LTIP Award

RNS Number : 5300K

CVS Group plc

18 July 2011

 



CVS Group plc

("CVS" or the "Company")

Long Term Incentive Plan ("LTIP") Award

The Company announces that on 15 July 2011 it made a grant of awards over the Company's ordinary shares of 0.2 pence each ("Ordinary shares") under the CVS Group LTIP to the Directors detailed in the table below:

Name	Role	No. of Ordinary Shares subject to award under the LTIP
Simon Innes	Chief Executive	333,710
Paul Coxon	Finance Director	98,416

Awards granted under the LTIP will vest in three years time but only to the extent that certain performance criteria relating to earnings per share growth are satisfied by the Company over a three year performance period between 1 July 2011 and 30 June 2014. A consideration equal to the nominal value of 0.2 pence per Ordinary Share is payable upon exercise of the award.

Contacts:

CVS Group plc Simon Innes, Chief Executive Paul Coxon, Finance Director	01379 644 288
Buchanan Communications Richard Oldworth Ben Romney	020 7466 5000
Brewin Dolphin Matt Davis	0845 213 4748

 

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