Animalcare Group plc
(The "Company" or the "Group")
Grant of options
8 November 2021. Animalcare Group plc (AIM: ANCR), the international animal health business, announces that, on 5 November 2021, nil-cost options over a total of 264,981 ordinary shares with a nominal value of 20p per share ("the Options") were awarded to
the Executive Directors and PDMRs of the Company and to members of the Senior Executive
Team pursuant to the Company's Long Term Incentive Plan.
The awards will normally vest on 31 December 2024 following the assessment of performance criteria based on Earnings Per Share (EPS) growth per annum and Total Shareholder Return (TSR) over a three-year financial period ending 31 December 2024 and are as follows:
| Earnings Per Share growth per annum | Extent to which EPS tranche will vest |
| Less than 3% | 0% |
| 3% | 25% |
| 10% | 100% |
| Between 3% and 10% | Between 25% and 100% on a straight line basis |
| Rank of the Company's TSR compared to the Comparator Group | Extent to which the TSR tranche will vest |
| Upper quartile or above | 100% |
| Between median and upper quartile | Pro rata between 25% and 100% on a ranking basis |
| Median | 25% |
| Below median | 0% |
50% of the option award will be subject to the EPS performance condition and the remaining 50%
will be subject to the TSR performance condition. Accordingly, if one of the performance conditions
is met but the other is not, the Option award will only vest in part.
After the grant of the Options, the PDMRs set out below hold the following Options and ordinary shares:
| PDMR | Options Awarded | Total Options | Ordinary Shares |
| Jennifer Winter | 106,844
| 450,175
| 0 |
| Chris Brewster | 43,806
| 187,290
| 280,513 |
Options over a further 114,331 ordinary shares were granted to other members of the Senior Executive Team.
The notification in respect of the Option Awards set out in the Annex below was made subject to the requirements of Article 19 of the Market Abuse Regulation:
ANNEX
|
1 |
Details of the person discharging managerial responsibilities / person closely associated | |
|
a) |
Name |
Jennifer Winter, Chief Executive Officer |
|
2 |
Reason for the notification | |
|
a) |
Position/status |
See 1(a) above - Ms Winter is classified as a PDMR of the Company |
|
b) |
Initial notification /Amendment |
Initial Notification |
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
|
a) |
Name |
Animalcare Group plc |
|
b) |
LEI |
213800A7XPQ528RMCC72 |
|
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 |
Options in respect of the Long Term Incentive Plan ("LTIP") over ordinary shares of 20p each |
|
b) |
Identification code |
GB0032350695 |
|
c) |
Nature of the transaction(s) | Award of options |
|
d) |
Price(s) and volume(s) |
Volume(s):
Nil cost options over 106,844 shares Price: £Nil |
|
e) |
Aggregated information
- Aggregated volume
- Price |
N/A |
|
f) |
Date of the transaction |
5 November 2021 |
|
g) |
Place of the transaction |
Outside a trading venue |
|
1 |
Details of the person discharging managerial responsibilities / person closely associated | |
|
a) |
Name |
Chris Brewster, Chief Financial Officer |
|
2 |
Reason for the notification | |
|
a) |
Position/status |
See 1(a) above - Mr Brewster is classified as a PDMR of the Company |
|
b) |
Initial notification /Amendment |
Initial Notification |
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
|
a) |
Name |
Animalcare Group plc |
|
b) |
LEI |
213800A7XPQ528RMCC72 |
|
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 |
Options in respect of the Long Term Incentive Plan ("LTIP") over ordinary shares of 20p each |
|
b) |
Identification code |
GB0032350695 |
|
c) |
Nature of the transaction(s) | Award of options |
|
d) |
Price(s) and volume(s) |
Volume(s):
Nil cost options over 43,806 shares Price: £Nil |
|
e) |
Aggregated information
- Aggregated volume
- Price |
N/A |
|
f) |
Date of the transaction |
5 November 2021 |
|
g) |
Place of the transaction |
Outside a trading venue |
For more information about Animalcare, please visit www.animalcaregroup.com or contact:
| Animalcare Group plc Jenny Winter, Chief Executive Officer Chris Brewster, Chief Financial Officer Media relations
| +44 (0)1904 487 687
communications@animalcaregroup.com
|
| Stifel Nicolaus Europe Limited Ben Maddison Fred Walsh Nick Adams
| +44 (0)20 7710 7600 |
| Panmure Gordon (Joint Broker) Corporate Finance Freddy Crossley/Emma Earl Corporate Broking Rupert Dearden
| +44 (0)20 7886 2500 |
About Animalcare
Animalcare Group plc is a UK AIM-listed international veterinary sales and marketing organisation. Animalcare operates in seven countries - Spain, Portugal, Italy, UK, Germany, Belgium and Netherlands - and exports to approximately 40 countries in Europe and worldwide. The Group is focused on bringing new and innovative products to market through its own development pipeline, partnerships and via acquisition.
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