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16 Oct 2018 12:51
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)
|
| ||||
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)
|
| ||||
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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