4th Oct 2012 15:13
4 October 2012
Tesco PLC (the "Company")
DIRECTOR/PDMR SHAREHOLDING
On 3 October 2012, a right was granted under the Company's Performance Share Plan to Adrian Morris, a PDMR of the Company, over Tesco PLC Ordinary Shares for which no payment is required, the number of shares being calculated using a market price of 335.04 pence per share in accordance with the Plan Rules.
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.
Number of Shares subject to the right | Vesting details |
235,047 | These rights will become exercisable on 30 July 2015, subject to the achievement of performance conditions over three financial years.
|
149,236 | These rights will become exercisable in two tranches on 3 September 2013 and 3 September 2014, subject to continuous employment during this period.
|
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