CARR'S GROUP PLC — AGM Information 2021

Jan 12, 2021

National Storage Mechanism | Additional information

RNS Number : 4436L

Carr's Group PLC

12 January 2021

CARR'S GROUP PLC ("Carr's" or the "Group")

Result of Annual General Meeting

Carr's (CARR.L), the Agriculture and Engineering Group, confirms that all resolutions proposed at its Annual General Meeting ("AGM") held at 11:30am today, 12 January 2021, were passed by shareholders.

Due to Government measures taken in response to the COVID-19 pandemic, the AGM was held as a closed meeting. Shareholders were encouraged to vote by proxy, and to submit any questions in advance of the meeting by email. Copies of the questions received by shareholders, together with responses, will be published in writing on the Company's website. Such questions will also be addressed in the Company's broadcast which is expected to be released on the Company's website later today at https://www.carrsgroup-ir.com/.

All resolutions were put to the meeting and approved on a poll, and the results are set out below. Votes withheld do not count in the number of votes counted for or against a resolution.

Resolution	Number of votes for	% of votes for	Number of votes against	% of votes against	Number of votes withheld	Total votes cast
1. Receive Annual Report and Accounts	48,332,849	99.97	14,694	0.03	0	48,347,543
2. Declare final dividend	48,347,544	100.00	0	0	0	48,347,544
3. Re-elect Peter Page	47,113,046	97.46	1,226,513	2.54	7,984	48,347,543
4. Elect Hugh Pelham	48,263,640	99.86	67,270	0.14	16,634	48,347,544
5. Re-elect Neil Austin	48,303,596	99.93	35,964	0.07	7,984	48,347,544
6. Re-elect Alistair Wannop	47,016,481	97.26	1,323,079	2.74	7,984	48,347,544
7. Re-elect John Worby	47,120,347	97.48	1,219,213	2.52	7,984	48,347,544
8. Re-elect Ian Wood	47,109,473	97.46	1,230,087	2.54	7,984	48,347,544
9. Elect Kristen Eshak Weldon	48,243,856	99.81	93,411	0.19	10,277	48,347,544
10. Re-appoint KPMG LLP as Auditor	48,145,735	99.62	184,688	0.38	17,121	48,347,544
11. Authorise remuneration of Auditor	48,300,748	99.92	38,339	0.08	8,457	48,347,544
12. Approve Remuneration Policy	48,147,902	99.67	160,664	0.33	38,977	48,347,543
13. Approve Remuneration Report	26,350,202	54.53	21,972,845	45.47	24,496	48,347,543
14. Authorise allotment of shares	48,110,157	99.63	176,747	0.37	60,640	48,347,544
15. Disapply pre-emption (general)	48,038,080	99.42	277,974	0.58	31,490	48,347,544
16. Disapply pre-emption (investments)	48,050,152	99.45	265,901	0.55	31,490	48,347,543
17. Authorise purchase of own shares	48,175,303	99.67	157,483	0.33	14,757	48,347,543
18. Meetings on 14 days' notice	48,202,039	99.72	133,505	0.28	12,000	48,347,544

The Board notes that although resolution 13, to approve the Directors' Remuneration Report, was passed, 45.47% of votes cast were against.  During 2020, the Remuneration Committee wrote to the Company's largest shareholders in relation to proposed changes to its Remuneration Policy and a review, supported by benchmarking, of the base salaries of the Company's Executive Directors. The Company also engaged directly with a number of shareholders prior to the AGM. The Company notes that its revised Remuneration Policy has been approved with overwhelming support (resolution 12 above). The Company will consult further with shareholders to better understand their views and provide an update within six months as required by the Corporate Governance Code 2018.

The total number of votes cast was 48,347,544 which represents 52% of the Company's shareholders.  The Board is always open to constructive dialogue with shareholders and is grateful to all those who took the time to consider and vote on the resolutions proposed.

In accordance with Listing Rule 9.6.3R of the UK Financial Conduct Authority (FCA), a copy of the resolutions passed as Special Business at the AGM have been submitted to the UK Listing Authority and will be available for public inspection at the National Storage Mechanism (NSM) https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Enquiries:

Carr's Group plc Matthew Ratcliffe, Company Secretary	Tel: +44 (0) 1228 554 600

About Carr's Group plc:

Carr's is an international leader in manufacturing value added products and solutions, with market leading brands and robust market positions in Agriculture and Engineering, supplying customers in over 50 countries around the world.

Its Agriculture division manufactures and supplies feed blocks and supplementation products for livestock, distributes farm machinery and runs a UK network of rural stores, providing a one-stop shop for the farming community. Its Engineering division designs and manufactures bespoke equipment and provides technical engineering services into the nuclear, petrochemical, oil and gas, pharmaceutical, process and renewable energy industries, including robotic and remote handling equipment.

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

RAGGPUMAGUPGGCP