Director/PDMR Shareholding
Fevara PLC announced that on August 3, 2026, options were awarded under its Long Term Incentive Plan 2023 to PDMRs Joshua Hoopes and Gavin Manson, granting them 193,323 and 53,535 ordinary shares respectively, at nil cost. These options are exercisable from the third to the tenth anniversary of the award date and are contingent upon achieving performance targets related to adjusted Earnings Per Share growth of 10% to 15% and relative Total Shareholder Return against the FTSE Small Cap Index over a three-year period covering FY26 to FY28. This initiative aims to strengthen the link between executive pay and long-term company performance.
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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 03 August 2026 ("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 | 193,323 |
| Gavin Manson | 53,535 |
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. Following the development of the Group's medium-term strategic ambition to optimise performance, growth and shareholder returns, which was set out in the FY26 interim results announcement on 22 April 2026, the Remuneration Committee is keen to strengthen the link between the delivery of long-term sustained performance and Executive Director pay. Accordingly, and in accordance with the Directors' Remuneration Policy, the Committee has determined to award an increased level of share-based incentivisation for Joshua Hoopes and Gavin Manson for the Performance Period (as defined below).
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 | |
| 2 . Reason for the notification | ||
| a) Position/status | 1. Chief Executive Officer 2. Chief Financial Officer | |
| 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 | Volume(s) 193,323 53,535 |
| e) Aggregated information: i. Aggregated volume ii. price | N/A | |
| f) Date of the transaction | 03 August 2026 | |
| g) Place of the transaction | Outside a trading venue | |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.