Publication of Circular and Notice of General Meeting

31 August 2022

Carr's Group plc announces that, further to today's earlier announcement in relation to the Company's proposed disposal of its interests in the Agricultural Supplies Division (the "Disposal"), a circular relating to the Disposal (the "Circular") has been approved by the Financial Conduct Authority and is being published today.

The Circular contains further details of the Disposal and, since the Disposal is conditional upon the approval of the Company's Shareholders, also contains a notice of general meeting (the "General Meeting") of the Company, which is to be held at 9:30 a.m. on 19 September 2022 at Hotel Sofitel London Heathrow, Terminal 5 London Heathrow Airport, London TW6 2GD. An ordinary resolution relating to the Disposal will be proposed to the Company's Shareholders at the General Meeting.

The Board expects that, subject to the satisfaction and/or waiver (where applicable) of the conditions precedent to the Transaction, Completion will occur before the end of October 2022.

The Company confirms that, in compliance with Listing Rule 9.6.1, an electronic copy of the Circular is available for download on the Company's website ( and has been submitted to the National Storage Mechanism and is available for inspection at The Circular is expected to be posted to Shareholders on 1 September 2022.

Capitalised terms in this announcement shall, unless otherwise defined, have the same meanings as set out in the Company's announcement earlier today.



Carr's Group plc

+44 (0) 1228 554 600

Peter Page (Chief Executive Officer)

Neil Austin (Chief Financial Officer)


Investec Bank plc (Sponsor and Corporate Broker)

+44 (0) 20 7597 5970

Carlton Nelson / David Anderson / William Brinkley



Powerscourt (Financial PR)

+44 (0) 20 7250 1446

Nick Dibden / Nick Hayns / Sam Austrums


Important Notice

This announcement has been issued by, and is the sole responsibility of, Carr's Group plc. No representation or warranty, express or implied, is or will be made by, or in relation to, and no responsibility or liability is or will be accepted by any adviser to the Company or by any of their respective affiliates or agents as to or in relation to the accuracy or completeness of this announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any responsibility or liability therefore is expressly disclaimed.

Investec Bank plc, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom, is acting exclusively for Carr's Group plc and for no one else in connection with the subject matter of this announcement and will not be responsible to anyone other than Carr's Group plc for providing the protections afforded to its clients or for providing advice in connection with the subject matter of this announcement.

Save for the responsibilities and liabilities, if any, of Investec under the Financial Services and Markets Act 2000, as amended, or the regulatory regime established thereunder, Investec assumes no responsibility whatsoever and makes no representations or warranties, express or implied, in relation to the contents of this announcement, including its accuracy, completeness or verification or for any other statement made or purported to be made by the Company, or on the Company's behalf, or by Investec or on Investec's behalf and nothing contained in this announcement is, or shall be, relied on as a promise or representation in this respect, whether as to the past or the future, in connection with the Company or the transaction. Investec disclaims to the fullest extent permitted by law all and any responsibility and liability whether arising in tort, contract or otherwise which it might otherwise be found to have in respect of this announcement or any such statement.

The contents of this announcement do not constitute or form part of an offer of or invitation to sell or issue or any solicitation of any offer to purchase or subscribe for any securities for sale in any jurisdiction nor shall they (or any part of them) or the fact of their distribution form the basis of, or be relied upon in connection with, or act as an inducement to enter into, any contract or commitment to do so.

This announcement includes statements that are, or may be deemed to be, forward-looking statements, beliefs or opinions, including statements with respect to the Company's business, financial condition and results of operations. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "plans", "anticipates", "targets", "aims", "continues", "expects", "intends", "hopes", "may", "will", "would", "could" or "should" or, in each case, their negative or other various or comparable terminology. These statements are made by the Company's directors in good faith based on the information available to them at the date of this announcement and reflect the Company's directors' beliefs and expectations. By their nature these statements involve risk and uncertainty because they relate to events and depend on circumstances that may or may not occur in the future. A number of factors could cause actual results and developments to differ materially from those expressed or implied by the forward-looking statements. No representation or warranty is made that any of these statements or forecasts will come to pass or that any forecast results will be achieved. Forward-looking statements speak only as at the date of this announcement and the Company and its advisers expressly disclaim any obligations or undertaking to release any update of, or revisions to, any forward-looking statements in this announcement. As a result, you are cautioned not to place any undue reliance on such forward-looking statements.

Nothing in this announcement is intended as a profit forecast or estimate for any period and no statement in this announcement should be interpreted to mean that earnings or earnings per share or dividend per share for the Company for the current or future financial years would necessarily match or exceed the historical published earnings or earnings per share or dividend per share for the Company.