Director/PDMR Shareholding

RNS Number : 1409O

Tesco PLC

23 June 2010

 



23 June 2010

Tesco PLC

DIRECTORS'/PDMR SHAREHOLDINGS

On 22 June 2010, the Directors below were granted rights over Ordinary Shares of 5p in Tesco PLC (the 'Company') under the Company's Executive Incentive Plan for which no payment is required.  These shares have been awarded in respect of the 2009/10 annual deferred bonus as disclosed in the Directors' Remuneration Report 2010.  The number of shares awarded was calculated using an average market price of 388.05 pence.

Director                       Number of Shares

R W Brasher               196,696

P A Clarke                   196,696

A T Higginson              196,696

T P Leahy                    459,644

T J R Mason                292,085

L McIlwee                    147,522

L Neville-Rolfe             147,522

D T Potts                     196,696

Awards have been made in the form of nil cost options with the exception of Mr Mason, whose award is in the form of an unfunded promise to deliver shares.

The number of shares subject to the right will be increased to reflect the dividends that would have accrued on vested shares had they been reinvested in shares in the period between grant and exercise (for awards in the form of nil cost options) or grant and vesting (for awards in the form of an unfunded promise to deliver shares). The award will vest and options will become exercisable on 22 May 2013.

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

Enquiries:        J Lloyd

                        Company Secretary

                        Tesco PLC

                        Tel: [phone]

 

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