TIDMBOK

RNS Number : 9448G

Booker Group PLC

25 November 2015

For Immediate Release

25 November 2015

Booker Group plc ('Booker')

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

On 25 November 2015 the Company granted options over Booker shares under the PSP (which includes a tax approved CSOP) to the following PDMRs:

 
 PDMR                    Number of ordinary    Grant Date    Exercise price 
                          shares of GBP0.01 
                          over which options 
                          granted 
----------------------  --------------------  ------------  --------------- 
 Jonathan Prentis           482,414 (PSP)      25 November      Nil cost 
  (Group Finance                                2015 
  Director)                 16,828 (CSOP)*                      GBP1.7827 
----------------------  --------------------  ------------  --------------- 
 Guy Farrant                476,804 (PSP)      25 November      Nil cost 
  (Managing Director                            2015 
  of Booker Wholesale) 
----------------------  --------------------  ------------  --------------- 
 Mark Chilton               208,251 (PSP)      25 November      Nil cost 
  (Company Secretary                            2015 
  and General Counsel)      16,828 CSOP)*                       GBP1.7827 
----------------------  --------------------  ------------  ---------------

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 2015 and March 2018.

*The PSP and CSOP options are linked such that, at the time of exercise, to the extent that there is a gain in the CSOP option, linked PSP options with the same value will be forfeited.

ENDS

For further information please contact:

Tulchan Communications (PR Adviser to the Company)

   Tel:     020 7353 4200 
   Attn:   Susanna Voyle / Will Smith

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 25, 2015 07:37 ET (12:37 GMT)

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