CARR'S GROUP PLC — Remuneration Information 2025

Jan 23, 2025

National Storage Mechanism | Additional information

RNS Number : 5114U

Carr's Group PLC

23 January 2025

23 January 2025

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 21 January 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
David White	254,592

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 Total Shareholder Return ("TSR") 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%

TSR (25% weighting)

	Threshold	Maximum
Target	7% compound annual growth in TSR	16% compound annual growth in TSR
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.  Growth in TSR is measured by comparing the Company's average TSR over each of the three-month periods ending on: (i) the day before the start of the Performance Period; and (ii) the final day of the Performance Period.

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

David White

2	. Reason for the notification

a) Position/status

Chief Executive Officer

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)

254,592

e) Aggregated information:

i. Aggregated volume

ii. price

N/A

f)    Date of the transaction

21 January 2025

g)   Place of the transaction

Outside trading venue

Enquiries:

Carr's Group plc Fiona Rodford (Remuneration Committee Chair) Justin Richards (Company Secretary)	01228 554 600

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHSEDFMDEISEFF