TIDMTSCO

RNS Number : 4431T

Tesco PLC

03 July 2018

3 July 2018

Tesco PLC

DIRECTOR SHAREHOLDINGS

Tesco PLC (the "Company") announces that it has been notified of the following transactions undertaken by Directors of the Company:

Exercise of Nil Cost Option

On 2 July 2018, Charles Wilson, CEO UK and ROI, received 1,500,647 Ordinary shares of 5 pence each in the Company upon the exercise of a nil cost option granted under the rules of the Booker Group plc Performance Share Plan 2008.

The nil cost option was granted on 3 July 2008 as a nil cost option over 1.4 million Booker Group plc ordinary shares which Mr Wilson released in consideration for a nil cost option over 1,500,647 Ordinary Shares of 5 pence each in Company granted on 6 March 2018, following the completion of the merger of the Company and Booker Group plc.

The nil cost option was due to expire on 3 July 2018, the tenth anniversary of the original grant date.

The number of shares received represent the gross number of shares exercised. Mr Wilson has paid the Income Tax and National Insurance Contributions due on exercise using his own funds and the shares have been transferred to him.

The share price on exercise was 256.10 pence per share.

Dividend Reinvestment

The following transaction was undertaken by a Director of the Company in American Depositary Receipts (ADRs) in the Company as set out below:

 
 Name of              Transaction     Number of        Purchase   Date acquired 
  Director                             ADRs acquired    price 
                                                        per ADR 
-------------------  --------------  ---------------  ---------  -------------- 
 Deanna Oppenheimer   Dividend        283              US$10.16   29 June 2018 
                       reinvestment 
-------------------  --------------  ---------------  ---------  -------------- 
 

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                                  Charles Wilson 
===  ------------------------------------  =========================================================================== 
 2    Reason for the notification 
 a)   Position/status                       CEO UK and ROI 
===  ====================================  =========================================================================== 
 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 a nil cost option granted under the rules of the Booker Group 
                                            plc Performance 
                                            Share Plan 2008 
     ------------------------------------ 
 c)   Currency                              GBP 
===  ------------------------------------  ------------------------------------  ------------------------------------- 
 d)   Price(s) and volume(s)                Price(s)                              Volume(s) 
                                             GBP 2.561                             1,500,647 
---  ------------------------------------  ------------------------------------  ------------------------------------- 
 e)   Aggregated information 
       - Aggregated volume                    1,500,647 
       - Aggregated Price                     GBP2.561 
       - Aggregated Total                     GBP3,843,156.97 
--- 
 f)   Date of the transaction               2018-07-02 
---  ====================================  =========================================================================== 
 g)   Place of the transaction              Outside a trading venue 
---  ------------------------------------  =========================================================================== 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                  Deanna Oppenheimer 
===  ------------------------------------  =========================================================================== 
 2    Reason for the notification 
 a)   Position/status                       Director (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          American Depositary Receipts (each American Depositary Receipt is 
      instrument, type of instrument        equivalent to three Ordinary 
                                            shares of 5 pence each in Tesco PLC) 
 
                                            ISIN: US8815753020 
      Identification code 
===  ------------------------------------  =========================================================================== 
 b)   Nature of the transaction             Dividend reinvestment in American Depositary Receipts 
     ------------------------------------ 
 c)   Currency                              USD 
===  ------------------------------------  ------------------------------------  ------------------------------------- 
 d)   Price(s) and volume(s)                Price(s)                              Volume(s) 
                                             US$10.16                              283 
---  ------------------------------------  ------------------------------------  ------------------------------------- 
 e)   Aggregated information 
       - Aggregated volume                    283 
       - Aggregated Price                     US$10.16 
       - Aggregated Total 
                                              US$2,875.28 
--- 
 f)   Date of the transaction               2018-06-29 
===  ====================================  =========================================================================== 
 g)   Place of the transaction              United States (OTC) 
===  ====================================  =========================================================================== 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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July 03, 2018 06:37 ET (10:37 GMT)

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