Long Term Incentive Plan Awards & PDMR Dealing
Updated : 13:33
CVS Group Plc
("CVS" or the "Company")
Long Term Incentive Plan Awards & PDMR Dealing
CVS, one of the UK's leading providers of integrated veterinary services for small and large animals, announces that it has concluded its annual grant of option awards over a total of 136,485 of the Company's ordinary shares of 0.2 pence each ("Ordinary Shares") under the CVS Group Long Term Incentive Plan 2020 ("LTIP 14") (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
Number of
Name Role Ordinary Shares
Richard Fairman Chief Executive Officer 41,030
Ben Jacklin Chief Operating Officer 24,618
Robin Alfonso Chief Financial Officer 13,540
The awards will vest over three years, subject to certain performance criteria, relating to earnings per share growth and total shareholder return over the three-year period between 1 July 2020 and 30 June 2023, 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 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 14 | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
| ||||
e)
| Date of the transaction
| 6 October 2020 | ||||
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 14 | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
| ||||
e)
| Date of the transaction
| 6 October 2020 | ||||
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
| Chief Financial 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 14 |
| ||||
c)
| Price(s) and volume(s)
|
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
|
| ||||
e)
| Date of the transaction
| 6 October 2020 |
| ||||
f)
| Place of the transaction | Off market |
|
Contacts:
CVS Group Plc Tel: 01379 644288
Richard Fairman, Chief Executive
Juliet Dearlove, Company Secretary
N+1 Singer (Nominated Adviser and Broker) Tel: 020 7496 3000
Aubrey Powell/ Jen Boorer / Ben Farrow (Corporate Finance)
Rachel Hayes (Corporate Broking)
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