REG - CVS Group plc - LTIP Award

Fri Sep 28, 2012 11:55am EDT

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RNS Number : 5171N
CVS Group plc
28 September 2012
 



CVS Group plc

(the "Company")

Long Term Incentive Plan ("LTIP") Award

 

The Company announces that today it made a grant of awards over the Company's ordinary shares of 0.2 pence each ("Ordinary shares") under the CVS Group LTIP to the Directors detailed in the table below:

 

 

 

Name

 

 

 

Role

 

No. of Ordinary Shares

subject to award under the LTIP

 

Simon Innes

Chief Executive

301,020




 

Awards granted under the LTIP will vest in three years time but only to the extent that certain performance criteria relating to earnings per share growth are satisfied by the Company over a three year performance period between 1 July 2012 and 30 June 2015. A consideration equal to the nominal value of 0.2 pence per Ordinary Share is payable upon exercise of the award.

Contacts:

CVS Group plc

Simon Innes, Chief Executive

Paul Coxon, Financial Director

 

 

01379 644 288

Buchanan

Richard Oldworth/ Louise Hadcocks

 

020 7466 5000

N+1 Brewin - Nominated Adviser & Broker

Aubrey Powell/ Luke Boyce

020 3201 3710

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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