Tesco PLC Director/PDMR Shareholding (1679H)
08 Marzo 2018 - 4:15PM
UK Regulatory
TIDMTSCO
RNS Number : 1679H
Tesco PLC
08 March 2018
DIRECTOR SHAREHOLDING
8 March 2018
Tesco PLC
Confirmation of Interests in Tesco PLC Shares and Grant of Roll
Over Options Pursuant to the Tesco PLC and Booker Group plc
Merger
Tesco Shareholdings
Following the completion of the recommended all-share merger of
Tesco and Booker, holders of ordinary shares of 1 pence in Booker
at 6.00 p.m. on 2 March 2018 were entitled to receive 42.6 pence in
cash and 0.861 new ordinary shares in Tesco for each share they
held in Booker, subject to valid elections made under the mix and
match facility.
Tesco has been advised that as a result of completion of the
merger, and in accordance with the requirements of the EU Market
Abuse Regulation, on 5 March 2018 the following Directors and PDMRs
held the following interests in Tesco:
PDMR Shareholding
------------------- -------------
Charles Wilson 108,550,807
------------------- -------------
Stewart Gilliland 43,050
------------------- -------------
As previously disclosed, Charles Wilson intends to hold these
shares, which includes the 24,533 Tesco PLC shares held previously
by him, for five years from 5 March 2018 on, and subject to, the
terms of a Lock-up Agreement, subject to certain customary
carve-outs.
Grant of Roll Over Options
On 5 February 2018, Tesco PLC made an offer to all participants
of the Booker Performance Share Plan to either exercise their
options, or be granted options on similar terms over Ordinary
Shares in Tesco PLC.
Under the terms of this offer, on 6 March 2018, Charles Wilson,
CEO UK and ROI, released his existing Booker PSP option over 1.4
million Booker Group plc ordinary shares, granted on 3 July 2008,
in consideration for the grant of a nil-cost option over 1,500,647
Ordinary Shares of 5 pence each in Tesco PLC ("Option").
In accordance with the procedures set out in the letter to
Booker PSP participants dated 5 February 2018 as disclosed on the
Booker website, the number of Ordinary Shares in Tesco PLC over
which the new Option has been granted has been calculated using a
market price of 202.00 pence per share, the Tesco PLC closing share
price on 2 March 2018. This is on the same basis as other Booker
PSP participants.
The Option has vested and is exercisable until 3 July 2018.
The Notification of Dealing Form can be found below. This
announcement is made in accordance with Article 19 of the EU Market
Abuse Regulation 596/2014.
For enquiries, please contact:
Robert Welch, Company Secretary
Tesco PLC
Tesco House
Shire Park
Kestrel Way
Welwyn Garden City
Hertfordshire
AL7 1GA
Tel: 01707 912985
LEI Number: 2138002P5RNKC5W2JZ46
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Charles Wilson
=== ----------------------------------- ============================================================
2 Reason for the notification
a) Position/status CEO UK and ROI
=== =================================== ============================================================
b) Initial notification Initial Notification
/Amendment
-----------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
=== =================================================================================================
a) Name Tesco PLC
===================================
b) Legal Entity 2138002P5RNKC5W2JZ46
Identifier
=== ----------------------------------- ============================================================
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 Ordinary shares of 5 pence each
of the financial
instrument,
type of instrument GB0008847096
Identification
code
=== ----------------------------------- ============================================================
b) Nature of the Grant of a nil-cost option under
transaction the Booker PSP pursuant to the
Tesco PLC and Booker Group plc
Merger in consideration for
the release of an outstanding
option over Booker Group plc
shares under the Booker PSP
-----------------------------------
c) Currency GBP
=== ----------------------------------- ---------------------------------------- ------------------
d) Price(s) and Price(s) Volume(s)
volume(s)
Nil 1,500,647
The option was granted
as a replacement
for an option over
Booker shares
--- ----------------------------------- ---------------------------------------- ------------------
e) Aggregated
information
- Aggregated
Volume
- Aggregated
Price
- Aggregated
Total
---
f) Date of the 2018-03-06
transaction
--- =================================== ============================================================
g) Place of the Outside a trading venue
transaction
--- ----------------------------------- ============================================================
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Charles Wilson
=== ------------------------------------ ===========================================================
2 Reason for the notification
a) Position/status CEO UK and ROI
=== ==================================== ===========================================================
b) Initial notification Initial Notification
/Amendment
------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
=== =================================================================================================
a) Name Tesco PLC
====================================
b) Legal Entity 2138002P5RNKC5W2JZ46
Identifier
=== ------------------------------------ ===========================================================
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 Ordinary shares of 5 pence each
of the financial
instrument,
type of instrument GB0008847096
Identification
code
=== ------------------------------------ ===========================================================
b) Nature of the Allotment of new ordinary shares
transaction in Tesco pursuant to the merger
of Tesco PLC and Booker Group
plc
------------------------------------
c) Currency GBP
=== ------------------------------------ ------------------------------------ ---------------------
d) Price(s) and Price(s) Volume(s)
volume(s)
202 pence per share 108,526,274
--- ------------------------------------ ------------------------------------ ---------------------
e) Aggregated
information
- Aggregated 108,526,274
Volume
- Aggregated 202 pence
Price
- Aggregated GBP219,223,073.48
Total
---
f) Date of the 2018-03-05
transaction
--- ==================================== ===========================================================
g) Place of the Outside a trading venue
transaction
--- ------------------------------------ ===========================================================
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Stewart Gilliland
=== -------------------------------------- =========================================================
2 Reason for the notification
a) Position/status Non-executive Director
=== ====================================== =========================================================
b) Initial notification Initial Notification
/Amendment
--------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
=== =================================================================================================
a) Name Tesco PLC
======================================
b) Legal Entity 2138002P5RNKC5W2JZ46
Identifier
=== -------------------------------------- =========================================================
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 Ordinary shares of 5 pence each
of the financial
instrument,
type of instrument GB0008847096
Identification
code
=== -------------------------------------- =========================================================
b) Nature of the Allotment of new ordinary shares
transaction in Tesco pursuant to the merger
of Tesco PLC and Booker Group
plc
--------------------------------------
c) Currency GBP
=== -------------------------------------- -------------------------------------- -----------------
d) Price(s) and Price(s) Volume(s)
volume(s)
202 pence per share 43,050
--- -------------------------------------- -------------------------------------- -----------------
e) Aggregated
information
- Aggregated 43,050
Volume
- Aggregated 202 pence
Price
- Aggregated GBP86,961.00
Total
---
f) Date of the 2018-03-05
transaction
--- ====================================== =========================================================
g) Place of the Outside a trading venue
transaction
--- -------------------------------------- =========================================================
This information is provided by RNS
The company news service from the London Stock Exchange
END
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March 08, 2018 10:15 ET (15:15 GMT)
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