RNS Number : 9349L
Tesco PLC
12 November 2024
 

PDMR SHAREHOLDING

12 November 2024

 

Tesco PLC (the "Company")

 

Grant of Awards under the Tesco PLC Long-Term Incentive Plan 2021 (the "LTIP")

On 11 November 2024, the Executive Directors and members of the Company's Executive Committee listed below were granted awards over Ordinary Shares of 6 1/3 pence each in the Company under the LTIP.

 

Name of PDMR

No. of shares subject to award

Kay Majid

131,668

 

The above awards have been made in the form of conditional shares which will vest on 24 June 2027 subject to the achievement of the Earnings Per Share, Free Cash Flow and ESG performance targets over the performance period, as outlined in the Directors' Remuneration Report of the Tesco PLC Annual Report and Financial Statements 2024. 

 

The numbers of shares have been calculated using a market price of 308.54 pence per share.  For any dividends paid in the period between the grant and release of conditional shares, the number of shares in each case will be increased to reflect the dividends that would have accrued had they been reinvested in shares.

 

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

Kay Majid

2

Reason for the notification

a)

Position/status

Group General Counsel

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

Grant of conditional shares under the rules of the Tesco PLC Long-Term Incentive Plan 2021

c)

Currency

GBP


d)

Price(s) and volume(s)

Price(s)

£3.0854

Volume(s)

131,668

e)

Aggregated information

- Aggregated volume

- Aggregated Price

- Aggregated Total

 

131,668

 

£3.0854

 

£406,248.45

f)

Date of the transaction

2024-11-11

g)

Place of the transaction

Outside a trading venue

 

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