Tesco PLC Director/PDMR Shareholding (7193O)
October 03 2019 - 10:30AM
UK Regulatory
TIDMTSCO
RNS Number : 7193O
Tesco PLC
03 October 2019
PDMR SHAREHOLDING
3 October 2019
Tesco PLC (the "Company")
Exercise of nil-cost options under the Tesco PLC Performance
Share Plan 2011 (the "PSP") and Tesco PLC Long Term Incentive Plan
2015 (the "LTIP")
Tesco PLC (the "Company") has been notified that on 2 October
2019, Jason Tarry, a member of the Company's Executive Committee,
exercised nil-cost options over 566,631 Ordinary Shares of 5 pence
each in the Company from awards granted under the rules of the PSP
and LTIP as set out below:
Shares Grant Date No. of shares
Plan under option
PSP 24/07/2015 175,850
------------ --------------
LTIP 24/07/2015 390,781
------------ --------------
Total 566,631
--------------
This represents the gross number of shares exercised. Of those
shares exercised, 266,317 shares have been retained to cover Income
Tax and National Insurance Contributions due on exercise and the
net shares have been transferred to Jason.
The share price on exercise was 240.00 pence per share.
Sale of Ordinary shares
The Company has been notified of the following transactions
undertaken by Persons Discharging Managerial Responsibilities
("PDMRs"):
PDMR Stock description Date Quantity Share Transaction Total consideration
price type
Jason Tesco PLC 02/10/2019 293,328 GBP2.390 Sale GBP701,054
Tarry - Ordinary
shares of
5p each
------------------ ----------- --------- --------- ------------ --------------------
Matthew Tesco PLC 02/10/2019 202,653 GBP2.395 Sale GBP485,354
Simister - Ordinary
shares of
5p each
------------------ ----------- --------- --------- ------------ --------------------
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 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 Exercise of nil-cost options under the rules of the Tesco PLC Performance
Share Plan 2011
and Tesco PLC Long Term Incentive Plan 2015
------------------------------------
c) Currency GBP
------------------------------------ ------------------------------------ -------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
GBP2.40 566,631
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated Volume 566,631
- Aggregated Price GBP2.40
- Aggregated Total GBP1,359,914.40
f) Date of the transaction 2019-10-02
====================================
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 Sale of Ordinary shares
-----------------------------------------------------------
c) Currency GBP
----------------------------------------------------------- ----------------- ------------------
d) Price(s) and volume(s) Price(s) Volume(s)
GBP2.39 293,328
--- ----------------------------------------------------------- ----------------- ------------------
e) Aggregated information
- Aggregated Volume 293,328
- Aggregated Price GBP2.39
- Aggregated Total GBP701,053.92
f) Date of the transaction 2019-10-02
===========================================================
g) Place of the transaction London Stock Exchange, Main Market
(XLON)
----------------------------------------------------------- =====================================
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Matthew 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 Sale of Ordinary shares
----------------------------------------------------------
c) Currency GBP
---------------------------------------------------------- ------------------ -----------------
d) Price(s) and volume(s) Price(s) Volume(s)
GBP2.395 202,653
--- ---------------------------------------------------------- ------------------ -----------------
e) Aggregated information
- Aggregated Volume 202,653
- Aggregated Price GBP2.395
- Aggregated Total GBP485,353.94
f) Date of the transaction 2019-10-02
==========================================================
g) Place of the transaction London Stock Exchange, Main Market
(XLON)
---------------------------------------------------------- =====================================
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
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