PDMR SHAREHOLDING
16 August 2021
Tesco PLC (the "Company")
Release of shares from the Tesco PLC Performance Share Plan 2011 (PSP)
On 13 August 2021, Gerry Mallon, a member of the Company's Executive Committee, received 99,412 Ordinary shares of 6 1/3 pence each in the Company upon their release from a share award granted on 13 August 2018 under the rules of the PSP.
This represents the gross number of shares released including dividend equivalent shares which have accrued between grant and release. Of those shares released, 47,718 shares have been withheld to cover Income Tax and National Insurance Contributions due on release. The net shares have been transferred to Gerry and are subject to a post-vesting holding period until 13 August 2023.
The share price on release was 242.95 pence per share.
The Notification of Dealing Form can be found below. This announcement is made in accordance with the UK Market Abuse Regulation (Regulation (EU) 596/2014, as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018).
For enquiries, please contact:
Robert Welch, Company Secretary
Tesco PLC
Tesco House
Shire Park
Kestrel Way
Welwyn Garden City
Hertfordshire
AL7 1GA
Tel: 07793 222569
LEI Number: 2138002P5RNKC5W2JZ46
| 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 instrument, type of instrument
Identification code
| Ordinary shares of 6 1/3 pence each
GB00BLGZ9862 | |
| b) | Nature of the transaction | Release of shares awarded under the rules of the Tesco PLC Performance Share Plan 2011 | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £2.4295 | Volume(s) 99,412 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
99,412
£2.4295
£241,521.45 | |
| f) | Date of the transaction | 2021-08-13 | |
| g) | Place of the transaction | Outside a trading venue | |
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