ShareSave Scheme

RNS Number : 9149S

CVS Group plc

29 November 2011

 



For immediate release                                                                                     29 November 2011

CVS Group PLC

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. 6 per cent. of the Company's employees have applied to participate in the Scheme, which will commence on 1 January 2012.

The Scheme grants to its participants options over ordinary shares at 95.432 pence each which, if exercised in full, would result in the issue of up to 401,315 ordinary shares when the scheme terminates on 1 January 2015. Application for admission to trading on AIM will be made at that time. This would represent approximately 0.7 per cent. of the current issued share capital of the Company.

The following Director has taken up the offer under the SAYE Scheme:

Director	Maximum number of shares under SAYE Scheme
Simon Innes	9,430

Contacts:

CVS Group plc

Simon Innes, Chief Executive

Paul Coxon, Finance Director

01379 644 288

Buchanan Communications

Richard Oldworth

Suzanne Brocks

020 7466 5000

Brewin Dolphin

Matt Davis / Alex Wright

020 7246 1000

 

END

 

 

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