Director/PDMR Shareholding

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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