REG - Carr's Group PLC - Director/PDMR Shareholding

Carr'sAnnouncement

09/05/2025 15:45

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RNS Number : 1379I  Carr's Group PLC  09 May 2025

 

9 May 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 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):

 

 1  . Details of the person discharging managerial responsibilities/person closely
   associated
 a) Name                                                         Paula Robertson
 2  . Reason for the notification
 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)                                                              Volume(s)

                                                                 1. Nil-Cost                                                           28,488
 e) Aggregated information:                                      N/A

 i. Aggregated volume

 ii. price
 f)    Date of the transaction                                   8 May 2025
 g)   Place of the transaction                                   Outside trading venue

a) Name

Paula Robertson

 2  . Reason for the notification

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                               01228 554 600

Fiona Rodford (Remuneration Committee Chair)

 Paula Robertson (Company Secretary)

 

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