Carr's Group PLC Result of Annual General Meeting (4436L)

TIDMCARR

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     Number       % of       Number      Total 
                                 of votes     votes    of votes     votes      of votes    votes 
                                 for          for      against      against    withheld    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                       Tel: [phone] 
 Matthew Ratcliffe, Company Secretary 
 

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 [e-mail] 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

(END) Dow Jones Newswires

January 12, 2021 10:34 ET (15:34 GMT)