7 Oct 2010 13:59
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 |
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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 |
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| Buchanan Communications Richard Oldworth Ben Romney
| 020 7466 5000 |
| Brewin Dolphin Matt Davis / Richard Jones
| 0845 213 1000 |
CVS Group (CVSG)