Tesco PLC Director/PDMR Shareholding (9444G)

TIDMTSCO

RNS Number : 9444G

Tesco PLC

11 August 2016

TESCO PLC PERFORMANCE SHARE PLAN 2011

11 August 2016

PDMR SHAREHOLDING

On 10 August 2016, Jason Tarry received 76,856 Ordinary shares of 5 pence each in Tesco PLC upon their release from an award granted under the rules of the Tesco PLC Performance Share Plan 2011 on 10 January 2014.

This represents the gross number of shares released including dividend equivalent shares which have accrued between grant and vesting. A proportion of the shares released have been withheld to cover Income Tax and National Insurance Contributions due on release.

The share price on release was 158.9 pence per share.

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: [phone]

 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                  Jason Tarry 
===  ------------------------------------  =========================================================================== 
 2    Reason for the notification 
 a)   Position/status                       Chief Product 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 5 pence each 
      instrument, type of instrument 
 
      Identification code                    GB0008847096 
===  ------------------------------------  =========================================================================== 
 b)   Nature of the transaction             Release of shares from an award granted under the rules of the Tesco PLC 
                                            Performance Share 
                                            Plan 2011 on 10 January 2014 
     ------------------------------------ 
 c)   Currency                              GBP 
===  ------------------------------------  ------------------------------------  ------------------------------------- 
 d)   Price(s) and volume(s)                Price(s)                              Volume(s) 
                                             GBP1.589                              76,856 
---  ------------------------------------  ------------------------------------  ------------------------------------- 
 e)   Aggregated information 
       - Aggregated volume                    76,856 
       - Aggregated Price 
       - Aggregated Total                     GBP1.589 
 
                                              GBP122,124.18 
--- 
 f)   Date of the transaction               2016-08-10 
---  ====================================  =========================================================================== 
 g)   Place of the transaction              Outside a trading venue 
---  ------------------------------------  =========================================================================== 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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August 11, 2016 06:31 ET (10:31 GMT)