Carrs Group Regulatory News (CARR)

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.