Director/PDMR Shareholding

RNS Number : 6564L

AstraZeneca PLC

10 May 2010

 



Transactions by Persons Discharging Managerial Responsibilities

Disclosure Rules DR 3.1.4R

We hereby inform you that on 7 May 2010, the following Directors of AstraZeneca PLC were each granted awards under the terms of the AstraZeneca Investment Plan (AZIP) and the AstraZeneca Performance Share Plan (AZPSP) over the Company's USD0.25 Ordinary Shares. 

Name of Director	Shares awarded under AZIP	Shares awarded under AZPSP	Award price per share	Total interest in shares after this award	Percentage of shares in issue
D R Brennan	21,253	127,520	2861p	See below	See below
S Lowth	8,668	52,009	2861p	210,680	0.01%

The AstraZeneca Investment Plan was approved by shareholders at the Company's AGM on 29 April 2010.  The awards made under this Plan on 7 May 2010 are subject to a four-year performance period and a subsequent four-year holding period.

The performance hurdle that applies to these awards relates to dividends and dividend cover.  A summary of the Plan, including a more detailed explanation of the performance hurdle, can be found in the AstraZeneca Annual Report and Form 20-F Information 2009 and the Notice of AGM 2010, both of which are available on the Company's website www.astrazeneca.com.

The AstraZeneca Performance Share Plan was approved by shareholders at the Company's AGM in 2005.  Awards made under this 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 performance period which, for these awards, is 1 January 2010 to 31 December 2012. 

The performance target that applies to these awards relates to relative total shareholder return and cash flow.  A summary of the Plan, including a more detailed explanation of the performance target, can be found in the AstraZeneca Annual Report and Form 20-F Information 2009 and the Notice of AGM 2010, both of which are available on the Company's website www.astrazeneca.com.

Mr Brennan has interests in the Company's Ordinary Shares and American Depositary Shares (ADSs).  One ADS equals one Ordinary Share.  In total, Mr Brennan now has an interest in 607,699 Ordinary Shares and 77,944 ADSs, which together represent approximately 0.05% of the number of shares currently in issue.

A C N Kemp

Company Secretary

10 May 2010

 

END

 

 

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