Wolseley PLC WOS Statement re EPS performance targets

  Wolseley PLC (WOS) - Statement re EPS performance targets

RNS Number : 1409Q
Wolseley PLC
01 November 2012




                                      

                               1 November 2012



                    Wolseley plc - EPS Performance Targets



Wolseley plc (the "Company") announces that it has set the performance targets
for the first  grant of option  awards under the  Company's proposed  Employee 
Share Option Plan  2012 (the "Plan").  The first grant  of option awards  are 
subject to  approval of  the  Plan by  shareholders  at the  Company's  annual 
general meeting on 29 November 2012 (the "AGM").



The performance conditions are based on  the growth in the Company's  earnings 
per share ("EPS") over a three year period. If shareholders approve the  Plan 
at the AGM,  for the grants  to be made  in 2012 the  first tranche of  shares 
under an option, worth (at the date  of grant) up to 50% of the  participant's 
salary, will be subject  to a target of  9% EPS growth over  and above the  UK 
retail price index ("RPI"); the next  tranche of shares under option equal  to 
between 50% and 200% of salary will have  a target of 18% EPS growth over  and 
above RPI; and the tranche of shares under option worth between 200% and 250%
of salary will have  a target of 27%  EPS growth over and  above RPI, in  each 
case over a three-year period. No grant will be made which would exceed  250% 
of salary.





Wolseley plc

Richard Shoylekov

+41 41 723 22 30









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