Tesco PLC Director/PDMR Shareholding (5357C)
June 21 2021 - 6:00AM
UK Regulatory
TIDMTSCO
RNS Number : 5357C
Tesco PLC
21 June 2021
PDMR SHAREHOLDING
21 June 2021
Tesco PLC (the "Company")
Release of shares granted under Listing Rule 9.4.2
On 18 June 2021, Imran Nawaz, a member of the Company's
Executive Committee, received 480,526 Ordinary shares of 6 1/3
pence each in the Company upon their release from Tranche 2 of his
buyout award granted under a Listing Rule 9.4.2 arrangement on 4
May 2021.
This represents the gross number of shares released. Of those
shares released, 225,848 shares have been withheld to cover Income
Tax and National Insurance Contributions due on release. T he net
shares have been transferred to Imran and are subject to
post-vesting holding period until 31 March 2023.
The number of shares released has been determined by the vesting
level of the Tate and Lyle PLC 2018 Performance Share Plan
award.
The share price on release was 221.75 pence per share.
The Notification of Dealing Form can be found below. This
announcement is made in accordance with Article 19 of the 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 Imran Nawaz
2 Reason for the notification
a) Position/status Chief Financial Officer
============================================
b) Initial notification /Amendment Initial Notification
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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 instrument, Ordinary shares of 6 1/3 pence each
type of instrument
Identification code GB00BLGZ9862
b) Nature of the transaction Release of shares awarded under a Listing Rule 9.4.2 arrangement
--------------------------------------------
c) Currency GBP
-------------------------------------------- ------------------------------------ -----------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
GBP2.2175 480,526
--- -------------------------------------------- ------------------------------------ -----------------------------
e) Aggregated information
- Aggregated volume 480,526
- Aggregated Price
- Aggregated Total GBP2.2175
GBP1,065,566.41
f) Date of the transaction 2021-06-18
============================================
g) Place of the transaction Outside a trading venue
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END
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