Tesco 2007 Annual Report Download - page 42

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Table 8 Directors’ interests in the long-term incentive plan continued
Value of
shares Market price
Year of Award As at 25 Feb Shares Shares As at 24 Feb released Release on release
Name release date 2006 awarded released 2007 £000 date (pence)
Miss L Neville-Rolfe (a) 2007 14.05.03 28,488 – 28,488 – 126 16.02.07 444.0
2008 27.05.04 33,016 – – 33,016 – 27.05.08 –
2008 12.05.05 54,538 – – 54,538 – 12.05.08 –
2009 24.05.06 56,631 – – 56,631 – 24.05.09 –
Mr D T Potts 2007 08.05.00 54,600 8,434 63,034 – 280 16.02.07 444.0
2007 10.04.02 236,389 36,516 272,905 – 1,212 16.02.07 444.0
2007 09.04.03 185,254 4,854 – 190,108 – 09.04.07 –
2008 11.04.01 81,857 12,645 – 94,502 – 11.04.08 –
2008 09.04.03 330,395 51,041 – 381,436 – 09.04.08 –
2008 04.05.04 171,342 4,490 – 175,832 – 04.05.08 –
2009 10.04.02 124,054 19,164 – 143,218 – 10.04.09 –
2009 04.05.04 257,012 39,703 – 296,715 – 04.05.09 –
(a) Bonus shares shown for Mr R Brasher and Miss L Neville-Rolfe were awarded under the senior management bonus scheme before they joined the Board. These shares can
not be retained for an additional three-year period and enhanced. Miss L Neville-Rolfe was appointed on 14 December 2006. The figures above show those shares released since
the date of her appointment.
(b) This Plan has been replaced by the Performance Share Plan and Executive Incentive Plan. The last awards under this Plan were made in May 2004.
(c) Long-term awards from 2002 are classed as four-year cycles and Short-term awards from 2004 are classed as two-year cycles as no election for enhancement is possible
yet. Long-term awards can be enhanced from the 4th year, extending the cycle to seven years. Short-term awards can be enhanced from the 2nd year, extending the cycle
to five years.
Date of award 16.04.99 08.05.00 11.04.01 08.05.01 10.04.02 07.05.02 09.04.03 14.05.03 04.05.04 27.05.04 12.05.05 24.05.06
Award price (pence) 168.83 174.00 259.25 247.50 248.00 261.50 197.25 202.88 248.75 249.88 309.88 316.88
Table 9 is unaudited information
Table 9 Disclosable interests of the Directors, including family interests
24 Feb 2007 25 Feb 2006
(or on appointment if later)
Options to Options to
acquire acquire
Ordinary ordinary Ordinary ordinary
shares (a) shares (b) shares (a) shares (b)
Executive Directors
Sir Terry Leahy 6,161,039 7,180,596 6,073,840 5,745,347
Mr R Brasher 195,483 2,131,456 226,814 1,763,401
Mr P A Clarke 1,491,104 2,174,667 1,447,286 2,185,101
Mr A T Higginson 1,674,052 2,174,667 1,649,690 2,585,673
Mr T J R Mason 1,963,153 2,128,820 1,627,031 2,585,005
Miss L Neville-Rolfe (c) 255,883 360,012 265,651 360,012
Mr D T Potts 1,843,088 2,174,667 1,791,777 1,856,916
Non-executive Directors
Mr C L Allen ––––
Mr R F Chase 52,653 – 51,662 –
Mrs K Cook ––––
Mr E M Davies 2,400 – 2,400 –
Dr H Einsmann 209,353 – 158,673 –
Mr K J Hydon 30,093 – 30,093 –
Ms C McCall 6,408 – 6,365 –
Mr D E Reid (Chairman) 193,347 – 193,264 –
(a) Ordinary shares shown in this table include shares held as part of incentive plans shown in table 8 and shares awarded to Mr T J R Mason under the Performance Share Plan
in the form of a promise to deliver shares shown in table 6. Between 25 February 2007 and 16 April 2007, 343 shares were purchased by Executive Directors as part of the
Buy As You Earn scheme.
(b) Options to acquire ordinary shares shown above comprise options held under the Executive Share Option schemes, Discretionary Share Option Plan, Save As You Earn
scheme, and nil cost options under the Performance Share Plan and Executive Incentive Plan.
(c) Miss L Neville-Rolfe was appointed to the Board on 14 December 2006. The balance for last year for Miss L Neville-Rolfe is shown as at the date of her appointment.
Directors’ remuneration report continued
40 Tesco PLC Annual report and financial statements 2007 Find out more at www.tesco.com/corporate