21 Jun 2021 11:00
PDMR SHAREHOLDING
21 June 2021
Tesco PLC (the "Company")
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Release of shares granted under Listing Rule 9.4.2
On 18 June 2021, Imran Nawaz, a member of the Company's Executive Committee, received 480,526 Ordinary shares of 6 1/3 pence each in the Company upon their release from Tranche 2 of his buyout award granted under a Listing Rule 9.4.2 arrangement on 4 May 2021.
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This represents the gross number of shares released. Of those shares released, 225,848 shares have been withheld to cover Income Tax and National Insurance Contributions due on release. The net shares have been transferred to Imran and are subject to post-vesting holding period until 31 March 2023.
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The number of shares released has been determined by the vesting level of the Tate and Lyle PLC 2018 Performance Share Plan award.
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The share price on release was 221.75 pence per share.
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The Notification of Dealing Form can be found below. This announcement is made in accordance with Article 19 of the 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 | 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 | Release of shares awarded under a Listing Rule 9.4.2 arrangement | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) £2.2175 | Volume(s) 480,526 |
e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |  480,526  £2.2175  £1,065,566.41 | |
f) | Date of the transaction | 2021-06-18 | |
g) | Place of the transaction | Outside a trading venue | |
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Tesco (TSCO)