Long Term Incentive Plan Awards

RNS Number : 2183E
CVS Group plc
16 October 2018
 

16 October 2018

CVS Group plc

("CVS" or the "Company")

Long Term Incentive Plan Awards

CVS, the UK's leading provider of integrated veterinary services, announces that on 12 October 2018 it made a grant of awards over the Company's ordinary shares of 0.2 pence each ("Ordinary Shares") under the CVS Group Long Term Incentive Plan 2017 ("LTIP") to certain Directors and employees to subscribe for 187,114 Ordinary Shares (the "Options"). The awards to Directors are detailed in the table below:

Name

Role

Number of Ordinary

Shares subject to LTIP award

 

Simon Innes

Chief Executive

63,797

Richard Fairman

Finance Director

30,969

The awards will vest in three years' time subject to certain performance criteria related to earnings per share growth over a three-year performance period between 1 July 2018 and 30 June 2021 being satisfied.

Further details of the awards are set out below.

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Simon Innes

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Executive

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

CVS Group plc

b)

 

LEI

 

 

213800J41XDQ2NX48O05

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

 

Identification code

 

 

Ordinary shares of 0.2 pence each

 

 

GB00B2863827

 

b)

 

Nature of the transaction

 

 

Grant of Options under the LTIP

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

Exercise price of 0.2p

63,797

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

e)

 

Date of the transaction

 

 

12 October 2018

f)

 

Place of the transaction

 

 

Off market

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Richard Fairman

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Finance Director

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

CVS Group plc

b)

 

LEI

 

 

213800J41XDQ2NX48O05

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

 

Identification code

 

 

Ordinary shares of 0.2 pence each

 

 

GB00B2863827

 

b)

 

Nature of the transaction

 

 

Grant of Options under the LTIP. 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

Exercise price of 0.2p

30,969

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

e)

 

Date of the transaction

 

 

12 October 2018

f)

 

Place of the transaction

 

 

Off market

 

 

 

Contacts:

CVS Group plc

Simon Innes, Chief Executive

Richard Fairman, Finance Director

 

 

Tel: 01379 644 288

N+1 Singer (Nominated Adviser & Broker)

Aubrey Powell

Jennifer Boorer

Tel: 020 7496 3000

 


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