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TESCO PLC GROUP BONUS PLAN
PDMR SHAREHOLDING
25 July 2017
Tesco PLC (the "Company")
On 24 July 2017, Tony Hoggett, a member of the Company's Executive Committee, received 27,221 Ordinary shares of 5 pence each in the Company upon their release from an award granted under the rules of the Tesco PLC Group Bonus Plan on 23 July 2014.
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 and the net shares have been transferred to Mr Hoggett.
The share price on release was 172.75 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:
Darren Lennark, Deputy Company Secretary
Tesco PLC
Tesco House
Shire Park
Kestrel Way
Welwyn Garden City
Hertfordshire
AL7 1GA
Tel: 01707 912988
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
Tony Hoggett |
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2 |
Reason for the notification |
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a) |
Position/status |
Asia CEO |
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b) |
Initial notification /Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Tesco PLC |
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b) |
Legal Entity Identifier |
2138002P5RNKC5W2JZ46 |
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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 |
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a) |
Description of the financial instrument, type of instrument
Identification code
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Ordinary shares of 5 pence each
GB0008847096 |
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b) |
Nature of the transaction |
Release of shares from an award granted under the rules of the Tesco PLC Group Bonus Plan on 23 July 2014 |
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c) |
Currency |
GBP |
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d) |
Price(s) and volume(s) |
Price(s) £1.7275 |
Volume(s) 27,221 |
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e) |
Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
27,221
£1.7275
£47,024.28 |
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f) |
Date of the transaction |
2017-07-24 |
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g) |
Place of the transaction |
Outside a trading venue |
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This information is provided by RNS
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