REG - Carr's Group PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">CARRC.L</Origin>

Carr'sAnnouncement

22/12/2017 12:40

RNS Number : 2598A
Carr's Group PLC
22 December 2017
22 December 2017
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 22 December 2017 (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. 
In light of the Company's expected performance during the relevant performance period, 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 8.90 pence per share to 10.7 pence per share. 
No consideration was payable on the grant of the Awards. 
The Options will be exercisable (to the extent the performance targets are met) from the third anniversary of the respective Award Dates to the tenth anniversary of the respective Award Dates. 
The Options have been awarded to certain PDMRs as follows: 
Name
Number of Ordinary Shares
subject to this award
Total Number of Ordinary Shares 
awarded under the LTIP
Tim Davies
222,818
752,151
Neil Austin
163,095
554,805
Ellen Smith
35,131
111,351
Matthew Ratcliffe
32,258
32,258








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. Ellen Smith
4. Matthew Ratcliffe
2
. Reason for the notification 
a) Position/status
1. Chief Executive Officer
2. Group Finance Director
3. Group Financial Controller
4. 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
4. 0.025 Ordinary Shares
Volume(s)
222,818
163,095
35,131
32,258
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

This information is provided by RNS
The company news service from the London Stock Exchange
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