Grant of Options under CVS Group plc

CVS Group plc

24 November 2023

 

24 November 2023

CVS Group plc

("CVS" or the "Company")

Grant of Options under CVS Group plc SAYE Option Scheme & PDMR Dealing

CVS Group plc (the "Company") announces that as part of its 2023/2024 Save As You Earn share scheme (the "SAYE Scheme"), which is open to all employees of the Group, the Executive Directors and the person closely associated (PCA) named below have elected to participate in the SAYE Scheme and have been granted SAYE Scheme options as follows:

Richard Fairman                                                      550 SAYE scheme options

Robin Alfonso                                                          550 SAYE scheme options

Ben Jacklin                                                               517 SAYE scheme options

Katherine Jacklin (PCA to Ben Jacklin)  550 SAYE scheme options

Eligible employees were invited to subscribe for options over the Company's ordinary shares of 0.2 pence each ("Ordinary Shares") with an exercise price of 1,146 pence per share, representing a 20% discount to the average closing middle market price for the three dealing days prior to 1 November 2023, being the invitation date.

In response to accepted invitations, a total of 558,994 SAYE Scheme options over Ordinary Shares were granted on 24 November 2023, equating to 0.79% of the current issued ordinary share capital.  Subject to the rules of the SAYE Scheme, these options will be capable of exercise from the maturity date on 1 January 2027.  

The notification below, made in accordance with the requirements of UK MAR, provides further detail.

Contacts:

CVS Group plc                                                                                                    via Camarco

Richard Fairman, CEO

Scott Morrison Group Company Secretary

Peel Hunt LLP (Nominated Adviser & Broker)                                                 [phone]

Adrian Trimmings / Michael Burke / Andrew Clark / Lalit Bose

Berenberg (Joint Broker)                                                                                   [phone]

Toby Flaux / Ben Wright / Ciaran Walsh / Milo Bonser

Camarco (Financial PR)                                                                                             

Geoffrey Pelham-Lane                                                                                         [phone]

Ginny Pulbrook                                                                                                     [phone]

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Richard Fairman
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	CVS Group plc
b)	LEI	213800J41XDQ2NX48O05
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 Identification code	Options over Ordinary shares of 0.2 pence each GB00B2863827
b)	Nature of the transaction	Grant of Options under the SAYE Scheme.
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price of 1,146p 550
d)	Aggregated information - Aggregated volume - Price
e)	Date of the transaction	24 November 2023
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Robin Alfonso
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	CVS Group plc
b)	LEI	213800J41XDQ2NX48O05
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 Identification code	Options over Ordinary shares of 0.2 pence each GB00B2863827
b)	Nature of the transaction	Grant of Options under the SAYE Scheme.
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price of 1,146p 550
d)	Aggregated information - Aggregated volume - Price
e)	Date of the transaction	24 November 2023
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ben Jacklin
2	Reason for the notification
a)	Position/status	Deputy CEO
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	CVS Group plc
b)	LEI	213800J41XDQ2NX48O05
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 Identification code	Options over Ordinary shares of 0.2 pence each GB00B2863827
b)	Nature of the transaction	Grant of Options under the SAYE Scheme.
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price of 1,146p 517
d)	Aggregated information - Aggregated volume - Price
e)	Date of the transaction	24 November 2023
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Katherine Jacklin
2	Reason for the notification
a)	Position/status	PCA to Deputy CEO Ben Jacklin
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	CVS Group plc
b)	LEI	213800J41XDQ2NX48O05
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 Identification code	Options over Ordinary shares of 0.2 pence each GB00B2863827
b)	Nature of the transaction	Grant of Options under the SAYE Scheme.
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price of 1,146p 550
d)	Aggregated information - Aggregated volume - Price
e)	Date of the transaction	24 November 2023
f)	Place of the transaction	Off market

 

END