TIDMPVG

RNS Number : 7952Y

Premier Veterinary Group PLC

07 March 2017

PREMIER VETERINARY GROUP PLC

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS

DISCHARGING MANAGERIAL RESPONSIBILITIES

London, UK, 7 March 2017 (LSE: PVG): Premier Veterinary Group plc (the "Company") announces that on 3 March 2017 it granted 40,000 options over its ordinary shares of 10 pence each to Will Evans, Chief Financial Officer and a Director of the Company, under the Company's Enterprise Management Incentive Share Option Plan, with an exercise price of 238.75 pence per share. Following this grant, Will Evans holds 40,000 options.

The options will become exercisable on the third anniversary of the date of grant and remain exercisable up to and including the tenth anniversary of the date of grant, to the extent that the performance targets applicable to the options have been met. As disclosed in the Company's annual report and accounts for the year ended 30 September 2016, the performance targets are based on the growth in the number of pets on the Company's preventative healthcare programme for pets (Premier Pet Care Plan) to a pre-determined level, and the Company's share price increasing to at least twice the share price at the date of grant.

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

 
 1    Details of the person discharging managerial 
       responsibilities/person closely associated 
---  ------------------------------------------------------------- 
 a)   Name                      WILLIAM EDWARD FRANK EVANS 
---  ------------------------  ----------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------- 
 a)   Position/status           Chief Financial Officer/Executive 
                                 Director 
---  ------------------------  ----------------------------------- 
 b)   Initial notification/     Initial notification 
       Amendment 
---  ------------------------  ----------------------------------- 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  ------------------------------------------------------------- 
 a)   Name                      Premier Veterinary Group plc 
---  ------------------------  ----------------------------------- 
 b)   LEI                        2138009B5L8VQUZ9A719 
---  ------------------------  ----------------------------------- 
 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            Ordinary Shares of GBP0.10 each 
       the financial 
       instrument, type 
       of instrument 
                                 ISIN: GB00BSZLMS59 
       Identification 
       code 
---  ------------------------  ----------------------------------- 
 b)   Nature of the             Grant of options to acquire shares 
       transaction 
---  ------------------------  ----------------------------------- 
 c)   Price(s) and              40,000 options to acquire ordinary 
       volume(s)                 shares at an exercise price of 
                                 238.75 pence per share 
---  ------------------------  ----------------------------------- 
 d)   Aggregated information    N/A 
 
       - Aggregated 
       volume 
       - Price 
---  ------------------------  ----------------------------------- 
 e)   Date of the transaction   3 March 2017 
---  ------------------------  ----------------------------------- 
 f)   Place of the              Outside a trading venue 
       transaction 
---  ------------------------  -----------------------------------

For further information, please contact:

   Premier Veterinary Group plc                                     Tel:  +44(0)117 970 4127

Dominic Tonner, Chief Executive Officer

Will Evans, Chief Financial Officer

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

March 07, 2017 12:27 ET (17:27 GMT)

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