Last checked at 3 Oct 2019 15:30
PDMR SHAREHOLDING
3 October 2019
Tesco PLC (the "Company")
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")
Tesco PLC (the "Company") has been notified that on 2 October 2019, Jason Tarry, a member of the Company's Executive Committee, exercised nil-cost options over 566,631 Ordinary Shares of 5 pence each in the Company from awards granted under the rules of the PSP and LTIP as set out below:
Shares Plan | Grant Date | No. of shares under option |
PSP | 24/07/2015 | 175,850 |
LTIP | 24/07/2015 | 390,781 |
Total | 566,631 |
This represents the gross number of shares exercised. Of those shares exercised, 266,317 shares have been retained to cover Income Tax and National Insurance Contributions due on exercise and the net shares have been transferred to Jason.
The share price on exercise was 240.00 pence per share.
Sale of Ordinary shares
The Company has been notified of the following transactions undertaken by Persons Discharging Managerial Responsibilities ("PDMRs"):
PDMR | Stock description | Date | Quantity | Share price | Transaction type | Total consideration |
Jason Tarry | Tesco PLC - Ordinary shares of 5p each | 02/10/2019 | 293,328 | £2.390 | Sale | £701,054 |
Matthew Simister | Tesco PLC - Ordinary shares of 5p each | 02/10/2019 | 202,653 | £2.395 | Sale | £485,354 |
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 | Jason Tarry | |
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 | 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) £2.40 | Volume(s) 566,631 |
e) | Aggregated information - Aggregated Volume - Aggregated Price - Aggregated Total |
566,631 £2.40 £1,359,914.40 | |
f) | Date of the transaction | 2019-10-02 | |
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 | 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 | Sale of Ordinary shares | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) £2.39 | Volume(s) 293,328 |
e) | Aggregated information - Aggregated Volume - Aggregated Price - Aggregated Total |
293,328 £2.39 £701,053.92 | |
f) | Date of the transaction | 2019-10-02 | |
g) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Matthew 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 | Sale of Ordinary shares | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) £2.395 | Volume(s) 202,653 |
e) | Aggregated information - Aggregated Volume - Aggregated Price - Aggregated Total |
202,653 £2.395 £485,353.94 | |
f) | Date of the transaction | 2019-10-02 | |
g) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |