DIRECTOR/PDMR SHAREHOLDING
23 June 2022
Tesco PLC
Sale of Shares
Tesco PLC (the "Company") has been notified that on 23 June 2022, the following member of the Company's Executive Committee sold Ordinary shares of 6⅓ pence each in the Company as set out below:
|
Name |
Number of shares sold |
Sale price per Ordinary share |
Date of sale |
|
Natasha Adams |
144,372 |
£2.47501 |
23 June 2022 |
|
Greig Adams* |
144,372 |
£2.47456 |
23 June 2022 |
*Person closely associated
Release of shares granted under Listing Rule 9.4.2
On 21 June 2022, Imran Nawaz, an Executive Director, received 306,266 Ordinary shares of 6⅓ pence each in the Company upon their release from Tranche 4 of his buyout award granted under a Listing Rule 9.4.2 arrangement on 4 May 2021 (see announcement made on 6 May 2021).
This represents the gross number of shares released. Of those shares released, 147,774 shares have been withheld to cover Income Tax and National Insurance Contributions due on release. The net shares have been transferred to Imran and are subject to a post-vesting holding period until 31 March 2024.
The number of shares released has been determined by the vesting level of the Tate and Lyle PLC 2019 Performance Share Plan award.
The share price on release was 249.8 pence per share.
The Notification of Dealing Forms can be found below. This announcement is made in accordance with Article 19 of the Market Abuse Regulation (EU) 596/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018.
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 |
Natasha Adams |
|
|
2 |
Reason for the notification |
||
|
a) |
Position/status |
CEO 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 6 1/3 pence each
GB00BLGZ9862 |
|
|
b) |
Nature of the transaction |
Sale of Ordinary shares |
|
|
c) |
Currency |
GBP |
|
|
d) |
Price(s) and volume(s) |
Price(s) £2.47501
£2.47456 |
Volume(s) 144,372 144,372 |
|
e) |
Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
144,372
£2.47501
£357,322.14 |
144,372
£2.47456
£357,257.18 |
|
f) |
Date of the transaction |
2022-06-23 |
|
|
g) |
Place of the transaction |
London Stock Exchange, Main Market (XLON) |
|
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
||
|
a) |
Name |
Imran Nawaz |
|
|
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 6 1/3 pence each
GB00BLGZ9862 |
|
|
b) |
Nature of the transaction |
Release of shares awarded under a Listing Rule 9.4.2 arrangement |
|
|
c) |
Currency |
GBP |
|
|
d) |
Price(s) and volume(s) |
Price(s) £2.498 |
Volume(s) 306,266 |
|
e) |
Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
306,266
£2.498
£765,052.47 |
|
|
f) |
Date of the transaction |
2022-06-21 |
|
|
g) |
Place of the transaction |
Outside a trading venue |
|
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