Tesco Directors Increase Shareholdings
Why we think this is neutral
This RNS announcement is a routine director dealing update, which does not contain any significant news that would impact the company's performance or outlook. The directors have purchased a relatively small number of shares through the company's share incentive plan, which is a common practice.
Key Points
- Several Tesco executives have purchased a small number of shares through the company's employee share scheme
- The purchases were made by the Group CEO, Ireland/NI CEO, UK CEO, and other senior managers
Summary
The retailer has announced that several of its senior executives have purchased a modest number of shares in the company through its employee share scheme.
Tesco PLC has announced that several of its Persons Discharging Managerial Responsibilities (PDMRs), including the Group Chief Executive Officer, CEO of Ireland and Northern Ireland, CEO of the UK, and other senior executives, have purchased a total of 243 ordinary shares in the company through the Tesco PLC Share Incentive Plan. The shares were purchased at a price of £3.2478 per share.
DIRECTOR DEALINGS