CARR'S GROUP PLC — M&A Activity 2022

Oct 26, 2022

National Storage Mechanism | Additional information

RNS Number : 2122E

Carr's Group PLC

26 October 2022

FOR IMMEDIATE RELEASE

26 October 2022

Carr's Group plc

(the "Company")

Completion of disposal of interests in Agricultural Supplies Division

Further to the announcements on 31 August 2022 and 19 September 2022, the Company confirms that the disposal of its interests in the Agricultural Supplies Division has now completed. The initial cash proceeds received were £24.7m following certain working capital adjustments since the announcement on 31 August 2022. The consideration receivable remains subject to any final adjustments once the completion accounts mechanism is finalised.

Capitalised terms in this announcement shall, unless otherwise defined, have the same meanings as set out in the Company's announcement on 31 August 2022.

Enquiries:

Carr's Group plc	+44 (0) 1228 554 600
Peter Page (Executive Chairman)
Neil Austin (Chief Financial Officer)
Investec Bank plc (Sponsor and Corporate Broker)	+44 (0) 20 7597 5970
Carlton Nelson / David Anderson / William Brinkley
Powerscourt (Financial PR)	+44 (0) 20 7250 1446
Nick Dibden / Nick Hayns / Sam Austrums

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