Last checked at 15 Oct 2020 11:00
PDMR SHAREHOLDING
15 October 2020
Tesco PLC (the "Company")
Grant and release of shares under the Tesco PLC Performance Share Plan 2011 (the "PSP")
On 14 October 2020, Ken Murphy, Group Chief Executive, was granted an award over 82,614 Ordinary Shares of 5 pence each in the Company under the rules of the PSP. The number of shares awarded have been calculated using a market price of 217.88 pence per share.
The shares have been awarded to compensate Ken on a like for like basis for payments forfeited from his previous employment.
The award vested immediately and 82,614 shares were released to Ken on 14 October 2020. Of these, 38,829 shares have been withheld to cover Income Tax and National Insurance Contributions due on release. The net shares have been transferred to Ken and must be retained under the Company's Shareholding Policy.
The share price on release was 221.5 pence per share.
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 | Ken Murphy | |
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 shares under the rules of the Tesco PLC Performance Share Plan 2011 | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) £2.1788 | Volume(s) 82,614 |
e) | Aggregated information - Aggregated Volume - Aggregated Price - Aggregated Total |
82,614 £2.1788 £179,999.38 | |
f) | Date of the transaction | 2020-10-14 | |
g) | Place of the transaction | Outside a trading venue | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Ken Murphy | |
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 | Release of shares from an award granted under the rules of the Tesco PLC Performance Share Plan 2011 on 14 October 2020 | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) £2.215 | Volume(s) 82,614 |
e) | Aggregated information - Aggregated Volume - Aggregated Price - Aggregated Total |
82,614 £2.215 £182,990.01 | |
f) | Date of the transaction | 2020-10-14 | |
g) | Place of the transaction | Outside a trading venue | |