Director/PDMR Shareholdings

13 December 2021

Carr's (CARR.L), the Agriculture and Engineering Group, announces that the following awards of options ("Options") were made on 10 December 2021 ("Award Date"), 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"):

PDMRNumber of Ordinary Shares 
Neil Austin169,550
Matthew Ratcliffe39,736

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:

TargetAverage annual growth in Adjusted EPS of 3%Average annual growth in adjusted EPS of 10%

Vesting is adjusted on a straight-line basis between threshold and maximum targets.  Growth in adjusted EPS is calculated from a base adjusted EPS of 13.2p.


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. Neil Austin
2. Matthew Ratcliffe
2. Reason for the notification
a) Position/status
1. Chief Financial Officer
2. Company Secretary
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 transactionsGrant of award pursuant to the Company's Long Term Incentive Plan 2013
d) Price(s) and Volume(s)Price(s)                              
1. £0.025 Ordinary Shares
2. £0.025 Ordinary Shares
e) Aggregated information:
i. Aggregated volume
ii. price
f)    Date of the transaction10 December 2021
g)   Place of the transactionOutside a trading venue



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