Director/PDMR Shareholding

RNS Number : 4305H

Tesco PLC

19 February 2010

 



19 February 2010

TESCO PLC - Director / PDMR Shareholding

The Directors below were allocated shares on 18 February 2010 under the Company's Executive Incentive Scheme at a price of 428.275 pence per share.  This allocation is the final enhancement on the long-term share awards made in 2004 which were available for release in 2008.  These Directors had chosen to extend the holding period to receive additional enhancements which are conditional on continuous employment with the Company.

Director                       Number of shares

Philip Clarke                30,238

Andrew Higginson       30,238

Terry Leahy                 53,329

Tim Mason                  30,238

David Potts                 30,238

On 18 February 2010 the Directors below received Ordinary Shares of 5p each in the Company, released from the Tesco Executive Incentive Scheme at a value of 428.275 pence per share. The Company retained a proportion of the gross number of shares to cover the income tax and social security liabilities of the Directors.  This is the final release of shares from this legacy scheme and the Directors are required to retain some of the net shares for at least 12 months.

Director                       Gross number of shares released

Philip Clarke                565,852

Andrew Higginson       578,908

Terry Leahy                 1,030,606

Tim Mason                  578,908

David Potts                 565,852

This announcement is made in accordance with the requirements of DTR 3.1.4

Enquiries:        J Lloyd

                        Company Secretary

                        Tesco PLC

                        Delamare Road

                        Cheshunt

                        Hertfordshire

                        EN8 9SL

                        Tel: [phone]

 

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