Director/PDMR Shareholding

RNS Number : 6057S

Tesco PLC

20 May 2009

 



20 May 2009

Tesco PLC

DIRECTORS' SHAREHOLDINGS

The Directors below on 19 May 2009 were granted the following restricted share awards 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 will be held by The Tesco Employees' Share Schemes Trustees on behalf of the Directors.

The number of shares awarded was calculated using an average market price of 351.16 pence. 

Each Director may authorise sufficient shares subject to the award to be sold to pay the income tax and employee national insurance due on such award.

The number of shares subject to award (net of any sold to pay tax and employer national insurance) will be increased to reflect the dividends that would have accrued on the shares which ultimately vest had they been reinvested in shares in the period between award and release.  The award will vest on 19 May 2012.

Director                 No. of Shares

R W Brasher          202,882 

P A Clarke              202,882 

A T Higginson          202,882 

T P Leahy               440,504 

L Neville-Rolfe         142,017

D T Potts                 202,882 

The Director below on 19 May 2009 was granted a right over Ordinary Shares of 5p in the Company ('Shares') in the form of an unfunded promise to deliver Shares under the Company's Executive Incentive Plan for which no payment is required.  

The number of shares awarded was calculated using an average market price of 351.16 pence. 

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 release. The award will vest on 19 May 2012. 

T J R Mason           254,141

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

Enquiries:    J Lloyd

                    Company Secretary

                    Tesco PLC

                    Delamare Road

                    Cheshunt

                    Hertfordshire

                    EN8 9SL

                    Tel: [phone]

 

END

 

 

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