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Carr's Group plc announced on 26 October 2022 the completion of the disposal of its interests in the Agricultural Supplies Division. The Company received initial cash proceeds of £24.7 million, with the consideration remaining subject to final adjustments.
| Date | 26 Oct 2022 |
| Time | 12:00:45 |
| Category | Disposals |
| ID | 2122E |
FOR IMMEDIATE RELEASE
26 October 2022
Carr's Group plc
(the "Company")
Completion of disposal of interests in Agricultural Supplies Division
Further to the announcements on 31 August 2022 and 19 September 2022, the Company confirms that the disposal of its interests in the Agricultural Supplies Division has now completed. The initial cash proceeds received were £24.7m following certain working capital adjustments since the announcement on 31 August 2022. The consideration receivable remains subject to any final adjustments once the completion accounts mechanism is finalised.
Capitalised terms in this announcement shall, unless otherwise defined, have the same meanings as set out in the Company's announcement on 31 August 2022.
Enquiries:
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Carr's Group plc |
+44 (0) 1228 554 600 |
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Peter Page (Executive Chairman) |
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Neil Austin (Chief Financial Officer) |
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Investec Bank plc (Sponsor and Corporate Broker) |
+44 (0) 20 7597 5970 |
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Carlton Nelson / David Anderson / William Brinkley |
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Powerscourt (Financial PR) |
+44 (0) 20 7250 1446 |
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Nick Dibden / Nick Hayns / Sam Austrums |
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