CARR'S GROUP PLC — Remuneration Information 2017

Dec 22, 2017

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RNS Number : 2598A

Carr's Group PLC

22 December 2017

22 December 2017

Carr's Group plc

("Carr's", the "Company", or the "Group")

Director/PDMR Shareholdings

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

Volume(s)

222,818

163,095

35,131

32,258

e) Aggregated information:

i. Aggregated volume

ii. price

N/A

f)  Date of the transaction

Outside trading venue

g) Place of the transaction

Outside trading venue

Enquiries:

Carr's Group plc Matthew Ratcliffe (Company Secretary)	01228 554 600
Powerscourt Nick Dibden Lisa Kavanagh	020 7250 1446 carrs@powerscourt.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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