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) +44 (0)20 7418 8900
Adrian Trimmings / Michael Burke / Andrew Clark / Lalit Bose
Berenberg (Joint Broker) +44 (0)20 3207 7800
Toby Flaux / Ben Wright / Ciaran Walsh / Milo Bonser
Camarco (Financial PR)
Geoffrey Pelham-Lane +44 (0)7733 124 226
Ginny Pulbrook +44 (0)7961 315 138
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) |
| ||||
| 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) |
| ||||
| 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) |
| ||||
| 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) |
| ||||
| d) | Aggregated information
- Aggregated volume
- Price | | ||||
| e) | Date of the transaction | 24 November 2023 | ||||
| f) | Place of the transaction | Off market | ||||
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