logo-loader
RNS
Tesco PLC

Tesco PLC - Director/PDMR Shareholding

RNS Number : 1265S
Tesco PLC
06 July 2020
 

PDMR SHAREHOLDING

6 July 2020

 

Tesco PLC (the "Company")

 

Grant of Awards under the Tesco PLC Performance Share Plan 2011 (the "PSP")

 

On 3 July 2020, the members of the Company's Executive Committee listed below were granted awards over Ordinary Shares of 5 pence each in the Company under the PSP, the number of shares being calculated using a market price of 227.2 pence per share.

 

PDMR

Number of Shares subject to award

Alan Stewart

907,790

Natasha Adams

425,836

Alessandra Bellini

485,255

Christine Heffernan

272,337

Tony Hoggett

618,948

Alison Horner

502,585

Gerry Mallon

445,642

Adrian Morris

473,703

Matt Simister

495,158

Jason Tarry

628,851

Charles Wilson

569,432

Andrew Yaxley

495,158

 

The above awards have been made in the form of conditional shares which will vest on 3 July 2023 subject to the achievement of the Earnings Per Share and Free Cash Flow performance targets over the performance period, as outlined in the Directors' Remuneration Report of the Tesco PLC Annual Report and Financial Statements 2020. 

 

The vested shares will be subject to a post-vesting holding period of two years from the vesting date.

 

For any dividends paid in the period between the grant and vesting of conditional shares, the number of shares in each case will be increased to reflect the dividends that would have accrued had they been reinvested in shares.

 

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

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

Grant of conditional shares under the rules of the Tesco PLC Performance Share Plan 2011

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£2.272

Volume(s)

907,790

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

907,790

£2.272

£2,062,498.88

f)

Date of the transaction

2020-07-03

g)

Place of the transaction

Outside a trading venue



 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Natasha Adams

2

Reason for the notification

a)

Position/status

Chief People 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

Grant of conditional shares under the rules of the Tesco PLC Performance Share Plan 2011

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£2.272

Volume(s)

425,836

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

425,836

£2.272

£967,499.39

f)

Date of the transaction

2020-07-03

g)

Place of the transaction

Outside a trading venue



 

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

Grant of conditional shares under the rules of the Tesco PLC Performance Share Plan 2011

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£2.272

Volume(s)

485,255

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

485,255

£2.272

£1,102,499.36

f)

Date of the transaction

2020-07-03

g)

Place of the transaction

Outside a trading venue



 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Christine Heffernan

2

Reason for the notification

a)

Position/status

Group Communications Director

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

Grant of conditional shares under the rules of the Tesco PLC Performance Share Plan 2011

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£2.272

Volume(s)

272,337

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

272,337

£2.272

£618,749.66

f)

Date of the transaction

2020-07-03

g)

Place of the transaction

Outside a trading venue



 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Tony Hoggett

2

Reason for the notification

a)

Position/status

Group Chief Operations 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

Grant of conditional shares under the rules of the Tesco PLC Performance Share Plan 2011

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£2.272

Volume(s)

618,948

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

618,948

£2.272

£1,406,249.86

f)

Date of the transaction

2020-07-03

g)

Place of the transaction

Outside a trading venue



 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Alison Horner

2

Reason for the notification

a)

Position/status

CEO, Asia

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

Grant of conditional shares under the rules of the Tesco PLC Performance Share Plan 2011

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£2.272

Volume(s)

502,585

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

502,585

£2.272

£1,141,873.12

f)

Date of the transaction

2020-07-03

g)

Place of the transaction

Outside a trading venue



 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Gerry Mallon

2

Reason for the notification

a)

Position/status

Chief Executive, Tesco Bank

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

Grant of conditional shares under the rules of the Tesco PLC Performance Share Plan 2011

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£2.272

Volume(s)

445,642

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

445,642

£2.272

£1,012,498.62

f)

Date of the transaction

2020-07-03

g)

Place of the transaction

Outside a trading venue



 

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

Grant of conditional shares under the rules of the Tesco PLC Performance Share Plan 2011

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£2.272

Volume(s)

473,703

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

473,703

£2.272

£1,076,253.22

f)

Date of the transaction

2020-07-03

g)

Place of the transaction

Outside a trading venue



 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Matt 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

Grant of conditional shares under the rules of the Tesco PLC Performance Share Plan 2011

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£2.272

Volume(s)

495,158

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

495,158

£2.272

£1,124,998.98

f)

Date of the transaction

2020-07-03

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

Grant of conditional shares under the rules of the Tesco PLC Performance Share Plan 2011

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£2.272

Volume(s)

628,851

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

628,851

£2.272

£1,428,749.47

f)

Date of the transaction

2020-07-03

g)

Place of the transaction

Outside a trading venue

 



 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Charles Wilson

2

Reason for the notification

a)

Position/status

CEO, Booker

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

Grant of conditional shares under the rules of the Tesco PLC Performance Share Plan 2011

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£2.272

Volume(s)

569,432

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

569,432

£2.272

£1,293,749.50

f)

Date of the transaction

2020-07-03

g)

Place of the transaction

Outside a trading venue



 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Andrew Yaxley

2

Reason for the notification

a)

Position/status

Chief Product 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

Grant of conditional shares under the rules of the Tesco PLC Performance Share Plan 2011

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£2.272

Volume(s)

495,158

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

495,158

£2.272

£1,124,998.98

f)

Date of the transaction

2020-07-03

g)

Place of the transaction

Outside a trading venue

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHKQLBBBDLBBBX
NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of...

FOR OUR FULL DISCLAIMER CLICK HERE

10 min read