PDMR SHAREHOLDING
14 April 2022
Tesco PLC (the "Company")
Release of shares granted under Listing Rule 9.4.2
On 13 April 2022, Imran Nawaz, an Executive Director, received 40,825 Ordinary shares of 6 1/3 pence each in the Company upon their release from Tranche 3 of his buyout award granted under a Listing Rule 9.4.2 arrangement on 4 May 2021 (see announcement made on 6 May 2021).
This represents the gross number of shares released including dividend equivalent shares which have accrued between grant and vesting. Of those shares released, 19,699 shares have been withheld to cover Income Tax and National Insurance Contributions due on release. The net shares have been transferred to Imran and must be retained under the Company's Shareholding Policy.
Release of shares under the Tesco PLC Performance Share Plan 2011
On 13 April 2022, Gerry Mallon, a member of the Company's Executive Committee, received 48,197 Ordinary shares of 6 1/3 pence each in the Company upon their release from share awards granted under the rules of the Tesco PLC Performance Share Plan 2011 on 13 August 2018.
This represents the gross number of shares released including dividend equivalent shares which have accrued between grant and vesting. Of those shares released, 23,738 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 post-vesting holding period of six months.
The share price on release of the above awards was 265.20 pence per share.
The Notification of Dealing Form for each PDMR can be found below. This announcement is made in accordance with Article 19 of the 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 | Imran Nawaz | |
| 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 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 a Listing Rule 9.4.2 arrangement | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £2.652 | Volume(s) 40,825 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
40,825
£2.652
£108,267.90 | |
| f) | Date of the transaction | 2022-04-13 | |
| 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 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) £2.652 | Volume(s) 48,197 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
48,197
£2.652
£127,818.44 | |
| f) | Date of the transaction | 2022-04-13 | |
| g) | Place of the transaction | Outside a trading venue | |
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
