AstraZeneca PLC
19 November 2007
Transaction by Persons Discharging Managerial Responsibilities
Disclosure Rules DR 3.1.2R
We hereby inform you that on 16 November 2007, Simon Lowth, a Director of
AstraZeneca PLC, was granted awards under the terms of the AstraZeneca Share
Option Plan and the AstraZeneca Performance Share Plan over the Company's
USD0.25 Ordinary Shares. Details of the awards are as follows:
AstraZeneca Share Option Plan
Number of shares over
which option is Exercise price per Period when Total number of
Name of Director granted share exercisable shares under option
S Lowth 18,665 2210p 16.11.10-15.11.17 18,665
The option will become exercisable on16 November 2010 subject to the achievement
of certain performance conditions. The conditions, which will not be subject to
any retesting, are that the earnings per share of the Company must increase by
the increase in the UK Retail Prices Index plus 5% per annum on average over
three years, and that no significant unforeseen event has taken place which, in
the reasonable opinion of the Remuneration Committee, has resulted in major
reputational damage to AstraZeneca, and the circumstances of which are
exceptional enough to justify the option not vesting and becoming exercisable.
Failure to satisfy either or both of these conditions will result in the lapse
of the option in its entirety.
AstraZeneca Performance Share Plan
Target number of Total interest
shares awarded in shares after
Name of Award price per this award Percentage of
Director share Normal vesting date shares in issue
S Lowth 15,554 2210p 16 November 2010 16,404 0.001%
The AstraZeneca Performance Share Plan was approved by shareholders at the
Company's AGM in 2005. Awards made under the Plan may not generally vest before
the third anniversary of the relevant date of grant nor unless the specified
performance target(s) have been met at the end of the three year period which,
for this award, is 1 January 2007 to 31 December 2009.
The performance target that applies to this award is the Company's Total
Shareholder Return ('TSR') compared to the TSR of a selected peer group of 12
other pharmaceutical companies. The actual number of shares to which a
participant may become unconditionally entitled will depend on the extent to
which the performance target(s) have been met. A summary of the Plan, including
a more detailed explanation of the performance target(s), can be found in the
AstraZeneca Annual Report and Form 20-F Information 2006 which is available on
the Company's website www.astrazeneca.com.
G H R Musker
Company Secretary
19 November 2007
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.