TIDMTSCO

RNS Number : 0904W

Tesco PLC

12 April 2019

TESCO PLC PERFORMANCE SHARE PLAN 2011

PDMR SHAREHOLDING

12 April 2019

Tesco PLC (the "Company")

On 11 April 2019, Gerry Mallon, a member of the Company's Executive Committee, received 16,769 Ordinary shares of 5 pence each in the Company upon their release from share awards 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 248.30 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 of 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          Ordinary shares of 5 pence each 
      instrument, type of instrument 
 
      Identification code                    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)                              Volume(s) 
                                             GBP2.483                              16,769 
---  ------------------------------------  ------------------------------------  ------------------------------------- 
 e)   Aggregated information 
       - Aggregated volume                    16,769 
       - Aggregated Price 
       - Aggregated Total                     GBP2.483 
 
                                              GBP41,637.43 
 f)   Date of the transaction               2019-04-11 
     ==================================== 
 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 rns@lseg.com or visit www.rns.com.

END

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April 12, 2019 09:34 ET (13:34 GMT)

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