notification of Dealing Form 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 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 Release of shares awarded under the rules of the Tesco PLC Performance
Share Plan 2011
------------------------------------
c) Currency GBP
------------------------------------ ------------------------------------ -------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
GBP2.4295 99,412
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 99,412
- Aggregated Price
- Aggregated Total GBP2.4295
GBP241,521.45
f) Date of the transaction 2021-08-13
====================================
g) Place of the transaction Outside a trading venue
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END
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