Director/PDMR Shareholding

04 January 2021

4 January 2021: The Company has been notified that on 30 December 2020 Tim Davies (Chief Executive Officer) and Neil Austin (Chief Financial Officer) each exercised options over 43,312 and 32,051 ordinary shares of 2.5 pence each in the Company ("Ordinary Shares"), respectively.  Such options were granted on 16 November 2018 pursuant to the Carr's Group plc 2018 Deferred Bonus Share Plan.

As a consequence of the exercise, 24,005 Ordinary Shares were transferred to Tim Davies and 17,764 Ordinary Shares were transferred to Neil Austin, representing the net number of Ordinary Shares over which options were exercised, together with Ordinary Shares in lieu of the dividends that would have been paid on such Ordinary Shares since the options were awarded, after the satisfaction by the Company of tax charges arising on exercise of the options.

Subsequent to these transactions, Tim Davies now has an interest in 383,024 Ordinary Shares, representing 0.41% of the Company's issued share capital. Neil Austin now has an interest in 309,493 Ordinary Shares, representing 0.33% of the Company's issued share capital.

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) Name1. Tim Davies
2. Neil Austin
2.Reason for the notification
a) Position/status
1. Chief Executive Officer
2. Chief Financial Officer
b) Initial notification/AmendmentInitial Notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) NameCarr's Group plc
b) LEI213800HTIKPQV98RA653
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 instrumentOrdinary Shares of £0.025 each
b) Identification CodeGB00BRK01058
c) Nature of transactionsExercise of options over Ordinary Shares
d) Price(s) and Volume(s)Price(s)                              
1. Nil*
2. Nil*
*A price of £1.5775 per Ordinary Share was used to determine the number of Options awarded on 16 November 2018.
e) Aggregated information:
i. Aggregated volume
ii. price
f)    Date of the transaction30 December 2020
g)   Place of the transactionOutside trading venue



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