9th Jul 2008 17:04
9 July 2008
Tesco PLC
DIRECTORS' SHAREHOLDINGS
On 8 July 2008, a right was granted under the Company's Performance Share Plan to the Directors below over Tesco PLC Ordinary shares for which no payment is required, the number of shares being calculated using an average market price of 353.76 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 8 July 2011, subject to the achievement of performance conditions over three financial years.
Director Number of Shares subject to the right
R Brasher 335,652
P Clarke 335,652
A Higginson 335,652
Sir Terry Leahy 583,023
T Mason 223,768
L Neville-Rolfe 234,956
D Potts 335,652
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
Deputy Company Secretary
Tesco PLC
Tel: 01992 632222
Related Shares:
Tesco