Last checked at 10 May 2018 07:10
PDMR SHAREHOLDING
10 May 2018
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 9 May 2018, 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 238.26 pence per share.
The awards have been granted in respect of the annual deferred bonus for the 2017/18 Financial Year.
PDMR | Number of Shares subject to award (EIP) |
Dave Lewis | 477,485 |
Alan Stewart | 261,808 |
PDMR | Number of Shares subject to award (GBP) |
Alessandra Bellini | 68,026 |
Tony Hoggett | 154,612 |
Alison Horner | 146,822 |
Jane Lawrie | 84,300 |
Adrian Morris | 148,403 |
Matt Simister | 135,003 |
Jason Tarry | 167,967 |
The above awards have been made in the form of conditional shares which will vest and be released on 9 May 2021, subject to continuous employment.
The number of conditional shares in each case will be increased to reflect the dividends that would have accrued in the period between grant and vesting had they been reinvested in shares.
The conditional shares 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 2018 ("Directors' Remuneration Report").
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 2014 Executive Incentive Plan | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) £2.3826 | Volume(s) 477,485 |
e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
477,485 £2.3826 £1,137,655.76 | |
f) | Date of the transaction | 2018-05-09 | |
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 2014 Executive Incentive Plan | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) £2.3826 | Volume(s) 261,808 |
e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
261,808 £2.3826 £623,783.74 | |
f) | Date of the transaction | 2018-05-09 | |
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 Group Bonus Plan | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) £2.3826 | Volume(s) 68,026 |
e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
68,026 £2.3826 £162,078.75 | |
f) | Date of the transaction | 2018-05-09 | |
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 conditional shares under the rules of the Tesco PLC Group Bonus Plan | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) £2.3826 | Volume(s) 154,612 |
e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
154,612 £2.3826 £368,378.55 | |
f) | Date of the transaction | 2018-05-09 | |
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 conditional shares under the rules of the Tesco PLC Group Bonus Plan | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) £2.3826 | Volume(s) 146,822 |
e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
146,822 £2.3826 £349,818.10 | |
f) | Date of the transaction | 2018-05-09 | |
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 Group Bonus Plan | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) £2.3826 | Volume(s) 84,300 |
e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
84,300 £2.3826 £200,853.18 | |
f) | Date of the transaction | 2018-05-09 | |
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 Group Bonus Plan | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) £2.3826 | Volume(s) 148,403 |
e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
148,403 £2.3826 £353,584.99 | |
f) | Date of the transaction | 2018-05-09 | |
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 Group Bonus Plan | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) £2.3826 | Volume(s) 135,003 |
e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
135,003 £2.3826 £321,658.15 | |
f) | Date of the transaction | 2018-05-09 | |
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 conditional shares under the rules of the Tesco PLC Group Bonus Plan | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) £2.3826 | Volume(s) 167,967 |
e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
167,967 £2.3826 £400,198.17 | |
f) | Date of the transaction | 2018-05-09 | |
g) | Place of the transaction | Outside a trading venue | |