20 Dec 2019 15:15
20 December 2019
CVS Group Plc
("CVS" or the "Company")
Long Term Incentive Plan Awards
CVS, one of the UK's leading providers of integrated veterinary services for small and large animals, announces that on 19 December 2019 it granted option awards over a total of 141,389 of the Company's ordinary shares of 0.2 pence each ("Ordinary Shares") under the CVS Group Long Term Incentive Plan 2019 ("LTIP 13") (the "Options"). The Option awards were made to certain Directors as detailed below, with the balance being issued to certain other employees.
Options awarded to Directors
Name Role Number of Ordinary Shares
Richard Fairman Chief Executive 46,296
Ben Jacklin Chief Operating Officer 27,778
Robin Alfonso Finance Director 14,815
The awards will vest in 3 years' time, subject to certain performance criteria, relating to earnings per share growth and total shareholder return over the three-year period between 1 July 2019 and 30 June 2022, being satisfied.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Richard Fairman
| ||||
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 LTIP 13 | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
| ||||
e)
| Date of the transaction
| 19 December 2019 | ||||
f)
| Place of the transaction
| Off market | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Ben Jacklin | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Operating Officer | ||||
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 LTIP 13 | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
| ||||
e)
| Date of the transaction
| 19 December 2019 | ||||
f)
| Place of the transaction
| Off market | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||||
a)
| Name
| Robin Alfonso | |||||
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 LTIP 13 |
| ||||
c)
| Price(s) and volume(s)
|
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
|
| ||||
e)
| Date of the transaction
| 19 December 2019 |
| ||||
f)
| Place of the transaction
| Off market |
| ||||
Contacts:
CVS Group Plc Tel: 01379 644288
Richard Fairman, Chief Executive
David Harris, Company Secretary
N+1 Singer (Nominated Adviser and Broker) Tel: 020 7496 3000
Aubrey Powell/ Ben Farrow (Corporate Finance)
Rachel Hayes (Corporate Broking)
CVS Group (CVSG)