7th Mar 2017 17:27
PREMIER VETERINARY GROUP PLC
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES
London, UK, 7 March 2017 (LSE: PVG): Premier Veterinary Group plc (the "Company") announces that on 3 March 2017 it granted 40,000 options over its ordinary shares of 10 pence each to Will Evans, Chief Financial Officer and a Director of the Company, under the Company's Enterprise Management Incentive Share Option Plan, with an exercise price of 238.75 pence per share. Following this grant, Will Evans holds 40,000 options.
The options will become exercisable on the third anniversary of the date of grant and remain exercisable up to and including the tenth anniversary of the date of grant, to the extent that the performance targets applicable to the options have been met. As disclosed in the Company's annual report and accounts for the year ended 30 September 2016, the performance targets are based on the growth in the number of pets on the Company's preventative healthcare programme for pets (Premier Pet Care Plan) to a pre-determined level, and the Company's share price increasing to at least twice the share price at the date of grant.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
1 | Details of the person discharging managerial responsibilities/person closely associated
| |
a) | Name | WILLIAM EDWARD FRANK EVANS |
2 | Reason for the notification
| |
a) | Position/status
| Chief Financial Officer/Executive Director |
b) | Initial notification/ Amendment
| Initial notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |
a) | Name | Premier Veterinary Group plc
|
b) | LEI | 2138009B5L8VQUZ9A719 |
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 £0.10 each
ISIN: GB00BSZLMS59 |
b) | Nature of the transaction | Grant of options to acquire shares
|
c) | Price(s) and volume(s) | 40,000 options to acquire ordinary shares at an exercise price of 238.75 pence per share |
d) | Aggregated information
- Aggregated volume - Price
| N/A |
e) | Date of the transaction | 3 March 2017
|
f) | Place of the transaction | Outside a trading venue
|
For further information, please contact:
Premier Veterinary Group plc Tel: +44(0)117 970 4127
Dominic Tonner, Chief Executive Officer
Will Evans, Chief Financial Officer
Related Shares:
PVG.L