5 August 2026

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 03 August 2026 ("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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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.  Following the development of the Group's medium-term strategic ambition to optimise performance, growth and shareholder returns, which was set out in the FY26 interim results announcement on 22 April 2026, the Remuneration Committee is keen to strengthen the link between the delivery of long-term sustained performance and Executive Director pay.  Accordingly, and in accordance with the Directors' Remuneration Policy, the Committee has determined to award an increased level of share-based incentivisation for Joshua Hoopes and Gavin Manson for the Performance Period (as defined below).

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)

TSR (25% weighting)

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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