Source - RNS
RNS Number : 9402M
Booker Group PLC
19 October 2016
 

For Immediate Release                                                     

19 October 2016

 

Booker Group plc ('Booker')

 

Grant of options under the Booker Group plc 2008 Performance Share Plan ('PSP')

 

On 19 October 2016 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

466,968 (PSP)

 

 

19 October 2016

Nil cost

 

 

Guy Farrant

461,538 (PSP)

 

 

19 October 2016

Nil cost

 

 

Mark Chilton

201,583 (PSP)

 

 

19 October 2016

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 2016 and March 2019.

 

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

N/A

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

Price(s)

Volume(s)

Nil cost

466,968

 

 

d)

Aggregated

information

 

-     Aggregated volume

 

-     Price

N/A single transaction

e)

Date of the

transaction

19 October 2016

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

N/A

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

Price(s)

Volume(s)

Nil cost

461,538

 

 

d)

Aggregated

information

 

-     Aggregated volume

 

-     Price

N/A single transaction

e)

Date of the

transaction

19 October 2016

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

N/A

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

Price(s)

Volume(s)

Nil cost

201,583

d)

Aggregated

information

 

-     Aggregated volume

 

-     Price

N/A single transaction

e)

Date of the

transaction

19 October 2016

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

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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