ANCR Animalcare Group Plc

TIDMANCR

RNS Number : 3134Y

Animalcare Group PLC

28 November 2014

Animalcare Group plc

("Animalcare" or the "Company")

Employee SAYE Share Plan

The board of Animalcare (AIM: ANCR), the supplier of pharmaceutical and other premium products and services to the veterinary industry, announces that the Company has established a H.M. Revenue and Customs "HMRC" approved Save As You Earn option scheme (the "Scheme"), effective over a three year period from 1(st) January 2015, at a fixed price of 105p per share and are exercisable between 1(st) January 2018 and 30(th) June 2018.

All employees, including the Directors of the Company will be entitled to participate in the Scheme under the same terms. Current HMRC rules allow employees to invest a maximum of GBP500 per month. Should an employee choose to invest the maximum amount it would result in them being entitled to buy 17,142 shares at the end of the three year period. However, participants may opt to withdraw from the Scheme, recovering any fund that they may have paid in to the Scheme.

Iain Menneer and Chris Brewster, the Company's Chief Executive Officer and Chief Financial Officer respectively, intend to contribute to the Scheme, taking into account their existing contributions under the Company's other HMRC-approved Save As You Earn option scheme. Assuming that both participate in the Scheme to the maximum permissible extent, Mr Menneer and Mr Brewster would be entitled to buy 5,142 and 8,571 shares respectively at the end of the three year period. This notification is being made due to the potential beneficial interests of both directors.

28(th) November 2014

For further information, please contact:

 
 Animalcare Group plc 
  Chris Brewster, Chief Financial 
  Officer                            01904 487453 
 Panmure Gordon (Nominated 
  Adviser & Broker) 
 Joanne Lake / Peter Steel           Tel: 0113 357 1150 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

RDSBGBDBUUDBGSI

Animalcare (LSE:ANCR)
Historical Stock Chart
From Mar 2024 to Apr 2024

Animalcare (LSE:ANCR)
Historical Stock Chart
From Apr 2023 to Apr 2024