Grant of options

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 per annum	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 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 /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 165,761 shares Price: £Nil
e)	Aggregated information  - Aggregated volume - Price	N/A
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 /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 66,848 shares Price: £Nil
e)	Aggregated information  - Aggregated volume - Price	N/A
f)	Date of the transaction	17 November 2020
g)	Place of the transaction	Outside a trading venue

Animalcare Group plc	Tel: [phone]
Chris Brewster, Chief Financial Officer
Media relations	[e-mail]

Panmure Gordon - Nominated Adviser and Broker	Tel: [phone]
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.

 

END

 

 

DSHDBBDBCXBDGGR