Tesco PLC Director/PDMR Shareholding (3048A)

TIDMTSCO

RNS Number : 3048A

Tesco PLC

20 January 2020

PDMR SHAREHOLDING

20 January 2020

Tesco PLC (the "Company")

Grant of Awards under the Tesco PLC Performance Share Plan 2011 (the "PSP")

On 16 January 2020, Gerry Mallon, a member of the Company's Executive Committee, was granted an award over 270,216 Ordinary Shares of 5 pence each in the Company under the rules of PSP, the number of shares being calculated using a market price of 249.80 pence per share.

The award has been made in the form of conditional shares which will vest on 9 October 2021 subject to the achievement of performance conditions over the vesting period.

For any dividends paid in the period between the grant and vesting of the conditional shares, the number of shares will be increased to reflect the dividends that would have accrued had they been reinvested in shares.

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]

LEI Number: 2138002P5RNKC5W2JZ46

 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                  Gerry Mallon 
 2    Reason for the notification 
 a)   Position/status                       Chief Executive, Tesco Bank 
     ==================================== 
 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             Grant of conditional shares under the rules of the Tesco PLC Performance 
                                            Share Plan 2011 
     ------------------------------------ 
 c)   Currency                              GBP 
     ------------------------------------  ------------------------------------  ------------------------------------- 
 d)   Price(s) and volume(s)                Price(s)                              Volume(s) 
                                             GBP2.498                              270,216 
---  ------------------------------------  ------------------------------------  ------------------------------------- 
 e)   Aggregated information 
       - Aggregated volume                    270,216 
       - Aggregated Price                     GBP2.498 
       - Aggregated Total                     GBP674,999.57 
 f)   Date of the transaction               2020-01-16 
===  ==================================== 
 g)   Place of the transaction              Outside a trading venue 
===  ------------------------------------  =========================================================================== 
 

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.

END

DSHBBLFLBFLBBBV

(END) Dow Jones Newswires

January 20, 2020 06:00 ET (11:00 GMT)