REG - Tesco PLC - Director/PDMR Shareholding
RNS Number : 6517ETesco PLC05 July 2019PDMR SHAREHOLDING
5 July 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")
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:
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
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.
The share price on exercise was 234.90 pence per share.
Sale of Ordinary shares
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:
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
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
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
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)
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.ENDDSHKELBBKDFLBBZ
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