CVS Group plc has announced that it has granted options under its 2023/2024 Save As You Earn share scheme (SAYE Scheme) to eligible employees of the company. The SAYE Scheme is open to all employees of the group, including the executive directors and persons closely associated (PCA). The options granted represent a 20% discount to the average closing middle market price for the three dealing days prior to 1 November 2023, which was the invitation date. The options have an exercise price of 1,146 pence per share and can be exercised from the maturity date on 1 January 2027. A total of 558,994 SAYE Scheme options were granted, equating to 0.79% of the current issued ordinary share capital.
The executive directors and their associated persons who have elected to participate in the SAYE Scheme and have been granted options are as follows:
- Richard Fairman: 550 SAYE scheme options
- Robin Alfonso: 550 SAYE scheme options
- Ben Jacklin: 517 SAYE scheme options
- Katherine Jacklin (PCA to Ben Jacklin): 550 SAYE scheme options
The transactions were conducted off-market. The notification also includes contact information for CVS Group plc and its advisers.