RNS Number : 6693Y

Tesco PLC

14 May 2021


14 May 2021

Tesco PLC (the "Company")

Release of shares from the Tesco PLC Group Bonus Plan (GBP)

On 13 May 2021, Christine Heffernan, a member of the Company's Executive Committee, received the following Ordinary shares of 6 1/3 pence each in the Company upon their release from a share award granted on 13 May 2019 under the rules of the GBP:

 Name of PDMR           No. of      No. of      No. of 
                         shares      shares      net shares 
                         released    withheld 
 Christine Heffernan     19,052       6,089       12,963 
                       ----------  ----------  ------------ 

The numbers of shares released represent the gross number of shares including dividend equivalent shares which have accrued between grant and release . As shown above, shares have been withheld to cover Income Tax and National Insurance Contributions due on release and the net shares have been transferred to Christine.

The share price on release was 227.4 pence per share.

The Notification of Dealing Form 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



Tel: 07793 222569

LEI Number: 2138002P5RNKC5W2JZ46

 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                                       Christine Heffernan 
 2    Reason for the notification 
 a)   Position/status                            Group Communications Director 
 b)   Initial notification                       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 6 1/3 pence each 
       instrument, type of 
       Identification code 
 b)   Nature of the transaction                  Release of shares from awards granted 
                                                  under the rules of the Tesco PLC Group 
                                                  Bonus Plan on 13 May 2019 
 c)   Currency                                   GBP 
     -----------------------------------------  --------------------  -------------------- 
 d)   Price(s) and volume(s)                     Price(s)              Volume(s) 
                                                  GBP2.274              19,052 
---  -----------------------------------------  --------------------  -------------------- 
 e)   Aggregated information 
       - Aggregated volume                         19,052 
       - Aggregated Price                          GBP2.274 
       - Aggregated Total                          GBP43,324.25 
 f)   Date of the transaction                    2021-05-13 
 g)   Place of the transaction                   Outside a trading venue 
     -----------------------------------------  ========================================== 

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(END) Dow Jones Newswires

May 14, 2021 06:00 ET (10:00 GMT)

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