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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May 25, 2023 07:00 ET (11:00 GMT)

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