Carr's Group PLC Director/PDMR Shareholding (1006T)
12 November 2019 - 7:56PM
UK Regulatory
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 carrs@powerscourt.com
Lisa Kavanagh
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END
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