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 in Adjusted EPS of 3%
|
Average annual growth in adjusted EPS of 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 instrument, type of instrument
|
Ordinary Shares of £0.025 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)
1. £0.025 Ordinary Shares
2. £0.025 Ordinary Shares
|
Volume(s)
200,800
38,986
|
|
e) Aggregated information:
i. Aggregated volume
ii. price
|
N/A
|
|
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
Nick Dibden
Lisa Kavanagh
|
020 7250 1446
[email protected]
|
|
|
|
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