Tesco PLC Director/PDMR Shareholding (9636H)

TIDMTSCO

RNS Number : 9636H

Tesco PLC

16 March 2018

16 March 2018

Tesco PLC

DIRECTOR SHAREHOLDING

Tesco PLC (the "Company") has been notified that the following Director of the Company acquired Ordinary shares of 5 pence each in the Company as set out below:

 
 Name of Director    Number of shares   Purchase     Date acquired 
                      purchased          price per 
                                         share 
------------------  -----------------  -----------  -------------- 
                                                     15 March 
 Charles Wilson      5,124,735          215.5264p     2018 
------------------  -----------------  -----------  -------------- 
 

The above dealing was made in accordance with an irrevocable dealing instruction given by Charles Wilson to his broker, prior to the merger between the Company and Booker Group plc becoming effective on 5 March 2018, to purchase Tesco PLC shares in the market in an aggregate amount equal to the cash proceeds paid to him under the Mix and Match Facility as a Booker Scheme Shareholder, after deducting an amount to cover applicable taxes. As previously disclosed, Charles Wilson intends to hold the above Tesco PLC shares for five years from 5 March 2018 on, and subject to, the terms set out in a Lock-up Agreement, subject to certain customary carve-outs.

The Notification of Dealing Form in respect of the above Director 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]

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                                   Purchase of Ordinary Tesco shares 
       transaction                                     in accordance with an irrevocable 
                                                       dealing instruction given by 
                                                       Charles Wilson pursuant to the 
                                                       merger of Tesco PLC and Booker 
                                                       Group plc 
     ---------------------------------------------- 
 c)   Currency                                        GBP 
===  ----------------------------------------------  ------------------------  ----------------------- 
 d)   Price(s) and                                    Price(s)                  Volume(s) 
       volume(s) 
                                                       215.5264p                 5,124,735 
---  ----------------------------------------------  ------------------------  ----------------------- 
 e)   Aggregated 
       information 
       - Aggregated                                    5,124,735 
        Volume 
       - Aggregated                                     215.5264p 
        Price 
       - Aggregated                                     GBP11,045,156.86 
        Total 
--- 
 f)   Date of the                                     2018-03-15 
       transaction 
---  ==============================================  ================================================= 
 g)   Place of the                                    London Stock Exchange, Main Market 
       transaction                                     (XLON) 
---  ----------------------------------------------  ================================================= 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 16, 2018 06:00 ET (10:00 GMT)