Coats Group PLC Change of Auditor (0365G)
November 11 2022 - 2:00AM
UK Regulatory
TIDMCOA
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
Coats Group +44 (0)79 7497
Investors Chris Dyett plc 4690
Richard Mountain / Nick +44 (0)20 3727
Media Hasell FTI Consulting 1374
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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 .
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