Director/PDMR Shareholding

RNS Number : 5065U

Tesco PLC

15 October 2010

 



15 October 2010

Tesco PLC

DIRECTOR SHAREHOLDING

On 14 October 2010, 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 an average market price of 433.90 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 14 July 2013, subject to the achievement of performance conditions over three financial years. 

Director	Number of Shares subject to the right
R Brasher	287,624
P Clarke	287,624
A Higginson	287,624
Sir Terence Leahy	499,194
T Mason	191,749
L McIlwee	287,624
L Neville-Rolfe	215,718
D Potts	287,624

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.

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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