LTIP Award

RNS Number : 0423U

CVS Group plc

07 October 2010

 



CVS Group plc

("CVS" or the "Company")

Long Term Incentive Plan ("LTIP") Award

The Company announces that on 6 October 2010 it made a grant of awards over the Company's ordinary shares of 0.2 pence each ("Ordinary shares") under the CVS Group LTIP to the Directors detailed in the table below:

Name	Role	No. of Ordinary Shares subject to award under the LTIP
Simon Innes	Chief Executive	410,448
Paul Coxon	Finance Director	144,279

Awards granted under the LTIP will vest in three years time but only to the extent that certain performance criteria relating to earnings per share growth are satisfied by the Company over a three year performance period between 1 July 2010 and 30 June 2013. A consideration equal to the nominal value of 0.2 pence per Ordinary Share is payable upon exercise of the award.

Contacts:

CVS Group plc Simon Innes, Chief Executive Paul Coxon, Finance Director	01379 644 288
Buchanan Communications Richard Oldworth Ben Romney	020 7466 5000
Brewin Dolphin Matt Davis / Richard Jones	0845 213 1000

 

END

 

 

RDSFSAFEWFSSEIS