Last checked at 11 Jun 2020 15:17
11 June 2020
Coats Group plc
('Coats' or the 'Company')
Results of the Annual General Meeting ("AGM")
Coats announces that at the AGM, held at the Company's Registered Office on 11 June 2020, 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 65% of the issued share capital. The total number of ordinary shares in issue in relation to the AGM is 1,446,050,584.
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 2019 | 944,003,940 | 99.98% | 151,825 | 0.02% | 1,135,842 |
2 | Approval of Remuneration Report | 860,050,547 | 98.76% | 10,755,942 | 1.24% | 61,888,506 |
3 | Approval of Remuneration Policy | 933,453,843 | 98.76% | 11,759,000 | 1.24% | 78,764 |
4 | Re-election of Simon Boddie | 938,832,176 | 99.32% | 6,426,361 | 0.68% | 33,071 |
5 | Re-election of Nicholas Bull | 938,910,384 | 99.33% | 6,353,946 | 0.67% | 27,278 |
6 | Re-election of Mike Clasper | 919,175,970 | 97.24% | 26,066,873 | 2.76% | 48,764 |
7 | Re-election of Anne Fahy | 784,491,367 | 87.79% | 109,075,232 | 12.21% | 51,725,009 |
8 | Re-election of David Gosnell | 938,904,924 | 99.33% | 6,352,940 | 0.67% | 33,744 |
9 | Re-election of Hongyan Echo Lu | 938,887,277 | 99.33% | 6,377,053 | 0.67% | 27,278 |
10 | Re-election of Fran Philip | 938,909,621 | 99.33% | 6,354,709 | 0.67% | 27,278 |
11 | Re-election of Rajiv Sharma | 908,373,796 | 96.09% | 36,915,513 | 3.91% | 2,299 |
12 | Reappointment of Auditor | 924,589,409 | 97.81% | 20,688,161 | 2.19% | 14,037 |
13 | Approval of Auditor remuneration | 924,745,959 | 97.83% | 20,542,989 | 2.17% | 2,660 |
14 | Authority to allot relevant securities | 914,675,668 | 96.76% | 30,615,141 | 3.24% | 799 |
15 | Authority to disapply pre-emption rights | 944,666,358 | 99.94% | 605,000 | 0.06% | 20,250 |
16 | Additional disapplication of pre-emption rights | 944,430,604 | 99.91% | 815,101 | 0.09% | 45,902 |
17 | Authority to purchase own Shares | 944,456,871 | 99.97% | 253,438 | 0.03% | 581,298 |
18 | Authority to call general meetings on clear 14 days' notice | 908,379,522 | 96.10% | 36,911,787 | 3.90% | 299 |
19 | Approval of LTIP rules | 934,421,651 | 98.86% | 10,791,235 | 1.14% | 78,721 |
NB: Percentage of Votes cast excludes Withheld votes; rounded to two decimal places.
Further details of the resolutions (including the text of the resolutions) are given in the Notice of the 2020 Annual General Meeting which is available on the Company's website.
Stuart Morgan
Company Secretary
11 June 2020
Enquiry Details
Rob Mann Coats Group plc 020 8210 5175
About Coats Group plc
Coats is the world's leading industrial thread company. At home in some 50 countries, Coats has a workforce of 17,000 people across six continents. Revenues in 2019 were US$1.4bn. Coats' pioneering history and innovative culture ensure the company continues leading the way around the world. It provides complementary and value added products, services and software solutions to the apparel and footwear industries. It applies innovative techniques to develop high technology Performance Materials threads, yarns and fabrics in areas such as Transportation, Telecommunications and Energy, and Personal Protection. Headquartered in the UK, Coats is a FTSE 250 company, a constituent of the FTSE4Good Index Series and a participant in the UN Global Compact. To find out more about Coats visit www.coats.com.