REG - Animalcare Group PLC - Grant of options and PDMR Dealing

AnimalcareAnnouncement

25/04/2024 07:15

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RNS Number : 9367L  Animalcare Group PLC  25 April 2024

ANIMALCARE GROUP PLC

(the "Company")

Grant of options and PDMR Dealing

 

25 April 2024. Animalcare Group plc (AIM: ANCR), the international animal
health business, announces that, on 23 April 2024, nil-cost options over a
total of 439,690 ordinary shares with a nominal value of 20p per share ("the
Options") were awarded to the Executive Directors and PDMRs of the Company and
to certain members of the Senior Executive Team pursuant to the Company's Long
Term Incentive Plan. The Options were originally intended to be granted on 30
October 2023, however were deferred due to MAR-related conditions.

 

The awards will normally vest on 31 December 2026 following the assessment of
performance criteria based on Earnings Per Share (EPS) growth per annum and
Total Shareholder Return (TSR) over a three-year financial period ending 31
December 2026 which are as follows:

 

 Earnings Per Share growth per annum  Extent to which EPS tranche will vest
 Less than 3%                         0%
 3%                                   25%
 10%                                  100%
 Between 3% and 10%                   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 only 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   243,913         637,989        7,000

 Chris Brewster    100,004         262,543        280,513

Options over a further 95,773 ordinary shares were granted to other members of
the Senior Executive 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                      Initial Notification

      /Amendment

 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
                                                                    Award of options

 c)   Nature of the transaction(s)

 d)   Price(s) and volume(s)                                        Volume(s):

                                                                    Nil cost options over 243,913 shares

                                                                    Price: £Nil

 e)   Aggregated information                                        N/A

      - Aggregated volume

      - Price

 f)   Date of the transaction                                       23 April 2024

 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                                          Initial Notification

      /Amendment

 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
                                                                    Award of options

 c)   Nature of the transaction(s)

 d)   Price(s) and volume(s)     Volume(s):

                                 Nil cost options over 100,004 shares

                                  Price: £Nil

 e)   Aggregated information     N/A

      - Aggregated volume

      - Price

 f)   Date of the transaction      23 April 2024

 g)   Place of the transaction   Outside a trading venue

 

 

 

About Animalcare

Animalcare Group plc is a UK AIM-listed international development-focused
veterinary sales and marketing organisation. Animalcare operates in seven
countries and exports to approximately 40 countries in Europe and worldwide.
The Group is focused on bringing new and innovative products to market through
its own development pipeline, partnerships and via acquisition.

 

For more information about Animalcare, please visit www.animalcaregroup.com
(http://www.animalcaregroup.com) or contact:

 

 Animalcare Group plc                          +44 (0)1904 487 687

 Chris Brewster, Chief Financial Officer and   communications@animalcaregroup.com

Company Secretary

 Stifel Nicolaus Europe Limited                +44 (0)20 7710 7600

(Nominated Adviser & Joint Broker)

 Ben Maddison

 Nick Adams

 Nicholas Harland

 Francis North

 Panmure Gordon                                +44 (0)20 7886 2500

 (Joint Broker)

 Corporate Finance

 Freddy Crossley/Emma Earl

 Corporate Broking

 Rupert Dearden

 

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