Tesco 1998 Annual Report Download - page 16

Download and view the complete annual report

Please find page 16 of the 1998 Tesco annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 45

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45

1 4
On 6 June 19 97, Lord MacLaurin held 563,728 (19 97 – 491, 6 8 7)o rd i n a ry shares and 800,318 (19 97 – 8 2 7 , 9 6 8)options to acquire
ordinary shares. Mr A T Higginson was appointed a director on 17 November 1997 and at that date he held no ordinary shares.
Options to acquire ordinary shares shown above comprise options under the executive share option schemes (1984),(1994),(1996)
and the savings-related share option scheme (1981) (note 23).
Between 28 February 1998 and 20 April 1998 there were no changes in the number of shares held by the directors.
Table 6 Disclosable interests of the directors,including family interests
Mr J A Gardiner
Mr T P Leahy
Mr D E Reid
Mr R S Ager
Mr J Gildersleeve
Mr A T Higginson
Mrs L James
Dr M G Jones
Mr T J R Mason
Mr J W Melbourn
Baroness O’Cathain
Mr G F Pimlott
Mr J M Wemms
Ordinary
shares
117,775
350,947
404,031
267,975
241,263
–
158,764
2,298
115,847
2,190
15,491
8,522
221,037
Options to
acquire
ordinary
shares
–
772,713
539,880
448,415
523,558
137,214
310,255
–
411,082
–
–
–
483,737
28 February 1998 22 February 1997
Ordinary
shares
117,775
239,483
325,001
184,238
184,916
–
107,398
2,237
86,469
2,190
6,300
8,294
169,702
Options to
acquire
ordinary
shares
–
783,646
709,028
499,551
694,298
–
347,371
–
403,543
–
9,191
–
516,318
Report of the Remuneration Committee
c o n t i n u e d
The savings-related share option scheme subscription price was 365p and the option matures in either 2001 (three-year scheme)
or 2003 (five-year scheme).The shares relating to options exercised in the year were all retained.
On 6 June 1997, Lord MacLaurin held 9,979 options with an exercise price of 174p -185p.
Between 28 February 1998 and 20 April 1998 there have been no changes in the number of share options held by the directors.
For further details on the company share option schemes see note 23.
Mr T P Leahy
Mr D E Reid
Mr R S Ager
Mr J Gildersleeve
Mrs L James
Mr T J R Mason
Mr J M Wemms
1998
£000
–
15
–
23
–
18
–
Exercise price
(pence)
185-249
185-365
161-249
185-365
161-249
185-365
185-249
As at
28 February 1998
8,365
6,525
7,715
6,564
8,642
6,825
8,365
Exercised
–
4,166
–
6,250
–
5,000
–
Granted
–
1,890
–
2,835
–
2,268
–
As at
22 February 1997
8,365
8,801
7,715
9,979
8,642
9,557
8,365
1997
£000
6
6
6
–
6
–
6
Table 5 Share options held by directors and not exercised at 28 February 1998
Savings-related share options schemes (1981)Number of shares Value realisable