Carr's Group PLC Director/PDMR Shareholding (1006T)

TIDMCARR

RNS Number : 1006T

Carr's Group PLC

12 November 2019

12 November 2019

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 11 November 2019 (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.

Owing to acquisitions made during the financial year ended 31 August 2019, 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 14.60 pence per share to 15.78 pence per share.

No consideration was payable on the award of the Options.

The Options will be exercisable (to the extent performance targets are met) from the third anniversary of the Award Date to the tenth anniversary of the Award Date.

The Options have been awarded to certain PDMRs as follows:

 
 Name                 Number of Ordinary 
                       Shares subject to 
                       this award 
 Tim Davies           199,810 
 Neil Austin          147,859 
 Matthew Ratcliffe    31,849 
 
 
 
 
 

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. Matthew Ratcliffe 
                                             ----------------------------------------- 
 2  . Reason for the notification 
 a) Position/status                           1. Chief Executive Officer 
                                               2. Group Finance Director 
                                               3. 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              Ordinary Shares of GBP0.025 
  instrument, type of instrument               each 
                                             ----------------------------------------- 
 b) Identification Code                       GB00BRK01058 
                                             ----------------------------------------- 
 c) Nature of transactions                    Grant of Award 
                                             ----------------------------------------- 
 d) Price(s) and Volume(s)                    Price(s)                     Volume(s) 
                                               1. GBP0.025 Ordinary         199,810 
                                                Shares 
                                               2. GBP0.025 Ordinary         147,859 
                                                Shares 
                                               3. GBP0.025 Ordinary         31,849 
                                                Shares 
                                             ---------------------------  ------------ 
 e) Aggregated information:                   N/A 
  i. Aggregated volume 
  ii. price 
                                             ----------------------------------------- 
 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                                       020 7250 1446 
 Nick Dibden                              [e-mail] 
 Lisa Kavanagh 
 
 

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November 12, 2019 03:56 ET (08:56 GMT)