Tesco PLC Director/PDMR Shareholding (9890P)

TIDMTSCO

RNS Number : 9890P

Tesco PLC

23 June 2022

DIRECTOR/PDMR SHAREHOLDING

23 June 2022

Tesco PLC

Sale of Shares

Tesco PLC (the "Company") has been notified that on 23 June 2022, the following member of the Company's Executive Committee sold Ordinary shares of 61/3 pence each in the Company as set out below:

 
 Name            Number of shares   Sale price      Date of sale 
                  sold               per Ordinary 
                                     share 
 Natasha Adams   144,372            GBP2.47501      23 June 2022 
                -----------------  --------------  ------------- 
 Greig Adams*    144,372            GBP2.47456      23 June 2022 
                -----------------  --------------  ------------- 
 

*Person closely associated

Release of shares granted under Listing Rule 9.4.2

On 21 June 2022, Imran Nawaz, an Executive Director , received 306,266 Ordinary shares of 61/3 pence each in the Company upon their release from Tranche 4 of his buyout award granted under a Listing Rule 9.4.2 arrangement on 4 May 2021 (see announcement made on 6 May 2021).

This represents the gross number of shares released. Of those shares released, 147,774 shares have been withheld to cover Income Tax and National Insurance Contributions due on release. T he net shares have been transferred to Imran and are subject to a post-vesting holding period until 31 March 2024.

The number of shares released has been determined by the vesting level of the Tate and Lyle PLC 2019 Performance Share Plan award.

The share price on release was 249.8 pence per share.

The Notification of Dealing Forms can be found below. This announcement is made in accordance with Article 19 of the Market Abuse 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                                                           Natasha Adams 
 2    Reason for the notification 
 a)   Position/status                                                CEO 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 instrument, type of instrument    Ordinary shares of 6 1/3 pence each 
 
       Identification code 
                                                                      GB00BLGZ9862 
 b)   Nature of the transaction                                      Sale of Ordinary shares 
     ------------------------------------------------------------- 
 c)   Currency                                                       GBP 
     -------------------------------------------------------------  ---------------------  --------------------- 
 d)   Price(s) and volume(s)                                         Price(s)               Volume(s) 
                                                                      GBP2.47501             144,372 
                                                                                             144,372 
                                                                      GBP2.47456 
---  -------------------------------------------------------------  ---------------------  --------------------- 
 e)   Aggregated information 
       - Aggregated volume                                             144,372                144,372 
       - Aggregated Price 
       - Aggregated Total                                              GBP2.47501             GBP2.47456 
 
                                                                       GBP357,322.14          GBP357,257.18 
 f)   Date of the transaction                                        2022-06-23 
     ============================================================= 
 g)   Place of the transaction                                       London Stock Exchange, Main Market (XLON) 
     -------------------------------------------------------------  ============================================ 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                          Imran Nawaz 
 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 instrument,      Ordinary shares of 6 1/3 pence each 
      type of instrument 
 
      Identification code                            GB00BLGZ9862 
 b)   Nature of the transaction                     Release of shares awarded under a Listing Rule 9.4.2 arrangement 
     -------------------------------------------- 
 c)   Currency                                      GBP 
     --------------------------------------------  ----------------------------------  ------------------------------- 
 d)   Price(s) and volume(s)                        Price(s)                            Volume(s) 
                                                     GBP2.498                            306,266 
---  --------------------------------------------  ----------------------------------  ------------------------------- 
 e)   Aggregated information 
       - Aggregated volume                            306,266 
       - Aggregated Price 
       - Aggregated Total                             GBP2.498 
 
                                                      GBP765,052.47 
 f)   Date of the transaction                       2022-06-21 
     ============================================ 
 g)   Place of the transaction                      Outside a trading venue 
     --------------------------------------------  =================================================================== 
 

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June 23, 2022 09:00 ET (13:00 GMT)