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Tesco bosses could receive £25m in shares

Senior executives at Tesco could be awarded shares worth £25m in 2018, even though the supermarket made its biggest ever loss of £6.4bn earlier this year.

Under Tesco’s Performance Share Plan, in July 2018, if certain targets are met, 11 board members will receive £16.9m worth of shares.

Tesco chief executive Dave Lewis could receive £3.4m and finance director Alan Stewart £1.8m. Matt Davies, the new head of Tesco’s UK and Irish business, is in line for £1.5m.

The troubled supermarket made a £6.4bn loss for the year to February 28.

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