Purchase of Shares by Employee Benefit Trust

RNS Number : 0584Y

CVS Group plc

28 February 2017

 

28 February 2017

CVS Group plc

("CVS" or the "Company")

Purchase of Shares by Employee Benefit Trust

CVS, one of the UK's leading providers of integrated veterinary services for small and large animals, announces that the Company's Employee Benefit Trust ("EBT") has purchased a total of 195,000 ordinary shares of 0.2p each in the Company ("Ordinary Shares") (the "Purchase").

The EBT is a discretionary trust for the benefit of employees of the Company and its subsidiaries. The Purchase by the EBT, which was funded by a loan from the Company, has reduced the potential requirement for the Company to issue new Ordinary Shares to satisfy shares due to employees under the Company's annual SAYE schemes. The EBT now holds 195,000 Ordinary Shares representing 0.31% of the issued ordinary share capital of the Company.

Contacts:

CVS Group plc Simon Innes, Chief Executive Nick Perrin, Finance Director	Tel: [phone]
N+1 Singer (Nominated Adviser & Broker) Aubrey Powell Liz Yong James Hopton	Tel: [phone]

 

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