Last checked at 18 Apr 2018 16:15
PDMR SHAREHOLDING
18 April 2018
Tesco PLC (the "Company")
Exercise of nil-cost options under the Tesco PLC Long Term Incentive Plan 2015 (the LTIP")
On 17 April 2018, Matt Davies, a member of the Company's Executive Committee, exercised nil-cost options over 307,845 Ordinary Shares of 5 pence each in the Company from an award granted on 6 July 2015 under the rules of the LTIP.
This represents the gross number of shares exercised. A proportion of the shares exercised have been retained to cover Income Tax and National Insurance Contributions due on exercise and the net shares have been transferred to Matt.
The share price on exercise was 235.90 pence per share.
The Notification of Dealing Form 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 | Matt Davies | |
2 | Reason for the notification | ||
a) | Position/status | UK & ROI 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 5 pence each
GB0008847096 | |
b) | Nature of the transaction | Exercise of nil-cost options under the rules of the Tesco PLC Long Term Incentive Plan 2015 | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) £2.359 | Volume(s) 307,845 |
e) | Aggregated information - Aggregated Volume - Aggregated Price - Aggregated Total |
307,845 £2.359 £726,206.36 | |
f) | Date of the transaction | 2018-04-17 | |
g) | Place of the transaction | Outside a trading venue | |