RNS Number : 8952U
Tesco PLC
17 July 2018
 

PDMR SHAREHOLDING

17 July 2018

 

Tesco PLC (the "Company")

 

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

 

On 16 July 2018, 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 256.51 pence per share.

 

PDMR

Number of Shares subject to award

Dave Lewis

               1,340,103

Alan Stewart

730,965

Natasha Adams

337,706

Alessandra Bellini

350,863

Tony Hoggett

495,594

Alison Horner

445,158

Jane Lawrie

254,376

Adrian Morris

419,575

Matt Simister

394,721

Jason Tarry

556,995

Charles Wilson

504,366

Andrew Yaxley

421,036

 

The above awards have been made in the form of conditional shares which will vest on 16 July 2021 subject to the achievement of the Earnings Per Share and Free Cash Flow performance targets over the performance period, as outlined in the Directors' Remuneration Report of the Tesco PLC Annual Report and Financial Statements 2018. 

 

The vested shares will be subject to a post-vesting holding period of two years from the vesting date.

 

For any dividends paid in the period between the grant and vesting 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

LEI Number: 2138002P5RNKC5W2JZ46


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

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£2.5651

Volume(s)

1,340,103

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

1,340,103

£2.5651

£3,437,498.21

f)

Date of the transaction

2018-07-16

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

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£2.5651

Volume(s)

730,965

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

730,965

£2.5651

£1,874,998.32

f)

Date of the transaction

2018-07-16

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 /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)

£2.5651

Volume(s)

337,706

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

337,706

£2.5651

£866,249.66

f)

Date of the transaction

2018-07-16

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)

£2.5651

Volume(s)

350,863

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

350,863

£2.5651

£899,998.68

f)

Date of the transaction

2018-07-16

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

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 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)

£2.5651

Volume(s)

495,594

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

495,594

£2.5651

£1,271,248.17

f)

Date of the transaction

2018-07-16

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

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

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£2.5651

Volume(s)

445,158

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

445,158

£2.5651

£1,141,874.79

f)

Date of the transaction

2018-07-16

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

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£2.5651

Volume(s)

254,376

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

254,376

£2.5651

£652,499.88

f)

Date of the transaction

2018-07-16

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

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£2.5651

Volume(s)

419,575

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

419,575

£2.5651

£1,076,251.83

f)

Date of the transaction

2018-07-16

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

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£2.5651

Volume(s)

394,721

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

394,721

£2.5651

£1,012,498.84

f)

Date of the transaction

2018-07-16

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

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 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)

£2.5651

Volume(s)

556,995

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

556,995

£2.5651

£1,428,747.87

f)

Date of the transaction

2018-07-16

g)

Place of the transaction

Outside a trading venue

 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Charles Wilson

2

Reason for the notification

a)

Position/status

CEO, Booker

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)

£2.5651

Volume(s)

504,366

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

504,366

£2.5651

£1,293,749.23

f)

Date of the transaction

2018-07-16

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 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)

£2.5651

Volume(s)

421,036

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

421,036

£2.5651

£1,079,999.44

f)

Date of the transaction

2018-07-16

g)

Place of the transaction

Outside a trading venue

 


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