Remuneration Information • Jun 10, 2019
Remuneration Information
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RNS Number : 7161B
Animalcare Group PLC
10 June 2019
10 June 2019
ANIMALCARE GROUP PLC
(the "Company")
Grant of options to Persons Discharging Managerial Responsibility ("PDMRs")
Animalcare Group plc (AIM: ANCR), the pan-European Animal Health business, announces that, on 6 June 2019, nil-cost options over a total of 425,279 ordinary shares with a nominal value of 20p per share ("the Options") were awarded to certain Executive Directors and PDMRs of the Company and to members of the Leadership Team pursuant to the Company's Long Term Incentive Plan.
The awards will normally vest three years after the date of grant subject to the following performance criteria being met over the three year financial period ending 31 December 2021. The Options will vest to the extent the following performance conditions based on EPS and TSR are met:
| Earnings Per Share growth | Extent to which EPS tranche will vest |
| Less than 3% | 0% |
| 3% | 25% |
| 8% | 100% |
| Between 3% and 8% | 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 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 | 177,570 | 177,570 | 0 |
| Chris Brewster | 76,636 | 76,636 | 280,513 |
Options over a further 171,073 ordinary shares were granted to members of the Leadership 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 /Amendment | Initial Notification |
| 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 |
| c) | Nature of the transaction(s) | Issue of options |
| d) | Price(s) and volume(s) | Volume(s): Nil cost options over 177,570 shares Price: £Nil |
| e) | Aggregated information - Aggregated volume - Price |
N/A |
| f) | Date of the transaction | 6 June 2019 |
| 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 /Amendment | Initial Notification |
| 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 |
| c) | Nature of the transaction(s) | Issue of options |
| d) | Price(s) and volume(s) | Volume(s): Nil cost options over 76,636 shares Price: £Nil |
| e) | Aggregated information - Aggregated volume - Price |
N/A |
| f) | Date of the transaction | 6 June 2019 |
| g) | Place of the transaction | Outside a trading venue |
| Animalcare Group plc | Tel: 01904 487 687 |
| Chris Brewster, Chief Financial Officer and Company Secretary |
| Panmure Gordon - Nominated Adviser and Broker | Tel: 020 7886 2500 |
| Corporate Finance | |
| Freddy Crossley / Emma Earl | |
| Corporate Broking | |
| Consilium Strategic Communications | Tel: 020 3709 5709 |
| Amber Fennell/Angela Gray/Olivia Manser [email protected] |
About Animalcare www.animalcaregroup.co.uk
Animalcare Group plc is a UK AIM listed veterinary sales and marketing organisation resulting from the merger of Animalcare and Ecuphar NV in July 2017. Animalcare operates in 32 countries in Europe and a further 16 worldwide. The company is focused on bringing new and innovative products to market through its own development pipeline, partnerships and via acquisition.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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