Director/PDMR Shareholding

RNS Number : 2473E

Tesco PLC

28 May 2012

 



28 May 2012 

Tesco PLC - Director / PDMR Shareholding

On 25 May 2012, the Directors/PDMRs below were granted rights 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 have been awarded in respect of the 2011/12 annual deferred bonus as disclosed in the Directors' Remuneration Report 2012.  The number of shares awarded was calculated using a market price of 308.25 pence.

Director	Number of shares
A Higginson	37,424
T Mason	37,424
L McIlwee	37,424
L Neville-Rolfe	28,068
PDMR	Number of shares
G Fryett	23,060
K Grace	19,041
A Horner	19,766
T Masters	24,158
M McNamara	17,570
N Robbins	28,551
K Towle	20,205

Awards have been made in the form of nil cost options with the exception of Mr Mason, whose award is in the form of an unfunded promise to deliver shares.

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 (for awards in the form of nil cost options) or grant and vesting (for awards in the form of an unfunded promise to deliver shares). The award will vest and options will become exercisable on 25 May 2015.

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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