16th Oct 2014 07:45
For Immediate Release
16 October 2014
Booker Group plc ('Booker')
Grant of options under the Booker Group plc 2008 Performance Share Plan ('PSP')
On 16 October 2014 the Company granted options 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 (Group Finance Director) | 500,972 | 16 October 2014 | Nil cost
|
Mark Aylwin (Managing Director of Booker Direct) | 424,875 | 16 October 2014 | Nil cost
|
Guy Farrant (Managing Director of Booker Wholesale) | 494,631 | 16 October 2014 | Nil cost
|
Bryn Satherley (Operations Director) | 424,875 | 16 October 2014 | Nil cost
|
Mark Chilton (Company Secretary and General Counsel) | 253,657 | 16 October 2014 | Nil cost
|
The options granted 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 2014 and March 2017.
ENDS
For further information please contact:
Tulchan Communications (PR Adviser to the Company)
Tel: 020 7353 4200
Attn: Susanna Voyle / Will Smith
Related Shares:
Booker Group