CARR'S GROUP PLC — Remuneration Information 2025

Jan 30, 2025

National Storage Mechanism | Additional information

RNS Number : 3587V

Carr's Group PLC

30 January 2025

30 January 2025

Carr's Group plc

("Carr's", the "Company", or the "Group")

Directors' Remuneration Report - Correction

Further to the publication of the Company's Annual Report and Accounts for the year ended 31 August 2024, the Company advises that the Remuneration Committee Report contains errors regarding the CEO's pay.  There is no impact on the Company's profit, balance sheet, earnings per share or other financial information in the Accounts. 

David White's bonus of £79,854.25 for FY24 was correctly stated on page 103, however, the table on page 101 erroneously states that his bonus was £17,000, and thus his total remuneration £327,000.  The corrected extract of the table is below.

£'000	Salary/Fees		Benefits		Pension		Total fixed pay		Bonus		LTIP		Total variable pay		Total remuneration
	FY24	FY23	FY24	FY23	FY24	FY23	FY24	FY23	FY24	FY23	FY24	FY23	FY24	FY23	FY24	FY23
Executive Directors
David White 1	290	142	9	1	12	10	311	153	80	22	-	-	80	22	391	175

Consequently, the information in the final table on page 107 (Assessing Pay and Performance) has also been corrected as per the extract below, with footnote 6 being replaced by the following: "As CEO from 17 November 2023.  Figures above represent tenure as CEO only.".

	FY15 Tim Davies	FY16 Tim Davies	FY17 Tim Davies	FY18 Tim Davies	FY19 Tim Davies	FY20 Tim Davies	FY21 Tim Davies	FY21 Hugh Pelham1	FY22 Hugh Pelham2	FY22 Peter Page3	FY23 Peter Page4	FY24 Peter Page5	FY24 David White6
Single figure of total remuneration	911	531	308	861	764	508	259	244	210	312	368	475	322
Annual variable element (actual award versus maximum opportunity)	100%	55%	0%	100%	60.41%	15%	100%	0%	N/A	0%	0%	0%	25%

In addition, the information in the first table on page 108 (Change in Directors' Remuneration) has also been corrected as per the extracts below, with footnote 1 being replaced by the following: "David White was CFO from 21 February 2023 until 17 November 2023 and CEO from 17 November 2023 (figures are on an annualised basis). No comparatives exist in respect of CEO benefits and bonus for FY24 as former CEO, Peter Page, did not receive any benefits or bonus in FY23.".

	Base pay/fees	Benefits	Annual bonus
Current Directors*
David White1 (CFO)	5%	0%	180%
David White1 (CEO)	-13%	N/A	N/A

	Base pay/fees	Benefits	Annual bonus
Other UK employees	5%	N/A	-4%

An updated version of the Company's FY24 Annual Report and Accounts will be available on the Company's website at  www.carrsgroup-ir.com   and will be submitted to the National Storage Mechanism at  https://data.fca.org.uk/#/nsm/nationalstoragemechanism

Enquiries:

Carr's Group plc Justin Richards (Company Secretary)	01228 554 600

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