Director/PDMR Shareholding

22 December 2017

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 22 December 2017 (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.

In light of 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 8.90 pence per share to 10.7 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
Total Number of Ordinary Shares
awarded under the LTIP
Tim Davies 222,818 752,151
Neil Austin 163,095 554,805
Ellen Smith 35,131 111,351
Matthew Ratcliffe 32,258 32,258


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. Ellen Smith
4. Matthew Ratcliffe
2 . Reason for the notification
a) Position/status 1. Chief Executive Officer
2. Group Finance Director
3. Group Financial Controller
4. 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
d) Price(s) and Volume(s) Price(s)
1. £0.025 Ordinary Shares
2. £0.025 Ordinary Shares
3. £0.025 Ordinary Shares
4. £0.025 Ordinary Shares
e) Aggregated information:
i. Aggregated volume
ii. price
f)Date of the transaction Outside trading venue
g)Place of the transaction Outside trading venue




Carr's Group plc 01228 554 600
Matthew Ratcliffe (Company Secretary)
Powerscourt 020 7250 1446
Nick Dibden [email protected]
Lisa Kavanagh