REG - Carr's Group PLC - Director/PDMR Shareholding
RNS Number : 1006TCarr's Group PLC12 November 2019
12 November 2019
Carr's Group plc
("Carr's", the "Company", or the "Group")
Director/PDMR Shareholdings
Carr's (CARR.L), the Agriculture and Engineering Group, announces the following awards of options over ordinary shares in the Company of 2.5p each ("Ordinary Shares") to certain PDMRs.
Awards under the Company's Long Term Incentive Plan 2013 (the "LTIP")
On 11 November 2019 (the "Award Date"), awards were made under the Company's Long Term Incentive Plan 2013 (the "Options"). The Options are exercisable for nil consideration, subject to the rules of the LTIP and to the satisfaction of the applicable performance targets.
Owing to acquisitions made during the financial year ended 31 August 2019, the Company's Remuneration Committee has determined to award the Options subject to an inflated initial base adjusted EPS in order to ensure that performance targets remain stretching. The initial base adjusted EPS figure has accordingly been increased from 14.60 pence per share to 15.78 pence per share.
No consideration was payable on the award of the Options.
The Options will be exercisable (to the extent performance targets are met) from the third anniversary of the Award Date to the tenth anniversary of the Award Date.
The Options have been awarded to certain PDMRs as follows:
Name
Number of Ordinary Shares subject to this award
Tim Davies
199,810
Neil Austin
147,859
Matthew Ratcliffe
31,849
The following information is included in accordance with Article 19(3) of the Market Abuse Regulation (No. 596/2014):
1
. Details of the person discharging managerial responsibilities/person closely associated
a) Name
1. Tim Davies
2. Neil Austin
3. Matthew Ratcliffe
2
. Reason for the notification
a) Position/status
1. Chief Executive Officer
2. Group Finance Director
3. Company Secretary
b) Initial notification/Amendment
Initial Notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name
Carr's Group plc
b) LEI
213800HTIKPQV98RA653
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
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
d) Price(s) and Volume(s)
Price(s)
1. £0.025 Ordinary Shares
2. £0.025 Ordinary Shares
3. £0.025 Ordinary Shares
Volume(s)
199,810
147,859
31,849
e) Aggregated information:
i. Aggregated volume
ii. price
N/A
f) Date of the transaction
Outside trading venue
g) Place of the transaction
Outside trading venue
Enquiries:
Carr's Group plc
Matthew Ratcliffe (Company Secretary)
01228 554 600
Powerscourt
Nick Dibden
Lisa Kavanagh
020 7250 1446
carrs@powerscourt.com
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