REG - Coats Group PLC - Result of AGM

CoatsAnnouncement

22/05/2024 16:45

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RNS Number : 5259P  Coats Group PLC  22 May 2024

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                                      1,395,379,416   99.65%     4,895,623     0.35%        40,064

         Incentive Plan ('LTIP')
 16      Approval of the Coats Group plc Deferred Annual                                1,399,654,675   99.96%     620,917       0.04%        38,511

         Bonus Plan ('DABP')
 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   1,338,641,808   95.60%     61,622,467    4.40%        50,828
         specified capital investments
 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
(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 /  FTI Consulting  +44 (0)20 3727 1374

             Nick Hasell

 

 

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 (http://www.coats.com) .

 

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