22nd Nov 2012 14:28
For Immediate Release
22 November 2012
Booker Group plc ('Booker')
Grant of options under the terms of the Booker Group plc 2008 Performance Share Plan ('PSP'), including the tax approved Company Share Option Plan ('CSOP') Schedule
On 22 November 2012 the Company granted options under the PSP and CSOP to the following PDMR's:
PDMR | Number of ordinary shares of £0.01 over which options granted | Date of Award | Exercise price |
Jonathan Prentis (Group Finance Director) | 522,622 PSP | 22 November 2012 | Nil cost
|
Mark Aylwin (Managing Director of Booker Direct) | 477,176 PSP | 22 November 2012 | Nil cost
|
Guy Farrant (Managing Director of UK Cash and Carry) | 507,473 PSP 30,296 CSOP* | 22 November 2012 | Nil cost 99.02 p
|
Bryn Satherley (Operations Director) | 424,157 PSP | 22 November 2012 | Nil cost
|
Mark Chilton (Company Secretary and General Counsel) | 272,672 PSP | 22 November 2012 | 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 2012 and March 2015.
*At the time of exercise, to the extent that there is a gain on the CSOP option, PSP options will be forfeited to the same value.
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