Result of AGM
Coats Group plc announced that all resolutions presented at its Annual General Meeting on May 20, 2026, were passed by shareholders representing 87.71% of the issued share capital, totaling 1,917,372,461 ordinary shares. Key resolutions, including the receipt of the 2025 Annual Report and dividend approval, passed with 100% of votes cast. The re-election of directors generally received strong support, with most securing over 95% of votes cast, though the authority to allot securities and disapply pre-emption rights saw lower approval rates of 90.79% and 91.51% respectively. Frances Philip stepped down from the Board.
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Coats announces that at the AGM, held in London on 20 May 2026, all the resolutions put to the meeting were duly passed by way of a poll vote by the requisite majority. Resolutions 1 to 17 were passed as ordinary resolutions; resolutions 18 to 21 were passed as special resolutions.
Proxy votes were received from shareholders in respect of 87.71% of the issued share capital. The total number of ordinary shares in issue in relation to the AGM is 1,917,372,461.
The following table shows the proxy votes cast on each resolution:
| Resolution | For + Discretion | Against | Votes Withheld | |||
|---|---|---|---|---|---|---|
| Votes | % Votes Cast | Votes | % Votes Cast | Votes | ||
| 1 | Receipt of Annual Report 2025 | 1,675,770,931 | 100.00% | 18,011 | 0.00% | 5,928,926 |
| 2 | Approval of Remuneration Report | 1,645,437,359 | 97.84% | 36,251,336 | 2.16% | 29,173 |
| 3 | Approval of Remuneration Policy | 1,628,393,900 | 96.83% | 53,273,150 | 3.17% | 50,818 |
| 4 | Approval of dividend | 1,681,677,304 | 100.00% | 3,968 | 0.00% | 36,596 |
| 5 | Re-election of David Gosnell | 1,600,307,409 | 95.17% | 81,217,708 | 4.83% | 192,751 |
| 6 | Re-election of Sarah Highfield | 1,661,667,225 | 98.82% | 19,907,893 | 1.18% | 142,750 |
| 7 | Re-election of Hongyan Echo Lu | 1,631,713,933 | 97.03% | 49,860,512 | 2.97% | 143,423 |
| 8 | Re-election of Stephen Murray | 1,641,985,997 | 97.65% | 39,539,121 | 2.35% | 192,750 |
| 9 | Re-election of Hannah Nichols | 1,681,386,503 | 99.99% | 188,476 | 0.01% | 142,889 |
| 10 | Re-election of David Paja | 1,681,567,538 | 100.00% | 35,578 | 0.00% | 114,752 |
| 11 | Re-election of Srinivas Phatak | 1,661,740,300 | 98.82% | 19,916,145 | 1.18% | 61,423 |
| 12 | Re-election of Jakob Sigurdsson | 1,661,709,505 | 98.82% | 19,897,474 | 1.18% | 110,889 |
| 13 | Election of Wu Gang | 1,675,246,405 | 99.62% | 6,328,660 | 0.38% | 142,803 |
| 14 | Re-appointment of Auditor | 1,681,537,971 | 99.99% | 116,566 | 0.01% | 63,331 |
| 15 | Approval of Auditor remuneration | 1,681,555,993 | 99.99% | 140,391 | 0.01% | 21,484 |
| 16 | Authority to allot relevant securities | 1,526,845,030 | 90.79% | 154,812,497 | 9.21% | 60,341 |
| 17 | Authority to make political donations and incur political expenditure | 1,614,919,344 | 96.03% | 66,682,016 | 3.97% | 116,508 |
| 18 | Authority to disapply pre-emption rights | 1,538,834,825 | 91.51% | 142,692,550 | 8.49% | 190,493 |
| 19 | Authority to disapply pre-emption rights in connection with acquisitions and specified capital investments | 1,490,695,304 | 88.65% | 190,832,071 | 11.35% | 190,493 |
| 20 | Authority to purchase own shares | 1,681,331,621 | 100.00% | 44,377 | 0.00% | 341,870 |
| 21 | Authority to call general meetings on clear 14 days' notice | 1,639,834,195 | 97.51% | 41,837,916 | 2.49% | 45,757 |
Notes to the resolutions:
- Percentage of Votes cast excludes Withheld votes; rounded to two decimal places. Any proxy appointments which gave discretion to the Chair 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.
- Frances Philip did not stand for re-election and stepped down from the Board following the conclusion of the AGM.
Further details of the resolutions (including the text of the resolutions) are given in the Notice of the 2026 Annual General Meeting which is available on the Company's website.
Company Official Responsible for making this notification:
Stuart Morgan
Company Secretary
Enquiry details
| Investors | Chris Dyett | Coats Group plc | +44 (0)797 497 4690 |
| Media | Nick Hasell Victoria Hayns | FTI Consulting | +44 (0) 20 3727 1340 |
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