Exercise of Options, Directors' Dealing & TVR

18 December 2017

 

CVS Group plc

("CVS" or the "Company")

 

Exercise of Options, Directors' Dealing and Total Voting Rights

                  

CVS, the UK's leading provider of integrated veterinary services, announces that on 18 December 2017, Simon Innes and Nick Perrin, Chief Executive and Finance Director of the Company respectively, together with certain other employees of the Company, exercised options at 0.2 pence per share over an aggregate of 243,205 ordinary shares of 0.2 pence each in the Company (the "New Shares"), under the CVS Group Long Term Incentive Plan 2014/2017.  Simon Innes exercised options over 88,169 ordinary shares of 0.2p each in the Company ("Ordinary Shares") and Nick Perrin exercised options over 53,570 Ordinary Shares. 

 

Application has been made for the New Shares, which rank pari passu in all respects with the Company's existing Ordinary Shares, to be admitted to trading on AIM which is expected to occur on or around 22 December 2017.

 

Following the issue of the New Shares, the Company's total issued share capital will consist of 64,159,080 Ordinary Shares with one voting right per share. The Company does not hold any Ordinary Shares in Treasury.  Therefore, following the issue of the New Shares, the total number of voting rights in the Company will be 64,159,080. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

On 18 December 2017, the Company was notified that, on that date, Simon Innes sold 88,169 Ordinary Shares at a price of 1030 pence per Ordinary Share.  Following the exercise and the sale, Simon Innes remains interested in 246,475 Ordinary Shares in the Company, representing 0.38 per cent of the total voting rights of the Company following the issue of the New Shares.  The Company was also notified on 18 December 2017 that on that date, Nick Perrin sold 25,570 Ordinary Shares at a price of 1030 pence per Ordinary Share, retaining 28,000 of the Ordinary Shares arising from the exercise of his options.   Following these events, Nick Perrin has increased his aggregate holding and is now interested in a total 60,000 Ordinary Shares in the Company, representing 0.09 per cent of the total voting rights of the Company following the issue of the New Shares.

 

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.

 

Contacts:

 

CVS Group plc Simon Innes, Chief Executive Nick Perrin, Finance Director	Tel: 01379 644 288
N+1 Singer (Nominated Adviser & Broker) Aubrey Powell Liz Yong James Hopton	Tel: 020 7496 3000

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Simon Innes
2	Reason for the notification
a)	Position/status	Chief Executive
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	CVS Group plc
b)	LEI	213800J41XDQ2NX48O05
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   Identification code	Ordinary shares of 0.2 pence each     GB00B2863827
b)	Nature of the transaction	Option Exercise
c)	Price(s) and volume(s)	Price(s)   Volume(s) 0.2 pence 88,169
d)	Aggregated information   - Aggregated volume     - Price	88,169 Ordinary shares     1030 pence
e)	Date of the transaction	18 December 2017
f)	Place of the transaction	Off Market

 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nick Perrin
2	Reason for the notification
a)	Position/status	Finance Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	CVS Group plc
b)	LEI	213800J41XDQ2NX48O05
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   Identification code	Ordinary shares of 0.2 pence each     GB00B2863827
b)	Nature of the transaction	Option Exercise
c)	Price(s) and volume(s)	Price(s)   Volume(s) 0.2 pence 53,570
d)	Aggregated information   - Aggregated volume     - Price	53,570     1030 pence
e)	Date of the transaction	18 December 2017
f)	Place of the transaction	Off Market

 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Simon Innes
2	Reason for the notification
a)	Position/status	Chief Executive
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	CVS Group plc
b)	LEI	213800J41XDQ2NX48O05
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   Identification code	Ordinary shares of 0.2 pence each     GB00B2863827
b)	Nature of the transaction	Sale of ordinary shares
c)	Price(s) and volume(s)	Price(s)   Volume(s) 1030 pence 88,169
d)	Aggregated information   - Aggregated volume     - Price	88,169
e)	Date of the transaction	18 December 2017
f)	Place of the transaction	London Stock Exchange (XLON)

 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nick Perrin
2	Reason for the notification
a)	Position/status	Finance Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	CVS Group plc
b)	LEI	213800J41XDQ2NX48O05
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   Identification code	Ordinary shares of 0.2 pence each     GB00B2863827
b)	Nature of the transaction	Sale of ordinary shares
c)	Price(s) and volume(s)	Price(s)   Volume(s) 1030 pence 25,570
d)	Aggregated information   - Aggregated volume     - Price	25,570     1030 pence
e)	Date of the transaction	18 December 2017
f)	Place of the transaction	London Stock Exchange (XLON)