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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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