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ANCR Animalcare Group Plc

217.00
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Animalcare Group Plc LSE:ANCR London Ordinary Share GB0032350695 ORD 20P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 217.00 214.00 220.00 217.00 217.00 217.00 2,200 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Veterinary Service-livestock 71.62M 1.97M 0.0327 66.36 130.41M

Animalcare Group PLC Grant of options (6501F)

18/11/2020 7:00am

UK Regulatory


Animalcare (LSE:ANCR)
Historical Stock Chart


From Apr 2019 to Apr 2024

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TIDMANCR

RNS Number : 6501F

Animalcare Group PLC

18 November 2020

ANIMALCARE GROUP PLC

(the "Company")

Grant of options

18 November 2020. Animalcare Group plc (AIM: ANCR), the international animal health business, announces that, on 17 November 2020, nil-cost options over a total of 377,120 ordinary shares with a nominal value of 20p per share ("the Options") were awarded to the Executive Directors and PDMRs of the Company and to members of the Leadership Team pursuant to the Company's Long Term Incentive Plan.

The awards will normally vest on 31 December 2023 subject to the following performance criteria being met over the three-year financial period ending 31 December 2023. The performance criteria which are based on Earnings Per Share (EPS) growth per annum and Total Shareholder Return (TSR) are as follows:

 
 Earnings Per Share growth   Extent to which EPS tranche will 
  per annum                   vest 
 Less than 3%                0% 
                            ----------------------------------- 
 3%                          25% 
                            ----------------------------------- 
 8%                          100% 
                            ----------------------------------- 
 Between 3% and 8%           Between 25% and 100% on a straight 
                              line basis 
                            ----------------------------------- 
 
 
 Rank of the Company's TSR            Extent to which the TSR tranche 
  compared to the Comparator           will vest 
  Group 
 Upper quartile or above              100% 
                                     --------------------------------- 
 Between median and upper quartile    Pro rata between 25% and 100% on 
                                       a ranking basis 
                                     --------------------------------- 
 Median                               25% 
                                     --------------------------------- 
 Below median                         0% 
                                     --------------------------------- 
 

50% of the option award will be subject to the EPS performance condition and the remaining 50% will be subject to the TSR performance condition. Accordingly, if one of the performance conditions is met but the other is not, the Option award will only vest in part.

After the grant of the Options, the PDMRs set out below hold the following Options and ordinary shares:

 
 PDMR               Options Awarded   Total Options   Ordinary Shares 
 Jennifer Winter    165,761           343,331         0 
                   ----------------  --------------  ---------------- 
 Chris Brewster     66,848            143,484         280,513 
                   ----------------  --------------  ---------------- 
 

Options over a further 144,511 ordinary shares were granted to other members of the Leadership Team.

The notification in respect of the Option Awards set out in the Annex below was made subject to the requirements of Article 19 of the Market Abuse Regulation:

ANNEX

 
  1   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                       Jennifer Winter, Chief Executive Officer 
     -------------------------  ---------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status            See 1(a) above - Ms Winter is classified 
                                  as a PDMR of the Company 
     -------------------------  ---------------------------------------------- 
 b)   Initial notification       Initial Notification 
       /Amendment 
     -------------------------  ---------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------- 
 a)   Name                       Animalcare Group plc 
     -------------------------  ---------------------------------------------- 
 b)   LEI                         213800A7XPQ528RMCC72 
     -------------------------  ---------------------------------------------- 
 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             Options in respect of the Long Term Incentive 
       the financial              Plan ("LTIP") over ordinary shares of 20p 
       instrument, type           each 
       of instrument 
     -------------------------  ---------------------------------------------- 
 b)   Identification              GB0032350695 
       code 
     -------------------------  ---------------------------------------------- 
 c)   Nature of the              Issue of options 
       transaction(s) 
     -------------------------  ---------------------------------------------- 
 d)   Price(s) and volume(s)     Volume(s): 
                                  Nil cost options over 165,761 shares 
                                  Price: 
                                  GBPNil 
     -------------------------  ---------------------------------------------- 
 e)   Aggregated information      N/A 
       - Aggregated volume 
       - Price 
     -------------------------  ---------------------------------------------- 
 f)   Date of the transaction    17 November 2020 
     -------------------------  ---------------------------------------------- 
 g)   Place of the transaction   Outside a trading venue 
     -------------------------  ---------------------------------------------- 
 
 
  1   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                       Chris Brewster, Chief Financial Officer 
     -------------------------  ---------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status            See 1(a) above - Mr Brewster is classified 
                                  as a PDMR of the Company 
     -------------------------  ---------------------------------------------- 
 b)   Initial notification       Initial Notification 
       /Amendment 
     -------------------------  ---------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------- 
 a)   Name                       Animalcare Group plc 
     -------------------------  ---------------------------------------------- 
 b)   LEI                         213800A7XPQ528RMCC72 
     -------------------------  ---------------------------------------------- 
 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             Options in respect of the Long Term Incentive 
       the financial              Plan ("LTIP") over ordinary shares of 20p 
       instrument, type           each 
       of instrument 
     -------------------------  ---------------------------------------------- 
 b)   Identification              GB0032350695 
       code 
     -------------------------  ---------------------------------------------- 
 c)   Nature of the              Issue of options 
       transaction(s) 
     -------------------------  ---------------------------------------------- 
 d)   Price(s) and volume(s)     Volume(s): 
                                  Nil cost options over 66,848 shares 
                                  Price: 
                                  GBPNil 
     -------------------------  ---------------------------------------------- 
 e)   Aggregated information      N/A 
       - Aggregated volume 
       - Price 
     -------------------------  ---------------------------------------------- 
 f)   Date of the transaction    17 November 2020 
     -------------------------  ---------------------------------------------- 
 g)   Place of the transaction   Outside a trading venue 
     -------------------------  ---------------------------------------------- 
 
 
Animalcare Group plc                     Tel: +44 (0)1904 487 687 
Chris Brewster, Chief Financial Officer 
Media relations                          communications@animalcaregroup.com 
 
 
Panmure Gordon - Nominated Adviser  Tel: +44 (0)20 7886 2500 
 and Broker 
Corporate Finance 
Freddy Crossley / Emma Earl 
Corporate Broking 
 Rupert Dearden 
 

About Animalcare www.animalcaregroup.com

Animalcare Group plc is a UK AIM-listed international veterinary sales and marketing organisation. Animalcare operates in seven countries and exports to approximately 32 countries in Europe and a further 16 worldwide. The Group is focused on bringing new and innovative products to market through its own development pipeline, partnerships and via acquisition.

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END

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(END) Dow Jones Newswires

November 18, 2020 02:00 ET (07:00 GMT)

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