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

Carr'sAnnouncement

24/11/2020 13:30

RNS Number : 3610G
  
Carr's Group PLC
  
24 November 2020
  
 

 
 
24 November 2020
 
 
Carr's Group plc
("Carr's", the "Company", or the "Group")
Director/PDMR Shareholdings
 
Carr's (CARR.L), the Agriculture and Engineering Group, announces that the following awards of options ("Options") were made on 23 November 2020, pursuant to the Company's Long Term Incentive Plan 2013 (the "LTIP"), to certain PDMRs over ordinary shares in the Company of 2.5p each ("Ordinary Shares"):



Name


Number of Ordinary Shares subject to this award               




Neil Austin


200,800




Matthew Ratcliffe


38,986





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, subject to the following performance targets:







Threshold 


Maximum 




Target


Average annual growth in Adjusted EPS of 3%


Average annual growth in adjusted EPS of 10%




Vesting


25%


100%













Vesting is adjusted on a straight-line basis between threshold and maximum targets.
 
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. Neil Austin
2. Matthew Ratcliffe







2


. Reason for the notification








a) Position/status
 


1. Chief Financial Officer
2. 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 pursuant to the Company's Long Term Incentive Plan 2013




d) Price(s) and Volume(s)


Price(s)                               
1. £0.025 Ordinary Shares
2. £0.025 Ordinary Shares


Volume(s)
200,800
38,986




e) Aggregated information:
i. Aggregated volume
ii. price


N/A




f)    Date of the transaction


23 November 2020




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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