TIDMTSCO

RNS Number : 4382V

Tesco PLC

23 July 2018

PDMR SHAREHOLDING

23 July 2018

Tesco PLC (the "Company")

Release of shares from the Tesco PLC Performance Share Plan 2011

On 20 July 2018, the members of the Company's Executive Committee listed below received the following Ordinary shares of 5 pence each in the Company upon their release from awards granted under the rules of the Tesco PLC Performance Share Plan 2011 on 20 July 2015:

 
 Name of PDMR     Number of shares released 
 Natasha Adams             190,188 
                 -------------------------- 
 Tony Hoggett              339,625 
                 -------------------------- 
 Matt Simister             254,717 
                 -------------------------- 
 Andrew Yaxley             293,011 
                 -------------------------- 
 

These represent the gross number of shares released including dividend equivalent shares which have accrued between grant and vesting. A proportion of the shares released have been withheld to cover Income Tax and National Insurance Contributions due on release and the net shares have been transferred to the PDMRs.

The share price on release was 258.80 pence per share.

Sale of Ordinary shares

The Company has been notified that the members of the Company's Executive Committee listed below sold Ordinary shares of 5 pence each in the Company as set out below:

 
 Name of PDMR     Number of shares   Sale price (pence   Date of sale 
                   sold               per share) 
 Natasha Adams         31,282            258.4674        20 July 2018 
                 -----------------  ------------------  ------------- 
 Andrew Yaxley        155,295            258.4674        20 July 2018 
                 -----------------  ------------------  ------------- 
 

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:

Sara Thomson, Deputy Company Secretary

Tesco PLC

Tesco House

Shire Park

Kestrel Way

Welwyn Garden City

Hertfordshire

AL7 1GA

Tel: 07928 427 323

LEI Number: 2138002P5RNKC5W2JZ46

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                                       Natasha Adams 
 2    Reason for the notification 
 a)   Position/status                            Chief People Officer 
     ========================================= 
 b)   Initial notification                       Initial Notification 
       /Amendment 
     ----------------------------------------- 
 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 
                                                  GB0008847096 
       Identification code 
 b)   Nature of the transaction                  Release of shares from awards granted 
                                                  under the rules of the Tesco PLC Performance 
                                                  Share Plan 2011 on 20 July 2015 
     ----------------------------------------- 
 c)   Currency                                   GBP 
     -----------------------------------------  -----------------------  ----------------------- 
 d)   Price(s) and volume(s)                     Price(s)                 Volume(s) 
                                                  GBP2.588                 190,188 
---  -----------------------------------------  -----------------------  ----------------------- 
 e)   Aggregated information 
       - Aggregated volume                         190,188 
       - Aggregated Price 
       - Aggregated Total                          GBP2.588 
 
                                                   GBP492,206.54 
 f)   Date of the transaction                    2018-07-20 
     ========================================= 
 g)   Place of the transaction                   Outside a trading venue 
     -----------------------------------------  ================================================ 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                                       Natasha Adams 
 2    Reason for the notification 
 a)   Position/status                            Chief People Officer 
     ========================================= 
 b)   Initial notification                       Initial Notification 
       /Amendment 
     ----------------------------------------- 
 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                  Sale of Ordinary shares 
     ----------------------------------------- 
 c)   Currency                                   GBP 
     -----------------------------------------  --------------------  --------------- 
 d)   Price(s) and volume(s)                     Price(s)              Volume(s) 
                                                  GBP2.584674           31,282 
---  -----------------------------------------  --------------------  --------------- 
 e)   Aggregated information 
       - Aggregated volume                         31,282 
       - Aggregated Price 
       - Aggregated Total                          GBP2.584674 
 
                                                   GBP80,853.77 
 f)   Date of the transaction                    2018-07-20 
     ========================================= 
 g)   Place of the transaction                   London Stock Exchange, Main Market 
                                                  (XLON) 
     -----------------------------------------  ===================================== 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                                         Tony Hoggett 
 2    Reason for the notification 
 a)   Position/status                              Group Chief Operations 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                    Release of shares from awards granted 
                                                    under the rules of the Tesco PLC 
                                                    Performance Share Plan 2011 on 20 
                                                    July 2015 
     ------------------------------------------- 
 c)   Currency                                     GBP 
     -------------------------------------------  -------------------  ------------------- 
 d)   Price(s) and volume(s)                       Price(s)             Volume(s) 
                                                    GBP2.588             339,625 
---  -------------------------------------------  -------------------  ------------------- 
 e)   Aggregated information 
       - Aggregated volume                           339,625 
       - Aggregated Price 
       - Aggregated Total                            GBP2.588 
 
                                                     GBP878,949.50 
 f)   Date of the transaction                      2018-07-20 
     =========================================== 
 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           Release of shares from awards granted 
                                            under the rules of the Tesco PLC 
                                            Performance Share Plan 2011 on 20 
                                            July 2015 
      ---------------------------------- 
 c)    Currency                            GBP 
      ----------------------------------  -------  --------------------------------- 
 d)    Price(s) and volume(s)              Price(s)           Volume(s) 
                                            GBP2.588           254,717 
----  ----------------------------------  -----------------  ----------------------- 
 e)    Aggregated information 
        - Aggregated volume                  254,717 
        - Aggregated Price 
        - Aggregated Total                   GBP2.588 
 
                                             GBP659,207.60 
 f)    Date of the transaction             2018-07-20 
      ================================== 
 g)    Place of the transaction            Outside a trading venue 
      ----------------------------------  ========================================== 
 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                                         Andrew Yaxley 
 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                    Release of shares from awards granted 
                                                    under the rules of the Tesco PLC 
                                                    Performance Share Plan 2011 on 20 
                                                    July 2015 
     ------------------------------------------- 
 c)   Currency                                     GBP 
     -------------------------------------------  -------------------  ------------------- 
 d)   Price(s) and volume(s)                       Price(s)             Volume(s) 
                                                    GBP2.588             293,011 
---  -------------------------------------------  -------------------  ------------------- 
 e)   Aggregated information 
       - Aggregated volume                           293,011 
       - Aggregated Price 
       - Aggregated Total                            GBP2.588 
 
                                                     GBP758,312.47 
 f)   Date of the transaction                      2018-07-20 
     =========================================== 
 g)   Place of the transaction                     Outside a trading venue 
     -------------------------------------------  ======================================== 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                                       Andrew Yaxley 
 2    Reason for the notification 
 a)   Position/status                            Chief Product Officer 
     ========================================= 
 b)   Initial notification                       Initial Notification 
       /Amendment 
     ----------------------------------------- 
 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                  Sale of Ordinary shares 
     ----------------------------------------- 
 c)   Currency                                   GBP 
     -----------------------------------------  --------------------  --------------- 
 d)   Price(s) and volume(s)                     Price(s)              Volume(s) 
                                                  GBP2.584674           155,295 
---  -----------------------------------------  --------------------  --------------- 
 e)   Aggregated information 
       - Aggregated volume                         155,295 
       - Aggregated Price 
       - Aggregated Total                          GBP2.584674 
 
                                                   GBP401,386.95 
 f)   Date of the transaction                    2018-07-20 
     ========================================= 
 g)   Place of the transaction                   London Stock Exchange, Main Market 
                                                  (XLON) 
     -----------------------------------------  ===================================== 
 

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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