Director/PDMR Shareholding

RNS Number : 7321Y

Tesco PLC

09 July 2008

 



9 July 2008

Tesco PLC

DIRECTORS' SHAREHOLDINGS

On 8 July 2008, a right was granted under the Company's Performance Share Plan to the Directors below over Tesco PLC Ordinary shares for which no payment is required, the number of shares being calculated using an average market price of 353.76 pence per share.

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 8 July 2011, subject to the achievement of performance conditions over three financial years.  

Director                    Number of Shares subject to the right

R Brasher                335,652

P Clarke                   335,652

A Higginson              335,652

Sir Terry Leahy        583,023

T Mason                   223,768

L Neville-Rolfe          234,956

D Potts                     335,652

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 released on the vesting date if the performance conditions are met.

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

Enquiries:    J Lloyd

                    Deputy Company Secretary

                    Tesco PLC

                    Tel: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

 

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