REG - Coats Group PLC - Change of Auditor

CoatsAnnouncement

11/11/2022 07:16

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RNS Number : 0365G  Coats Group PLC  11 November 2022

11 November 2022

 

Coats Group plc

 

Change of Auditor

 

Coats Group plc ('Coats' or the 'Company'), the world's leading industrial
thread and global footwear component manufacturer, announces that following a
competitive tender process, it intends to appoint Ernst & Young LLP as
auditor for the financial year commencing 1 January 2023. The appointment is
subject to shareholder approval at the 2023 Annual General Meeting.

 

Deloitte LLP, the Company's current auditor, will undertake the audit of the
Group and Company for the financial year ending 31 December 2022 completing
its permitted tenure. Coats would like to thank Deloitte for its significant
contribution during its time as auditor.

 

 

 Enquiry details

 Investors         Chris Dyett                     Coats Group plc  +44 (0)79 7497 4690

 Media             Richard Mountain / Nick Hasell  FTI Consulting   +44 (0)20 3727 1374

 

 

About Coats Group plc

With over 250 years of heritage, Coats is the world's leading industrial
thread and global footwear component company. At home in some 50 countries,
Coats has a workforce of over 17,000 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 (http://www.coats.com) .

 

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