1st Sep 2008 07:00
|
For immediate release |
1 September 2008 |
CVS Group PLC ("CVS" or "the Company")
ShareSave Scheme
CVS is pleased to announce the launch of a Save As You Earn scheme ("SAYE Scheme" or "the Scheme") for its employees. 18 per cent. of the Company's employees have applied to participate in the Scheme, which commences on 1 September 2008.
The Scheme grants to its participants options over ordinary shares at 209.6 pence each which, if exercised in full, would result in the issue of up to 376,066 ordinary shares when the Scheme terminates on 31 August 2011. This would represent approximately 0.7 per cent. of the currently issued share capital of the Company.
The following Directors have taken up the offer under the SAYE Scheme:
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Director
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Maximum number of shares under SAYE Scheme
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|
|
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Simon Innes
|
4,485
|
|
Paul Coxon
|
4,485
|
|
Mark Finn
|
4,485
|
Contacts:
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CVS Group plc |
01379 644 288 |
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Simon Innes, Chief Executive |
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Paul Coxon, Finance Director |
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|
Buchanan Communications |
020 7466 5000 |
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Richard Oldworth, Suzanne Brocks |
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|
Panmure Gordon |
020 7459 3600 |
|
Richard Gray, Andrew Godber, Chris Bucknall |
Related Shares:
CVS Group