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

(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.

Top Director Buys

Tesco (TSCO) Director name: Grote,Byron Elmer Amount purchased: 18,000 @ $3.04 Value: $45,122.45

Top Director Sells

Bhp Group Limited Npv (di) (BHP) Director name: Henry,Mike Amount sold: 123,356 @ $41.44 Value: $2,705,697.97

Touchstone Exploration Inc Npv (di) (TXP) Director name: Wright,John D. Amount sold: 133,600 @ $1.55 Value: $122,510.87

Touchstone Exploration Inc Npv (di) (TXP) Director name: Wright,John D. Amount sold: 71,200 @ $1.55 Value: $65,290.22

Touchstone Exploration Inc Npv (di) (TXP) Director name: Wright,John D. Amount sold: 53,600 @ $1.55 Value: $49,151.07

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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