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Fevara plc granted nil-cost options over a total of 366,042 ordinary shares of 2.5p each to three PDMRs on 11 December 2025. Joshua Hoopes received 202,287 options, Gavin Manson received 130,708 options, and Paula Robertson received 33,047 options, under the Company's Long Term Incentive Plan 2023. These options are exercisable from the third to the tenth anniversary of the award date, contingent on performance targets for adjusted EPS (75% weighting) and relative Total Shareholder Return (25% weighting) over the FY26, FY27, and FY28 performance period.
| Date | 15 Dec 2025 |
| Time | 18:29:43 |
| Category | Director/PDMR dealings |
| ID | 6571L |
Fevara plc
("Fevara", the "Company", or the "Group")
Director/PDMR Shareholdings
Fevara plc (LSE: FVA), an international specialist in livestock supplements, announces that the following awards of options ("Options") were made on 11 December 2025 ("Award Date"), pursuant to the Company's Long Term Incentive Plan 2023 (the "LTIP"), to certain PDMRs over ordinary shares in the Company of 2.5p each ("Ordinary Shares"):
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PDMR |
Number of Ordinary Shares |
|
Joshua Hoopes |
202,287 |
|
Gavin Manson |
130,708 |
|
Paula Robertson |
33,047 |
The Options were awarded for nil-cost subject to the rules of the LTIP and will be exercisable from the third anniversary of the Award Date to the tenth anniversary of the Award Date.
Vesting of the Options is subject to performance targets based upon the Company's adjusted Earnings Per Share ("EPS") and relative Total Shareholder Return ("TSR") over a three-year performance period covering FY26, FY27 and FY28 ("Performance Period") as follows:
Adjusted EPS (75% weighting)
|
|
Threshold |
Maximum |
|
Target |
10% average annual growth in adjusted EPS |
15% average annual growth in adjusted EPS |
|
Vesting |
25% |
100% |
TSR (25% weighting)
|
|
Threshold |
Maximum |
|
Target |
Index Median |
Index Average Upper Quartile |
|
Vesting |
25% |
100% |
Vesting is adjusted on a straight-line basis between threshold and maximum targets.
Growth in adjusted EPS is calculated from a base adjusted EPS of 4.4p.
Growth in TSR is measured relative to the FTSE Small Cap Index (excluding investment trusts and financial services companies) during the Performance Period.
The following information is included in accordance with Article 19(3) of the Market Abuse Regulation (No. 596/2014):
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a) Name |
1. Joshua Hoopes 2. Gavin Manson 3. Paula Robertson |
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a) Position/status
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1. Chief Executive Officer 2. Chief Financial Officer 3. Company Secretary
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b) Initial notification/Amendment |
Initial Notification |
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3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) Name |
Fevara plc |
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b) LEI |
213800HTIKPQV98RA653 |
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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 |
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a) Description of the financial instrument, type of instrument |
Ordinary Shares of £0.025 each |
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b) Identification Code |
GB00BRK01058 |
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c) Nature of transactions |
Grant of award pursuant to the Company's Long Term Incentive Plan 2023 |
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d) Price(s) and Volume(s) |
Price(s) 1. Nil-Cost 2. Nil-Cost 3. Nil-Cost |
Volume(s) 202,287 130,708 33,047 |
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e) Aggregated information: i. Aggregated volume ii. price |
N/A |
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f) Date of the transaction |
11 December 2025 |
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g) Place of the transaction |
Outside trading venue |
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Enquiries:
|
Fevara plc Paula Robertson (Company Secretary)
|
01228 554 600 |
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