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RNS Number : 7993Y Carr's Group PLC 01 August 2024
1 August 2024
Carr's Group plc
("Carr's", the "Company", or the "Group")
Results of Annual General Meeting 2024 - Update Statement
At the Company's Annual General Meeting on 20 February 2024, around 44% of
votes cast were against Resolution 17, which sought authority for the Company
to buy up to a maximum of c.10% of its own ordinary shares. Of the votes
cast in respect of Resolution 18, which sought to shorten the notice period
for general meetings of the Company from 21 to 14 clear days, around 44% were
against. Both of these resolutions are consistent with prevailing UK market
practice but as special resolutions, neither was passed.
The Board is grateful for the subsequent engagement with shareholders.
Feeback received focussed on the use of the Company's cash reserves for share
purchases in relation to Resolution 17, and the shortening of time for
shareholders' consideration of the business proposed for a general meeting in
relation to Resolution 18.
The Board remains committed to continuing an open and transparent dialogue
with shareholders and will be cognisant of feedback received when proposing
future resolutions it considers in the best interests of all shareholders.
Enquiries:
Carr's Group plc +44 (0) 1228 554 600
Justin Richards, Company Secretary
FTI Consulting +44 (0) 203 727 1340
Richard Mountain/Ariadna Peretz
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