TIDMCARR

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   Average annual growth 
             in Adjusted EPS of      in adjusted EPS of 
             3%                      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              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 2013 
                                             ----------------------------------------- 
 d) Price(s) and Volume(s)                    Price(s)                     Volume(s) 
                                               1. GBP0.025 Ordinary         200,800 
                                                Shares 
                                               2. GBP0.025 Ordinary         38,986 
                                                Shares 
                                             ---------------------------  ------------ 
 e) Aggregated information:                   N/A 
  i. Aggregated volume 
  ii. price 
                                             ----------------------------------------- 
 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                                       020 7250 1446 
 Nick Dibden                              carrs@powerscourt.com 
 Lisa Kavanagh 
 
 

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END

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