TIDMCPR

RNS Number : 7684K

Carpetright PLC

11 July 2017

11 July 2017

Carpetright plc

GRANT OF OPTIONS UNDER THE 2013 LONG TERM INCENTIVE PLAN ("the Plan")

The July 2017 awards under the Plan were made today to the following Directors, over ordinary shares of 1p each in Carpetright plc as follows:

 
 Name      Director/PDMR           Options of 
                                the following 
                             number of Shares 
 
 W Walsh      Director                364,285 
 N Page       Director                198,412 
 

The price used to determine the value of the awards was GBP1.89 per share, being the average of the middle market quotation for Carpetright shares as derived from the LSE Daily Official List for the 5 trading days prior to the date of the award. The awards will vest, subject to the terms of the Plan (including the performance condition being met), in July 2020.

The performance condition relative to the awards is as follows:

 
 Cumulative Underlying 
    EPS over the three 
       financial years    % of Award that Vests 
      ending 2018,2019      (on a straight line 
              and 2020    basis between points) 
----------------------  ----------------------- 
       Less than 64.8p                       0% 
----------------------  ----------------------- 
                 64.8p                      25% 
----------------------  ----------------------- 
                 79.2p                     100% 
----------------------  ----------------------- 
 

Formal notification of the dealings is set out below:

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
----  ------------------------------------------------------------------------------- 
 a)    Name                                Wilf Walsh 
----  ----------------------------------  ------------------------------------------- 
 2     Reason for the notification 
----  ------------------------------------------------------------------------------- 
 a)    Position/status                     Chief Executive 
----  ----------------------------------  ------------------------------------------- 
 b)    Initial notification                Initial notification 
        /Amendment 
----  ----------------------------------  ------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
----  ------------------------------------------------------------------------------- 
 a)    Name                                Carpetright plc 
----  ----------------------------------  ------------------------------------------- 
 b)    LEI                                 213800GO32BSNNHXID90 
----  ----------------------------------  ------------------------------------------- 
 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                  Ordinary Shares 
        financial instrument, 
        type of instrument 
---- 
 
       Identification code                 GB0001772945 
 
 b)    Nature of the transaction           Grant of options under the Long Term 
                                            Incentive Plan 
----  ----------------------------------  ------------------------------------------- 
 c)    Price(s) and volume(s) 
----                                       -------------------------  ------------- 
                                            Option Price(s)            Volume(s) 
----                                       -------------------------  ------------- 
    GBP0                                                               364,285 
   -----------------------------------------------------------------  ------------- 
 
 d)    Aggregated information 
---- 
 
  - Aggregated volume                 364,285 
 
  - Price                             Option price GBP0 
 
 e)    Date of the transaction             11 July 2017 
----  ----------------------------------  ------------------------------------------- 
 f)    Place of the transaction            Outside a trading venue 
----  ----------------------------------  ------------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
----  ------------------------------------------------------------------------------- 
 a)    Name                                Neil Page 
----  ----------------------------------  ------------------------------------------- 
 2     Reason for the notification 
----  ------------------------------------------------------------------------------- 
 a)    Position/status                     Chief Financial Officer 
----  ----------------------------------  ------------------------------------------- 
 b)    Initial notification                Initial notification 
        /Amendment 
----  ----------------------------------  ------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
----  ------------------------------------------------------------------------------- 
 a)    Name                                Carpetright plc 
----  ----------------------------------  ------------------------------------------- 
 b)    LEI                                 213800GO32BSNNHXID90 
----  ----------------------------------  ------------------------------------------- 
 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                  Ordinary Shares 
        financial instrument, 
        type of instrument 
---- 
 
       Identification code                 GB0001772945 
 
 b)    Nature of the transaction           Grant of options under the Long Term 
                                            Incentive Plan 
----  ----------------------------------  ------------------------------------------- 
 c)    Price(s) and volume(s) 
----                                       -------------------------  ------------- 
                                            Option Price(s)            Volume(s) 
----                                       -------------------------  ------------- 
    GBP0                                                               198,412 
   -----------------------------------------------------------------  ------------- 
 
 d)    Aggregated information 
---- 
 
  - Aggregated volume                 198,412 
 
  - Price                             Option price GBP0 
 
 e)    Date of the transaction             11 July 2017 
----  ----------------------------------  ------------------------------------------- 
 f)    Place of the transaction            Outside a trading venue 
----  ----------------------------------  ------------------------------------------- 
 

Z Dolan

01708 802000

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHUAVVRBSABAAR

(END) Dow Jones Newswires

July 11, 2017 11:55 ET (15:55 GMT)

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