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: +44 (0) 1228 554 600
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.
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