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
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Enquiries |
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| Investors | Chris Dyett | Coats Group | +44 (0)797 497 4690 |
| Media | Richard Mountain / Nick Hasell | FTI Consulting | +44 (0)20 3727 1374 |
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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.
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