Notification of transactions by Persons Discharging Management Responsibilities ("PDMRs")
10 February 2014
Carr's (CRM.L), the agriculture, food and engineering group, announces the following awards of options over ordinary shares in the Company of 25p each ("Ordinary Shares") to certain PDMRs.
Awards under the Company's Long Term Incentive Plan 2013 (the "LTIP")
On 1 May 2013 and on 11 November 2013 (the "Award Dates"), 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.
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:
1 May 2013 Award
| Name | Number of Ordinary Shares subject to the Award |
| Tim Davies | 19,011 |
| Neil Austin | 14,068 |
11 November 2013 Award
| Name | Number of Ordinary Shares subject to the award |
| Tim Davies | 15,226 |
| Neil Austin | 11,267 |
| Katie Sinclair | 2,436 |
| Ellen Smith | 2,193 |
The above notification is intended to satisfy the Company's obligations under Disclosure and Transparency Rule 3.1.4.
Enquiries:
| Katie Sinclair (Company Secretary) | 01228-554 600 |
| Powerscourt Nick Dibden Sophie Moate |
020-7250 1446 [email protected] |