Last checked at 16 Mar 2018 10:00
16 March 2018
Tesco PLC
DIRECTOR SHAREHOLDING
Tesco PLC (the "Company") has been notified that the following Director of the Company acquired Ordinary shares of 5 pence each in the Company as set out below:
Name of Director | Number of shares purchased | Purchase price per share | Date acquired |
Charles Wilson | 5,124,735 | 215.5264p | 15 March 2018 |
The above dealing was made in accordance with an irrevocable dealing instruction given by Charles Wilson to his broker, prior to the merger between the Company and Booker Group plc becoming effective on 5 March 2018, to purchase Tesco PLC shares in the market in an aggregate amount equal to the cash proceeds paid to him under the Mix and Match Facility as a Booker Scheme Shareholder, after deducting an amount to cover applicable taxes. As previously disclosed, Charles Wilson intends to hold the above Tesco PLC shares for five years from 5 March 2018 on, and subject to, the terms set out in a Lock-up Agreement, subject to certain customary carve-outs.
The Notification of Dealing Form in respect of the above Director 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: 01707 912985
LEI Number: 2138002P5RNKC5W2JZ46
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Charles Wilson | |
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 | Purchase of Ordinary Tesco shares in accordance with an irrevocable dealing instruction given by Charles Wilson pursuant to the merger of Tesco PLC and Booker Group plc | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) 215.5264p | Volume(s) 5,124,735 |
e) | Aggregated information - Aggregated Volume - Aggregated Price - Aggregated Total |
5,124,735 215.5264p £11,045,156.86 | |
f) | Date of the transaction | 2018-03-15 | |
g) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |