15th Oct 2010 16:36
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: 01992 632222
Related Shares:
Tesco