TIDMTSCO
RNS Number : 6778A
Tesco PLC
25 May 2023
25 May 2023
Tesco PLC (the "Company")
PDMR SHAREHOLDING
Exercise of nil-cost options under the Tesco PLC Performance
Share Plan 2011 (the "PSP") and Tesco PLC Group Bonus Plan (the
"GBP")
On 23 May 2023, Adrian Morris, a member of the Company's
Executive Committee, exercised nil-cost options over 1,114,907
Ordinary Shares of 6 1/3 pence each in the Company from awards
granted on 12 May 2016 and 11 May 2017 under the rules of the PSP
and GBP as set out below.
Award name Date of grant Number of Number of Shares sold
shares under shares withheld on exercise
option for tax
GBP 12 May 2016 257,130 120,852 136,278
--------------- -------------- ----------------- -------------
GBP 11 May 2017 258,275 121,390 136,885
--------------- -------------- ----------------- -------------
PSP 12 May 2016 240,074 112,835 127,239
--------------- -------------- ----------------- -------------
PSP 11 May 2017 359,428 168,932 190,496
--------------- -------------- ----------------- -------------
Total 1,114,907 524,009 590,898
-------------- ----------------- -------------
This represents the gross number of shares exercised. As shown
above, shares have been withheld to cover Income Tax and National
Insurance Contributions due on exercise and the net shares were
sold on exercise as detailed below.
The share price on exercise was 268.10 pence per share.
Sale of Ordinary shares
The Company has been notified that the following members of the
Company's Executive Committee sold Ordinary shares of 61/3 pence
each in the Company as set out below:
Name Number of Ordinary Price per Ordinary Date of Sale
Shares sold Share
Alessandra Bellini 161,923 GBP2.669350 23 May 2023
------------------- ------------------- -------------
Christine Heffernan 175,000 GBP2.651 24 May 2023
------------------- ------------------- -------------
Gerry Mallon 150,000 GBP2.666770 23 May 2023
------------------- ------------------- -------------
Adrian Morris 590,898 GBP2.67965 23 May 2023
------------------- ------------------- -------------
143,711 GBP2.675310 23 May 2023
------------------- ------------------- -------------
Jason Tarry 188,417 GBP2.67559 23 May 2023
------------------- ------------------- -------------
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 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 61/3 pence
instrument, type of instrument each
Identification code
GB00BLGZ9862
b) Nature of the transaction Exercise of nil-cost options
under the rules of the Tesco
PLC Performance Share Plan 2011
and Tesco PLC Group Bonus Plan
------------------------------------------
c) Currency GBP
------------------------------------------ ---------------- -----------------
d) Price(s) and volume(s) Price(s) Volume(s)
GBP2.681 1,114,907
--- ------------------------------------------ ---------------- -----------------
e) Aggregated information
- Aggregated volume 1,114,907
- Aggregated Price GBP2.681
- Aggregated Total GBP2,989,065.67
f) Date of the transaction 2023-05-23
=== ==========================================
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 61/3 pence
instrument, type of instrument each
Identification code
GB00BLGZ9862
b) Nature of the transaction Sale of Ordinary Shares
-----------------------------------------
c) Currency GBP
----------------------------------------- ------------------ ------------
d) Price(s) and volume(s) Price(s) Volume(s)
GBP2.669350 161,923
--- ----------------------------------------- ------------------ ------------
e) Aggregated information
- Aggregated volume 161,923
- Aggregated Price GBP 2.669350
- Aggregated Total GBP432,229.16
f) Date of the transaction 2023-05-23
=== =========================================
g) Place of the transaction London Stock Exchange, Main
Market (XLON)
=== ----------------------------------------- ================================
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 61/3 pence
instrument, type of instrument each
Identification code
GB00BLGZ9862
b) Nature of the transaction Sale of Ordinary Shares
-------------------------------------------
c) Currency GBP
------------------------------------------- --------------- ---------------
d) Price(s) and volume(s) Price(s) Volume(s)
GBP2.651 175,000
--- ------------------------------------------- --------------- ---------------
e) Aggregated information
- Aggregated volume 175,000
- Aggregated Price GBP 2.651
- Aggregated Total GBP463,925
f) Date of the transaction 2023-05-24
=== ===========================================
g) Place of the transaction London Stock Exchange, Main
Market (XLON)
=== ------------------------------------------- ================================
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name 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 61/3 pence
instrument, type of instrument each
Identification code
GB00BLGZ9862
b) Nature of the transaction Sale of Ordinary Shares
-----------------------------------------
c) Currency GBP
----------------------------------------- ------------------ ------------
d) Price(s) and volume(s) Price(s) Volume(s)
GBP2.666770 150,000
--- ----------------------------------------- ------------------ ------------
e) Aggregated information
- Aggregated volume 150,000
- Aggregated Price GBP 2.666770
- Aggregated Total GBP400,015.50
f) Date of the transaction 2023-05-23
=== =========================================
g) Place of the transaction London Stock Exchange, Main
Market (XLON)
=== ----------------------------------------- ================================
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 61/3 pence
instrument, type of instrument each
Identification code
GB00BLGZ9862
b) Nature of the transaction Sale of Ordinary Shares
-----------------------------------------
c) Currency GBP
----------------------------------------- ------------------ ------------
d) Price(s) and volume(s) Price(s) Volume(s)
GBP2.67965 590,898
GBP2.675310 143,711
--- ----------------------------------------- ------------------ ------------
e) Aggregated information
- Aggregated volume 734,609
- Aggregated Price GBP 2.679
- Aggregated Total GBP1,967,871.30
f) Date of the transaction 2023-05-23
=== =========================================
g) Place of the transaction London Stock Exchange, Main
Market (XLON)
=== ----------------------------------------- ================================
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 & 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 61/3 pence
instrument, type of instrument each
Identification code
GB00BLGZ9862
b) Nature of the transaction Sale of Ordinary Shares
-----------------------------------------
c) Currency GBP
----------------------------------------- ------------------ ------------
d) Price(s) and volume(s) Price(s) Volume(s)
GBP2.67559 188,417
--- ----------------------------------------- ------------------ ------------
e) Aggregated information
- Aggregated volume 188,417
- Aggregated Price GBP 2.67559
- Aggregated Total GBP504,126.64
f) Date of the transaction 2023-05-23
=== =========================================
g) Place of the transaction London Stock Exchange, Main
Market (XLON)
=== ----------------------------------------- ================================
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END
DSHBELFLXELXBBQ
(END) Dow Jones Newswires
May 25, 2023 07:00 ET (11:00 GMT)
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