Tesco PLC Director/PDMR Shareholding (9780O)

TIDMTSCO

RNS Number : 9780O

Tesco PLC

04 February 2019

Director/PDMR SHAREHOLDINGS

4 February 2019

Tesco PLC (the "Company")

TESCO PLC PERFORMANCE SHARE PLAN 2011

On 1 February 2019, Alessandra Bellini, a member of the Company's Executive Committee, received 53,642 Ordinary shares of 5 pence each in the Company upon their release from an award granted under the rules of the Tesco PLC Performance Share Plan 2011 on 13 April 2017.

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 and the net shares have been transferred to Alessandra.

The share price on release was 222.0 pence per share.

Tesco PLC Savings-Related Share Option Scheme (1981)

On 1 February 2019, the following directors exercised options over Ordinary shares of 5 pence each in the Company granted under the Tesco PLC Savings-Related Share Option Scheme (1981) at an option price of 151.00 pence per share as set out below:

 
 PDMR            Date of grant    Date of exercise    No. of shares exercised 
                 18 November 
 Dave Lewis       2015            1 February 2019     11,920 
                ---------------  ------------------  ------------------------ 
                 18 November 
 Alan Stewart     2015            1 February 2019     11,920 
                ---------------  ------------------  ------------------------ 
 

The Notification of Dealing Forms 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                                  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 5 pence each 
      instrument, type of instrument 
 
      Identification code                    GB0008847096 
 b)   Nature of the transaction             Release of shares awarded under the rules of the Tesco PLC Performance 
                                            Share Plan 2011 
     ------------------------------------ 
 c)   Currency                              GBP 
     ------------------------------------  ------------------------------------  ------------------------------------- 
 d)   Price(s) and volume(s)                Price(s)                              Volume(s) 
                                             GBP2.22                               53,642 
---  ------------------------------------  ------------------------------------  ------------------------------------- 
 e)   Aggregated information 
       - Aggregated volume                    53,642 
       - Aggregated Price 
       - Aggregated Total                     GBP2.22 
 
                                              GBP119,085.24 
 f)   Date of the transaction               2019-02-01 
     ==================================== 
 g)   Place of the transaction              Outside a trading venue 
     ------------------------------------  =========================================================================== 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                  Dave Lewis 
 2    Reason for the notification 
 a)   Position/status                       Group Chief Executive 
     ==================================== 
 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             Exercise of options granted under the Tesco PLC Savings-Related Share 
                                            Option Scheme (1981) 
     ------------------------------------ 
 c)   Currency                              GBP 
     ------------------------------------  ------------------------------------  ------------------------------------- 
 d)   Price(s) and volume(s)                Price(s)                              Volume(s) 
                                             GBP1.51                               11,920 
---  ------------------------------------  ------------------------------------  ------------------------------------- 
 e)   Aggregated information 
       - Aggregated volume                    11,920 
       - Aggregated Price                     GBP1.51 
       - Aggregated Total                     GBP17,999.20 
 f)   Date of the transaction               2019-02-01 
     ==================================== 
 g)   Place of the transaction              Outside a trading venue 
     ------------------------------------  =========================================================================== 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                  Alan Stewart 
 2    Reason for the notification 
 a)   Position/status                       Chief Financial 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             Exercise of options granted under the Tesco PLC Savings-Related Share 
                                            Option Scheme (1981) 
     ------------------------------------ 
 c)   Currency                              GBP 
     ------------------------------------  ------------------------------------  ------------------------------------- 
 d)   Price(s) and volume(s)                Price(s)                              Volume(s) 
                                             GBP1.51                               11,920 
---  ------------------------------------  ------------------------------------  ------------------------------------- 
 e)   Aggregated information 
       - Aggregated volume                    11,920 
       - Aggregated Price                     GBP1.51 
       - Aggregated Total                     GBP17,999.20 
 f)   Date of the transaction               2019-02-01 
     ==================================== 
 g)   Place of the transaction              Outside a trading venue 
     ------------------------------------  =========================================================================== 
 

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February 04, 2019 06:00 ET (11:00 GMT)