Long Term Incentive Plan Awards and PDMR Dealing

CVS Group plc

29 September 2023

 

For Immediate Release                                                                                                                                           29 September 2023

CVS GROUP plc

("CVS", the "Company" or the "Group")

Long Term Incentive Plan Awards and PDMR Dealing  

CVS, one of the UK's leading providers of integrated veterinary services, announces that it has granted option awards over a total of 140,647 of the Company's ordinary shares of 0.2 pence each ("Ordinary Shares") under the CVS Group Long Term Incentive Plan 2023 ("LTIP 17") (the "Options").  Certain of the Options were awarded to the Directors named below, with the balance being issued to certain other employees.

Name                                  Role                                                         Number of Options

Richard Fairman Chief Executive Officer                           34,419

Ben Jacklin                          Deputy CEO                                             23,757

Robin Alfonso                     Chief Financial Officer                            17,884

The awards will vest in three years' time, subject to performance criteria being satisfied.  These vesting criteria relate to the Company's earnings per share growth and total shareholder return over the three-year period between 1 July 2023 and 30 June 2026.

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, Company Secretary

Peel Hunt LLP (Nominated Adviser & Broker)                                                                  [phone]
Adrian Trimmings / Michael Burke / Andrew Clark / Lalit Bose

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 LTIP 17.
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price of 0.2p 34,419
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	29 September 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 LTIP 17.
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price of 0.2p 23,757
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	29 September 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 LTIP 17.
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price of 0.2p 17,884
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	29 September 2023
f)	Place of the transaction	Off market

 

END