Director dealings: Tesco non-exec spends $45k on ADRs

26th Aug 2022 12:25

(Sharecast News) - Tesco shares were in the red on Friday afternoon, even after a non-executive director bought more than $45,000 of the retail giant's American depositary receipts.

The company disclosed that Byron Grote purchased 18,000 ADRs on Thursday, for $3.04 each, in an over-the-counter (OTC) transaction in the US.

That valued the investment at a total of $45,122.45.

Tesco said each of its American depositary receipts is equivalent to three of its ordinary shares.

At 1231 BST, shares in Tesco were down 0.89% at 254.21p.

Reporting by Josh White at Sharecast.com.

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Tesco (TSCO)

Director name: Grote,Byron Elmer

Amount purchased: 18,000 @ $3.04

Value: $45,122.45

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Director name: Henry,Mike

Amount sold: 123,356 @ $41.44

Value: $2,705,697.97

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Director name: Wright,John D.

Amount sold: 133,600 @ $1.55

Value: $122,510.87

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Director name: Wright,John D.

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Director name: Wright,John D.

Amount sold: 53,600 @ $1.55

Value: $49,151.07