Business
Exercise of Options and PDMR Dealing
Exercise of Options and PDMR Dealing.
About this update from Cvs Group Plc
[{"type":"text","content":"\n \n \n 20 December 2022\n \n \n \n \n \n \n \n \n CVS Group Plc\n \n \n \n (\"CVS\", the \"Company\" or the \"Group\")\n \n \n \n Exercise of Options, PDMR Dealing, EBT Share Purchase and Total Voting Rights\n \n \n \n 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. \n \n \n \n \n \n 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.\n \n \n \n \n \n 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 £20.01 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:\n \n \n \n \n \n \n Name Number of shares sold to EBT Price\n \n \n \n Richard Fairman 22,159 £20.01\n \n \n Ben Jacklin 13,295 £20.01\n \n \n Robin Alfonso 7,313 £20.01\n \n \n \n \n \n \n \n \n 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.\n \n \n \n \n \n Application has been made for the New shares, which rank pari passu in all respects with the Company's ex...