Tesco FD cashes in options
Higginson earns £900,000 from move, on back of all-time high
Tesco finance director Andrew Higginson cashed in more than £900,000 pounds
worth of shares yesterday as the retailing group’s shares hovered around an all
The company announced today that Higginson had exercised a total of
523,544 share options at a price of £3.70 yesterday,
The options, with a strike price of just under £2, would have yielded a
gain of £903,113.4.
The company’s shares reached a peak of just over £3.70 recently.
The 48-year-old FD was appointed to the board in November, and is also a
chairman of Tesco Personal Finance and a non-executive director of BSkyB Plc.
According to company reports Higginson took home a total of £2.3m last year.