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Tesco Compensation Scheme

Important information on the Tesco Compensation Scheme

Important information on the Tesco Compensation Scheme

 

30 November 2018

 

The Tesco Compensation Scheme has now closed.

 

The Tesco Compensation Scheme (the 'Scheme') has now closed. Per the terms of the Scheme, KPMG's role as Scheme Administrator has now ceased. Should you have a query in relation to your claim please contact Equiniti, Tesco's share registrars, by telephone on 03713842977, or write to Tesco's Company Secretariat Team at the following address: Company Secretariat Team, Shire Park, Kestrel Way, Welwyn Garden City, Hertfordshire, AL7 1GA.

 

Scheme background

 

Tesco PLC and Tesco Stores Limited (together 'Tesco') agreed with the FCA (under its statutory powers) to establish a compensation scheme for certain shareholders and bondholders to be administered by KPMG.

The Scheme was set up to compensate those affected by Tesco's trading misstatement of 29th August 2014, which was later corrected on 22nd September 2014.

As a result, Tesco paid compensation to certain purchasers of Tesco shares and bonds in the period from 29 August to 19 September 2014.

The Scheme was announced on 28 March 2017 with the deadline for making a claim being 22 February 2018. The Scheme closed on 30 November 2018 resulting in the cessation of the KPMG's Administrator role.

The FCA's Final Notice, which details the terms of the Scheme, as agreed between Tesco and the FCA, is available here (PDF 235 KB).

 

Key Dates:

Scheme closure date:
30 November 2018

 

Contact details

Phone

Equiniti: +44 (0)3713 842 977

Postal

Company Secretariat Team,
Shire Park,
Kestral Way,
Welwyn Garden City,
Hertfordshire AL7 1GA.