REG - Animalcare Group PLC - Director/PDMR Shareholding

AnimalcareAnnouncement

10/06/2019 15:00

RNS Number : 7161B
Animalcare Group PLC
10 June 2019
 


 10 June 2019
 
ANIMALCARE GROUP PLC
 (the "Company")
Grant of options to Persons Discharging Managerial Responsibility ("PDMRs")
 
Animalcare Group plc (AIM: ANCR), the pan-European Animal Health business, announces that, on 6 June 2019, nil-cost options over a total of 425,279 ordinary shares with a nominal value of 20p per share ("the Options") were awarded to certain Executive Directors and PDMRs of the Company and to members of the Leadership Team pursuant to the Company's Long Term Incentive Plan.
 
The awards will normally vest three years after the date of grant subject to the following performance criteria being met over the three year financial period ending 31 December 2021.  The Options will vest to the extent the following performance conditions based on EPS and TSR are met:
 




Earnings Per Share growth


Extent to which EPS tranche will vest




Less than 3%


0%




3%


25%




8%


100%




Between 3% and 8%


Between 25% and 100% on a straight line basis




 




Rank of the Company's TSR compared to the Comparator Group


Extent to which the TSR tranche will vest




Upper quartile or above


100%




Between median and upper quartile


Pro rata between 25% and 100% on a ranking basis




Median


25%




Below median


0%




 
50% of the option award will be subject to the EPS performance condition and the remaining 50% will be subject to the TSR performance condition. Accordingly, if one of the performance conditions is met but the other is not, the Option award will vest in part. 
 
After the grant of the Options, the PDMRs set out below hold the following Options and ordinary shares:
 




PDMR


Options Awarded


Total Options


Ordinary Shares




Jennifer Winter


177,570
 


177,570
 


0




Chris Brewster


  76,636
 


  76,636


280,513




 
Options over a further 171,073 ordinary shares were granted to members of the Leadership Team.
 
The notification in respect of the Option Awards set out in the Annex below was made subject to the requirements of Article 19 of the Market Abuse Regulation:
 
ANNEX
 




 1
 


Details of the person discharging managerial responsibilities / person closely associated 




a)
 


Name


Jennifer Winter, Chief Executive Officer




2
 


Reason for the notification




a)
 


Position/status
 


See 1(a) above - Ms Winter is classified as a PDMR of the Company




b)
 


Initial notification /Amendment
 


Initial Notification




3
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 




a)
 


Name
 


Animalcare Group plc




b)


LEI


 
 213800A7XPQ528RMCC72




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 instrument, type of instrument
 


Options in respect of the Long Term Incentive Plan ("LTIP") over ordinary shares of 20p each




b)


Identification code 
 


 GB0032350695




c)
 


Nature of the transaction(s)
 


Issue of options




d)
 


Price(s) and volume(s)


Volume(s):
Nil cost options over 177,570 shares
Price:
£Nil




e)
 


Aggregated information 
- Aggregated volume
- Price


 N/A
 




f)
 


Date of the transaction


6 June 2019




g)
 


Place of the transaction


Outside a trading venue




 




 1
 


Details of the person discharging managerial responsibilities / person closely associated 




a)
 


Name


Chris Brewster, Chief Financial Officer




2
 


Reason for the notification




a)
 


Position/status
 


See 1(a) above - Mr Brewster is classified as a PDMR of the Company




b)
 


Initial notification /Amendment
 


Initial Notification




3
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 




a)
 


Name
 


Animalcare Group plc




b)


LEI


 
 213800A7XPQ528RMCC72




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 instrument, type of instrument
 


Options in respect of the Long Term Incentive Plan ("LTIP") over ordinary shares of 20p each




b)


Identification code 
 


 GB0032350695




c)
 


Nature of the transaction(s)
 


Issue of options




d)
 


Price(s) and volume(s)


Volume(s):
Nil cost options over 76,636 shares
Price:
£Nil




e)
 


Aggregated information 
- Aggregated volume
- Price


 N/A
 




f)
 


Date of the transaction


6 June 2019




g)
 


Place of the transaction


Outside a trading venue




 




Animalcare Group plc


Tel: 01904 487 687




Chris Brewster, Chief Financial Officer
and Company Secretary


 




 




Panmure Gordon - Nominated Adviser and Broker


Tel: 020 7886 2500




Corporate Finance


 




Freddy Crossley / Emma Earl


 




Corporate Broking
 


 




Consilium Strategic Communications


Tel: 020 3709 5709




Amber Fennell/Angela Gray/Olivia Manser
Animalcare@consilium-comms.com


 




 
About Animalcare www.animalcaregroup.co.uk
Animalcare Group plc is a UK AIM listed veterinary sales and marketing organisation resulting from the merger of Animalcare and Ecuphar NV in July 2017.  Animalcare operates in 32 countries in Europe and a further 16 worldwide.  The company is focused on bringing new and innovative products to market through its own development pipeline, partnerships and via acquisition.




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