ANIMALCARE GROUP PLC
(the "Company" or the "Group")
Grant of options and PDMR Dealing
29 April 2022. Animalcare Group plc (AIM: ANCR), the international animal health business, announces that, on 28 April 2022, nil-cost options over a total of 302,037 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 vest on 1 July 2025 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 30 June 2025 which 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 as per the above.
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 | 130,620 | 580,795
| 7,000 |
| Chris Brewster | 53,488 | 240,778
| 280,513 |
Options over a further 117,929 ordinary shares were granted to other members of the Senior Executive Team and Leadership 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 |
Ani malcare 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 130,620 shares Price: £Nil |
|
e) |
Aggregated information
- Aggregated volume
- Price |
N/A |
|
f) |
Date of the transaction |
28 April 2022 |
|
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 53,488 shares Price: £Nil |
|
e) |
Aggregated information
- Aggregated volume
- Price |
N/A |
|
f) |
Date of the transaction |
28 April 2022 |
|
g) |
Place of the transaction |
Outside a trading venue |
Enquiries:
| Animalcare Group plc |
|
| Chris Brewster, Chief Financial Officer and | +44 (0)1904 487 687 communications@animalcaregroup.com |
|
Stifel Nicolaus Europe Limited (Nominated Adviser & Joint Broker) |
+44 (0)20 7710 7600 |
| Ben Maddison Nicholas Harland Nick Adams |
|
|
Panmure Gordon (Joint Broker) |
+44 (0)20 7886 2500 |
| Corporate Finance: Freddy Crossley/Emma Earl Corporate Broking: Rupert Dearden
|
|
About Animalcare
Animalcare Group plc is a UK AIM-listed international development-focused veterinary sales and marketing organisation. Animalcare operates in seven countries 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.
For more information about Animalcare, please visit www.animalcaregroup.com
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