ShareSave Scheme

RNS Number : 3724C

CVS Group plc

01 September 2008

 



For immediate release

1 September 2008

CVS Group PLC ('CVS' or 'the Company')

ShareSave Scheme

CVS is pleased to announce the launch of a Save As You Earn scheme ('SAYE Scheme' or 'the Scheme') for its employees. 18 per cent. of the Company's employees have applied to participate in the Scheme, which commences on 1 September 2008. 

The Scheme grants to its participants options over ordinary shares at 209.6 pence each which, if exercised in full, would result in the issue of up to 376,066 ordinary shares when the Scheme terminates on 31 August 2011. This would represent approximately 0.7 per cent. of the currently issued share capital of the Company.

The following Directors have taken up the offer under the SAYE Scheme:

Director	Maximum number of shares under SAYE Scheme
Simon Innes	4,485
Paul Coxon	4,485
Mark Finn	4,485

 

Contacts: 

CVS Group plc	01379 644 288
Simon Innes, Chief Executive
Paul Coxon, Finance Director
Buchanan Communications	020 7466 5000
Richard Oldworth, Suzanne Brocks
Panmure Gordon	020 7459 3600
Richard Gray, Andrew Godber, Chris Bucknall

 

END

 

 

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