Last checked at 18 Nov 2020 07:00
ANIMALCARE GROUP PLC
(the "Company")
Grant of options
18 November 2020. Animalcare Group plc (AIM: ANCR), the international animal health business, announces that, on 17 November 2020, nil-cost options over a total of 377,120 ordinary shares with a nominal value of 20p per share ("the Options") were awarded to the Executive Directors and PDMRs of the Company and to members of the Leadership Team pursuant to the Company's Long Term Incentive Plan.
The awards will normally vest on 31 December 2023 subject to the following performance criteria being met over the three-year financial period ending 31 December 2023. The performance criteria which are based on Earnings Per Share (EPS) growth per annum and Total Shareholder Return (TSR) are as follows:
Earnings Per Share growth per annum | Extent to which EPS tranche will vest |
Less than 3% | 0% |
3% | 25% |
8% | 100% |
Between 3% and 8% | Between 25% and 100% on a straight line basis |
Rank of the Company's TSR compared to the Comparator Group | Extent to which the TSR tranche will vest |
Upper quartile or above | 100% |
Between median and upper quartile | Pro rata between 25% and 100% on a ranking basis |
Median | 25% |
Below median | 0% |
50% of the option award will be subject to the EPS performance condition and the remaining 50% will be subject to the TSR performance condition. Accordingly, if one of the performance conditions is met but the other is not, the Option award will only vest in part.
After the grant of the Options, the PDMRs set out below hold the following Options and ordinary shares:
PDMR | Options Awarded | Total Options | Ordinary Shares |
Jennifer Winter | 165,761
| 343,331
| 0 |
Chris Brewster | 66,848
| 143,484 | 280,513 |
Options over a further 144,511 ordinary shares were granted to other members of the Leadership Team.
The notification in respect of the Option Awards set out in the Annex below was made subject to the requirements of Article 19 of the Market Abuse Regulation:
ANNEX
1
| Details of the person discharging managerial responsibilities / person closely associated | |
a)
| Name | Jennifer Winter, Chief Executive Officer |
2
| Reason for the notification | |
a)
| Position/status
| See 1(a) above - Ms Winter is classified as a PDMR of the Company |
b)
| Initial notification /Amendment
| Initial Notification |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a)
| Name
| Animalcare Group plc |
b) | LEI |
213800A7XPQ528RMCC72 |
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
| Options in respect of the Long Term Incentive Plan ("LTIP") over ordinary shares of 20p each |
b) | Identification code
| GB0032350695 |
c)
| Nature of the transaction(s)
| Issue of options |
d)
| Price(s) and volume(s) | Volume(s): Nil cost options over 165,761 shares Price: £Nil |
e)
| Aggregated information - Aggregated volume - Price | N/A
|
f)
| Date of the transaction | 17 November 2020 |
g)
| Place of the transaction | Outside a trading venue |
1
| Details of the person discharging managerial responsibilities / person closely associated | |
a)
| Name | Chris Brewster, Chief Financial Officer |
2
| Reason for the notification | |
a)
| Position/status
| See 1(a) above - Mr Brewster is classified as a PDMR of the Company |
b)
| Initial notification /Amendment
| Initial Notification |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a)
| Name
| Animalcare Group plc |
b) | LEI |
213800A7XPQ528RMCC72 |
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
| Options in respect of the Long Term Incentive Plan ("LTIP") over ordinary shares of 20p each |
b) | Identification code
| GB0032350695 |
c)
| Nature of the transaction(s)
| Issue of options |
d)
| Price(s) and volume(s) | Volume(s): Nil cost options over 66,848 shares Price: £Nil |
e)
| Aggregated information - Aggregated volume - Price | N/A
|
f)
| Date of the transaction | 17 November 2020 |
g)
| Place of the transaction | Outside a trading venue |
Animalcare Group plc | Tel: +44 (0)1904 487 687 |
Chris Brewster, Chief Financial Officer |
|
Media relations | communications@animalcaregroup.com |
Panmure Gordon - Nominated Adviser and Broker | Tel: +44 (0)20 7886 2500 |
Corporate Finance |
|
Freddy Crossley / Emma Earl |
|
Corporate Broking Rupert Dearden
|
|
About Animalcare www.animalcaregroup.com
Animalcare Group plc is a UK AIM-listed international veterinary sales and marketing organisation. Animalcare operates in seven countries and exports to approximately 32 countries in Europe and a further 16 worldwide. The Group is focused on bringing new and innovative products to market through its own development pipeline, partnerships and via acquisition.