Result of AGM

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

For

Total Votes

Against

Votes Withheld




%


%


1

Receipt of Annual Report 2021

1,235,546,967

100.00

1,744

0.00

1,218,327

2

Approval of Remuneration Report

1,195,752,385

96.69

40,978,595

3.31

36,058

3

Approval of dividend

1,236,749,478

100.00

13,310

0.00

4,250

4

Re-election of Nicholas Bull

1,194,916,081

96.62

41,750,107

3.38

100,850

5

Re-election of Jacqueline Callaway

1,221,820,798

98.80

14,858,319

1.20

87,921

6

RESOLUTION WITHDRAWN

7

Re-election of David Gosnell

1,230,438,831

99.49

6,245,858

0.51

82,349

8

Re-election of Hongyan Echo Lu

1,199,528,097

97.00

37,149,035

3.00

89,906

9

Re-election of Fran Philip

1,199,543,968

97.00

37,134,035

3.00

89,035

10

Re-election of Rajiv Sharma

1,236,633,358

100.00

51,331

0.00

82,349

11

Re-election of Jakob Sigurdsson

1,236,668,895

100.00

7,123

0.00

91,020

12

Reappointment of Auditor

1,205,677,805

97.49

31,044,935

2.51

44,298

 

13

Approval of Auditor remuneration

1,209,229,393

97.77

27,529,987

2.23

7,658

14

Authority to allot relevant securities

1,106,650,213

89.74

126,582,302

10.26

3,534,523

15

Authority to disapply pre-emption rights

1,233,775,018

99.76

2,967,735

0.24

24,285

16

Authority to disapply pre-emption rights in connection with acquisitions and specified capital investments

1,155,567,825

93.44

81,174,928

6.56

24,285

17

Authority to purchase own shares

1,232,921,697

99.71

3,620,518

0.29

224,823

18

Authority to call general meetings on clear 14 days' 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

 

 

 

 

Investors

Nick Kidd

Coats Group plc

+44 (0)20 8210 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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