CVS Group plc Long Term Incentive Plan Awards (4206C)

TIDMCVSG

RNS Number : 4206C

CVS Group plc

19 January 2018

19 January 2018

CVS Group plc

("CVS" or the "Company")

Long Term Incentive Plan Awards

CVS, the UK's leading provider of veterinary services, announces that 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 the Directors detailed in the table below:

 
Name          Role               Number of Ordinary 
                                  Shares subject to LTIP award 
Simon Innes   Chief Executive    40,000 
Nick Perrin   Finance Director   20,800 
 

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 2017 and 30 June 2020 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       Initial Notification 
       /Amendment 
---  -------------------------  ----------------------------- 
 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             Ordinary shares of 0.2 pence 
       the financial              each 
       instrument, type 
       of instrument 
                                  GB00B2863827 
       Identification 
       code 
---  -------------------------  ----------------------------- 
 b)   Nature of the              Grant of Options under the 
       transaction                LTIP 
---  -------------------------  ----------------------------- 
 c)   Price(s) and volume(s)       Price(s)   Volume(s) 
                                   ---------  ---------- 
                                    0.2p       40,000 
                                   ---------  ---------- 
---  -------------------------  ----------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume 
 
 
       - Price 
---  -------------------------  ----------------------------- 
 e)   Date of the transaction    17 January 2018 
---  -------------------------  ----------------------------- 
 f)   Place of the transaction   Off market 
---  -------------------------  ----------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  -------------------------------------------------------- 
 a)   Name                       Nick Perrin 
---  -------------------------  ----------------------------- 
 2    Reason for the notification 
---  -------------------------------------------------------- 
 a)   Position/status            Finance Director 
---  -------------------------  ----------------------------- 
 b)   Initial notification       Initial Notification 
       /Amendment 
---  -------------------------  ----------------------------- 
 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             Ordinary shares of 0.2 pence 
       the financial              each 
       instrument, type 
       of instrument 
                                  GB00B2863827 
       Identification 
       code 
---  -------------------------  ----------------------------- 
 b)   Nature of the              Grant of Options under the 
       transaction                LTIP. 
---  -------------------------  ----------------------------- 
 c)   Price(s) and volume(s)       Price(s)   Volume(s) 
                                   ---------  ---------- 
                                    0.2p       20,800 
                                   ---------  ---------- 
---  -------------------------  ----------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume 
 
 
       - Price 
---  -------------------------  ----------------------------- 
 e)   Date of the transaction    17 January 2018 
---  -------------------------  ----------------------------- 
 f)   Place of the transaction   Off market 
---  -------------------------  ----------------------------- 
 
 
  Contacts:                         Tel: 01379 
   CVS Group plc                     644 288 
   Simon Innes, Chief Executive 
   Nick Perrin, Finance Director 
 N+1 Singer (Nominated Adviser     Tel: [phone] 
  & Broker)                         3000 
  Aubrey Powell 
  Liz Yong 
  James Hopton 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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January 19, 2018 07:30 ET (12:30 GMT)