TIDMTSCO
RNS Number : 9255C
Tesco PLC
21 June 2019
PDMR SHAREHOLDING
21 June 2019
Tesco PLC (the "Company")
Grant of Awards under the Tesco PLC Performance Share Plan 2011
(the "PSP")
On 20 June 2019, the persons listed below were granted awards
over Ordinary Shares of 5 pence each in the Company under the PSP,
the number of shares being calculated using a market price of
230.28 pence per share.
PDMR Number of Shares
subject to award
Dave Lewis 1,492,747
Alan Stewart 895,648
Natasha Adams 390,828
Alessandra Bellini 449,452
Christine Heffernan 244,267
Tony Hoggett 610,669
Alison Horner 495,863
Gerry Mallon 439,682
Adrian Morris 467,367
Matt Simister 439,682
Jason Tarry 620,440
Charles Wilson 561,816
Andrew Yaxley 488,535
The above awards have been made in the form of conditional
shares which will vest on 20 June 2022 subject to the achievement
of the Earnings Per Share and Free Cash Flow performance targets
over the performance period, as outlined in the Directors'
Remuneration Report of the Tesco PLC Annual Report and Financial
Statements 2019.
The vested shares will be subject to a post-vesting holding
period of two years from the vesting date.
For any dividends paid in the period between the grant and
vesting of conditional shares, the number of shares in each case
will be increased to reflect the dividends that would have accrued
had they been reinvested in shares.
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: 07793 222569
LEI Number: 2138002P5RNKC5W2JZ46
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Dave Lewis
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 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)
GBP2.3028 1,492,747
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 1,492,747
- Aggregated Price GBP2.3028
- Aggregated Total GBP3,437,497.79
f) Date of the transaction 2019-06-20
=== ====================================
g) Place of the transaction Outside a trading venue
=== ------------------------------------ ===========================================================================
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Alan Stewart
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 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)
GBP2.3028 895,648
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 895,648
- Aggregated Price GBP2.3028
- Aggregated Total GBP2,062,498.21
f) Date of the transaction 2019-06-20
=== ====================================
g) Place of the transaction Outside a trading venue
=== ------------------------------------ ===========================================================================
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Natasha Adams
2 Reason for the notification
a) Position/status Chief People 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 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)
GBP2.3028 390,828
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 390,828
- Aggregated Price GBP2.3028
- Aggregated Total GBP899,998.72
f) Date of the transaction 2019-06-20
=== ====================================
g) Place of the transaction Outside a trading venue
=== ------------------------------------ ===========================================================================
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Alessandra Bellini
2 Reason for the notification
a) Position/status Chief Customer 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 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)
GBP2.3028 449,452
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 449,452
- Aggregated Price GBP2.3028
- Aggregated Total GBP1,034,998.07
f) Date of the transaction 2019-06-20
=== ====================================
g) Place of the transaction Outside a trading venue
=== ------------------------------------ ===========================================================================
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Christine Heffernan
2 Reason for the notification
a) Position/status Group Communications Director
====================================
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)
GBP2.3028 244,267
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 244,267
- Aggregated Price GBP2.3028
- Aggregated Total GBP562,498.05
f) Date of the transaction 2019-06-20
=== ====================================
g) Place of the transaction Outside a trading venue
=== ------------------------------------ ===========================================================================
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Tony Hoggett
2 Reason for the notification
a) Position/status Group Chief Operations 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 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)
GBP2.3028 610,669
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 610,669
- Aggregated Price GBP2.3028
- Aggregated Total GBP1,406,248.57
f) Date of the transaction 2019-06-20
=== ====================================
g) Place of the transaction Outside a trading venue
=== ------------------------------------ ===========================================================================
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Alison Horner
2 Reason for the notification
a) Position/status CEO, Asia
====================================
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)
GBP2.3028 495,863
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 495,863
- Aggregated Price GBP2.3028
- Aggregated Total GBP1,141,873.32
f) Date of the transaction 2019-06-20
=== ====================================
g) Place of the transaction Outside a trading venue
=== ------------------------------------ ===========================================================================
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)
GBP2.3028 439,682
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 439,682
- Aggregated Price GBP2.3028
- Aggregated Total GBP1,012,499.71
f) Date of the transaction 2019-06-20
=== ====================================
g) Place of the transaction Outside a trading venue
=== ------------------------------------ ===========================================================================
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Adrian Morris
2 Reason for the notification
a) Position/status Group General Counsel
====================================
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)
GBP2.3028 467,367
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 467,367
- Aggregated Price GBP2.3028
- Aggregated Total GBP1,076,252.73
f) Date of the transaction 2019-06-20
=== ====================================
g) Place of the transaction Outside a trading venue
=== ------------------------------------ ===========================================================================
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Matt 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 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)
GBP2.3028 439,682
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 439,682
- Aggregated Price GBP2.3028
- Aggregated Total GBP1,012,499.71
f) Date of the transaction 2019-06-20
=== ====================================
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 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)
GBP2.3028 620,440
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 620,440
- Aggregated Price GBP2.3028
- Aggregated Total GBP1,428,749.23
f) Date of the transaction 2019-06-20
====================================
g) Place of the transaction Outside a trading venue
------------------------------------ ===========================================================================
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Charles Wilson
2 Reason for the notification
a) Position/status CEO, Booker
====================================
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)
GBP2.3028 561,816
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 561,816
- Aggregated Price GBP2.3028
- Aggregated Total GBP1,293,749.88
f) Date of the transaction 2019-06-20
====================================
g) Place of the transaction Outside a trading venue
------------------------------------ ===========================================================================
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Andrew Yaxley
2 Reason for the notification
a) Position/status Chief Product 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 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)
GBP2.3028 488,535
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 488,535
- Aggregated Price GBP2.3028
- Aggregated Total GBP1,124,998.40
f) Date of the transaction 2019-06-20
====================================
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 rns@lseg.com or visit www.rns.com.
END
DSHFBLFLKQFEBBL
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