CVS Group plc Long Term Incentive Plan Awards - replacement (4987Z)

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RNS Number : 4987Z

CVS Group plc

10 January 2020

10 January 2020

The following amendment has been made to the 'Long Term Incentive Plan Awards' announcement released on 8 January 2020 at 15:57 under RNS No 2010Z.

The volume figure in box 4c. of the PDMR disclosure table is amended to 463 Ordinary Shares.

All other details remain unchanged. The full amended text is shown below.

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, announced on 20 December 2019 that it had 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 awards made to certain individuals have subsequently been adjusted slightly since the prior announcement, in accordance with the Group's remuneration policy. Following these adjusted awards, the resulting total number of Ordinary Shares over which options have been granted under LTIP13 is now 143,036. Vesting conditions relating to LTIP 13 are unchanged.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail with regard to the incremental award to one Director.

Contacts:

CVS Group Plc Tel: [phone]

Richard Fairman, Chief Executive

David Harris, Company Secretary

N+1 Singer (Nominated Adviser and Broker) Tel: [phone]

Aubrey Powell (Corporate Finance)

Rachel Hayes (Corporate Broking)

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                         Robin Alfonso 
     ---------------------------  -------------------------------------- 
 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 the           Ordinary shares of 0.2 pence each 
       financial instrument, 
       type of instrument 
                                    GB00B2863827 
       Identification code 
     ---------------------------  -------------------------------------- 
 b)   Nature of the transaction    Adjustment to grant of options under 
                                    LTIP 13 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)          Volume(s) 
                                      Exercise price 
                                       of 0.2p          463 
                                                       ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume 
 
 
       - Price 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      Incremental award made at 8 January 
                                    2020 
                                    Effective date of award 19 December 
                                    2019 
     ---------------------------  -------------------------------------- 
 f)   Place of the transaction     Off market 
     ---------------------------  -------------------------------------- 
 

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END

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January 10, 2020 10:46 ET (15:46 GMT)