TIDMTSCO

RNS Number : 6238N

Tesco PLC

10 May 2018

PDMR SHAREHOLDING

10 May 2018

Tesco PLC (the "Company")

Grant of Awards under the Tesco PLC 2014 Executive Incentive Plan (the "EIP") and the Tesco PLC Group Bonus Plan (the "GBP")

On 9 May 2018, the persons listed below were granted awards over Ordinary Shares of 5 pence each in the Company under the EIP and GBP, the number of shares being calculated using a market price of 238.26 pence per share.

The awards have been granted in respect of the annual deferred bonus for the 2017/18 Financial Year.

 
 PDMR            Number of Shares 
                  subject to award 
                  (EIP) 
 Dave Lewis           477,485 
 Alan Stewart         261,808 
 
 PDMR            Number of Shares 
                  subject to award 
                  (GBP) 
 Alessandra 
  Bellini             68,026 
 Tony Hoggett         154,612 
 Alison Horner        146,822 
 Jane Lawrie          84,300 
 Adrian Morris        148,403 
 Matt Simister        135,003 
 Jason Tarry          167,967 
 

The above awards have been made in the form of conditional shares which will vest and be released on 9 May 2021, subject to continuous employment.

The number of conditional shares in each case will be increased to reflect the dividends that would have accrued in the period between grant and vesting had they been reinvested in shares.

The conditional shares granted under the EIP and GBP contribute towards the shareholding guidelines for Executive Directors and Executive Committee members which are set out in the Directors' Remuneration Report of the Tesco PLC Annual Report and Financial Statements 2018 ("Directors' Remuneration Report").

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                                  Dave Lewis 
===  ------------------------------------  =========================================================================== 
 2    Reason for the notification 
 a)   Position/status                       Group Chief Executive 
===  ====================================  =========================================================================== 
 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 2014 
                                            Executive Incentive Plan 
     ------------------------------------ 
 c)   Currency                              GBP 
===  ------------------------------------  ------------------------------------  ------------------------------------- 
 d)   Price(s) and volume(s)                Price(s)                              Volume(s) 
                                             GBP2.3826                             477,485 
---  ------------------------------------  ------------------------------------  ------------------------------------- 
 e)   Aggregated information 
       - Aggregated volume                    477,485 
       - Aggregated Price                     GBP2.3826 
       - Aggregated Total                     GBP1,137,655.76 
--- 
 f)   Date of the transaction               2018-05-09 
===  ====================================  =========================================================================== 
 g)   Place of the transaction              Outside a trading venue 
===  ------------------------------------  =========================================================================== 
 
 
 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 2014 
                                            Executive Incentive Plan 
     ------------------------------------ 
 c)   Currency                              GBP 
===  ------------------------------------  ------------------------------------  ------------------------------------- 
 d)   Price(s) and volume(s)                Price(s)                              Volume(s) 
                                             GBP2.3826                             261,808 
---  ------------------------------------  ------------------------------------  ------------------------------------- 
 e)   Aggregated information 
       - Aggregated volume                    261,808 
       - Aggregated Price                     GBP2.3826 
       - Aggregated Total                     GBP623,783.74 
--- 
 f)   Date of the transaction               2018-05-09 
===  ====================================  =========================================================================== 
 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 Group Bonus 
                                             Plan 
     ------------------------------------- 
 c)   Currency                               GBP 
===  -------------------------------------  -------------------------------------  ----------------------------------- 
 d)   Price(s) and volume(s)                 Price(s)                               Volume(s) 
                                              GBP2.3826                              68,026 
---  -------------------------------------  -------------------------------------  ----------------------------------- 
 e)   Aggregated information 
       - Aggregated volume                     68,026 
       - Aggregated Price                      GBP2.3826 
       - Aggregated Total                      GBP162,078.75 
--- 
 f)   Date of the transaction                2018-05-09 
===  =====================================  ========================================================================== 
 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                        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 Group Bonus 
                                             Plan 
     ------------------------------------- 
 c)   Currency                               GBP 
===  -------------------------------------  -------------------------------------  ----------------------------------- 
 d)   Price(s) and volume(s)                 Price(s)                               Volume(s) 
                                              GBP2.3826                              154,612 
---  -------------------------------------  -------------------------------------  ----------------------------------- 
 e)   Aggregated information 
       - Aggregated volume                     154,612 
       - Aggregated Price                      GBP2.3826 
       - Aggregated Total                      GBP368,378.55 
--- 
 f)   Date of the transaction                2018-05-09 
===  =====================================  ========================================================================== 
 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                        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 Group Bonus 
                                             Plan 
     ------------------------------------- 
 c)   Currency                               GBP 
===  -------------------------------------  -------------------------------------  ----------------------------------- 
 d)   Price(s) and volume(s)                 Price(s)                               Volume(s) 
                                              GBP2.3826                              146,822 
---  -------------------------------------  -------------------------------------  ----------------------------------- 
 e)   Aggregated information 
       - Aggregated volume                     146,822 
       - Aggregated Price                      GBP2.3826 
       - Aggregated Total                      GBP349,818.10 
--- 
 f)   Date of the transaction                2018-05-09 
===  =====================================  ========================================================================== 
 g)   Place of the transaction               Outside a trading venue 
===  -------------------------------------  ========================================================================== 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                   Jane Lawrie 
===  -------------------------------------  ========================================================================== 
 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 Group Bonus 
                                             Plan 
     ------------------------------------- 
 c)   Currency                               GBP 
===  -------------------------------------  -------------------------------------  ----------------------------------- 
 d)   Price(s) and volume(s)                 Price(s)                               Volume(s) 
                                              GBP2.3826                              84,300 
---  -------------------------------------  -------------------------------------  ----------------------------------- 
 e)   Aggregated information 
       - Aggregated volume                     84,300 
       - Aggregated Price                      GBP2.3826 
       - Aggregated Total                      GBP200,853.18 
--- 
 f)   Date of the transaction                2018-05-09 
===  =====================================  ========================================================================== 
 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 Group Bonus 
                                             Plan 
     ------------------------------------- 
 c)   Currency                               GBP 
===  -------------------------------------  -------------------------------------  ----------------------------------- 
 d)   Price(s) and volume(s)                 Price(s)                               Volume(s) 
                                              GBP2.3826                              148,403 
---  -------------------------------------  -------------------------------------  ----------------------------------- 
 e)   Aggregated information 
       - Aggregated volume                     148,403 
       - Aggregated Price                      GBP2.3826 
       - Aggregated Total                      GBP353,584.99 
--- 
 f)   Date of the transaction                2018-05-09 
===  =====================================  ========================================================================== 
 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 Group Bonus 
                                             Plan 
     ------------------------------------- 
 c)   Currency                               GBP 
===  -------------------------------------  -------------------------------------  ----------------------------------- 
 d)   Price(s) and volume(s)                 Price(s)                               Volume(s) 
                                              GBP2.3826                              135,003 
---  -------------------------------------  -------------------------------------  ----------------------------------- 
 e)   Aggregated information 
       - Aggregated volume                     135,003 
       - Aggregated Price                      GBP2.3826 
       - Aggregated Total                      GBP321,658.15 
--- 
 f)   Date of the transaction                2018-05-09 
===  =====================================  ========================================================================== 
 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                        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 Group Bonus 
                                             Plan 
     ------------------------------------- 
 c)   Currency                               GBP 
===  -------------------------------------  -------------------------------------  ----------------------------------- 
 d)   Price(s) and volume(s)                 Price(s)                               Volume(s) 
                                              GBP2.3826                              167,967 
---  -------------------------------------  -------------------------------------  ----------------------------------- 
 e)   Aggregated information 
       - Aggregated volume                     167,967 
       - Aggregated Price                      GBP2.3826 
       - Aggregated Total                      GBP400,198.17 
--- 
 f)   Date of the transaction                2018-05-09 
---  =====================================  ========================================================================== 
 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

DSHEBLBFVEFEBBX

(END) Dow Jones Newswires

May 10, 2018 02:10 ET (06:10 GMT)

Tesco (LSE:TSCO)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Tesco Charts.
Tesco (LSE:TSCO)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Tesco Charts.