Tesco PLC Director/PDMR Shareholding (1854C)

TIDMTSCO

RNS Number : 1854C

Tesco PLC

15 October 2020

PDMR SHAREHOLDING

15 October 2020

Tesco PLC (the "Company")

Grant and release of shares under the Tesco PLC Performance Share Plan 2011 (the "PSP")

On 14 October 2020, Ken Murphy, Group Chief Executive, was granted an award over 82,614 Ordinary Shares of 5 pence each in the Company under the rules of the PSP. The number of shares awarded have been calculated using a market price of 217.88 pence per share.

The shares have been awarded to compensate Ken on a like for like basis for payments forfeited from his previous employment.

The award vested immediately and 82,614 shares were released to Ken on 14 October 2020. Of these, 38,829 shares have been withheld to cover Income Tax and National Insurance Contributions due on release. The net shares have been transferred to Ken and must be retained under the Company's Shareholding Policy.

The share price on release was 221.5 pence per share.

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                                   Ken Murphy 
 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              Grant of 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) 
                                              GBP 2.1788                             82,614 
---  -------------------------------------  -------------------------------------  ----------------------------------- 
 e)   Aggregated information 
       - Aggregated Volume                     82,614 
       - Aggregated Price                      GBP 2.1788 
       - Aggregated Total                      GBP179,999.38 
 f)   Date of the transaction                2020-10-14 
     ===================================== 
 g)   Place of the transaction               Outside a trading venue 
     -------------------------------------  ========================================================================== 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                  Ken Murphy 
 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             Release of shares from an award granted under the rules of the Tesco PLC 
                                            Performance Share 
                                            Plan 2011 on 14 October 2020 
     ------------------------------------ 
 c)   Currency                              GBP 
     ------------------------------------  ------------------------------------  ------------------------------------- 
 d)   Price(s) and volume(s)                Price(s)                              Volume(s) 
                                             GBP 2.215                             82,614 
---  ------------------------------------  ------------------------------------  ------------------------------------- 
 e)   Aggregated information 
       - Aggregated Volume                    82,614 
       - Aggregated Price                     GBP 2.215 
       - Aggregated Total                     GBP182,990.01 
 f)   Date of the transaction               2020-10-14 
     ==================================== 
 g)   Place of the transaction              Outside a trading venue 
     ------------------------------------  =========================================================================== 
 

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October 15, 2020 06:00 ET (10:00 GMT)