Tesco PLC Director/PDMR Shareholding
11 Abril 2024 - 11:30AM
RNS Regulatory News
RNS Number : 3410K
Tesco PLC
11 April 2024
PDMR SHAREHOLDING
11 April 2024
Tesco PLC (the "Company")
Release of shares under the Tesco PLC Performance Share Plan
2011
On 10 April 2024, Gerry Mallon,
a member of the Company's Executive
Committee, received 11,220 Ordinary shares of
6 1/3 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. Of those shares released,
5,610 shares have been withheld to cover Income Tax and National
Insurance Contributions due on release. The
net shares have been transferred to Gerry Mallon and are subject to
post-vesting holding period of six months.
The share price on release was
297.00 pence per share.
The Notification of Dealing Form can
be found below. This announcement is made in accordance with
Article 19 of the 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
6 1/3 pence each
GB00BLGZ9862
|
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)
£2.97
|
Volume(s)
11,220
|
e)
|
Aggregated information
- Aggregated volume
- Aggregated Price
- Aggregated Total
|
11,220
£2.97
£33,323,40
|
f)
|
Date of the transaction
|
2024-04-10
|
g)
|
Place of the transaction
|
Outside a trading venue
|
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END
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