4 Feb 2019 11:00
Director/PDMR SHAREHOLDINGS
4 February 2019
Tesco PLC (the "Company")
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TESCO PLC PERFORMANCE SHARE PLAN 2011
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On 1 February 2019, Alessandra Bellini, a member of the Company's Executive Committee, received 53,642 Ordinary shares of 5 pence each in the Company upon their release from an award granted under the rules of the Tesco PLC Performance Share Plan 2011 on 13 April 2017.
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This represents the gross number of shares released including dividend equivalent shares which have accrued between grant and vesting. A proportion of the shares released have been withheld to cover Income Tax and National Insurance Contributions due on release and the net shares have been transferred to Alessandra.
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The share price on release was 222.0 pence per share.
Tesco PLC Savings-Related Share Option Scheme (1981)
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On 1 February 2019, the following directors exercised options over Ordinary shares of 5 pence each in the Company granted under the Tesco PLC Savings-Related Share Option Scheme (1981) at an option price of 151.00 pence per share as set out below:Â
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PDMR Â | Date of grant | Date of exercise | No. of shares exercised |
Dave Lewis | 18 November 2015 | 1 February 2019 | 11,920 |
Alan Stewart | 18 November 2015 | 1 February 2019 | 11,920 |
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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
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Alessandra Bellini | |
2 | Reason for the notification | ||
a) | Position/status | Chief Customer 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 5 pence each   GB0008847096 | |
b) | Nature of the transaction | Release of shares awarded under the rules of the Tesco PLC Performance Share Plan 2011 | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) £2.22 | Volume(s) 53,642 |
e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |  53,642  £2.22  £119,085.24 | |
f) | Date of the transaction | 2019-02-01 | |
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 | Dave Lewis | |
2 | Reason for the notification | ||
a) | Position/status | Group Chief Executive | |
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 options granted under the Tesco PLC Savings-Related Share Option Scheme (1981) | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) £1.51 | Volume(s) 11,920 |
e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |  11,920 £1.51 £17,999.20 | |
f) | Date of the transaction | 2019-02-01 | |
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 | Alan Stewart | |
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 5 pence each   GB0008847096 | |
b) | Nature of the transaction | Exercise of options granted under the Tesco PLC Savings-Related Share Option Scheme (1981) | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) £1.51 | Volume(s) 11,920 |
e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |  11,920 £1.51 £17,999.20 | |
f) | Date of the transaction | 2019-02-01 | |
g) | Place of the transaction | Outside a trading venue |
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