Eco Animal Health Group PLC Deferred Option Awards to Executive Directors (6822X)

TIDMEAH

RNS Number : 6822X

Eco Animal Health Group PLC

22 December 2023

22 December 2023

ECO Animal Health Group plc

("ECO" or the "Company")

Deferred Share Option Awards to Executive Directors

ECO Animal Health Group plc announces that on 21 December 2023 deferred nominal cost share options were granted under the Company's Deferred Bonus Plan ("DBS") over 44,562 ordinary shares in the Company (representing approximately 0.07 percent of the Company's issued share capital) to two Executive Directors listed below. These awards relate to the deferral of 33% of the annual bonus for Executive Directors earned in respect of the Company's financial year ended 31 March 2023.

 
 Name                    Position           Number of Deferred 
                                               Share Options 
 David Hallas    Chief Executive Officer          26,985 
                -------------------------  ------------------- 
 Chris Wilks     Chief Financial Officer          17,577 
                -------------------------  ------------------- 
 

As indicated in the Circular to shareholders dated 4 February 2021, the DBS has been established to allow the Remuneration Committee to require a significant part of the annual bonuses paid to Executive Directors to be deferred in exchange for an award of nominal cost options which vest after 3 years.

For further information please contact:

 
 
     ECO Animal Health Group plc 
     David Hallas (CEO)                           020 8447 
     Christopher Wilks (CFO)                      8899 
    Singer Capital Markets (Nominated Adviser 
     & Joint Broker) 
     Phil Davies                                 020 7496 
     Sam Butcher                                  3000 
    Investec (Joint Broker) 
     Gary Clarence 
     Lydia Zychowska                             020 7597 
     Carlo Spingardi                              5970 
    Equity Developments 
     Hannah Crowe                                020 7065 
     Matt Evans                                   2692 
 
 

About ECO Animal Health

ECO Animal Health Group plc researches, develops and commercialises products for livestock. Our business strategy is to generate shareholder value by achieving the maximum sales potential from the existing product portfolio whilst investing in Research and Development ("R&D") for new products, particularly vaccines, and seeking to in-license new products.

PDMR Notification - ECO DBS Deferred Share Option Awards

 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a.   Name                          1. David Hallas 
                                     2. Chris Wilks 
     =======================  ================================================== 
 2.   Reason for the notification 
     =========================================================================== 
 a.   Position/status               1. Chief Executive Officer 
                                     2. Chief Financial Officer 
     =======================  ================================================== 
 b.   Initial notification     Initial notification 
       /Amendment 
     =======================  ================================================== 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     =========================================================================== 
 a.   Name                     Eco Animal Health Group Plc 
     =======================  ================================================== 
 b.   LEI                      2138009XN9DJ3YP70B55 
     =======================  ================================================== 
 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              Options over ordinary shares of 5p each. 
       of the 
       Financial instrument,    GB0032036807 
       type of instrument 
       Identification 
       code 
     =======================  ================================================== 
 b.   Nature of the            Award of nominal cost share options under 
       transaction              the Company's DBS. 
     =======================  ================================================== 
 c.   Price(s) and             Numbers 1 to 7 in the left-hand column correspond 
       volume(s)                to the relevant PDMR as detailed in boxes 
                                1a and 2a above. 
                                 Price(s)   Volume(s) 
                                 1. 5p      26,985 
                                           ---------- 
                                 2. 5p      17,577 
                                           ---------- 
     =======================  ================================================== 
 d.        Aggregated 
            information 
            Aggregated                      n/a 
            volume 
            Price 
     =======================  ================================================== 
 e.   Date of the              21 December 2023 
       transaction 
     =======================  ================================================== 
 f.   Place of the             Outside a trading venue. 
       transaction 
     =======================  ================================================== 
 

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December 22, 2023 02:00 ET (07:00 GMT)