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

Carr'sAnnouncement

13/12/2021 16:45

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RNS Number : 4883V  Carr's Group PLC  13 December 2021

 

 

 

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 10 December 2021 ("Award
Date"), 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"):

 PDMR               Number of Ordinary Shares
 Neil Austin        169,550
 Matthew Ratcliffe  39,736

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.  Growth in adjusted EPS is calculated from a base adjusted EPS of
13.2p.

 

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)                                                              Volume(s)

                                                                 1. £0.025 Ordinary Shares                                             169,550

                                                                 2. £0.025 Ordinary Shares                                             39,736
 e) Aggregated information:                                      N/A

 i. Aggregated volume

 ii. price
 f)    Date of the transaction                                   10 December 2021
 g)   Place of the transaction                                   Outside a trading venue

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)

169,550

39,736

e) Aggregated information:

i. Aggregated volume

ii. price

N/A

f)    Date of the transaction

10 December 2021

g)   Place of the transaction

Outside a trading venue

 

Enquiries:

 Carr's Group plc                        01228 554 600

Matthew Ratcliffe (Company Secretary)

 

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