TIDMCVSG
RNS Number : 4555P
CVS Group plc
09 October 2023
Immediate release
9 October 2023
CVS Group Plc
("CVS", the "Company" or the "Group")
Exercise of Options, PDMR Dealing, EBT Share Purchase and Total
Voting Rights
CVS, the UK listed veterinary group and a leading provider of
veterinary services, announces that on 6 October 2023, options over
a total of 107,903 new Ordinary shares of 0.2 pence each (the "New
shares") were exercised under the CVS Group 2020 Long Term
Incentive Plan ("LTIP 14"), at an exercise price of 0.2 pence.
Richard Fairman, Chief Executive Officer, Ben Jacklin, Deputy
CEO, and Robin Alfonso, Chief Financial Officer, exercised options
over 41,030, 24,618 and 13,540 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 6 October 2023, 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
56,896 of the New shares from LTIP 14 option-holders at a
volume-weighted average price of GBP16.17 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 19,510 GBP16.17
Ben Jacklin 11,706 GBP16.17
Robin Alfonso 6,439 GBP16.17
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 57,280 Ordinary
shares are held by the EBT, representing approximately 0.08% of the
Company's total voting rights.
Admission of the New shares, which rank pari passu in all
respects with the Company's existing Ordinary shares, has been
satisfied by the Company's block listing admitted to the London
Stock Exchange on 15 May 2023.
Following the issue of the New shares, the Company has a total
issued share capital of 71,537,662 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 71,537,662. 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, together with their respective spouses,
hold a beneficial interest in the following Ordinary shares in the
Company:
Name Number of shares Percentage interest in the Company
Richard Fairman 77,501 0.108%
Ben Jacklin 36,714 0.051%
Robin Alfonso 19,252 0.027%
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
Scott Morrison, 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 / James Thompson / 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
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
14
ii) Sale of Ordinary shares arising
from exercise
-------------------------- ---------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
i) Exercise price
of 0.2p 41,030
19,510
ii) 1616.5321p
----------
-------------------------- ---------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ---------------------------------------------
e) Date of the transaction 6 October 2023
-------------------------- ---------------------------------------------
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 Deputy CEO
-------------------------- --------------------------------------------
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
14
ii) Sale of Ordinary shares arising
from exercise
-------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
i) Exercise price
of 0.2p 24,618
11,706
ii) 1616.5321p
----------
-------------------------- --------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- --------------------------------------------
e) Date of the transaction 6 October 2023
-------------------------- --------------------------------------------
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
14
ii) Sale of Ordinary shares arising
from exercise
-------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
i) Exercise price
of 0.2p 13,540
6,439
ii) 1616.5321p
----------
-------------------------- --------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- --------------------------------------------
e) Date of the transaction 6 October 2023
-------------------------- --------------------------------------------
f) Place of the transaction i) Outside a trading venue
ii) London Stock Exchange, AIM.
-------------------------- --------------------------------------------
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END
MSCEADENESLDFFA
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October 09, 2023 09:58 ET (13:58 GMT)
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