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Tesco

Director/PDMR Shareholding

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RNS Number : 1834E
Tesco PLC
02 July 2019
 

TESCO PLC PERFORMANCE SHARE PLAN 2011

PDMR SHAREHOLDING

2 July 2019

Tesco PLC (the "Company")

 

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

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

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

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)

£2.314

Volume(s)

15,002

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

15,002

 

£2.314

 

£34,714.63

f)

Date of the transaction

2019-07-01

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 [email protected] or visit www.rns.com.
 
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Quick facts: Tesco

Price: £2.18

Market: LSE
Market Cap: £214.08 m
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