Tesco PLC Director/PDMR Shareholding (6740V)

TIDMTSCO

RNS Number : 6740V

Tesco PLC

19 April 2016

19 April 2016

TESCO PLC (the "Company")

Director / PDMR Shareholding

The Company has been notified that Byron Grote, Non-executive Director of the Company, purchased American Depositary Receipts ("ADRs") in the Company as set out in the table below. One ADR is equivalent to three Ordinary Shares of 5 pence each in the Company.

 
Purchase   Number of ADRs  Price per 
 date       purchased       ADR 
15 April   7,000           US$7.69 
 2016 
18 April   3,000           US$7.79 
 2016 
 

On 18 April 2016, Robin Terrell, a member of the Company's Executive Committee, exercised the nil-cost options over Ordinary shares of 5 pence each in the Company as set out in the table below. The nil-cost options were granted under the rules of the Tesco PLC Performance Share Plan 2011 on the dates shown in the table.

 
 Date of        Number of Shares subject 
  Grant          to option 
 19 April 
  2013                           134,767 
 14 May 2014                      41,275 
 Total                           176,042 
 

This represents the gross number of shares exercised. A proportion of the shares exercised have been retained to cover Income Tax and National Insurance Contributions due on exercise and the net shares have been transferred to Mr Terrell.

The share price on exercise was 180.95 pence per share.

These announcements are made in accordance with the requirements of Disclosure and Transparency Rule 3.1.4R.

 
Enquiries:   Paul Moore 
              Company Secretary 
              Tesco PLC 
              Tesco House 
              Shire Park 
              Kestrel Way 
              Welwyn Garden 
              City 
              Hertfordshire 
              AL7 1GA 
              Tel: [phone] 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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April 19, 2016 09:05 ET (13:05 GMT)