16th Oct 2009 16:22
16 October 2009
Tesco PLC
DIRECTOR/PDMR SHAREHOLDING
On 15 October 2009, 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 374.00 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 15 July 2012, subject to the achievement of performance conditions over three financial years.
Director Number of Shares subject to the right
R Brasher 325,668
P Clarke 325,668
A Higginson 325,668
T Leahy 565,508
T Mason 217,112
L Mcilwee 244,251
L Neville-Rolfe 244,251
D Potts 325,668
Other PDMR
C Holmes 200,535
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
Company Secretary
Tesco PLC
Tel: 01992 632222
Related Shares:
Tesco