REG - Carr's Group PLC - Director/PDMR Shareholding

Carr'sAnnouncement

20/12/2018 08:30

RNS Number : 1002L
Carr's Group PLC
20 December 2018
 


 
 
20 December 2018
 
 
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 19 December 2018 (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 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 13.9 pence per share to 15.2 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               
 




Tim Davies


188,637




Neil Austin


139,591




Matthew Ratcliffe


30,068











































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. Nil
2. Nil
3. Nil


Volume(s)
188,637
139,591
30,068




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


















 



 




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