CVS Group plc Replacement of Director/PDMR Shareholding (8382Y)
January 05 2024 - 9:44AM
UK Regulatory
TIDMCVSG
RNS Number : 8382Y
CVS Group plc
05 January 2024
5 January 2024
CVS Group Plc
("CVS" or the "Company")
Correction of Exercise of Options, PDMR Dealing
and Total Voting Rights
CVS, one of the UK's leading providers of integrated veterinary
services, corrects its previous announcement and confirms that on 4
January 2024, options over a total of 148,032 ordinary shares of
0.2 pence each (the "Ordinary Shares") were exercised under the CVS
Group 2020 SAYE Plan (2020/2024) and 6,733 Ordinary Shares under
the CVS Group Long Term Incentive Plan 2020 ("LTIP 14") .
The sum of 148,032 new Ordinary Shares were issued to satisfy
the balance of Ordinary Shares arising from the SAYE Exercise at an
exercise price of GBP10.09. Admission of the 148,032 new Ordinary
Shares has been satisfied by the Company's block listing admitted
to the London Stock Exchange on 30 December 2021.
Robin Alfonso, Chief Financial Officer exercised options over
606 Ordinary Shares in the Company under the SAYE plan. The balance
of the options were exercised by certain other employees and former
employees of the Company.
Robin Alfonso additionally exercised options over 6,733 Ordinary
Shares under the LTIP 14 scheme. The issuance of shares in
connection with the LTIP 14 exercise was fully satisfied by 6,733
Ordinary Shares held by the CVS Group Employee Benefit Trust (the
"EBT").
On 4 January 2024, the Company was notified that Robin Alfonso
sold 3,218 Ordinary Shares at the price of GBP16.17 each to meet
the costs of exercise incurred as a PDMR option-holder, including
personal taxation.
Following his option exercises and sale of Ordinary Shares,
Robin Alfonso together with any persons closely associated holds a
beneficial interest in 23,373 Ordinary Shares in the Company,
representing approximately 0.033% of the total voting rights of the
Company, calculated on the same basis.
Following the issue of the new Ordinary Shares, the Company has
a total issued share capital of 71,685,694 Ordinary Shares each
carrying one voting right. The Company holds no Ordinary Shares in
treasury. Therefore, following the issue of the new Ordinary
Shares, the total number of voting rights in the Company will be
71,685,694. 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.
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 / 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 Robin Alfonso
------------------------------- ----------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Chief Financial Officer
------------------------------- ----------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------------- ----------------------------------
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 Ordinary shares of 0.2 pence each
instrument, type of
instrument GB00B2863827
Identification code
b) Nature of the transaction a) Exercise of options under the 2020
SAYE Plan (1 January 2024 maturity)
b) Exercise of options under the CVS
Group Long Term Incentive Plan 2020
(4 January 2024 maturity)
c) Sale of Ordinary shares arising
from exercise
----------------------------- -------------------------------------------
c) Price(s) and volume(s)
Price(s) Volume
a) GBP10.09 a) 606
b) GBP0.002 b) 6,733
c) GBP16.17 c) 3,218
----------------------------- -------------------------------------------
d) Aggregated information
* Aggregated volume
N/A
* Price
----------------------------- -------------------------------------------
e) Date of the transaction a) 4 January 2024
b) 4 January 2024
----------------------------- -------------------------------------------
f) Place of the transaction a) London Stock Exchange - AIM
b) London Stock Exchange - AIM
----------------------------- -------------------------------------------
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END
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