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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