RNS Number : 9675E
Tesco PLC
12 May 2017
 

PDMR SHAREHOLDING

12 May 2017

 

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 11 May 2017, 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 180.00 pence per share.

 

The awards have been granted in respect of the annual deferred bonus for the 2016/17 Financial Year. 

 

PDMR

Number of Shares subject to award (EIP)

Dave Lewis

655,815

Alan Stewart

347,906



PDMR

Number of Shares subject to award (GBP)

Matt Davies

280,425

Tony Hoggett

202,814

Alison Horner

194,259

Jane Lawrie

46,252

Adrian Morris

209,670

Matt Simister

134,843

Jason Tarry

226,355

 

The above awards have been made in the form of nil cost options which will become exercisable on 11 May 2020, subject to continuous employment. Payment of the bonus for Benny Higgins has been deferred until the conclusion of the regulatory review into last year's fraud incident at Tesco Bank.

 

In the event that dividends are paid in the period between grant and exercise of nil cost options, the number of shares in each case will be increased to reflect the dividends that would have accrued had they been reinvested in shares.

 

The nil cost options 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 2017 ("Directors' Remuneration Report"). 

Grant of Awards under the Tesco PLC Performance Share Plan 2011 (the "PSP")

 

On 11 May 2017, the persons listed below were granted awards over Ordinary Shares of 5 pence each in the Company under the PSP, the number of shares being calculated using a market price of 180.00 pence per share.

 

PDMR

Number of Shares subject to  award (PSP)

Dave Lewis

1,909,722

Alan Stewart

1,041,666

Alessandra Bellini

500,000

Matt Davies

843,750

Benny Higgins

970,593

Tony Hoggett

706,250

Alison Horner

634,375

Jane Lawrie

362,500

Adrian Morris

597,918

Matt Simister

562,500

Jason Tarry

718,750

 

The above awards have been made in the form of nil cost options with the exception of the award to Alessandra Bellini which has been made in the form of conditional shares. 

 

The nil cost options will become exercisable, and the conditional shares will vest and be released, on 11 May 2020, subject to the achievement of the relative Total Shareholder Return, Cumulative Retail Cash Generated from Operations and Key Stakeholder performance targets over the performance period, as outlined in the Directors' Remuneration Report.

 

In the event that dividends are paid in the period between grant and exercise of nil cost options, or the grant and release of conditional shares, the number of shares in each case will be increased to reflect the dividends that would have accrued had they been reinvested in shares.

 

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


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 instrument, type of instrument

 

Identification code

 

Ordinary shares of 5 pence each

 

 

GB0008847096

b)

Nature of the transaction

Grant of nil cost options under the rules of the Tesco PLC Performance Share Plan 2011

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£1.80

Volume(s)

1,909,722

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

1,909,722

£1.80

£3,437,499.60

f)

Date of the transaction

2017-05-11

g)

Place of the transaction

Outside a trading venue


 

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 instrument, type of instrument

 

Identification code

 

Ordinary shares of 5 pence each

 

 

GB0008847096

b)

Nature of the transaction

Grant of nil cost options under the rules of the Tesco PLC 2014 Executive Incentive Plan

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£1.80

Volume(s)

655,815

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

655,815

£1.80

£1,180,467.00

f)

Date of the transaction

2017-05-11

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 instrument, type of instrument

 

Identification code

 

Ordinary shares of 5 pence each

 

 

GB0008847096

b)

Nature of the transaction

Grant of nil cost options under the rules of the Tesco PLC Performance Share Plan 2011

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£1.80

Volume(s)

1,041,666

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

1,041,666

£1.80

£1,874,998.80

f)

Date of the transaction

2017-05-11

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 instrument, type of instrument

 

Identification code

 

Ordinary shares of 5 pence each

 

 

GB0008847096

b)

Nature of the transaction

Grant of nil cost options under the rules of the Tesco PLC 2014 Executive Incentive Plan

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£1.80

Volume(s)

347,906

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

347,906

£1.80

£626,230.80

f)

Date of the transaction

2017-05-11

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 instrument, type of instrument

 

Identification code

 

Ordinary shares of 5 pence each

 

 

GB0008847096

b)

Nature of the transaction

Grant of conditional shares under the rules of the Tesco PLC Performance Share Plan 2011

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£1.80

Volume(s)

500,000

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

500,000

£1.80

£900,000

f)

Date of the transaction

2017-05-11

g)

Place of the transaction

Outside a trading venue


 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Matt Davies

2

Reason for the notification

a)

Position/status

UK & ROI CEO

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 instrument, type of instrument

 

Identification code

Ordinary shares of 5 pence each

 

 

GB0008847096

b)

Nature of the transaction

Grant of nil cost options under the rules of the Tesco PLC Performance Share Plan 2011

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£1.80

Volume(s)

843,750

e)

Aggregated information

- Aggregated Volume

- Aggregated Price

- Aggregated Total

 

843,750

£1.80

£1,518,750.00

f)

Date of the transaction

2017-05-11

g)

Place of the transaction

Outside a trading venue


 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Matt Davies

2

Reason for the notification

a)

Position/status

UK & ROI CEO

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 instrument, type of instrument

 

Identification code

Ordinary shares of 5 pence each

 

 

GB0008847096

b)

Nature of the transaction

Grant of nil cost options under the rules of the Tesco PLC Group Bonus Plan

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£1.80

Volume(s)

280,425

e)

Aggregated information

- Aggregated Volume

- Aggregated Price

- Aggregated Total

 

280,425

£1.80

£504,765.00

f)

Date of the transaction

2017-05-11

g)

Place of the transaction

Outside a trading venue


 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Benny Higgins

2

Reason for the notification

a)

Position/status

CEO, Tesco Bank and Group Strategy 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 instrument, type of instrument

 

Identification code

 

Ordinary shares of 5 pence each

 

 

GB0008847096

b)

Nature of the transaction

Grant of nil cost options under the rules of the Tesco PLC Performance Share Plan 2011

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£1.80

Volume(s)

970,593

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

970,593

£1.80

£1,747,067.40

f)

Date of the transaction

2017-05-11

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 instrument, type of instrument

 

Identification code

 

Ordinary shares of 5 pence each

 

 

GB0008847096

b)

Nature of the transaction

Grant of nil cost options under the rules of the Tesco PLC Performance Share Plan 2011

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£1.80

Volume(s)

706,250

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

706,250

£1.80

£1,271,250.00

f)

Date of the transaction

2017-05-11

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 instrument, type of instrument

 

Identification code

 

Ordinary shares of 5 pence each

 

 

GB0008847096

b)

Nature of the transaction

Grant of nil cost options under the rules of the Tesco PLC Group Bonus Plan

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£1.80

Volume(s)

202,814

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

202,814

£1.80

£365,065.20

f)

Date of the transaction

2017-05-11

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 instrument, type of instrument

 

Identification code

 

Ordinary shares of 5 pence each

 

 

GB0008847096

b)

Nature of the transaction

Grant of nil cost options under the rules of the Tesco PLC Performance Share Plan 2011

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£1.80

Volume(s)

634,375

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

634,375

£1.80

£1,141,875.00

f)

Date of the transaction

2017-05-11

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 instrument, type of instrument

 

Identification code

 

Ordinary shares of 5 pence each

 

 

GB0008847096

b)

Nature of the transaction

Grant of nil cost options under the rules of the Tesco PLC Group Bonus Plan

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£1.80

Volume(s)

194,259

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

194,259

£1.80

£349,666.20

f)

Date of the transaction

2017-05-11

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 instrument, type of instrument

 

Identification code

 

Ordinary shares of 5 pence each

 

 

GB0008847096

b)

Nature of the transaction

Grant of nil cost options under the rules of the Tesco PLC Performance Share Plan 2011

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£1.80

Volume(s)

362,500

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

362,500

£1.80

£652,500.00

f)

Date of the transaction

2017-05-11

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 instrument, type of instrument

 

Identification code

 

Ordinary shares of 5 pence each

 

 

GB0008847096

b)

Nature of the transaction

Grant of nil cost options under the rules of the Tesco PLC Group Bonus Plan

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£1.80

Volume(s)

46,252

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

46,252

£1.80

£83,253.60

f)

Date of the transaction

2017-05-11

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 instrument, type of instrument

 

Identification code

 

Ordinary shares of 5 pence each

 

 

GB0008847096

b)

Nature of the transaction

Grant of nil cost options under the rules of the Tesco PLC Performance Share Plan 2011

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£1.80

Volume(s)

597,918

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

597,918

£1.80

£1,076,252.40

f)

Date of the transaction

2017-05-11

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 instrument, type of instrument

 

Identification code

 

Ordinary shares of 5 pence each

 

 

GB0008847096

b)

Nature of the transaction

Grant of nil cost options under the rules of the Tesco PLC Group Bonus Plan

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£1.80

Volume(s)

209,670

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

209,670

£1.80

£377,406.00

f)

Date of the transaction

2017-05-11

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 instrument, type of instrument

 

Identification code

 

Ordinary shares of 5 pence each

 

 

GB0008847096

b)

Nature of the transaction

Grant of nil cost options under the rules of the Tesco PLC Performance Share Plan 2011

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£1.80

Volume(s)

562,500

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

562,500

£1.80

£1,012,500.00

f)

Date of the transaction

2017-05-11

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 instrument, type of instrument

 

Identification code

 

Ordinary shares of 5 pence each

 

 

GB0008847096

b)

Nature of the transaction

Grant of nil cost options under the rules of the Tesco PLC Group Bonus Plan

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£1.80

Volume(s)

134,843

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

134,843

£1.80

£242,717.40

f)

Date of the transaction

2017-05-11

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 instrument, type of instrument

 

Identification code

 

Ordinary shares of 5 pence each

 

 

GB0008847096

b)

Nature of the transaction

Grant of nil cost options under the rules of the Tesco PLC Performance Share Plan 2011

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£1.80

Volume(s)

718,750

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

718,750

£1.80

£1,293,750.00

f)

Date of the transaction

2017-05-11

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 instrument, type of instrument

 

Identification code

 

Ordinary shares of 5 pence each

 

 

GB0008847096

b)

Nature of the transaction

Grant of nil cost options under the rules of the Tesco PLC Group Bonus Plan

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£1.80

Volume(s)

226,355

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

226,355

£1.80

£407,439.00

f)

Date of the transaction

2017-05-11

g)

Place of the transaction

Outside a trading venue

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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