Coats Group PLC Result of AGM (9956L)

TIDMCOA

RNS Number : 9956L

Coats Group PLC

18 May 2022

18 May 2022

Coats Group plc

('Coats' or the 'Company')

Results of the Annual General Meeting ("AGM")

Coats announces that at the AGM, held at FTI Consulting, 200 Aldersgate, Aldersgate Street, London EC1A 4HD on 18 May 2022, all the resolutions put to the meeting were duly passed by way of a poll vote by the requisite majority.

Proxy votes were received from shareholders in respect of 85% of the issued share capital. The total number of ordinary shares in issue in relation to the AGM is 1,452,570,385.

The following table shows the proxy votes cast on each resolution:

 
          Resolution                 Total Votes             Total Votes         Votes 
                                          For                  Against          Withheld 
                                                  %                      % 
       ----------------------  --------------  -------  ------------  ------  ---------- 
        Receipt of Annual 
  1      Report 2021            1,235,546,967   100.00         1,744    0.00   1,218,327 
       ----------------------  --------------  -------  ------------  ------  ---------- 
        Approval of 
         Remuneration 
  2      Report                 1,195,752,385    96.69    40,978,595    3.31      36,058 
       ----------------------  --------------  -------  ------------  ------  ---------- 
        Approval of 
  3      dividend               1,236,749,478   100.00        13,310    0.00       4,250 
       ----------------------  --------------  -------  ------------  ------  ---------- 
        Re-election 
         of Nicholas 
  4      Bull                   1,194,916,081    96.62    41,750,107    3.38     100,850 
       ----------------------  --------------  -------  ------------  ------  ---------- 
        Re-election 
         of Jacqueline 
  5      Callaway               1,221,820,798    98.80    14,858,319    1.20      87,921 
       ----------------------  --------------  -------  ------------  ------  ---------- 
  6                                   RESOLUTION WITHDRAWN 
       --------------------------------------------------------------------------------- 
        Re-election 
  7      of David Gosnell       1,230,438,831    99.49     6,245,858    0.51      82,349 
       ----------------------  --------------  -------  ------------  ------  ---------- 
        Re-election 
         of Hongyan Echo 
  8      Lu                     1,199,528,097    97.00    37,149,035    3.00      89,906 
       ----------------------  --------------  -------  ------------  ------  ---------- 
        Re-election 
  9      of Fran Philip         1,199,543,968    97.00    37,134,035    3.00      89,035 
       ----------------------  --------------  -------  ------------  ------  ---------- 
        Re-election 
  10     of Rajiv Sharma        1,236,633,358   100.00        51,331    0.00      82,349 
       ----------------------  --------------  -------  ------------  ------  ---------- 
        Re-election 
  11     of Jakob Sigurdsson    1,236,668,895   100.00         7,123    0.00      91,020 
       ----------------------  --------------  -------  ------------  ------  ---------- 
        Reappointment 
  12     of Auditor             1,205,677,805    97.49    31,044,935    2.51      44,298 
       ----------------------  --------------  -------  ------------  ------  ---------- 
        Approval of 
   13    Auditor remuneration   1,209,229,393    97.77    27,529,987    2.23       7,658 
       ----------------------  --------------  -------  ------------  ------  ---------- 
        Authority to 
         allot relevant 
  14     securities             1,106,650,213    89.74   126,582,302   10.26   3,534,523 
       ----------------------  --------------  -------  ------------  ------  ---------- 
        Authority to 
         disapply pre-emption 
  15     rights                 1,233,775,018    99.76     2,967,735    0.24      24,285 
       ----------------------  --------------  -------  ------------  ------  ---------- 
        Authority to 
         disapply pre-emption 
         rights in connection 
         with acquisitions 
         and specified 
  16     capital investments    1,155,567,825    93.44    81,174,928    6.56      24,285 
       ----------------------  --------------  -------  ------------  ------  ---------- 
        Authority to 
         purchase own 
  17     shares                 1,232,921,697    99.71     3,620,518    0.29     224,823 
       ----------------------  --------------  -------  ------------  ------  ---------- 
        Authority to 
         call general 
         meetings on 
         clear 14 days' 
  18     notice                 1,213,293,214    98.10    23,466,802    1.90       7,022 
       ----------------------  --------------  -------  ------------  ------  ---------- 
 

NB: Percentage of Votes cast excludes Withheld votes; rounded to two decimal places. Any proxy appointments which gave discretion to the Chairman 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 .

Resolution 6 (re-election of Anne Fahy as a Director) was withdrawn by the Company on 3 May 2022, as announced by the Company on that day. Anne Fahy resigned with effect from 18 May 2022.

Further details of the resolutions (including the text of the resolutions) are given in the Notice of the 2022 Annual General Meeting which is available on the Company's website.

Stuart Morgan

Company Secretary

18 May 2022

 
 
   Enquiry details 
                                   Coats Group    [phone] 
 Investors            Nick Kidd     plc            5090 
 
 

About Coats Group plc

Coats is the world's leading industrial thread company. At home in some 50 countries, Coats has a workforce of over 18,000 people across six continents. Revenues in 2021 were US$1.5bn. Coats provides complementary and value-adding products, services and software solutions to the apparel and footwear industries. It also applies innovative techniques to develop high technology performance materials threads, yarns, fabrics and composites in areas like personal protection, telecoms, energy, transportation, and household and recreation. Headquartered in the UK, Coats is a constituent of the FTSE 250 and FTSE4Good Index Series. It is a participant in the UN Global Compact, a member of the Ellen MacArthur Foundation, has approved short term Science Based Targets to 2030 and is committed to developing a long-term target to reach net-zero emissions by 2050, the highest level of ambition on climate change under the Science Based Target initiative. The pioneering history and innovative culture of Coats enable the delivery of its purpose to connect talent, textiles and technology to make a better and more sustainable world. For further information go to www.coats.com .

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