22 May 2024
Coats Group
plc
('Coats'
or the 'Company')
Results of the Annual General
Meeting ('AGM')
Coats announces that at the AGM,
held in London on 22 May 2024, all the resolutions put to the
meeting were duly passed by way of a poll vote by the requisite
majority. Resolutions 1 to 16 were passed
as ordinary resolutions; resolutions 17 to 20 were passed as
special resolutions.
Proxy votes were received from
shareholders in respect of 88% of the issued share capital. The
total number of ordinary shares in issue in relation to the AGM is
1,597,810,385.
The following table shows the proxy
votes cast on each resolution:
|
Resolution
|
Total Votes
For
|
Total Votes
Against
|
Votes
Withheld
|
|
Votes
|
%
|
Votes
|
%
|
Votes
|
|
1
|
Receipt of Annual Report
2023
|
1,386,293,294
|
99.31%
|
9,590,653
|
0.69%
|
4,431,156
|
|
2
|
Approval of Remuneration
Report
|
1,393,057,196
|
99.49%
|
7,147,109
|
0.51%
|
110,713
|
|
3
|
Approval of dividend
|
1,390,715,866
|
99.32%
|
9,589,986
|
0.68%
|
9,251
|
|
4
|
Re-election of Jacqueline
Callaway
|
1,382,832,098
|
98.75%
|
17,436,672
|
1.25%
|
46,333
|
|
5
|
Re-election of David
Gosnell
|
1,335,292,198
|
95.36%
|
64,925,898
|
4.64%
|
97,007
|
|
6
|
Re-election of Hongyan Echo
Lu
|
1,386,528,788
|
99.02%
|
13,715,435
|
0.98%
|
70,877
|
|
7
|
Re-election of Stephen
Murray
|
1,390,576,867
|
99.31%
|
9,641,401
|
0.69%
|
96,835
|
|
8
|
Re-election of Frances
Philip
|
1,382,118,454
|
98.71%
|
18,099,140
|
1.29%
|
97,509
|
|
9
|
Re-election of Rajiv
Sharma
|
1,382,298,080
|
98.72%
|
17,970,690
|
1.28%
|
46,333
|
|
10
|
Re-election of Jakob
Sigurdsson
|
1,390,627,217
|
99.31%
|
9,591,553
|
0.69%
|
96,333
|
|
11
|
Election of Sarah
Highfield
|
1,391,781,656
|
99.39%
|
8,488,810
|
0.61%
|
44,637
|
|
12
|
Re-appointment of Auditor
|
1,395,124,136
|
99.63%
|
5,140,515
|
0.37%
|
50,452
|
|
13
|
Approval of Auditor
remuneration
|
1,399,109,735
|
99.92%
|
1,148,021
|
0.08%
|
57,347
|
|
14
|
Authority to allot relevant
securities
|
1,268,910,133
|
90.62%
|
131,397,485
|
9.38%
|
7,485
|
|
15
|
Approval of the Coats Group plc Long
Term
Incentive Plan ('LTIP')
|
1,395,379,416
|
99.65%
|
4,895,623
|
0.35%
|
40,064
|
|
16
|
Approval of the Coats Group plc
Deferred Annual
Bonus Plan ('DABP')
|
1,399,654,675
|
99.96%
|
620,917
|
0.04%
|
38,511
|
|
17
|
Authority to disapply pre-emption
rights
|
1,341,091,833
|
95.78%
|
59,147,445
|
4.22%
|
60,825
|
|
18
|
Authority to disapply pre-emption
rights in connection with acquisitions and specified capital
investments
|
1,338,641,808
|
95.60%
|
61,622,467
|
4.40%
|
50,828
|
|
19
|
Authority to purchase own
shares
|
1,383,952,636
|
98.85%
|
16,140,081
|
1.15%
|
222,386
|
|
20
|
Authority to call general meetings
on 14 clear days' notice
|
1,389,618,378
|
99.24%
|
10,644,645
|
0.76%
|
52,080
|
Notes to the resolutions:
i. Percentage of Votes cast excludes Withheld votes; rounded to
two decimal places. Any proxy appointments which gave discretion to
the Chair have been included in the "for" column. A copy of the
resolutions other than those resolutions comprising ordinary
business passed at the AGM has been uploaded to the National
Storage Mechanism and will shortly be available for inspection
at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
ii.
Nicholas Bull did not stand for re-election and
retired from the Board following the conclusion of the
AGM.
Further details of the resolutions
(including the text of the resolutions) are given in the Notice of
the 2024 Annual General Meeting which is available on the Company's
website.
Company Official Responsible for
making this notification:
Stuart Morgan
Company Secretary
22 May 2024
LEI: 2138003SPYWGAITNFY17
|
Enquiries
|
|
|
|
|
Investors
|
Chris Dyett
|
Coats Group
|
+44 (0)797 497 4690
|
|
Media
|
Richard Mountain /
Nick Hasell
|
FTI Consulting
|
+44 (0)20 3727 1374
|
|
|
|
|
|
About Coats Group plc
Coats is a world leader in thread
manufacturing and structural components for apparel and footwear,
as well as an innovative pioneer in performance materials. These
critical solutions are used to create a wide range of products,
including ones that provide safety and protection for people, data
and the environment. Headquartered in the UK, Coats is a FTSE250
company and a FTSE4Good Index constituent. Revenue in 2023 was $1.4
billion.
Trusted by the world's leading
companies to deliver crucial, innovative, and sustainable
solutions, Coats provides value-adding products including apparel,
accessory and footwear threads, structural footwear components,
fabrics, yarns and software applications. Customer partners include
companies from the apparel, footwear, automotive, telecoms,
personal protection, and outdoor goods industries.
With a proud heritage dating back
more than 250 years and spirit of evolution to constantly stay
ahead of changing market needs, Coats has operations across some 50
countries with a permanent workforce of more than 15,000, serving
its customers worldwide.
Coats connects talent, textiles, and
technology, to make a better and more sustainable world. Worldwide,
there are four dedicated Coats Innovation Hubs, where experts
collaborate with partners to create the materials and products of
tomorrow. It participates in the UN Global Compact and is committed
to Science Based sustainability targets for 2030 and beyond, with
an aspiration of achieving net-zero by 2050. Coats is also
committed to achieving its goals in Diversity, Equity &
Inclusion, workplace health & safety, employee & community
wellbeing, and supplier social performance. To find out more about
Coats visit www.coats.com.