Director/PDMR Shareholding

RNS Number : 7161B

Animalcare Group PLC

10 June 2019

 

 10 June 2019

ANIMALCARE GROUP PLC

 (the "Company")

Grant of options to Persons Discharging Managerial Responsibility ("PDMRs")

Animalcare Group plc (AIM: ANCR), the pan-European Animal Health business, announces that, on 6 June 2019, nil-cost options over a total of 425,279 ordinary shares with a nominal value of 20p per share ("the Options") were awarded to certain 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 three years after the date of grant subject to the following performance criteria being met over the three year financial period ending 31 December 2021.  The Options will vest to the extent the following performance conditions based on EPS and TSR are met:

Earnings Per Share growth	Extent to which EPS tranche will 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 compared to the Comparator Group	Extent to which the TSR tranche will vest
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 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	177,570	177,570	0
Chris Brewster	76,636	76,636	280,513

Options over a further 171,073 ordinary shares were granted to 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 /Amendment	Initial Notification
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 the financial instrument, type of instrument	Options in respect of the Long Term Incentive Plan ("LTIP") over ordinary shares of 20p each
b)	Identification code	GB0032350695
c)	Nature of the transaction(s)	Issue of options
d)	Price(s) and volume(s)	Volume(s): Nil cost options over 177,570 shares Price: £Nil
e)	Aggregated information  - Aggregated volume - Price	N/A
f)	Date of the transaction	6 June 2019
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 /Amendment	Initial Notification
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 the financial instrument, type of instrument	Options in respect of the Long Term Incentive Plan ("LTIP") over ordinary shares of 20p each
b)	Identification code	GB0032350695
c)	Nature of the transaction(s)	Issue of options
d)	Price(s) and volume(s)	Volume(s): Nil cost options over 76,636 shares Price: £Nil
e)	Aggregated information  - Aggregated volume - Price	N/A
f)	Date of the transaction	6 June 2019
g)	Place of the transaction	Outside a trading venue

Animalcare Group plc	Tel: [phone]
Chris Brewster, Chief Financial Officer and Company Secretary

Panmure Gordon - Nominated Adviser and Broker	Tel: [phone]
Corporate Finance
Freddy Crossley / Emma Earl
Corporate Broking
Consilium Strategic Communications	Tel: [phone]
Amber Fennell/Angela Gray/Olivia Manser [e-mail]

About Animalcare www.animalcaregroup.co.uk

Animalcare Group plc is a UK AIM listed veterinary sales and marketing organisation resulting from the merger of Animalcare and Ecuphar NV in July 2017.  Animalcare operates in 32 countries in Europe and a further 16 worldwide.  The company is focused on bringing new and innovative products to market through its own development pipeline, partnerships and via acquisition.

 

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