PDMR SHAREHOLDING
4 July 2022
Tesco PLC (the "Company")
1. Release of shares under the Tesco PLC Performance Share Plan 2011
On 30 June 2022, Gerry Mallon, a member of the Company's Executive Committee, received 16,728 Ordinary shares of 6 1/3 pence each in the Company upon their release from a share award 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, 8,239 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 of six months.
The share price on release was 255.5 pence per share.
2. Dividend Reinvestment Plan ("DRIP")
The Company has been notified that the following PDMR acquired a further interest in the Company's shares as a result of their participation in the Company's DRIP directly or through a nominee service as set out below:
| Name of PDMR | Number of shares | Price per share | Date acquired |
| Bertrand Bodson | 1,310 | £2.56061 | 27 June 2022 |
3. Sale of Ordinary Shares of 6⅓ pence
The Company has been notified that the following member of the Company's Executive Committee sold Ordinary shares of 6⅓ pence each in the Company as set out below:
| Name of PDMR | Number of shares | Price per share | Date of sale |
| Alessandra Bellini | 321,426 | £2.574 | 4 July 2022 |
The Notification of Dealing Forms 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) £2.555 | Volume(s) 16,728 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
16,728
£2.555
£42,740.04 | |
| f) | Date of the transaction | 2022-06-30 | |
| g) | Place of the transaction | Outside a trading venue | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Bertrand Bodson | |
| 2 | Reason for the notification | ||
| a) | Position/status | Non-executive 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 instrument, type of instrument
Identification code | Ordinary shares of 6 1/3 pence each
GB00BLGZ9862 | |
| b) | Nature of the transaction | The acquisition of shares through the Company's Dividend Reinvestment Plan. | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £2.56061 | Volume(s) 1,310 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
1,310
£2.56061
£3,354.40 | |
| f) | Date of the transaction | 2022-06-27 | |
| g) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |
| 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 instrument, type of instrument
Identification code | Ordinary shares of 6 1/3 pence each
GB00BLGZ9862 | |
| b) | Nature of the transaction | Sale of Ordinary shares | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £2.574 | Volume(s) 321,426 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
321,426
£2.574
£827,350.52 | |
| f) | Date of the transaction | 2022-07-04 | |
| g) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |
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.
