TIDMCVSG

RNS Number : 3776K

CVS Group plc

20 December 2022

20 December 2022

CVS Group Plc

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

Exercise of Options, PDMR Dealing, EBT Share Purchase and Total Voting Rights

CVS, one of the UK's leading providers of integrated veterinary services, announces that on 19 December 2022, options over a total of 115,280 new Ordinary shares of 0.2 pence each (the "New shares") were exercised under the CVS Group 2019 Long Term Incentive Plan ("LTIP 13"), at an exercise price of 0.2 pence.

Richard Fairman, Chief Executive Officer, Ben Jacklin, Chief Operating Officer, and Robin Alfonso, Chief Financial Officer, exercised options over 46,296, 27,778 and 15,278 Ordinary shares of 0.2p each in the Company ("Ordinary shares") respectively. The balance of the options was exercised by certain other employees of the Company.

On 19 December 2022, the Company was notified by JTC Employer Solutions Trustee Limited, the trustee of the CVS Group Employee Benefit Trust (the "EBT"), that the EBT had purchased a total of 60,944 of the New shares from LTIP 13 option-holders at a volume-weighted average price of GBP20.01 per Ordinary share. This included the purchase of shares by the EBT from Richard Fairman, Ben Jacklin and Robin Alfonso to meet the costs of exercise incurred by them as PDMR option-holders, including personal taxation, as set out below:

   Name                                    Number of shares sold to EBT                    Price 

Richard Fairman 22,159 GBP20.01

Ben Jacklin 13,295 GBP20.01

Robin Alfonso 7,313 GBP20.01

The New shares purchased by the EBT are intended to be used to satisfy the exercise of share options by employees. The EBT is a discretionary trust for the benefit of the Company's employees, including the Directors of the Company. The purchase of the New shares by the EBT has been funded from the Company's existing cash reserves. Following this transaction, a total of 60,968 Ordinary shares are held by the EBT, representing approximately 0.086% of the Company's total voting rights.

Application has been made for the New shares, which rank pari passu in all respects with the Company's existing Ordinary shares, to be admitted to trading on AIM, which is expected to occur on 22 December 2022.

Following the issue of the New shares, the Company has a total issued share capital of 71,271,971 Ordinary shares each carrying one voting right. The Company holds no Ordinary shares in treasury. Therefore, following the issue of the New shares, the total number of voting rights in the Company will be 71,271,971. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Following their respective option exercises, their sales of a portion of the New shares arising and admission of the New shares, the Executive Directors hold a beneficial interest in the following Ordinary shares in the Company:

Name Number of shares Percentage interest in the Company

Richard Fairman 55,981 0.079%

Ben Jacklin 22,384 0.031%

Robin Alfonso 11,442 0.016%

The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail.

Contacts:

CVS Group plc via Camarco

Richard Fairman, CEO

Jenny Farrer, 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

Toby Strong +44 (0)7789 151 644

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                        Richard Fairman 
     --------------------------  --------------------------------------------- 
      Reason for the notification 
  2 
     ------------------------------------------------------------------------- 
 a)   Position/status             Chief Executive Officer 
     --------------------------  --------------------------------------------- 
 b)   Initial notification        Initial Notification 
       /Amendment 
     --------------------------  --------------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------- 
 a)   Name                        CVS Group plc 
     --------------------------  --------------------------------------------- 
 b)   LEI                         213800J41XDQ2NX48O05 
     --------------------------  --------------------------------------------- 
      Details of the transaction(s): section to be repeated 
  4    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          Ordinary shares of 0.2 pence each 
       financial instrument, 
       type of instrument 
                                   GB00B2863827 
       Identification code 
     --------------------------  --------------------------------------------- 
 b)   Nature of the transaction        i) Exercise of options under LTIP 
                                        13 
                                        ii) Sale of Ordinary shares arising 
                                        from exercise 
     --------------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)                        Volume(s) 
                                                i) Exercise price 
                                                 of 0.2p             46,296 
                                                                      22,159 
                                                 ii) 2,000.77p 
                                                                    ---------- 
     --------------------------  --------------------------------------------- 
 d)   Aggregated information      N/A 
 
       - Aggregated volume 
 
 
       - Price 
     --------------------------  --------------------------------------------- 
 e)   Date of the transaction     19 December 2022 
     --------------------------  --------------------------------------------- 
 f)   Place of the transaction         i) Outside a trading venue 
                                        ii) London Stock Exchange, AIM. 
     --------------------------  --------------------------------------------- 
 
 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                        Ben Jacklin 
     --------------------------  -------------------------------------------- 
      Reason for the notification 
  2 
     ------------------------------------------------------------------------ 
 a)   Position/status             Chief Operating Officer 
     --------------------------  -------------------------------------------- 
 b)   Initial notification        Initial Notification 
       /Amendment 
     --------------------------  -------------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------ 
 a)   Name                        CVS Group plc 
     --------------------------  -------------------------------------------- 
 b)   LEI                         213800J41XDQ2NX48O05 
     --------------------------  -------------------------------------------- 
      Details of the transaction(s): section to be repeated 
  4    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          Ordinary shares of 0.2 pence each 
       financial instrument, 
       type of instrument 
                                   GB00B2863827 
       Identification code 
     --------------------------  -------------------------------------------- 
 b)   Nature of the transaction        i) Exercise of options under LTIP 
                                        13 
                                        ii) Sale of Ordinary shares arising 
                                        from exercise 
     --------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)       Price(s)                        Volume(s) 
                                               i) Exercise price 
                                                of 0.2p             27,778 
                                                                     13,295 
                                                ii) 2,000.77p 
                                                                   ---------- 
     --------------------------  -------------------------------------------- 
 d)   Aggregated information      N/A 
 
       - Aggregated volume 
 
 
       - Price 
     --------------------------  -------------------------------------------- 
 e)   Date of the transaction     19 December 2022 
     --------------------------  -------------------------------------------- 
 f)   Place of the transaction         i) Outside a trading venue 
                                        ii) London Stock Exchange, AIM. 
     --------------------------  -------------------------------------------- 
 
 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                        Robin Alfonso 
     --------------------------  -------------------------------------------- 
      Reason for the notification 
  2 
     ------------------------------------------------------------------------ 
 a)   Position/status             Chief Financial Officer 
     --------------------------  -------------------------------------------- 
 b)   Initial notification        Initial Notification 
       /Amendment 
     --------------------------  -------------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------ 
 a)   Name                        CVS Group plc 
     --------------------------  -------------------------------------------- 
 b)   LEI                         213800J41XDQ2NX48O05 
     --------------------------  -------------------------------------------- 
      Details of the transaction(s): section to be repeated 
  4    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          Ordinary shares of 0.2 pence each 
       financial instrument, 
       type of instrument 
                                   GB00B2863827 
       Identification code 
     --------------------------  -------------------------------------------- 
 b)   Nature of the transaction        i) Exercise of options under LTIP 
                                        13 
                                        ii) Sale of Ordinary shares arising 
                                        from exercise 
     --------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)       Price(s)                        Volume(s) 
                                               i) Exercise price 
                                                of 0.2p             15,278 
                                                                     7,313 
                                                ii) 2,000.77p 
                                                                   ---------- 
     --------------------------  -------------------------------------------- 
 d)   Aggregated information      N/A 
 
       - Aggregated volume 
 
 
       - Price 
     --------------------------  -------------------------------------------- 
 e)   Date of the transaction     19 December 2022 
     --------------------------  -------------------------------------------- 
 f)   Place of the transaction         i) Outside a trading venue 
                                        ii) London Stock Exchange, AIM. 
     --------------------------  -------------------------------------------- 
 

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