Carr's Group PLC Director/PDMR Shareholding (6808A)
January 24 2024 - 1:00AM
UK Regulatory
TIDMCARR
RNS Number : 6808A
Carr's Group PLC
24 January 2024
24 January 2024
Carr's Group plc
("Carr's", the "Company", or the "Group")
Director/PDMR Shareholdings
Carr's (CARR.L), the Speciality Agriculture and Engineering
Group, announces that the following awards of options ("Options")
were made on 22 January 2024 ("Award Date"), pursuant to the
Company's Long Term Incentive Plan 2023 (the "LTIP"), to certain
PDMRs over ordinary shares in the Company of 2.5p each ("Ordinary
Shares"):
PDMR Number of Ordinary Shares
David White 267,834
--------------------------
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.
Vesting of the Options is subject to performance targets based
upon the Company's adjusted Earnings Per Share ("EPS") and Total
Shareholder Return ("TSR") over a three-year performance period
covering the financial years 2023/24, 2024/25 and 2025/26
("Performance Period") as follows:
Adjusted EPS (75% weighting)
Threshold Maximum
Target 5% average annual 14% average annual
growth in adjusted growth in adjusted
EPS EPS
-------------------- --------------------
Vesting 25% 100%
-------------------- --------------------
TSR (25% weighting)
Threshold Maximum
Target 7% compound annual 16% compound annual
growth in TSR growth in TSR
------------------- --------------------
Vesting 25% 100%
------------------- --------------------
Vesting is adjusted on a straight-line basis between threshold
and maximum targets. Growth in adjusted EPS is calculated from a
base adjusted EPS of 6.2p. Growth in TSR is measured by comparing
the Company's average TSR over each of the three-month periods
ending on: (i) the day before the start of the Performance Period;
and (ii) the final day of the Performance Period.
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 2. David White
-----------------------------------
2 . Reason for the notification
a) Position/status 1. 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 Ordinary Shares of GBP0.025
instrument, type of instrument each
-----------------------------------
b) Identification Code GB00BRK01058
-----------------------------------
c) Nature of transactions Grant of award pursuant to the
Company's Long Term Incentive
Plan 2023
-----------------------------------
d) Price(s) and Volume(s) Price(s) Volume(s)
1. Nil-Cost 267,834
------------------- --------------
e) Aggregated information: N/A
i. Aggregated volume
ii. price
-----------------------------------
f) Date of the transaction 22 January 2024
-----------------------------------
g) Place of the transaction Outside trading venue
-----------------------------------
Enquiries:
Carr's Group plc
Ian Wood (Remuneration Committee Chair)
Justin Richards (Company Secretary) 01228 554 600
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END
DSHQKNBQFBKDODB
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