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PDMR SHAREHOLDING
23 June 2026
Tesco PLC (the "Company")
Grant of Awards under the Tesco PLC Long-Term Incentive Plan 2021 (the "LTIP")
On 22 June 2026, the Executive Directors and members of the Company's Executive Committee listed below were granted awards over Ordinary Shares of 6 1/3 pence each in the Company under the LTIP.
Name of PDMR | No. of shares subject to award |
Ken Murphy | 947,377 |
Imran Nawaz | 554,187 |
Natasha Adams | 347,676 |
Geoff Byrne | 229,380 |
Guus Dekkers | 297,584 |
Christine Heffernan | 238,703 |
Kay Majid | 220,590 |
Jonny McQuarrie | 216,888 |
Ashwin Prasad | 381,406 |
Emma Taylor | 277,933 |
Andrew Yaxley | 344,014 |
The above awards have been made in the form of conditional shares which will vest on 22 June 2029 subject to the achievement of the Earnings Per Share, Free Cash Flow, ESG and Market Share performance targets over the performance period, as outlined in the Directors' Remuneration Report of the Tesco PLC Annual Report and Financial Statements 2026.
For the awards to Ken Murphy and Imran Nawaz, the vested shares will be subject to a post-vesting holding period of two years from the vesting date.
The numbers of shares have been calculated using a market price of 446.6 pence per share. For any dividends paid in the period between 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 the UK Market Abuse Regulation (Regulation (EU) 596/2014, as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018).
For enquiries, please contact:
Chris Taylor, Company Secretary
Tesco PLC
Tesco House
Shire Park
Kestrel Way
Welwyn Garden City
Hertfordshire
AL7 1GA
Tel: 07793 902343
Email: CompanySecretary@tesco.com
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 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 6 1/3 pence each
GB00BLGZ9862 | |
b) | Nature of the transaction | Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021 | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) £4.466 | Volume(s) 947,377 |
e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
947,377 £4.466 £4,230,985.68 | |
f) | Date of the transaction | 2026-06-22 | |
g) | Place of the transaction | Outside a trading venue | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Imran Nawaz | |
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 6 1/3 pence each
GB00BLGZ9862 | |
b) | Nature of the transaction | Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021 | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) £4.466 | Volume(s) 554,187 |
e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
554,187 £4.466 £2,474,999.14 | |
f) | Date of the transaction | 2026-06-22 | |
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 Strategy and Transformation 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 6 1/3 pence each
GB00BLGZ9862 | |
b) | Nature of the transaction | Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021 | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) £4.466 | Volume(s) 347,676 |
e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
347,676 £4.466 £1,552,721.02 | |
f) | Date of the transaction | 2026-06-22 | |
g) | Place of the transaction | Outside a trading venue | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Geoff Byrne | |
2 | Reason for the notification | ||
a) | Position/status | CEO, Ireland and Northern Ireland | |
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 6 1/3 pence each
GB00BLGZ9862 | |
b) | Nature of the transaction | Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021 | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) £4.466 | Volume(s) 229,380 |
e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
229,380 £4.466 £1,024,411.08 | |
f) | Date of the transaction | 2026-06-22 | |
g) | Place of the transaction | Outside a trading venue | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Guus Dekkers | |
2 | Reason for the notification | ||
a) | Position/status | Chief Technology 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 6 1/3 pence each
GB00BLGZ9862 | |
b) | Nature of the transaction | Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021 | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) £4.466 | Volume(s) 297,584 |
e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
297,584 £4.466 £1,329,010.14 | |
f) | Date of the transaction | 2026-06-22 | |
g) | Place of the transaction | Outside a trading venue | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Christine Heffernan | |
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 6 1/3 pence each
GB00BLGZ9862 | |
b) | Nature of the transaction | Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021 | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) £4.466 | Volume(s) 238,703 |
e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
238,703 £4.466 £1,066,047.60 | |
f) | Date of the transaction | 2026-06-22 | |
g) | Place of the transaction | Outside a trading venue | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Kay Majid | |
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 6 1/3 pence each
GB00BLGZ9862 | |
b) | Nature of the transaction | Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021 | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) £4.466 | Volume(s) 220,590 |
e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
220,590 £4.466 £985,154.94 | |
f) | Date of the transaction | 2026-06-22 | |
g) | Place of the transaction | Outside a trading venue | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Jonny McQuarrie | |
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 6 1/3 pence each
GB00BLGZ9862 | |
b) | Nature of the transaction | Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021 | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) £4.466 | Volume(s) 216,888 |
e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
216,888 £4.466 £968,621.81 | |
f) | Date of the transaction | 2026-06-22 | |
g) | Place of the transaction | Outside a trading venue | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Ashwin Prasad | |
2 | Reason for the notification | ||
a) | Position/status | UK 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 6 1/3 pence each
GB00BLGZ9862 | |
b) | Nature of the transaction | Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021 | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) £4.466 | Volume(s) 381,406 |
e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
381,406 £4.466 £1,703,359.20 | |
f) | Date of the transaction | 2026-06-22 | |
g) | Place of the transaction | Outside a trading venue | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Emma Taylor | |
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 6 1/3 pence each
GB00BLGZ9862 | |
b) | Nature of the transaction | Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021 | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) £4.466 | Volume(s) 277,933 |
e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
277,933 £4.466 £1,241,248.78 | |
f) | Date of the transaction | 2026-06-22 | |
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 | 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 6 1/3 pence each
GB00BLGZ9862 | |
b) | Nature of the transaction | Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021 | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) £4.466 | Volume(s) 344,014 |
e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
344,014 £4.466 £1,536,366.52 | |
f) | Date of the transaction | 2026-06-22 | |
g) | Place of the transaction | Outside a trading venue | |
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