Director dealings: Tesco non-exec spends $45k on ADRs
Tesco
289.80p
16:45 25/04/24
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.
Food & Drug Retailers
3,915.61
17:09 25/04/24
FTSE 100
8,078.86
17:14 25/04/24
FTSE 350
4,434.34
17:09 25/04/24
FTSE All-Share
4,387.94
16:49 25/04/24
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.
Top Director Buys
Tesco (TSCO)
Director name: Grote,Byron Elmer
Amount purchased: 18,000 @ $3.04
Value: $45,122.45
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