Offer Closing Date

Dow Jones

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Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Coats	LSE:CO.	London	Ordinary Share	GB0009270579	Ord 20p

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00	0.00%							0.00	-

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
	0	0		N/A	0

Offer Closing Date

23/05/2003 11:31am

UK Regulatory

RNS Number:4873L
GPG (UK) Holdings PLC
23 May 2003


For immediate release

Not for release, publication or distribution in whole or in part in or into the
                   United States, Canada, Japan or Australia


                                                                    23 May, 2003

        CASH OFFER BY AVENUE ACQUISITION PLC ("AVENUE ACQUISITION") 
                        FOR COATS PLC ("COATS")
                          "Offer Closing Date"


The board of Avenue Acquisition announces that:


* the recommended cash offer for the ordinary shares of Coats; and
* the cash offer for Coats' senior convertible bonds due 2003;


made by Strand Partners on behalf of Avenue Acquisition, will, in accordance
with paragraph 2(b) of the of the further terms of the Offers as set out in Part
A of Appendix I to the Offer Document, close on 9 June, 2003.


END






                      This information is provided by RNS
            The company news service from the London Stock Exchange

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