On 1 July 2019, Gerry Mallon, a member of the Company's Executive Committee, received 15,002 Ordinary shares of 5 pence each in the Company upon their release from a share award granted under the rules of the Tesco PLC Performance Share Plan 2011 on 13 August 2018.
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. The net shares have been transferred to Gerry and are subject to post-vesting holding period of six months.
The share price on release was 231.40 pence per share.
The Notification of Dealing Form 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
Welwyn Garden City
Tel: 07793 222569
LEI Number: 2138002P5RNKC5W2JZ46
Details of the person discharging managerial responsibilities/person closely associated
Reason for the notification
Chief Executive, Tesco Bank
Initial notification /Amendment
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Legal Entity Identifier
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
Description of the financial instrument, type of instrument
Ordinary shares of 5 pence each
Nature of the transaction
Release of shares awarded under the rules of the Tesco PLC Performance Share Plan 2011
Price(s) and volume(s)
- Aggregated volume
- Aggregated Price
- Aggregated Total
Date of the transaction
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 [email protected] or visit www.rns.com.
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