CARR'S GROUP PLC — Remuneration Information 2021

Dec 13, 2021

National Storage Mechanism | Additional information

RNS Number : 4883V

Carr's Group PLC

13 December 2021

Carr's Group plc

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

Director/PDMR Shareholdings

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"):

PDMR	Number of Ordinary Shares
Neil Austin	169,550
Matthew Ratcliffe	39,736

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:

	Threshold	Maximum
Target	Average annual growth in Adjusted EPS of 3%	Average annual growth in adjusted EPS of 10%
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 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) Name

1. Neil Austin

2. Matthew Ratcliffe

2	. Reason for the notification

a) Position/status

1. Chief Financial Officer

2. 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 2013

d) Price(s) and Volume(s)

Price(s)                              

1. £0.025 Ordinary Shares

2. £0.025 Ordinary Shares

Volume(s)

169,550

39,736

e) Aggregated information:

i. Aggregated volume

ii. price

N/A

f)    Date of the transaction

10 December 2021

g)   Place of the transaction

Outside a trading venue

Enquiries:

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

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