REG - Animalcare Group PLC - Grant of options

AnimalcareAnnouncement

08/11/2021 13:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20211108:nRSH6858Ra&default-theme=true

RNS Number : 6858R  Animalcare Group PLC  08 November 2021

Animalcare Group plc

 

(The "Company" or the "Group")

 

Grant of options

 

8 November 2021. Animalcare Group plc (AIM: ANCR), the international animal
health business, announces that, on 5 November 2021, nil-cost options over a
total of 264,981
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 members of the
Senior Executive

Team pursuant to the Company's Long Term Incentive Plan.

 

The awards will normally vest on 31 December 2024 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 2024 and 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         106,844           450,175        0

 Chris Brewster            43,806          187,290        280,513

Options over a further 114,331 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 106,844 shares

                                                                    Price:

                                                                    £Nil

 e)   Aggregated information                                        N/A

      - Aggregated volume

      - Price

 f)   Date of the transaction                                       5 November 2021

 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 43,806 shares Price:

                                 £Nil

 e)   Aggregated information     N/A

      - Aggregated volume

      - Price

 f)   Date of the transaction      5 November 2021

 g)   Place of the transaction   Outside a trading venue

 

 

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

 

 Animalcare Group plc                       +44 (0)1904 487 687

 Jenny Winter, Chief Executive Officer

 Chris Brewster, Chief Financial Officer

 Media relations                            communications@animalcaregroup.com (mailto:communications@animalcaregroup.com)

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

 (Nominated Adviser & Joint Broker)

 Ben Maddison

 Fred Walsh

 Nick Adams

 Panmure Gordon                             +44 (0)20 7886 2500

 (Joint Broker)

 Corporate Finance

 Freddy Crossley/Emma Earl

 Corporate Broking

 Rupert Dearden

 

About Animalcare

Animalcare Group plc is a UK AIM-listed international veterinary sales and
marketing organisation. Animalcare operates in seven countries - Spain,
Portugal, Italy, UK, Germany, Belgium and Netherlands - 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.

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHBXBDBXDGDGBI