TIDMTSCO
RNS Number : 1265S
Tesco PLC
06 July 2020
PDMR SHAREHOLDING
6 July 2020
Tesco PLC (the "Company")
Grant of Awards under the Tesco PLC Performance Share Plan 2011
(the "PSP")
On 3 July 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 PSP, the number of shares being
calculated using a market price of 227.2 pence per share.
PDMR Number of Shares
subject to award
Alan Stewart 907,790
Natasha Adams 425,836
Alessandra Bellini 485,255
Christine Heffernan 272,337
Tony Hoggett 618,948
Alison Horner 502,585
Gerry Mallon 445,642
Adrian Morris 473,703
Matt Simister 495,158
Jason Tarry 628,851
Charles Wilson 569,432
Andrew Yaxley 495,158
The above awards have been made in the form of conditional
shares which will vest on 3 July 2023 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
2020.
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 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)
GBP2.272 907,790
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 907,790
- Aggregated Price GBP2.272
- Aggregated Total GBP2,062,498.88
f) Date of the transaction 2020-07-03
=== ====================================
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)
GBP2.272 425,836
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 425,836
- Aggregated Price GBP2.272
- Aggregated Total GBP967,499.39
f) Date of the transaction 2020-07-03
=== ====================================
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)
GBP2.272 485,255
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 485,255
- Aggregated Price GBP2.272
- Aggregated Total GBP1,102,499.36
f) Date of the transaction 2020-07-03
=== ====================================
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)
GBP2.272 272,337
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 272,337
- Aggregated Price GBP2.272
- Aggregated Total GBP618,749.66
f) Date of the transaction 2020-07-03
=== ====================================
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)
GBP2.272 618,948
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 618,948
- Aggregated Price GBP2.272
- Aggregated Total GBP1,406,249.86
f) Date of the transaction 2020-07-03
=== ====================================
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)
GBP2.272 502,585
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 502,585
- Aggregated Price GBP2.272
- Aggregated Total GBP1,141,873.12
f) Date of the transaction 2020-07-03
=== ====================================
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)
GBP2.272 445,642
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 445,642
- Aggregated Price GBP2.272
- Aggregated Total GBP1,012,498.62
f) Date of the transaction 2020-07-03
=== ====================================
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)
GBP2.272 473,703
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 473,703
- Aggregated Price GBP2.272
- Aggregated Total GBP1,076,253.22
f) Date of the transaction 2020-07-03
=== ====================================
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)
GBP2.272 495,158
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 495,158
- Aggregated Price GBP2.272
- Aggregated Total GBP1,124,998.98
f) Date of the transaction 2020-07-03
=== ====================================
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)
GBP2.272 628,851
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 628,851
- Aggregated Price GBP2.272
- Aggregated Total GBP1,428,749.47
f) Date of the transaction 2020-07-03
====================================
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)
GBP2.272 569,432
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 569,432
- Aggregated Price GBP2.272
- Aggregated Total GBP1,293,749.50
f) Date of the transaction 2020-07-03
====================================
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)
GBP2.272 495,158
--- ------------------------------------ ------------------------------------ -------------------------------------
e) Aggregated information
- Aggregated volume 495,158
- Aggregated Price GBP2.272
- Aggregated Total GBP1,124,998.98
f) Date of the transaction 2020-07-03
====================================
g) Place of the transaction Outside a trading venue
------------------------------------ ===========================================================================
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END
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