17th Oct 2013 07:45
For Immediate Release
17 October 2013
Booker Group plc ('Booker')
Grant of options under the terms of the Booker Group plc 2008 Performance Share Plan ('PSP')
On 17 October 2013 the Company granted options under the PSP to the following PDMRs:
PDMR | Number of ordinary shares of £0.01 over which options granted | Date of Award | Exercise price |
Jonathan Prentis (Group Finance Director) | 376,310 | 17 October 2013 | Nil cost
|
Mark Aylwin (Managing Director of Booker Direct) | 343,587 | 17 October 2013 | Nil cost
|
Guy Farrant (Managing Director of UK Cash and Carry) | 365,402 | 17 October 2013 | Nil cost
|
Bryn Satherley (Operations Director) | 305,411 | 17 October 2013 | Nil cost
|
Mark Chilton (Company Secretary and General Counsel) | 196,336 | 17 October 2013 | Nil cost
|
The options granted will vest and become exercisable three years from the date of the award subject to continued employment and the performance conditions mentioned below being satisfied and will lapse if not exercised within ten years of the date of the award.
50% of each award will be linked to an Absolute TSR performance target with 25% of this element vesting for achieving growth of 8% per annum and rising on a straight line basis with full vesting requiring 15% growth per annum, when measured over the 3 years from the award date.
50% of each award will be linked to an Absolute EPS performance target with 25% of this element vesting for achieving growth of 6% per annum and rising on a straight line basis with full vesting requiring 12% growth per annum, as measured at March 2013 and March 2016.
ENDS
For further information please contact:
Tulchan Communications (PR Adviser to the Company)
Tel: 020 7353 4200
Attn: Susanna Voyle / Rebecca Scott
Related Shares:
Booker Group