Carr's Group PLC Director/PDMR Shareholding (1002L)
December 20 2018 - 3:29AM
UK Regulatory
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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END
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