Carr's Group PLC Director/PDMR Shareholding (1002L)

TIDMCARR

RNS Number : 1002L

Carr's Group PLC

20 December 2018

20 December 2018

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 19 December 2018 (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 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 13.9 pence per share to 15.2 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 
 Tim Davies           188,637 
 Neil Austin          139,591 
 Matthew Ratcliffe    30,068 
 
 
 
 
 

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. Nil          188,637 
                                                         2. Nil          139,591 
                                                         3. Nil          30,068 
                                                       --------------  --------------- 
 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 
 
 
 

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December 20, 2018 03:29 ET (08:29 GMT)