Carr's Group PLC Director/PDMR Shareholding (6240Y)
05 Mai 2023 - 2:26PM
UK Regulatory
TIDMCARR
RNS Number : 6240Y
Carr's Group PLC
05 May 2023
Carr's Group plc
("Carr's", the "Company", or the "Group")
Director/PDMR Shareholdings
Carr's (CARR.L), the Speciality Agriculture and Engineering
Group, announces that the following awards of options ("Options")
were made on 4 May 2023 ("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
Peter Page 438,347
David White 182,573
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 2022/23, 2023/24 and 2024/25
("Performance Period") as follows:
Adjusted EPS (75% weighting)
Threshold Maximum
Target 5% average annual 14% average annual
growth in adjusted growth in adjusted
EPS EPS
-------------------- --------------------
Vesting 25% 100%
-------------------- --------------------
TSR (25% weighting)
Threshold Maximum
Target 7% compound annual 16% compound annual
growth in TSR 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 10.0p. 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 1. Peter Page
2. David White
-----------------------------------
2 . Reason for the notification
a) Position/status 1. Chief Executive Officer
2. Chief Financial 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 Ordinary Shares of GBP0.025
instrument, type of instrument 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) Volume(s)
1. Nil-Cost 438,347
2. Nil-Cost 182,573
------------------- --------------
e) Aggregated information: N/A
i. Aggregated volume
ii. price
-----------------------------------
f) Date of the transaction 4 May 2023
-----------------------------------
g) Place of the transaction Outside trading venue
-----------------------------------
Enquiries:
Carr's Group plc
Ian Wood (Remuneration Committee Chair)
Matthew Ratcliffe (Company Secretary) 01228 554 600
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END
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May 05, 2023 08:26 ET (12:26 GMT)
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