PDMR SHAREHOLDING
03 July 2024
Tesco PLC (the "Company")
1. Tesco PLC Share Incentive Plan (the "Plan")
The Company has been notified that on 28 June 2024, the Trustees of the SIP Plan purchased Ordinary shares of 6⅓ pence each in the Company under the SIP's Dividend Re-Investment scheme on behalf of the following PDMRs:
| Name of PDMR | Number of shares acquired | Price per share | Date acquired |
| Ken Murphy | 53 | £3.0865 | 28 June 2024 |
| Guus Dekkers | 119 | £3.0865 | 28 June 2024 |
| Emma Taylor | 217 | £3.0865 | 28 June 2024 |
| Ashwin Prasad | 151 | £3.0865 | 28 June 2024 |
| Matt Simister | 75 | £3.0865 | 28 June 2024 |
| Andrew Yaxley | 461 | £3.0865 | 28 June 2024 |
2. Dividend Reinvestment Plan ("DRIP")
The following PDMRs acquired a further interest in the Company's shares as a result of their participation in the Company's Dividend Reinvestment Plan ("DRIP") directly or through a nominee service as set out below:
| Name of PDMR | Number of shares | Price per share | Date acquired |
| Ken Murphy
| 1,330 | £3.0865 | 28 June 2024 |
| 684 | £3.0895 | 01 July 2024 | |
| Imran Nawaz
| 8,325 | £3.0865 | 28 June 2024 |
| 684 | £3.0895 | 01 July 2024 | |
| Alison Platt | 1,010 | £3.0895 | 01 July 2024 |
| Stewart Gilliland | 837 | £3.0865 | 28 June 2024 |
| 557+ | £3.0865 | 28 June 2024 | |
| Bertrand Bodson | 1,609 | £3.0833 | 01 July 2024 |
| Matt Simister* | 1* | £3.0895 | 01 July 2024 |
| Guus Dekkers | 22 | £3.0865 | 28 June 2024 |
| 11,365 | £3.0895 | 01 July 2024 | |
| Natasha Adams | 3,735 | £3.0865 | 28 June 2024 |
| 12,340 | £3.0895 | 01 July 2024 | |
| Christine Heffernan | 1,767 | £3.0865 | 28 June 2024 |
| Emma Taylor | 8,100 | £3.0865 | 28 June 2024 |
| 4,808 | £3.0895 | 01 July 2024 | |
| Gerry Mallon | 5,312 | £3.0865 | 28 June 2024 |
+ Shares held in the joint names of Stewart Gilliland and his wife, Michelle Gilliland
* Share held by Matt Simister's wife; a person closely associated
3. Release of shares under the Tesco PLC Performance Share Plan 2011
On 1 July 2024, Gerry Mallon, a member of the Company's Executive Committee, received 18,199 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, 9,100 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 307.30 pence per share.
The Notification of Dealing Forms can be found below. This announcement is made in accordance with the UK Market Abuse Regulation (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 222 569
LEI Number: 2138002P5RNKC5W2JZ46
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||
| a) | Name | Ken Murphy | ||
| 2 | Reason for the notification | |||
| a) | Position/status | Group Chief Executive 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 | The acquisition of shares through the Dividend Reinvestment Plan held directly or through a nominee (DRIP) and through the Plan (SIP DRIP). | ||
| c) | Currency | GBP | | |
| d) | Price(s) and volume(s) | Price(s) £3.0865
£3.0865
£3.0895 | Volume(s) 53 (SIP DRIP) 1,330 (DRIP) 684 (DRIP) | |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total | SIP DRIP 53 £3.0865 £163.58 | DRIP 1,330 £3.0865 £4,105.04 | DRIP 684 £3.0895 £2,113.22 |
| f) | Date of the transaction | 2024-06-28 | 2024-06-28 | 2024-07-01 |
| 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 | The acquisition of shares through the Dividend Reinvestment Plan held directly or through a nominee. | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £3.0865
£3.0895 | Volume(s) 8,325 684 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
8,325 £3.0865 £25,695.11 |
£3.0895 £2,113.22 |
| f) | Date of the transaction | 2024-06-28 | 2024-07-01 |
| g) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Alison Platt | |
| 2 | Reason for the notification | ||
| a) | Position/status | Director | |
| 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 | The acquisition of shares through the Dividend Reinvestment Plan held directly or through a nominee. | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £3.0895 | Volume(s) 1,010 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
1,010 £3.0895 £3,120.40 | |
| f) | Date of the transaction | 2024-07-01 | |
| g) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Stewart Gilliland Michelle Gilliland (person closely associated with Stewart Gilliland) | |
| 2 | Reason for the notification | ||
| a) | Position/status | Director | |
| 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 | The acquisition of shares through the Dividend Reinvestment Plan held directly or through a nominee. | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £3.0865
£3.0865 | Volume(s) 837 557 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total | Stewart Gilliland 837 £3.0865 £2,583.40 | Stewart and Michelle Gilliland 557 £3.0865 £1,719.18 |
| f) | Date of the transaction | 2024-06-28 | |
| g) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Bertrand Bodson | |
| 2 | Reason for the notification | ||
| a) | Position/status | Director | |
| 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 | The acquisition of shares through the Dividend Reinvestment Plan held directly or through a nominee. | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £3.0833 | Volume(s) 1,609 |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
1,609 £3.0833 £4,961.03 | |
| f) | Date of the transaction | 2024-07-01 | |
| g) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Matt Simister Karen Simister (a person closely associated with Matt Simister) | |
| 2 | Reason for the notification | ||
| a) | Position/status | CEO, Central Europe | |
| 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 | The acquisition of shares through the Dividend Reinvestment Plan held directly or through a nominee (DRIP) and through the Share Incentive Plan (SIP DRIP). | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £3.0865
£3.0895 | Volume(s) 75 (SIP DRIP) 1 (DRIP) |
| e) |
Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total | Matt Simister SIP DRIP 75 £3.0865 £231.49 | Karen Simister DRIP 1 £3.0895 £3.09 |
| f) | Date of the transaction | 2024-06-28 | 2024-07-01 |
| g) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||
| a) | Name | Guus Dekkers | ||
| 2 | Reason for the notification | |||
| a) | Position/status | Chief Technology 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 | The acquisition of shares through the Dividend Reinvestment Plan held directly or through a nominee (DRIP) and through the Share Incentive Plan (SIP DRIP). | ||
| c) | Currency | GBP | | |
| d) | Price(s) and volume(s) | Price(s) £3.0865
£3.0865
£3.0895
| Volume(s) 119 (SIP DRIP) 22 (DRIP) 11,365 (DRIP) | |
| e) | Aggregated information
- Aggregated volume - Aggregated Price - Aggregated Total | SIP DRIP
119 £3.0865 £367.29 | DRIP
22 £3.0865 £67.90 | DRIP
11,365 £3,0895 £35,112.17 |
| f) | Date of the transaction | 2024-06-28 | 2024-06-28 | 2024-07-01 |
| g) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Ashwin Prasad | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Commercial 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 | The acquisition of shares through the Share Incentive Plan. | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s)
| Volume(s)
|
| £3.0865 | 151 | ||
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
151 £3.0865 £466.06 | |
| f) | Date of the transaction | 2024-06-28 | |
| g) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Natasha Adams | |
| 2 | Reason for the notification | ||
| a) | Position/status | CEO, Ireland and Northern Ireland | |
| 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 | The acquisition of shares through the Dividend Reinvestment Plan held directly or through a nominee.
| |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s)
| Volume(s) |
| £3.0865 | 3,735 | ||
| £3.0895 | 12,340 | ||
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
3,735 £3.0865 £11,528.08 |
12,340 £3.0895 £38,124.43 |
| f) | Date of the transaction | 2024-06-28 | 2024-07-01 |
| g) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Christine Heffernan | |
| 2 | Reason for the notification | ||
| a) | Position/status | Group Communications Director | |
| 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 | The acquisition of shares through the Dividend Reinvestment Plan held directly or through a nominee. | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) | Volume(s)
|
| £3.0865 | 1,767 | ||
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
1,767 £3.0865 £5,453.85 | |
| f) | Date of the transaction | 2024-06-28 | |
| g) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||
| a) | Name | Emma Taylor | ||
| 2 | Reason for the notification | |||
| a) | Position/status | Chief People 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 | The acquisition of shares through the Dividend Reinvestment Plan held directly or through a nominee (DRIP) and through the Share Incentive Plan (SIP DRIP). | ||
| c) | Currency | GBP | | |
| d) | Price(s) and volume(s) | Price(s) £3.0865
£3.0865 £3.0895 | Volume(s) 217 (SIP DRIP) 8,100 (DRIP) 4,808 (DRIP) | |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total | SIP DRIP 217 £3.0865 £669.77 | DRIP 8,100 £3.0865 £25,000.65 | DRIP 4,808 £3.0895 £14,854.32 |
| f) | Date of the transaction | 2024-06-28 | 2024-06-28 | 2024-07-01 |
| g) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||
| 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 | The acquisition of shares through the Dividend Reinvestment Plan held directly or through a nominee (DRIP) and the release of shares awarded under the rules of the Tesco PLC Performance Share Plan 2021 (PSP). | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £3.0865
£3.073 | Volume(s) 5,312 (DRIP) 18,199 (PSP) |
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total | DRIP 5,312 £3.0865 £16,395.49 | PSP 18,199 £3.073 £55,925.53 |
| f) | Date of the transaction | 2024-06-28 | 2024-07-01 |
| g) | Place of the transaction | London Stock Exchange, Main Market (XLON) | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Andrew Yaxley | |
| 2 | Reason for the notification | ||
| a) | Position/status | CEO, Booker | |
| 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 | The acquisition of shares through the Share Incentive Plan. | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) £3.0865 | Volume(s) 461 |
| | |||
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
461 £3.0865 £1,422.88 | |
| f) | Date of the transaction | 2024-06-28 | |
| g) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |
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