Director/PDMR Shareholding

RNS Number : 9560I

Tesco PLC

31 July 2012

 



31 July 2012

Tesco PLC (the "Company")

DIRECTOR/PDMR SHAREHOLDING

On 30 July 2012, a right was granted under the Company's Performance Share Plan to the persons below over Tesco PLC Ordinary Shares for which no payment is required, the number of shares being calculated using a market price of 317.1 pence per share in accordance with the Plan Rules.

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. These rights will become exercisable on 30 July 2015, subject to the achievement of performance conditions over three financial years.

Director	Number of Shares subject to the right
P Clarke	973,037
A Higginson	604,541
T Mason	616,632
L McIIlwee	616,632
L Neville-Rolfe	462,474
PDMR	Number of Shares subject to the right
G Fryett	432,829
K Grace	354,778
A Horner	325,686
T Masters	604,541
M McNamara	289,499
N Robbins	470,435
R Shelley	266,083
K Towle	332,923

Note: Awards have been made in the form of nil cost options with the exception of Mr Mason's award which has been made as a promise over shares that will be delivered on the vesting date if the performance conditions are met. The number of shares subject to Mr Mason's award 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 vesting.

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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