Director/PDMR Shareholding
Fevara plc announced the grant of nil-cost options under its Long Term Incentive Plan 2023 to three Persons Discharging Managerial Responsibilities (PDMRs), including Joshua Hoopes (CEO) who received 202,287 options, Gavin Manson (CFO) who received 130,708 options, and Paula Robertson (Company Secretary) who received 33,047 options. These options are exercisable from the third to the tenth anniversary of the award date and are subject to vesting conditions based on adjusted Earnings Per Share growth and relative Total Shareholder Return over a three-year performance period covering FY26 to FY28.
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Fevara plc (LSE: FVA), an international specialist in livestock supplements, announces that the following awards of options ("Options") were made on 11 December 2025 ("Award Date"), pursuant to the Company's Long Term Incentive Plan 2023 (the "LTIP"), to certain PDMRs over ordinary shares in the Company of 2.5p each ("Ordinary Shares"):
| PDMR | Number of Ordinary Shares |
|---|---|
| Joshua Hoopes | 202,287 |
| Gavin Manson | 130,708 |
| Paula Robertson | 33,047 |
The Options were awarded for nil-cost subject to the rules of the LTIP and will be exercisable from the third anniversary of the Award Date to the tenth anniversary of the Award Date.
Vesting of the Options is subject to performance targets based upon the Company's adjusted Earnings Per Share ("EPS") and relative Total Shareholder Return ("TSR") over a three-year performance period covering FY26, FY27 and FY28 ("Performance Period") as follows:
Adjusted EPS (75% weighting)
| Threshold | Maximum | |
|---|---|---|
| Target | 10% average annual growth in adjusted EPS | 15% average annual growth in adjusted EPS |
| Vesting | 25% | 100% |
| TSR (25% weighting) | ||
| Threshold | Maximum | |
| Target | Index Median | Index Average Upper Quartile |
| Vesting | 25% | 100% |
Vesting is adjusted on a straight-line basis between threshold and maximum targets.
Growth in adjusted EPS is calculated from a base adjusted EPS of 4.4p.
Growth in TSR is measured relative to the FTSE Small Cap Index (excluding investment trusts and financial services companies) during the Performance Period.
1 . Details of the person discharging managerial responsibilities/person closely associated
| a) Name | 1. Joshua Hoopes 2. Gavin Manson 3. Paula Robertson | |
| 2 . Reason for the notification | ||
| a) Position/status | 1. Chief Executive Officer 2. Chief Financial Officer 3. Company Secretary | |
| b) Initial notification/Amendment | Initial Notification | |
| a) Name | Fevara plc | |
| b) LEI | 213800HTIKPQV98RA653 | |
| a) Description of the financial instrument, type of instrument | Ordinary Shares of £0.025 each | |
| b) Identification Code | GB00BRK01058 | |
| c) Nature of transactions | Grant of award pursuant to the Company's Long Term Incentive Plan 2023 | |
| d) Price(s) and Volume(s) | Price(s) 1. Nil-Cost 2. Nil-Cost 3. Nil-Cost | Volume(s) 202,287 130,708 33,047 |
| e) Aggregated information: i. Aggregated volume ii. price | N/A | |
| f) Date of the transaction | 11 December 2025 | |
| g) Place of the transaction | Outside trading venue | |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.