Tesco PLC Director/PDMR Shareholding (3736L)

TIDMTSCO

RNS Number : 3736L

Tesco PLC

18 April 2018

PDMR SHAREHOLDING

18 April 2018

Tesco PLC (the "Company")

Exercise of nil-cost options under the Tesco PLC Long Term Incentive Plan 2015 (the LTIP")

On 17 April 2018, Matt Davies, a member of the Company's Executive Committee, exercised nil-cost options over 307,845 Ordinary Shares of 5 pence each in the Company from an award granted on 6 July 2015 under the rules of the LTIP.

This represents the gross number of shares exercised. A proportion of the shares exercised have been retained to cover Income Tax and National Insurance Contributions due on exercise and the net shares have been transferred to Matt.

The share price on exercise was 235.90 pence per share.

The Notification of Dealing Form 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                                  Matt Davies 
 2    Reason for the notification 
 a)   Position/status                       UK & ROI CEO 
     ==================================== 
 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 under the rules of the Tesco PLC Long Term 
                                            Incentive Plan 2015 
     ------------------------------------ 
 c)   Currency                              GBP 
     ------------------------------------  ------------------------------------  ------------------------------------- 
 d)   Price(s) and volume(s)                Price(s)                              Volume(s) 
                                             GBP2.359                              307,845 
---  ------------------------------------  ------------------------------------  ------------------------------------- 
 e)   Aggregated information 
       - Aggregated Volume                    307,845 
       - Aggregated Price                     GBP2.359 
       - Aggregated Total                     GBP726,206.36 
 f)   Date of the transaction               2018-04-17 
     ==================================== 
 g)   Place of the transaction              Outside a trading venue 
     ------------------------------------  ===========================================================================

This information is provided by RNS

The company news service from the London Stock Exchange

END

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