REG - Carr's Group PLC - Director / PDMR Shareholdings
RNS Number : 7563LCarr's Group PLC14 January 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 12 January 2021, 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
Hugh Pelham
272,324
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
Hugh Pelham
2
. Reason for the notification
a) Position/status
Chief Executive Officer
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)
£0.025 Ordinary Shares
Volume(s)
272,324
e) Aggregated information:
i. Aggregated volume
ii. price
N/A
f) Date of the transaction
12 January 2021
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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