18th Oct 2017 10:25
For Immediate Release
18 October 2017
Booker Group plc ('Booker')
Grant of options under the Booker Group plc 2008 Performance Share Plan ('PSP')
On 18 October 2017 Booker granted options ('Options') over Booker ordinary shares ('Ordinary Shares') under the PSP to the following PDMRs:
PDMR | Number of ordinary shares of £0.01 over which options granted | Grant Date | Exercise price |
Jonathan Prentis | 427,689 (PSP)
| 18 October 2017 | Nil cost
|
Guy Farrant | 422,716 (PSP)
| 18 October 2017 | Nil cost
|
Mark Chilton | 184,627 (PSP)
| 18 October 2017 | Nil cost
|
The options will vest and become exercisable three years from the grant date subject to continued employment and satisfaction of the performance conditions set out below and will lapse if not exercised within ten years of the grant date.
50% of each option is linked to an Absolute TSR performance target with 25% of this element vesting for achieving growth of 8% per annum, rising on a straight line basis with full vesting requiring 15% growth per annum, when measured over the 3 years from the grant date.
The remaining 50% of each option is linked to an Absolute EPS performance target with 25% of this element vesting for achieving growth of 6% per annum, rising on a straight line basis with full vesting requiring 12% growth per annum, as measured at March 2017 and March 2020.
Notification and public disclosure of transactions by PDMRs and persons closely associated with them
1. | Details of PDMR / person closely associated with them ("PCA") | |||||
a)
| Name
| Jonathan Prentis
| ||||
2. | Reason for the notification | |||||
a) | Position / status | Group Finance Director
| ||||
b) | Initial notification / amendment | Initial notification | ||||
3. | Details of the Issuer | |||||
a) | Name | Booker Group plc | ||||
b) | LEI | 213800HU535UNVVUI584 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument | Ordinary Shares of £0.01
ISIN: GB00B01TND91
| ||||
b) | Nature of the transaction | Grant of Options over Ordinary Shares pursuant to the Company's Performance Share Plan. | ||||
c) | Price(s) and volume(s) | PSP options
| ||||
d) | Aggregated information
- Aggregated volume
- Price | N/A single transaction | ||||
e) | Date of the transaction | 18 October 2017 | ||||
f) | Place of the transaction | London Stock Exchange (XLON) | ||||
1. | Details of PDMR / person closely associated with them ("PCA") | |||||
a)
| Name
| Guy Farrant
| ||||
2. | Reason for the notification | |||||
a) | Position / status | Chief Operating Officer
| ||||
b) | Initial notification / amendment | Initial notification | ||||
3. | Details of the Issuer | |||||
a) | Name | Booker Group plc | ||||
b) | LEI | 213800HU535UNVVUI584 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument | Ordinary Shares of £0.01
ISIN: GB00B01TND91
| ||||
b) | Nature of the transaction | Grant of Options over Ordinary Shares pursuant to the Company's Performance Share Plan. | ||||
c) | Price(s) and volume(s) | PSP options
| ||||
d) | Aggregated information
- Aggregated volume
- Price | N/A single transaction | ||||
e) | Date of the transaction | 18 October 2017 | ||||
f) | Place of the transaction | London Stock Exchange (XLON) | ||||
1. | Details of PDMR / person closely associated with them ("PCA") | |||||
a)
| Name
| Mark Chilton
| ||||
2. | Reason for the notification | |||||
a) | Position / status | Company Secretary
| ||||
b) | Initial notification / amendment | Initial notification | ||||
3. | Details of the Issuer | |||||
a) | Name | Booker Group plc | ||||
b) | LEI | 213800HU535UNVVUI584 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument | Ordinary Shares of £0.01
ISIN: GB00B01TND91
| ||||
b) | Nature of the transaction | Grant of Options over Ordinary Shares pursuant to the Company's Performance Share Plan. | ||||
c) | Price(s) and volume(s) | PSP options
| ||||
d) | Aggregated information
- Aggregated volume
- Price | N/A single transaction | ||||
e) | Date of the transaction | 18 October 2017 | ||||
f) | Place of the transaction | London Stock Exchange (XLON) | ||||
ENDS
For further information please contact:
Tulchan Communications (PR Adviser to the Company)
Tel: 020 7353 4200
Attn: Susanna Voyle
Related Shares:
Booker Group