Preference Shares Delisted - 29/06/2005
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, NEW ZEALAND, JERSEY, SOUTH AFRICA OR JAPAN
Coats Holdings Ltd announces that the cancellation of listing and trading of the Coats Preference Shares has become effective from 8 a.m. today.
Following the close of the successful offer by Coats International plc, on 27 May 2005 Coats Holdings Ltd ("CHL") applied to delist its 4.9 per cent. cumulative preference shares ("Preference Shares") from the Official List of the UK Listing Authority ("Official List") and to cancel trading on the London Stock Exchange's market for listed securities.
On the same date, Coats International plc announced the exercise of the drag-along right contained in article 53B of the CHL Articles of Association, which became effective on 17 June 2005, resulting in its acquisition of all of the remaining issued Preference Shares.
The listing and trading of the Preference Shares have now been cancelled with effect from 8 a.m. today.
Enquiries:
Coats Holdings Ltd/Coats International plc
Blake Nixon, Director
+44 (0)20 7484 3370
