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28 Tesco PLC
Directors’ remuneration report continued
Table 6 Performance share plan share options
Performance Share Plan 2004
As at Options As at Date
28 Feb Options exercised 26 Feb from which
Date of grant 2004 granted (a) in year 2005 exercisable Expiry date
Sir Terry Leahy 28.07.2004 – 304,794 – 304,794 28.07.2008 28.07.2014
Mr R Brasher 28.07.2004 – 118,367 – 118,367 28.07.2008 28.07.2014
Mr P A Clarke 28.07.2004 – 175,774 – 175,774 28.07.2008 28.07.2014
Mr A T Higginson 28.07.2004 – 175,774 – 175,774 28.07.2008 28.07.2014
Mr T J R Mason 28.07.2004 – 175,774 – 175,774 28.07.2008 28.07.2014
Mr D T Potts 28.07.2004 – 175,774 – 175,774 28.07.2008 28.07.2014
(a) The options granted are nil-cost options. The share price on award was 253.45p. These options are subject to performance conditions set out on page 19.
No options lapsed in the year under this scheme.
Table 7 Directors’ interests in the long-term incentive plan
No of shares Shares Shares No of shares Value MMP on
Year of Award at 28 Feb awarded released at 26 Feb released Date of release
Name release date 2004 during year during year 2005 £000 release (pence)
Sir Terry Leahy 2005 11.05.98 79,525 12,166 91,691 – 286 10.02.05 312.45
2005 08.05.00 181,792 27,812 209,604 – 655 10.02.05 312.45
2005 11.04.01 149,712 4,043 – 153,755 – 11.04.05 –
2005 09.04.03 523,938 14,149 – 538,087 – 09.04.05 –
2006 16.04.99 96,193 14,717 – 110,910 – 16.04.06 –
2006 11.04.01 117,891 18,034 – 135,925 – 11.04.06 –
2006 10.04.02 230,677 6,230 – 236,907 – 10.04.06 –
2006 04.05.04 – 442,170 – 442,170 – 04.05.06 –
2007 08.05.00 91,747 14,036 – 105,783 – 08.05.07 –
2007 10.04.02 348,671 53,345 – 402,016 – 10.04.07 –
2007 09.04.03 329,887 8,909 – 338,796 – 09.04.07 –
2008 04.05.04 – 294,780 – 294,780 – 04.05.08 –
Mr R S Ager(a) 2005 11.05.98 54,034 – 54,034 – 134 23.03.04 248.125
2005 08.05.00 102,982 – 102,982 – 256 23.03.04 248.125
2005 11.04.01 74,854 – 74,854 – 186 23.03.04 248.125
2005 09.04.03 254,064 – 254,064 – 630 23.03.04 248.125
2006 16.04.99 61,257 – 61,257 – 152 23.03.04 248.125
2006 11.04.01 58,942 – 58,942 – 146 23.03.04 248.125
2006 10.04.02 115,338 – 115,338 – 286 23.03.04 248.125
2007 08.05.00 51,974 – 51,974 – 129 23.03.04 248.125
2007 10.04.02 174,333 – 174,333 – 433 23.03.04 248.125
2007 09.04.03 159,966 – 159,966 – 397 23.03.04 248.125
Date of award 11.05.98 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
Award price (pence) 186.66 168.83 174.00 259.25 247.50 248.00 261.50 197.25 202.88 248.75 249.88