Director/PDMR Shareholding
09 May 2025
Carr's (CARR.L), the Agriculture and Engineering Group, announces that the following awards of options ("Options") were made on 8 May 2025 ("Award Date"), pursuant to the Company's Long Term Incentive Plan 2023 (the "LTIP"), to certain PDMRs over ordinary shares in the Company of 2.5p each ("Ordinary Shares"):
| PDMR | Number of Ordinary Shares |
| Paula Robertson | 28,488 |
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.
Vesting of the Options is subject to performance targets based upon the Company's adjusted Earnings Per Share ("EPS") and Return on Capital Employed ("ROCE") over a three-year performance period covering the financial years 2024/25, 2025/26 and 2026/27 ("Performance Period") as follows:
Adjusted EPS (75% weighting)
| Threshold | Maximum | |
| Target | 20% average annual growth in adjusted EPS | 35% average annual growth in adjusted EPS |
| Vesting | 25% | 100% |
ROCE (25% weighting)
| Threshold | Maximum | |
| Target | 12% average over 3 years FY25-FY27 | 15% average over 3 years FY25-FY27 |
| Vesting | 25% | 100% |
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 2.5p. ROCE is calculated from an initial base of 6.2% and is measured on an average basis over the three-year Performance Period, with measurements taken at each half year and full year reporting date, beginning with the results at 28 February 2025 and continuing to 31 August 2027 (inclusive).
The following information is included in accordance with Article 19(3) of the Market Abuse Regulation (No. 596/2014):
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| a) Name | Paula Robertson | |||
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| a) Position/status | 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 pursuant to the Company's Long Term Incentive Plan 2023 | |||
| d) Price(s) and Volume(s) | Price(s) 1. Nil-Cost | Volume(s) 28,488 | ||
| e) Aggregated information: i. Aggregated volume ii. price | N/A | |||
| f) Date of the transaction | 8 May 2025 | |||
| g) Place of the transaction | Outside trading venue | |||
Enquiries:
| Carr's Group plc Fiona Rodford (Remuneration Committee Chair) Paula Robertson (Company Secretary) | 01228 554 600 |