Director/PDMR Shareholding

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 [e-mail]

 

END

 

 

DSHKKQBBNBDDDDB