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Coats Group PLC - Result of AGM

RNS Number : 7166P
Coats Group PLC
11 June 2020
 

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.

 

 


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