Director / PDMR Shareholdings
14 January 2021
Carr's (CARR.L), the Agriculture and Engineering Group, announces that the following awards of options ("Options") were made on 12 January 2021, 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 |
| Hugh Pelham | 272,324 |
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 person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Hugh Pelham | ||||
2. | Reason for the notification | |||||
a) | Position/status | Chief Executive Officer | ||||
b) | Initial notification/amendment | Initial Notification | ||||
3. | Details of the issuer | |||||
a) | Name | Carr's Group plc | ||||
b) | Legal Entity Identifier | 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 | Ordinary Shares of £0.025 each | ||||
b) | Identification code of the Financial Instrument | GB00BRK01058 | ||||
c) | Nature of the transaction | Grant of award pursuant to the Company's Long Term Incentive Plan 2013 | ||||
d) | Price(s) and volume(s) |
| ||||
e) | Aggregated information - volume - Price - Total
|
N/A | ||||
f) | Date of the transaction | 12 January 2021 | ||||
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] |