TIDMTSCO
RNS Number : 6969M
Tesco PLC
13 May 2020
PDMR SHAREHOLDING
13 May 2020
Tesco PLC (the "Company")
Grant of Awards under the Tesco PLC Deferred Bonus Plan 2019
On 12 May 2020, the members of the Company's Executive Committee
listed below were granted awards over Ordinary Shares of 5 pence
each in the Company under the Tesco PLC Deferred Bonus Plan 2019,
the number of shares being calculated using a market price of
235.58 pence per share.
Name of PDMR No. of shares
subject to award
Dave Lewis 503,411
-------------------
Alan Stewart 273,633
-------------------
Natasha Adams 139,269
-------------------
Alessandra Bellini 158,909
-------------------
Christine Heffernan 89,767
-------------------
Tony Hoggett 202,691
-------------------
Alison Horner 155,752
-------------------
Gerry Mallon 101,215
-------------------
Adrian Morris 155,126
-------------------
Matt Simister 145,173
-------------------
Jason Tarry 201,082
-------------------
Charles Wilson 177,689
-------------------
Andrew Yaxley 166,185
-------------------
The above awards have been made in the form of conditional
shares which will vest and be released on 12 May 2023. subject to
continuous employment with the exception of the award made to Dave
Lewis. The Company's Remuneration Committee has approved good
leaver status for Dave Lewis. Accordingly, his award will vest and
be released on 12 May 2023
For any dividends paid in the period between the grant and
release 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 awards have been granted in respect of the annual deferred
bonus for the 2019/20 Financial Year.
The shares awarded contribute towards the shareholding
guidelines for Executive Directors and Executive Committee members
which are set out in the Directors' Remuneration Report of the
Tesco PLC Annual Report and Financial Statements 2020 ("Directors'
Remuneration Report").
Release of shares and exercise of nil-cost options from the
Tesco PLC Group Bonus Plan (the "GBP"), the Tesco PLC Performance
Share Plan 2011 (the "PSP") and the Tesco PLC Long Term Incentive
Plan 2015 (the "LTIP")
On 11 May 2020, the members of the Company's Executive Committee
listed below received the following Ordinary shares of 5 pence each
in the Company upon their release from share awards, or the
exercise of nil-cost options, granted under the GBP, PSP and
LTIP:
Name of PDMR No. of shares No. of shares No. of No. of
released released shares net shares
(GBP)(1) (PSP)(1) withheld
Natasha Adams 111,127 128,174 112,472 126,829
-------------- -------------- ----------- ------------
Alessandra Bellini 0 256,348 120,484 135,864
-------------- -------------- ----------- ------------
Christine Heffernan 25,846 15,796 19,572 22,070
-------------- -------------- ----------- ------------
Andrew Yaxley 185,644 184,304 173,876 196,072
-------------- -------------- ----------- ------------
Name of PDMR No. of shares No. of shares No. of No. of No. of
exercised exercised shares shares net shares
(GBP)(2) (PSP)(2) exercised withheld
(LTIP)(3)
-------------- -------------- ----------- ------------ ------------
Tony Hoggett 213,078 362,094 0 270,331 304,841
-------------- -------------- ----------- ------------ ------------
Adrian Morris 72,350 0 247,650 150,400 169,600
-------------- -------------- ----------- ------------ ------------
Matt Simister 0 160,000 0 75,200 84,800
-------------- -------------- ----------- ------------ ------------
Jason Tarry 237,809 368,502 0 284,967 321,344
-------------- -------------- ----------- ------------ ------------
1. The shares released were granted on 11 May 2017 with the
exception of GBP shares released to Christine Heffernan which were
granted on 9 May 2018.
2. The shares exercised were granted on 11 May 2017 with the
exception of GBP shares exercised by Adrian Morris which were
granted on 12 May 2016.
3. The shares exercised were granted on 24 July 2015.
The number of shares released/exercised represent the gross
number of shares including dividend equivalent shares which have
accrued between grant and release/exercise . As shown above, shares
have been withheld to cover Income Tax and National Insurance
Contributions due on release/exercise and the net shares have been
transferred to the PDMRs.
The share price on release/exercise was 238.10 pence per
share.
Sale of Ordinary shares
The Company has been notified that on 11 May 2020, the following
members of the Company's Executive Committee sold Ordinary shares
of 5 pence each in the Company as set out below:
Name No. of shares Sale price Date of sale
sold per share
(pence)
Natasha Adams 126,829 237.0764 11 May 2020
-------------- ----------- -------------
Tony Hoggett 304,841 237.0764 11 May 2020
-------------- ----------- -------------
Adrian Morris 169,600 237.60 11 May 2020
-------------- ----------- -------------
Matt Simister 84,800 237.60 11 May 2020
-------------- ----------- -------------
Jason Tarry 321,344 237.60 11 May 2020
-------------- ----------- -------------
Andrew Yaxley 97,681 237.0764 11 May 2020
-------------- ----------- -------------
The Notification of Dealing Forms for each PDMR 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 Deferred
Bonus Plan 2019
------------------------------------
c) Currency GBP
------------------------------------ ------------------------------------ -------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
GBP2.3558 503,411
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 503,411
- Aggregated Price GBP2.3558
- Aggregated Total GBP1,185,935.60
f) Date of the transaction 2020-05-12
=== ====================================
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 Deferred
Bonus Plan 2019
------------------------------------
c) Currency GBP
------------------------------------ ------------------------------------ -------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
GBP2.3558 273,633
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 273,633
- Aggregated Price GBP2.3558
- Aggregated Total GBP644,624.62
f) Date of the transaction 2020-05-12
=== ====================================
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 Deferred
Bonus Plan 2019
------------------------------------
c) Currency GBP
------------------------------------ ------------------------------------ -------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
GBP2.3558 139,269
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 139,269
- Aggregated Price GBP2.3558
- Aggregated Total GBP328,089.91
f) Date of the transaction 2020-05-12
=== ====================================
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 Deferred
Bonus Plan 2019
------------------------------------
c) Currency GBP
------------------------------------ ------------------------------------ -------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
GBP2.3558 158,909
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 158,909
- Aggregated Price GBP2.3558
- Aggregated Total GBP374,357.82
f) Date of the transaction 2020-05-12
=== ====================================
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 Deferred
Bonus Plan 2019
------------------------------------
c) Currency GBP
------------------------------------ ------------------------------------ -------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
GBP2.3558 89,767
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 89,767
- Aggregated Price GBP2.3558
- Aggregated Total GBP211,473.10
f) Date of the transaction 2020-05-12
=== ====================================
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 Deferred
Bonus Plan 2019
------------------------------------
c) Currency GBP
------------------------------------ ------------------------------------ -------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
GBP2.3558 202,691
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 202,691
- Aggregated Price GBP2.3558
- Aggregated Total GBP477,499.46
f) Date of the transaction 2020-05-12
=== ====================================
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 Deferred
Bonus Plan 2019
------------------------------------
c) Currency GBP
------------------------------------ ------------------------------------ -------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
GBP2.3558 155,752
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 155,752
- Aggregated Price GBP2.3558
- Aggregated Total GBP366,920.56
f) Date of the transaction 2020-05-12
=== ====================================
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 Deferred
Bonus Plan 2019
------------------------------------
c) Currency GBP
------------------------------------ ------------------------------------ -------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
GBP2.3558 101,215
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated Volume 101,215
- Aggregated Price GBP2.3558
- Aggregated Total GBP238,442.30
f) Date of the transaction 2020-05-12
====================================
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 Deferred
Bonus Plan 2019
------------------------------------
c) Currency GBP
------------------------------------ ------------------------------------ -------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
GBP2.3558 155,126
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 155,126
- Aggregated Price GBP2.3558
- Aggregated Total GBP365,445.83
f) Date of the transaction 2020-05-12
=== ====================================
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 Deferred
Bonus Plan 2019
------------------------------------
c) Currency GBP
------------------------------------ ------------------------------------ -------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
GBP2.3558 145,173
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 145,173
- Aggregated Price GBP2.3558
- Aggregated Total GBP341,998.55
f) Date of the transaction 2020-05-12
=== ====================================
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 Deferred
Bonus Plan 2019
------------------------------------
c) Currency GBP
------------------------------------ ------------------------------------ -------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
GBP2.3558 201,082
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 201,082
- Aggregated Price GBP2.3558
- Aggregated Total GBP473,708.98
f) Date of the transaction 2020-05-12
====================================
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 Deferred
Bonus Plan 2019
------------------------------------
c) Currency GBP
------------------------------------ ------------------------------------ -------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
GBP2.3558 177,689
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 177,689
- Aggregated Price GBP2.3558
- Aggregated Total GBP418,599.75
f) Date of the transaction 2020-05-12
====================================
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 Deferred
Bonus Plan 2019
------------------------------------
c) Currency GBP
------------------------------------ ------------------------------------ -------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
GBP2.3558 166,185
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 166,185
- Aggregated Price GBP2.3558
- Aggregated Total GBP391,498.62
f) Date of the transaction 2020-05-12
====================================
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 Initial Notification
/Amendment
-------------------------------------
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
GB0008847096
Identification code
b) Nature of the transaction Release of shares from awards granted
under the rules of the Tesco PLC Group
Bonus Plan (GBP) and Tesco PLC Performance
Share Plan 2011 (PSP) both on 11 May
2017
-------------------------------------
c) Currency GBP
------------------------------------- ----------------- ---------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
GBP2.381 (GBP) 111,127
(PSP) 128,174
GBP2.381
--- ------------------------------------- ----------------- ---------------------------
e) Aggregated information
- Aggregated volume 239,301
- Aggregated Price GBP2.381
- Aggregated Total GBP569,775.68
f) Date of the transaction 2020-05-11
=====================================
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 Release of shares from awards granted under the rules of the Tesco PLC
Performance Share Plan
2011 (PSP) on 11 May 2017
------------------------------------
c) Currency GBP
------------------------------------ ------------------------------------ -------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
GBP2.381 256,348
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 256,348
- Aggregated Price GBP2.381
- Aggregated Total GBP610,364.59
f) Date of the transaction 2020-05-11
=== ====================================
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 Initial Notification
/Amendment
--------------------------------------
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
GB0008847096
Identification code
b) Nature of the transaction Release of shares from awards granted
under the rules of the Tesco PLC Group
Bonus Plan (GBP) on 9 May 2018 and Tesco
PLC Performance Share Plan 2011 (PSP)
on 11 May 2017
--------------------------------------
c) Currency GBP
-------------------------------------- ----------------- -------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
GBP2.381 (GBP) 25,846
(PSP) 15,796
GBP2.381
--- -------------------------------------- ----------------- -------------------------
e) Aggregated information
- Aggregated volume 41,642
- Aggregated Price GBP2.381
- Aggregated Total GBP99,149.60
f) Date of the transaction 2020-05-11
======================================
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 Exercise of nil cost options granted
under the rules of the Tesco PLC
Group Bonus Plan (GBP) and Tesco
PLC Performance Share Plan 2011
(PSP) both on 11 May 2017
---------------------------------------
c) Currency GBP
--------------------------------------- -------------- -----------------------
d) Price(s) and volume(s) Price(s) Volume(s)
GBP2.381 (GBP) 213,078
(PSP) 362,094
GBP2.381
--- --------------------------------------- -------------- -----------------------
e) Aggregated information
- Aggregated volume 575,172
- Aggregated Price GBP2.381
- Aggregated Total GBP1,369,484.53
f) Date of the transaction 2020-05-11
=======================================
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 Exercise of nil cost options granted under the rules of the Tesco PLC
Group Bonus Plan (GBP)
on 12 May 2016 and Tesco PLC Long Term Incentive Plan 2015 (LTIP) on 24
July 2015
------------------------------------
c) Currency GBP
------------------------------------ ------------------------------------- ------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
GBP2.381 (GBP) 72,350
(LTIP) 247,650
GBP2.381
--- ------------------------------------ ------------------------------------- ------------------------------------
e) Aggregated information
- Aggregated volume 320,000
- Aggregated Price GBP2.381
- Aggregated Total GBP761,920.00
f) Date of the transaction 2020-05-11
=== ====================================
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 Exercise of nil cost options granted under the rules of the Tesco PLC
Performance Share Plan
2011 (PSP) on 11 May 2017
------------------------------------
c) Currency GBP
------------------------------------ ------------------------------------ -------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
GBP2.381 160,000
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 160,000
- Aggregated Price GBP2.381
- Aggregated Total GBP380,960.00
f) Date of the transaction 2020-05-11
=== ====================================
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 Exercise of nil cost options granted under the rules of the Tesco PLC
Group Bonus Plan (GBP)
and Tesco PLC Performance Share Plan 2011 (PSP) both on 11 May 2017
------------------------------------
c) Currency GBP
------------------------------------ ------------------------------------- ------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
GBP2.381 (GBP) 237,809
(PSP) 368,502
GBP2.381
--- ------------------------------------ ------------------------------------- ------------------------------------
e) Aggregated information
- Aggregated volume 606,381
- Aggregated Price GBP2.381
- Aggregated Total GBP1,443,626.49
f) Date of the transaction 2020-05-11
====================================
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 Release of shares from awards granted
under the rules of the Tesco PLC
Group Bonus Plan (GBP) and Tesco
PLC Performance Share Plan 2011
(PSP) both on 11 May 2017
---------------------------------------
c) Currency GBP
--------------------------------------- -------------- ------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
GBP2.381 (GBP) 185,644
(PSP) 184,304
GBP2.381
--- --------------------------------------- -------------- ------------------------
e) Aggregated information
- Aggregated volume 369,948
- Aggregated Price GBP2.381
- Aggregated Total GBP880,846.19
f) Date of the transaction 2020-05-11
=======================================
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 Initial Notification
/Amendment
---------------------------------------
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
GB0008847096
Identification code
b) Nature of the transaction Sale of Ordinary shares
---------------------------------------
c) Currency GBP
--------------------------------------- ------------------------ ------------------
d) Price(s) and volume(s) Price(s) Volume(s)
GBP2.370764 126,829
--- --------------------------------------- ------------------------ ------------------
e) Aggregated information
- Aggregated volume 126,829
- Aggregated Price GBP2.370764
- Aggregated Total GBP300,681.63
f) Date of the transaction 2020-05-11
=======================================
g) Place of the transaction London Stock Exchange, Main Market (XLON)
--------------------------------------- ============================================
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 Sale of Ordinary shares
-----------------------------------------
c) Currency GBP
----------------------------------------- -------------------- ---------------
d) Price(s) and volume(s) Price(s) Volume(s)
GBP2.370764 304,841
--- ----------------------------------------- -------------------- ---------------
e) Aggregated information
- Aggregated volume 304,841
- Aggregated Price GBP2.370764
- Aggregated Total GBP722,706.07
f) Date of the transaction 2020-05-11
=========================================
g) Place of the transaction London Stock Exchange, Main Market
(XLON)
----------------------------------------- =====================================
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 instrument, Ordinary shares of 5 pence
type of instrument each
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)
GBP2.376 169,600
--- --------------------------------------------------------------- --------------- ---------------
e) Aggregated information
- Aggregated volume 169,600
- Aggregated Price GBP2.376
- Aggregated Total GBP402,969.60
f) Date of the transaction 2020-05-11
=== ===============================================================
g) Place of the transaction London Stock Exchange, Main
Market (XLON)
=== --------------------------------------------------------------- ================================
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 Sale of Ordinary shares
----------------------------------------------------------
c) Currency GBP
---------------------------------------------------------- ------------------ -----------------
d) Price(s) and volume(s) Price(s) Volume(s)
GBP2.376 84,800
--- ---------------------------------------------------------- ------------------ -----------------
e) Aggregated information
- Aggregated volume 84,800
- Aggregated Price GBP2.376
- Aggregated Total GBP201,484.80
f) Date of the transaction 2020-05-11
=== ==========================================================
g) Place of the transaction London Stock Exchange, Main Market
(XLON)
=== ---------------------------------------------------------- =====================================
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)
GBP2.376 321,344
--- ---------------------------------------------------------- ------------------ -----------------
e) Aggregated information
- Aggregated volume 321,344
- Aggregated Price GBP2.376
- Aggregated Total GBP763,513.34
f) Date of the transaction 2020-05-11
==========================================================
g) Place of the transaction London Stock Exchange, Main Market
(XLON)
---------------------------------------------------------- =====================================
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 Sale of Ordinary shares
-----------------------------------------
c) Currency GBP
----------------------------------------- -------------------- ---------------
d) Price(s) and volume(s) Price(s) Volume(s)
GBP2.370764 97,681
--- ----------------------------------------- -------------------- ---------------
e) Aggregated information
- Aggregated volume 97,681
- Aggregated Price GBP2.370764
- Aggregated Total GBP231,578.60
f) Date of the transaction 2020-05-11
=========================================
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
DSHKLLFFBELBBBD
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