Director/PDMR Shareholdings

19 November 2019

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 Deferred Bonus Share Plan 2018 (the "DBSP")

On 18 November 2019 (the "Award Date"), awards were made under the Company's DBSP (the "Awards"). The Awards were granted in order to defer 25% of the annual cash bonus payable to Executive Directors in the form of Ordinary Shares for a period of two years in accordance with the Remuneration Committee's Policy on Executive Director Remuneration.

No consideration was payable on the grant of the Awards which will be exercisable from the second anniversary of the respective Award Date to the tenth anniversary of the respective Award Date.

The Awards are as follows:

Name of PDMR Number of Ordinary Shares
subject to the Awards
Tim Davies 28,682
Neil Austin 22,279


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

2. Reason for the notification

a) Position/status

1. Chief Executive Officer

2. Group Finance Director

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


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


c) Nature of transactions

Grant of Award

d) Price(s) and Volume(s)


1. Nil

2. Nil




e) Aggregated information:

i. Aggregated volume

ii. price


f) Date of the transaction

18 November 2019

g) Place of the transaction

Outside trading venue



Carr's Group plc
Matthew Ratcliffe (Company Secretary)
01228 554 600