Tesco PLC Director/PDMR Shareholding (7193O)

TIDMTSCO

RNS Number : 7193O

Tesco PLC

03 October 2019

PDMR SHAREHOLDING

3 October 2019

Tesco PLC (the "Company")

Exercise of nil-cost options under the Tesco PLC Performance Share Plan 2011 (the "PSP") and Tesco PLC Long Term Incentive Plan 2015 (the "LTIP")

Tesco PLC (the "Company") has been notified that on 2 October 2019, Jason Tarry, a member of the Company's Executive Committee, exercised nil-cost options over 566,631 Ordinary Shares of 5 pence each in the Company from awards granted under the rules of the PSP and LTIP as set out below:

 
 Shares    Grant Date    No. of shares 
  Plan                    under option 
 PSP       24/07/2015       175,850 
          ------------  -------------- 
 LTIP      24/07/2015       390,781 
          ------------  -------------- 
 Total                      566,631 
                        -------------- 
 

This represents the gross number of shares exercised. Of those shares exercised, 266,317 shares have been retained to cover Income Tax and National Insurance Contributions due on exercise and the net shares have been transferred to Jason.

The share price on exercise was 240.00 pence per share.

Sale of Ordinary shares

The Company has been notified of the following transactions undertaken by Persons Discharging Managerial Responsibilities ("PDMRs"):

 
 PDMR        Stock description      Date      Quantity    Share     Transaction   Total consideration 
                                                           price        type 
 Jason           Tesco PLC       02/10/2019   293,328    GBP2.390      Sale           GBP701,054 
  Tarry          - Ordinary 
                 shares of 
                  5p each 
            ------------------  -----------  ---------  ---------  ------------  -------------------- 
 Matthew         Tesco PLC       02/10/2019   202,653    GBP2.395      Sale           GBP485,354 
  Simister       - Ordinary 
                 shares of 
                  5p each 
            ------------------  -----------  ---------  ---------  ------------  -------------------- 
 

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                                  Jason Tarry 
 2    Reason for the notification 
 a)   Position/status                       CEO UK and ROI 
     ==================================== 
 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 nil-cost options under the rules of the Tesco PLC Performance 
                                            Share Plan 2011 
                                            and Tesco PLC Long Term Incentive Plan 2015 
     ------------------------------------ 
 c)   Currency                              GBP 
     ------------------------------------  ------------------------------------  ------------------------------------- 
 d)   Price(s) and volume(s)                Price(s)                              Volume(s) 
                                             GBP2.40                               566,631 
---  ------------------------------------  ------------------------------------  ------------------------------------- 
 e)   Aggregated information 
       - Aggregated Volume                    566,631 
       - Aggregated Price                     GBP2.40 
       - Aggregated Total                     GBP1,359,914.40 
 f)   Date of the transaction               2019-10-02 
     ==================================== 
 g)   Place of the transaction              Outside a trading venue 
     ------------------------------------  =========================================================================== 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                         Jason Tarry 
 2    Reason for the notification 
 a)   Position/status                                              CEO UK and ROI 
     =========================================================== 
 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                                    Sale of Ordinary shares 
     ----------------------------------------------------------- 
 c)   Currency                                                     GBP 
     -----------------------------------------------------------  -----------------  ------------------ 
 d)   Price(s) and volume(s)                                       Price(s)           Volume(s) 
                                                                    GBP2.39            293,328 
---  -----------------------------------------------------------  -----------------  ------------------ 
 e)   Aggregated information 
       - Aggregated Volume                                           293,328 
       - Aggregated Price                                            GBP2.39 
       - Aggregated Total                                            GBP701,053.92 
 f)   Date of the transaction                                      2019-10-02 
     =========================================================== 
 g)   Place of the transaction                                     London Stock Exchange, Main Market 
                                                                    (XLON) 
     -----------------------------------------------------------  ===================================== 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                        Matthew Simister 
 2    Reason for the notification 
 a)   Position/status                                             CEO Central Europe 
     ========================================================== 
 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                                   Sale of Ordinary shares 
     ---------------------------------------------------------- 
 c)   Currency                                                    GBP 
     ----------------------------------------------------------  ------------------  ----------------- 
 d)   Price(s) and volume(s)                                      Price(s)            Volume(s) 
                                                                   GBP2.395            202,653 
---  ----------------------------------------------------------  ------------------  ----------------- 
 e)   Aggregated information 
       - Aggregated Volume                                          202,653 
       - Aggregated Price                                           GBP2.395 

       - Aggregated Total                                           GBP485,353.94 
 f)   Date of the transaction                                     2019-10-02 
     ========================================================== 
 g)   Place of the transaction                                    London Stock Exchange, Main Market 
                                                                   (XLON) 
     ----------------------------------------------------------  ===================================== 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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October 03, 2019 10:30 ET (14:30 GMT)