Tesco PLC Director/PDMR Shareholding (8392D)

TIDMTSCO

RNS Number : 8392D

Tesco PLC

01 July 2021

PDMR SHAREHOLDING

1 July 2021

Tesco PLC (the "Company")

Release of shares under the Tesco PLC Performance Share Plan 2011

On 30 June 2021, Gerry Mallon, a member of the Company's Executive Committee, received 16,849 Ordinary shares of 6 1/3 pence each in the Company upon their release from a share award granted under the rules of the Tesco PLC Performance Share Plan 2011 on 13 August 2018.

This represents the gross number of shares released including dividend equivalent shares which have accrued between grant and vesting. Of those shares released, 8,088 shares have been withheld to cover Income Tax and National Insurance Contributions due on release. T he net shares have been transferred to Gerry and are subject to a post-vesting holding period of six months.

The share price on release was 222.95 pence per share.

The Notification of Dealing Form can be found below. This announcement is made in accordance with the UK Market Abuse Regulation (Regulation (EU) 596/2014, as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018).

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 6 1/3 pence each 
      instrument, type of instrument 
 
      Identification code                    GB00BLGZ9862 
 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) 
                                             GBP2.2295                             16,849 
---  ------------------------------------  ------------------------------------  ------------------------------------- 
 e)   Aggregated information 
       - Aggregated volume                    16,849 
       - Aggregated Price 
       - Aggregated Total                     GBP2.2295 
 
                                              GBP37,564.85 
 f)   Date of the transaction               2021-06-30 
     ==================================== 
 g)   Place of the transaction              Outside a trading venue 
     ------------------------------------  =========================================================================== 
 

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July 01, 2021 06:00 ET (10:00 GMT)