REG - Animalcare Group PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">ANCR.L</Origin>
RNS Number : 3134YAnimalcare Group PLC28 November 2014Animalcare Group plc
("Animalcare" or the "Company")
Employee SAYE Share Plan
The board of Animalcare (AIM: ANCR), the supplier of pharmaceutical and other premium products and services to the veterinary industry, announces that the Company has established a H.M. Revenue and Customs "HMRC" approved Save As You Earn option scheme (the "Scheme"), effective over a three year period from 1st January 2015, at a fixed price of 105p per share and are exercisable between 1st January 2018 and 30th June 2018.
All employees, including the Directors of the Company will be entitled to participate in the Scheme under the same terms. Current HMRC rules allow employees to invest a maximum of 500 per month. Should an employee choose to invest the maximum amount it would result in them being entitled to buy 17,142 shares at the end of the three year period. However, participants may opt to withdraw from the Scheme, recovering any fund that they may have paid in to the Scheme.
Iain Menneer and Chris Brewster, the Company's Chief Executive Officer and Chief Financial Officer respectively, intend to contribute to the Scheme, taking into account their existing contributions under the Company's other HMRC-approved Save As You Earn option scheme. Assuming that both participate in the Scheme to the maximum permissible extent, Mr Menneer and Mr Brewster would be entitled to buy 5,142 and 8,571 shares respectively at the end of the three year period. This notification is being made due to the potential beneficial interests of both directors.
28th November 2014
For further information, please contact:
Animalcare Group plc
Chris Brewster, Chief Financial Officer
01904 487453
Panmure Gordon (Nominated Adviser & Broker)
Joanne Lake / Peter Steel
Tel: 0113 357 1150
This information is provided by RNSThe company news service from the London Stock ExchangeENDRDSBGBDBUUDBGSI
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