Last checked at 5 Jul 2019 11:30
PDMR SHAREHOLDING
5 July 2019
Tesco PLC (the "Company")
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Exercise of nil-cost options under the Tesco PLC Performance Share Plan 2011 (the "PSP") and Tesco PLC Long Term Incentive Plan 2015 (the "LTIP")
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On 4 July 2019, Adrian Morris, a member of the Company's Executive Committee, exercised nil-cost options over 454,464 Ordinary Shares of 5 pence each in the Company from awards granted under the rules of the PSP and LTIP as set out below:
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Shares Plan | Grant Date | No. of shares under option |
PSP | 03/10/2012 | 86,263 |
PSP | 14/05/2014 | 80,055 |
PSP | 19/02/2015 | 40,285 |
PSP | 20/07/2015 | 152,936 |
LTIP | 20/07/2015 | 94,925 |
Total | 454,464 |
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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 were sold on exercise as detailed below.
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The share price on exercise was 234.90 pence per share.
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Sale of Ordinary shares
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The Company has been notified that Adrian Morris, a member of the Company's Executive Committee sold 286,301 Ordinary shares of 5 pence each in the Company as set out below:
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Source of shares | No. of shares sold | Sale price (pence per share) | Date of sale |
Corporate sponsored nominee | 45,436 | 235.363 | 4 July 2019 |
Net shares from option exercises | 240,865 | 235.363 | 4 July 2019 |
Total | 286,301 |
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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.
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For enquiries, please contact:
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Robert Welch, Company Secretary
Tesco PLC
Tesco House
Shire Park
Kestrel Way
Welwyn Garden City
Hertfordshire
AL7 1GA
Tel: 07793 222569
LEI Number: 2138002P5RNKC5W2JZ46
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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 | Exercise of nil-cost options under the rules of the Tesco PLC Performance Share Plan 2011 and Tesco PLC Long Term Incentive Plan 2015 | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) £2.3490 | Volume(s) 454,464 |
e) | Aggregated information - Aggregated Volume - Aggregated Price - Aggregated Total |  454,464 £2.3490 £1,067,535.94 | |
f) | Date of the transaction | 2019-07-04 | |
g) | Place of the transaction | Outside a trading venue | |
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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 | Sale of Ordinary shares | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) £2.35363 | Volume(s) 286,301 |
e) | Aggregated information - Aggregated Volume - Aggregated Price - Aggregated Total |  286,301 £2.35363 £673,846.62 | |
f) | Date of the transaction | 2019-07-04 | |
g) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |
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