{"id":4694,"date":"2023-11-16T13:24:23","date_gmt":"2023-11-16T13:24:23","guid":{"rendered":"http:\/\/coats.com\/?page_id=4694"},"modified":"2026-06-11T18:06:43","modified_gmt":"2026-06-11T12:36:43","slug":"section-172-statements","status":"publish","type":"page","link":"https:\/\/www.coats.com\/en-us\/about\/corporate-governance\/section-172-statements\/","title":{"rendered":"Section 172 Statements"},"content":{"rendered":"<div data-elementor-type=\"wp-page\" data-elementor-id=\"4694\" class=\"elementor elementor-4694\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-669b746 e-flex e-con-boxed e-con e-parent\" data-id=\"669b746\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-28d1920 e-flex e-con-boxed e-con e-child\" data-id=\"28d1920\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-83c9160 elementor-widget-tablet__width-initial elementor-widget-mobile__width-initial elementor-widget elementor-widget-heading\" data-id=\"83c9160\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">\nCORPORATE GOVERNANCE<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bda4ce2 elementor-widget-tablet__width-initial elementor-widget-mobile__width-inherit elementor-widget elementor-widget-heading\" data-id=\"bda4ce2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Section 172 Statements<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6ef0e4d e-flex e-con-boxed e-con e-parent\" data-id=\"6ef0e4d\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-31db090 e-flex e-con-boxed e-con e-child\" data-id=\"31db090\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-d5e6211 e-con-full elementor-hidden-mobile e-flex e-con e-child\" data-id=\"d5e6211\" data-element_type=\"container\" data-settings=\"{&quot;sticky&quot;:&quot;top&quot;,&quot;sticky_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;],&quot;sticky_offset&quot;:100,&quot;sticky_parent&quot;:&quot;yes&quot;,&quot;sticky_effects_offset&quot;:0,&quot;sticky_anchor_link_offset&quot;:0}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-37c7dda elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"37c7dda\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Corporate Governance<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-df24640 elementor-nav-menu--dropdown-none elementor-widget__width-initial sidebar elementor-widget-mobile__width-inherit elementor-widget elementor-widget-nav-menu\" data-id=\"df24640\" data-element_type=\"widget\" data-settings=\"{&quot;layout&quot;:&quot;vertical&quot;,&quot;submenu_icon&quot;:{&quot;value&quot;:&quot;&lt;i class=\\&quot;fas fa-caret-down\\&quot;&gt;&lt;\\\/i&gt;&quot;,&quot;library&quot;:&quot;fa-solid&quot;}}\" data-widget_type=\"nav-menu.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<nav aria-label=\"Menu\" class=\"elementor-nav-menu--main elementor-nav-menu__container elementor-nav-menu--layout-vertical e--pointer-none\">\n\t\t\t\t<ul id=\"menu-1-df24640\" class=\"elementor-nav-menu sm-vertical\"><li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-19795\"><a href=\"https:\/\/www.coats.com\/en-us\/about\/corporate-governance\/corporate-governance-overview\/\" class=\"elementor-item\">Contents<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-19797\"><a href=\"https:\/\/www.coats.com\/en-us\/about\/corporate-governance\/board-composition\/\" class=\"elementor-item\">Board Composition<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-19796\"><a href=\"https:\/\/www.coats.com\/en-us\/about\/corporate-governance\/board-operations\/\" class=\"elementor-item\">Board Operations<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-19798\"><a href=\"https:\/\/www.coats.com\/en-us\/about\/corporate-governance\/board-committees\/\" class=\"elementor-item\">Board Committees<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-19794\"><a href=\"https:\/\/www.coats.com\/en-us\/about\/corporate-governance\/other-committees\/\" class=\"elementor-item\">Other Committees<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-19793\"><a href=\"https:\/\/www.coats.com\/en-us\/about\/corporate-governance\/section-172-statements\/\" class=\"elementor-item\">Section 172 Statements<\/a><\/li>\n<\/ul>\t\t\t<\/nav>\n\t\t\t\t\t\t<nav class=\"elementor-nav-menu--dropdown elementor-nav-menu__container\" aria-hidden=\"true\">\n\t\t\t\t<ul id=\"menu-2-df24640\" class=\"elementor-nav-menu sm-vertical\"><li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-19795\"><a href=\"https:\/\/www.coats.com\/en-us\/about\/corporate-governance\/corporate-governance-overview\/\" class=\"elementor-item\" tabindex=\"-1\">Contents<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-19797\"><a href=\"https:\/\/www.coats.com\/en-us\/about\/corporate-governance\/board-composition\/\" class=\"elementor-item\" tabindex=\"-1\">Board Composition<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-19796\"><a href=\"https:\/\/www.coats.com\/en-us\/about\/corporate-governance\/board-operations\/\" class=\"elementor-item\" tabindex=\"-1\">Board Operations<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-19798\"><a href=\"https:\/\/www.coats.com\/en-us\/about\/corporate-governance\/board-committees\/\" class=\"elementor-item\" tabindex=\"-1\">Board Committees<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-19794\"><a href=\"https:\/\/www.coats.com\/en-us\/about\/corporate-governance\/other-committees\/\" class=\"elementor-item\" tabindex=\"-1\">Other Committees<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-19793\"><a href=\"https:\/\/www.coats.com\/en-us\/about\/corporate-governance\/section-172-statements\/\" class=\"elementor-item\" tabindex=\"-1\">Section 172 Statements<\/a><\/li>\n<\/ul>\t\t\t<\/nav>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6a27967 e-con-full e-flex e-con e-child\" data-id=\"6a27967\" data-element_type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-c3b133b post_tools_container e-flex e-con-boxed e-con e-child\" data-id=\"c3b133b\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-22721c2 elementor-widget-mobile__width-inherit elementor-hidden-desktop elementor-widget elementor-widget-n-accordion\" data-id=\"22721c2\" data-element_type=\"widget\" data-settings=\"{&quot;default_state&quot;:&quot;all_collapsed&quot;,&quot;n_accordion_animation_duration&quot;:{&quot;unit&quot;:&quot;ms&quot;,&quot;size&quot;:0,&quot;sizes&quot;:[]},&quot;max_items_expended&quot;:&quot;one&quot;}\" data-widget_type=\"nested-accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"e-n-accordion\" aria-label=\"Accordion. Open links with Enter or Space, close with Escape, and navigate with Arrow Keys\">\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-3610\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"1\" tabindex=\"0\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-3610\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\">  <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"16\" viewbox=\"0 0 16 16\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M4 4.66669L8 8.66669L12 4.66669L13.3333 6.00002L8 11.3334L2.66666 6.00002L4 4.66669Z\" fill=\"black\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"16\" viewbox=\"0 0 16 16\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M4 4.66669L8 8.66669L12 4.66669L13.3333 6.00002L8 11.3334L2.66666 6.00002L4 4.66669Z\" fill=\"black\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-3610\" class=\"elementor-element elementor-element-47c07db e-con-full e-flex e-con e-child\" data-id=\"47c07db\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-46ca48d elementor-nav-menu--dropdown-none elementor-widget__width-initial sidebar elementor-widget-tablet__width-inherit elementor-widget-mobile__width-inherit elementor-absolute elementor-widget elementor-widget-nav-menu\" data-id=\"46ca48d\" data-element_type=\"widget\" data-settings=\"{&quot;layout&quot;:&quot;vertical&quot;,&quot;_position&quot;:&quot;absolute&quot;,&quot;submenu_icon&quot;:{&quot;value&quot;:&quot;&lt;i class=\\&quot;fas fa-caret-down\\&quot;&gt;&lt;\\\/i&gt;&quot;,&quot;library&quot;:&quot;fa-solid&quot;}}\" data-widget_type=\"nav-menu.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<nav aria-label=\"Menu\" class=\"elementor-nav-menu--main elementor-nav-menu__container elementor-nav-menu--layout-vertical e--pointer-none\">\n\t\t\t\t<ul id=\"menu-1-46ca48d\" class=\"elementor-nav-menu sm-vertical\"><li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-19795\"><a href=\"https:\/\/www.coats.com\/en-us\/about\/corporate-governance\/corporate-governance-overview\/\" class=\"elementor-item\">Contents<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-19797\"><a href=\"https:\/\/www.coats.com\/en-us\/about\/corporate-governance\/board-composition\/\" class=\"elementor-item\">Board Composition<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-19796\"><a href=\"https:\/\/www.coats.com\/en-us\/about\/corporate-governance\/board-operations\/\" class=\"elementor-item\">Board Operations<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-19798\"><a href=\"https:\/\/www.coats.com\/en-us\/about\/corporate-governance\/board-committees\/\" class=\"elementor-item\">Board Committees<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-19794\"><a href=\"https:\/\/www.coats.com\/en-us\/about\/corporate-governance\/other-committees\/\" class=\"elementor-item\">Other Committees<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-19793\"><a href=\"https:\/\/www.coats.com\/en-us\/about\/corporate-governance\/section-172-statements\/\" class=\"elementor-item\">Section 172 Statements<\/a><\/li>\n<\/ul>\t\t\t<\/nav>\n\t\t\t\t\t\t<nav class=\"elementor-nav-menu--dropdown elementor-nav-menu__container\" aria-hidden=\"true\">\n\t\t\t\t<ul id=\"menu-2-46ca48d\" class=\"elementor-nav-menu sm-vertical\"><li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-19795\"><a href=\"https:\/\/www.coats.com\/en-us\/about\/corporate-governance\/corporate-governance-overview\/\" class=\"elementor-item\" tabindex=\"-1\">Contents<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-19797\"><a href=\"https:\/\/www.coats.com\/en-us\/about\/corporate-governance\/board-composition\/\" class=\"elementor-item\" tabindex=\"-1\">Board Composition<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-19796\"><a href=\"https:\/\/www.coats.com\/en-us\/about\/corporate-governance\/board-operations\/\" class=\"elementor-item\" tabindex=\"-1\">Board Operations<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-19798\"><a href=\"https:\/\/www.coats.com\/en-us\/about\/corporate-governance\/board-committees\/\" class=\"elementor-item\" tabindex=\"-1\">Board Committees<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-19794\"><a href=\"https:\/\/www.coats.com\/en-us\/about\/corporate-governance\/other-committees\/\" class=\"elementor-item\" tabindex=\"-1\">Other Committees<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-19793\"><a href=\"https:\/\/www.coats.com\/en-us\/about\/corporate-governance\/section-172-statements\/\" class=\"elementor-item\" tabindex=\"-1\">Section 172 Statements<\/a><\/li>\n<\/ul>\t\t\t<\/nav>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-bb6027f e-flex e-con-boxed e-con e-child\" data-id=\"bb6027f\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-eb94343 elementor-widget elementor-widget-heading\" data-id=\"eb94343\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Section 172 of the Companies Act 2006 (S172)\u00a0requires the directors to promote the success of the Company for the benefit of its members as a whole, while having regard to the interests of its stakeholders in their decision-making.<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c436bb2 elementor-widget elementor-widget-text-editor\" data-id=\"c436bb2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tWhen making decisions, the Board recognises the importance of considering the needs and priorities of our stakeholders to help determine what is most likely to drive sustainable, long-term value.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7e7908a elementor-widget elementor-widget-text-editor\" data-id=\"7e7908a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tPlease click to access the <a href=\"https:\/\/cdn.coats.com\/wp-content\/uploads\/Coats-ARA25-Section-172-Statement.pdf\" target=\"_blank\" rel=\"noopener\"><i class=\"externalLink\"><\/i>Coats Group plc s172 statement<\/a>.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5d82f3c elementor-widget elementor-widget-text-editor\" data-id=\"5d82f3c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Please find below the s172 statements for the Coats Group subsidiaries which meet the qualifying conditions. During the course of the year, the directors of UK subsidiaries of Coats Group plc continued to have appropriate consideration of the s172 matters when reviewing proposals and conducting the business of these companies:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3d327d0 e-con-full e-flex e-con e-child\" data-id=\"3d327d0\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-aa964d7 elementor-widget elementor-widget-heading\" data-id=\"aa964d7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">J. &amp; P. Coats Limited<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f97e12d elementor-widget elementor-widget-text-editor\" data-id=\"f97e12d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tSECTION 172 STATEMENT &#8211; DUTY TO PROMOTE THE SUCCESS OF THE COMPANY\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-95790f8 elementor-widget elementor-widget-text-editor\" data-id=\"95790f8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tSection 172 of the Companies Act 2006 requires the Directors to promote the success of the Company for the benefit of the members as a whole, having regard to the interests of stakeholders in their decision making (S172 Factors). The Board believes that considering, and balancing, the needs and priorities of our stakeholders in key business decisions is, not only the right thing to do but is also core to our ability to drive value creation over the longer term.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d971fbe elementor-widget elementor-widget-text-editor\" data-id=\"d971fbe\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tAs a wholly owned subsidiary of Coats Group plc, our key stakeholders are aligned with our ultimate parent company and you can read more about that stakeholder engagement on pages 30 to 33 of the <a class=\"link-external\" href=\"https:\/\/cdn.coats.com\/wp-content\/uploads\/Coats-ARA25-Stakeholder-Engagement.pdf\" target=\"_blank\" rel=\"noopener\">Annual Report<\/a> for Coats Group plc for the year ended 31 December 2025. By considering Coats Group\u2019s purpose, vision and values together with the strategic priorities, we balance outcomes for our key stakeholders alongside long-term sustainable growth.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c79de1c elementor-widget elementor-widget-text-editor\" data-id=\"c79de1c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tAs the principal activity of the Company is the holding of investments in group companies, decisions on receiving and making dividend payments and receiving management charges are the main decisions taken where we ensure that the impact of these decisions, including the impact on our stakeholders, is considered. The Company\u2019s approach to its suppliers and the wider employees of the Coats Group was considered as part of the approval process for the <a class=\"link-external\" href=\"https:\/\/cdn.coats.com\/wp-content\/uploads\/Modern-Slavery-and-Transparency-in-Supply-Chains-Statement-2026.pdf\" target=\"_blank\" rel=\"noopener\">Modern Slavery Statement<\/a> published on the Coats Group plc website. We regularly review which are our key stakeholder relationships and examine how we appropriately engage with them. We also consider ways to ensure that we maintain open lines of communication with those stakeholder groups and whether there are ways that the Board\u2019s engagement can be improved to help us operate more effectively.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e642153 e-con-full e-flex e-con e-child\" data-id=\"e642153\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6e5fedd elementor-widget elementor-widget-heading\" data-id=\"6e5fedd\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Coats Holdings Ltd<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8cbe460 elementor-widget elementor-widget-text-editor\" data-id=\"8cbe460\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tSECTION 172 STATEMENT &#8211; DUTY TO PROMOTE THE SUCCESS OF THE COMPANY\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e696720 elementor-widget elementor-widget-text-editor\" data-id=\"e696720\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tSection 172 of the Companies Act 2006 requires the Directors to promote the success of the Company for the benefit of the members as a whole, having regard to the interests of stakeholders in their decision making (S172 Factors). When making decisions, the Board recognises the importance of considering the needs and priorities of our stakeholders to help determine what is most likely to drive sustainable value creation over the longer term. As a wholly owned subsidiary of Coats Group plc, our key stakeholders are aligned with our ultimate parent company and you can read more about that stakeholder engagement on pages 30 to 33 of the <a class=\"link-external\" href=\"https:\/\/cdn.coats.com\/wp-content\/uploads\/Coats-ARA25-Stakeholder-Engagement.pdf\" target=\"_blank\" rel=\"noopener\">Annual Report<\/a> for Coats Group plc for the year ended 31 December 2025. By considering Coats Group\u2019s purpose, vision and values together with the strategic priorities, we balance outcomes for our key stakeholders alongside long-term sustainable growth.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6373561 elementor-widget elementor-widget-text-editor\" data-id=\"6373561\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tAs the principal activity of the Company is the holding of investments in group companies, decisions on receiving and making dividend payments are the main decisions taken where we ensure that the impact of these decisions, including the impact on our stakeholders, is considered. The Company\u2019s approach to its suppliers and the wider employees of the Coats Group was considered as part of the approval process for the <a class=\"link-external\" href=\"https:\/\/cdn.coats.com\/wp-content\/uploads\/Modern-Slavery-and-Transparency-in-Supply-Chains-Statement-2026.pdf\" target=\"_blank\" rel=\"noopener\">Modern Slavery Statement<\/a> published on the Coats Group plc website. We regularly review what are our key stakeholder relationships and examine how we appropriately engage with them. We also consider ways to ensure that we maintain open lines of communication with those stakeholder groups and whether there are ways that the Board\u2019s engagement can be improved to help us operate more effectively.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1b97d87 e-flex e-con-boxed e-con e-child\" data-id=\"1b97d87\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3927b0f elementor-widget elementor-widget-heading\" data-id=\"3927b0f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Coats Industrial Thread Limited<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8be6b10 elementor-widget elementor-widget-text-editor\" data-id=\"8be6b10\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>SECTION 172 STATEMENT &#8211; DUTY TO PROMOTE THE SUCCESS OF THE COMPANY<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1fca2be elementor-widget elementor-widget-text-editor\" data-id=\"1fca2be\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tSection 172 of the Companies Act 2006 requires the Directors to promote the success of the Company for the benefit of the members as a whole, having regard to the interests of stakeholders in their decision making (S172 Factors). The Board believes that considering, and balancing, the needs and priorities of our stakeholders in key business decisions is, not only the right thing to do but is also core to our ability to drive value creation over the longer term. As a wholly owned subsidiary of Coats Group plc, our key stakeholders are aligned with our ultimate parent company and you can read more about that stakeholder engagement on pages 30 to 33 in the <a class=\"link-external\" href=\"https:\/\/cdn.coats.com\/wp-content\/uploads\/Coats-ARA25-Stakeholder-Engagement.pdf\" target=\"_blank\" rel=\"noopener\">Annual Report<\/a> for Coats Group plc for the year ended 31 December 2025. By considering Coats Group\u2019s purpose, vision and values together with the strategic priorities, we balance outcomes for our key stakeholders alongside long-term sustainable growth.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-60dc83e elementor-widget elementor-widget-text-editor\" data-id=\"60dc83e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tAs the principal activity of the Company is receiving royalties from fellow group undertakings, decisions on receiving royalties are the main decisions taken where we ensure that the impact of these decisions, including the impact on our stakeholders, is considered. The Company\u2019s approach to its suppliers and the wider employees of the Coats Group was considered as part of the approval process for the <a class=\"link-external\" href=\"https:\/\/cdn.coats.com\/wp-content\/uploads\/Modern-Slavery-and-Transparency-in-Supply-Chains-Statement-2026.pdf\" target=\"_blank\" rel=\"noopener\">Modern Slavery Statement<\/a> published on the Coats Group plc website. We regularly review which are our key stakeholder relationships and examine how we appropriately engage with them. We also consider ways to ensure that we maintain open lines of communication with those stakeholder groups and whether there are ways that the Board\u2019s engagement can be improved to help us operate more effectively.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-44b6cf8 e-flex e-con-boxed e-con e-child\" data-id=\"44b6cf8\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b729b52 elementor-widget elementor-widget-heading\" data-id=\"b729b52\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Coats Limited<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3fdcf39 elementor-widget elementor-widget-text-editor\" data-id=\"3fdcf39\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tSECTION 172 STATEMENT &#8211; DUTY TO PROMOTE THE SUCCESS OF THE COMPANY\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9f98202 elementor-widget elementor-widget-text-editor\" data-id=\"9f98202\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tSection 172 of the Companies Act 2006 requires the Directors to promote the success of the Company for the benefit of the members as a whole, having regard to the interests of stakeholders in their decision making (S172 Factors). When making decisions, the Board recognises the importance of considering the needs and priorities of our stakeholders to help determine what is most likely to drive sustainable value creation over the longer term. As a wholly owned subsidiary of Coats Group plc, our key stakeholders are aligned with our ultimate parent company and you can read more about that stakeholder engagement on pages 30 to 33 of the <a class=\"link-external\" href=\"https:\/\/cdn.coats.com\/wp-content\/uploads\/Coats-ARA25-Stakeholder-Engagement.pdf\" target=\"_blank\" rel=\"noopener\">Annual Report<\/a> for Coats Group plc for the year ended 31 December 2025. By considering Coats Group\u2019s purpose, vision and values together with the strategic priorities, we balance outcomes for our key stakeholders alongside long-term sustainable growth.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-19baf97 elementor-widget elementor-widget-text-editor\" data-id=\"19baf97\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tAs the principal activity of the Company is the holding of investments in group companies, decisions on receiving and making dividend payments are the main decisions taken where we ensure that the impact of these decisions, including the impact on our stakeholders, is considered.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-65c00fc elementor-widget elementor-widget-text-editor\" data-id=\"65c00fc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tThe Company\u2019s approach to its suppliers and the wider employees of the Coats Group was considered as part of the approval process for the <a class=\"link-external\" href=\"https:\/\/cdn.coats.com\/wp-content\/uploads\/Modern-Slavery-and-Transparency-in-Supply-Chains-Statement-2026.pdf\" target=\"_blank\" rel=\"noopener\">Modern Slavery Statement<\/a> published on the Coats Group plc website. We regularly review what are our key stakeholder relationships and examine how we appropriately engage with them. We also consider ways to ensure that we maintain open lines of communication with those stakeholder groups and whether there are ways that the Board\u2019s engagement can be improved to help us operate more effectively.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6b41822 elementor-widget elementor-widget-text-editor\" data-id=\"6b41822\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tThe Directors of the Company implemented the decisions made by Coats Group plc following engagement with UK pension scheme pension trustees to purchase a \u00a31.3 billion bulk annuity policy from Pension Insurance Corporation plc to insure the remaining 80% of the UK scheme\u2019s pension liabilities. As a result of the buy-in, all the financial and demographic risks relating to the scheme&#8217;s liabilities are now fully hedged. This buy-in represents a significant step in the Company fully insuring its UK pension obligations. The interests of employees and shareholders of the Group were appropriately considered when agreeing this transaction.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-98a8c92 e-flex e-con-boxed e-con e-child\" data-id=\"98a8c92\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8b5916f elementor-widget elementor-widget-heading\" data-id=\"8b5916f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Coats Group Finance Company Limited<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-419092a elementor-widget elementor-widget-text-editor\" data-id=\"419092a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tSECTION 172 STATEMENT &#8211; DUTY TO PROMOTE THE SUCCESS OF THE COMPANY\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-17cd5bb elementor-widget elementor-widget-text-editor\" data-id=\"17cd5bb\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tSection 172 of the Companies Act 2006 requires the Directors to promote the success of the Company for the benefit of the members as a whole, having regard to the interests of stakeholders in their decision making (S172 Factors). When making decisions, the Board recognises the importance of considering the needs and priorities of our stakeholders to help determine what is most likely to drive sustainable value creation over the longer term. As a wholly owned subsidiary of Coats Group plc, our key stakeholders are aligned with our ultimate parent company and you can read more about that stakeholder engagement on pages 30 to 33 of the <a class=\"link-external\" href=\"https:\/\/cdn.coats.com\/wp-content\/uploads\/Coats-ARA25-Stakeholder-Engagement.pdf\" target=\"_blank\" rel=\"noopener\">Annual Report<\/a> for Coats Group plc for the year ended 31 December 2025. By considering Coats Group\u2019s purpose, vision and values together with the strategic priorities, we balance outcomes for our key stakeholders alongside long-term sustainable growth.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5256ba0 elementor-widget elementor-widget-text-editor\" data-id=\"5256ba0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tAs the principal activity of the Company is the holding of investments in group companies, decisions on receiving and making dividend payments are the main decisions taken where we ensure that the impact of these decisions, including the impact on our stakeholders, is considered. The Company\u2019s approach to its suppliers and the wider employees of the Coats Group was considered as part of the approval process for the <a class=\"link-external\" href=\"https:\/\/cdn.coats.com\/wp-content\/uploads\/Modern-Slavery-and-Transparency-in-Supply-Chains-Statement-2026.pdf\" target=\"_blank\" rel=\"noopener\">Modern Slavery Statement<\/a> published on the Coats Group plc website. We regularly review what are our key stakeholder relationships and examine how we appropriately engage with them. We also consider ways to ensure that we maintain open lines of communication with those stakeholder groups and whether there are ways that the Board\u2019s engagement can be improved to help us operate more effectively.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6ea4ac5 elementor-widget elementor-widget-text-editor\" data-id=\"6ea4ac5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tThe Directors of the Company implemented the decisions made by Coats Group plc following their engagement with debt providers as part of the financing of the acquisition of OrthoLite Holdings LLC (\u2018OrthoLite\u2019) for an enterprise value of $770m.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-18eefcf e-flex e-con-boxed e-con e-child\" data-id=\"18eefcf\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-03bf598 elementor-widget elementor-widget-heading\" data-id=\"03bf598\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Coats Digital Limited<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-31bdfa5 elementor-widget elementor-widget-text-editor\" data-id=\"31bdfa5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<strong>SECTION 172 STATEMENT &#8211; DUTY TO PROMOTE THE SUCCESS OF THE COMPANY<\/strong>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-03c55e6 elementor-widget elementor-widget-text-editor\" data-id=\"03c55e6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tSection 172 of the Companies Act 2006 requires the Directors to promote the success of the Company for the benefit of the members as a whole, having regard to the interests of stakeholders in their decision making (S172 Factors). When making decisions, the Board recognises the importance of considering the needs and priorities of our stakeholders to help determine what is most likely to drive sustainable value creation over the longer term. As a wholly owned subsidiary of Coats Group plc, our key stakeholders are aligned with our ultimate parent company and you can read more about that stakeholder engagement on pages 30 to 33 of the <a class=\"link-external\" href=\"https:\/\/cdn.coats.com\/wp-content\/uploads\/Coats-ARA25-Stakeholder-Engagement.pdf\" target=\"_blank\" rel=\"noopener\">Annual Report<\/a> for Coats Group plc for the year ended 31 December 2025. By considering Coats Group\u2019s purpose, vision and values together with the strategic priorities, we balance outcomes for our key stakeholders alongside long-term sustainable growth.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-155ca24 elementor-widget elementor-widget-text-editor\" data-id=\"155ca24\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tThe Company\u2019s approach to its suppliers and the wider employees of the Coats Group was considered as part of the approval process for the <a class=\"link-external\" href=\"https:\/\/cdn.coats.com\/wp-content\/uploads\/Modern-Slavery-and-Transparency-in-Supply-Chains-Statement-2026.pdf\" target=\"_blank\" rel=\"noopener\">Modern Slavery Statement<\/a> published on the Coats Group plc website. We regularly review what are our key stakeholder relationships and examine how we appropriately engage with them. We also consider ways to ensure that we maintain open lines of communication with those stakeholder groups and whether there are ways that the Board\u2019s engagement can be improved to help us operate more effectively.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1c96023 elementor-widget elementor-widget-text-editor\" data-id=\"1c96023\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Directors of the Company implemented the decisions made by Coats Group plc during the year ended 31 December 2025.\u00a0 During 2024, the Company\u2019s subsidiaries Fast React Systems Limited and GSD (Corporate) Limited transferred their trade and assets to the Company.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2bc3d14 e-flex e-con-boxed e-con e-child\" data-id=\"2bc3d14\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-022638a elementor-widget elementor-widget-heading\" data-id=\"022638a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Texon International Group Limited<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ecb1eb8 elementor-widget elementor-widget-text-editor\" data-id=\"ecb1eb8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<strong>SECTION 172 STATEMENT \u2013 DUTY TO PROMOTE THE SUCCESS OF THE COMPANY<\/strong>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bd08d2a elementor-widget elementor-widget-text-editor\" data-id=\"bd08d2a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tSection 172 of the Companies Act 2006 requires the Directors to promote the success of the Company for the benefit of the members as a whole, having regard to the interests of stakeholders in their decision making (S172 Factors). The Board believes that considering, and balancing, the needs and priorities of our stakeholders in key business decisions is, not only the right thing to do bus is also core to our ability to drive value creation over the longer term.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-68eddc7 elementor-widget elementor-widget-text-editor\" data-id=\"68eddc7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tAs a wholly owned subsidiary of Coats Group plc, our key stakeholders are aligned with our ultimate parent company and you can read more about that stakeholder engagement on pages 30 to 33 of the <a class=\"link-external\" href=\"https:\/\/cdn.coats.com\/wp-content\/uploads\/Coats-ARA25-Stakeholder-Engagement.pdf\" target=\"_blank\" rel=\"noopener\">Annual Report<\/a> for Coats Group plc for the year ended 31 December 2025. By considering Coats Group\u2019s purpose, vision and values together with the strategic priorities, we balance outcomes for our key stakeholders alongside long-term sustainable growth.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c958df4 e-flex e-con-boxed e-con e-child\" data-id=\"c958df4\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5fbcfb8 elementor-widget elementor-widget-heading\" data-id=\"5fbcfb8\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Texon (Newco 2) Ltd<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0e36e81 elementor-widget elementor-widget-text-editor\" data-id=\"0e36e81\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<strong>SECTION 172 STATEMENT \u2013 DUTY TO PROMOTE THE SUCCESS OF THE COMPANY<\/strong>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4880523 elementor-widget elementor-widget-text-editor\" data-id=\"4880523\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tSection 172 of the Companies Act 2006 requires the Directors to promote the success of the Company for the benefit of the members as a whole, having regard to the interests of stakeholders in their decision making (S172 Factors). The Board believes that considering, and balancing, the needs and priorities of our stakeholders in key business decisions is, not only the right thing to do bus is also core to our ability to drive value creation over the longer term.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1821c4b elementor-widget elementor-widget-text-editor\" data-id=\"1821c4b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tAs a wholly owned subsidiary of Coats Group plc, our key stakeholders are aligned with our ultimate parent company and you can read more about that stakeholder engagement on pages 30 to 33 of the <a class=\"link-external\" href=\"https:\/\/cdn.coats.com\/wp-content\/uploads\/Coats-ARA25-Stakeholder-Engagement.pdf\" target=\"_blank\" rel=\"noopener\">Annual Report<\/a> for Coats Group plc for the year ended 31 December 2025. By considering Coats Group\u2019s purpose, vision and values together with the strategic priorities, we balance outcomes for our key stakeholders alongside long-term sustainable growth.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9f96083 e-flex e-con-boxed e-con e-child\" data-id=\"9f96083\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6dd4439 elementor-widget elementor-widget-heading\" data-id=\"6dd4439\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Texon Overseas<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-43b8d36 elementor-widget elementor-widget-text-editor\" data-id=\"43b8d36\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<strong>SECTION 172 STATEMENT \u2013 DUTY TO PROMOTE THE SUCCESS OF THE COMPANY<\/strong>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5e6722e elementor-widget elementor-widget-text-editor\" data-id=\"5e6722e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tSection 172 of the Companies Act 2006 requires the Directors to promote the success of the Company for the benefit of the members as a whole, having regard to the interests of stakeholders in their decision making (S172 Factors). The Board believes that considering, and balancing, the needs and priorities of our stakeholders in key business decisions is, not only the right thing to do bus is also core to our ability to drive value creation over the longer term.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2d2a9b0 elementor-widget elementor-widget-text-editor\" data-id=\"2d2a9b0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tAs a wholly owned subsidiary of Coats Group plc, our key stakeholders are aligned with our ultimate parent company and you can read more about that stakeholder engagement on pages 30 to 33 of the <a class=\"link-external\" href=\"https:\/\/cdn.coats.com\/wp-content\/uploads\/Coats-ARA25-Stakeholder-Engagement.pdf\" target=\"_blank\" rel=\"noopener\">Annual Report<\/a> for Coats Group plc for the year ended 31 December 2025. By considering Coats Group\u2019s purpose, vision and values together with the strategic priorities, we balance outcomes for our key stakeholders alongside long-term sustainable growth.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-01439e4 e-flex e-con-boxed e-con e-child\" data-id=\"01439e4\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d029be6 elementor-widget elementor-widget-heading\" data-id=\"d029be6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Torque Group International Fortune Limited<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1fb1e79 elementor-widget elementor-widget-text-editor\" data-id=\"1fb1e79\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<strong>SECTION 172 STATEMENT \u2013 DUTY TO PROMOTE THE SUCCESS OF THE COMPANY<\/strong>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2781fbd elementor-widget elementor-widget-text-editor\" data-id=\"2781fbd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tSection 172 of the Companies Act 2006 requires the Directors to promote the success of the Company for the benefit of the members as a whole, having regard to the interests of stakeholders in their decision making (S172 Factors). The Board believes that considering, and balancing, the needs and priorities of our stakeholders in key business decisions is, not only the right thing to do bus is also core to our ability to drive value creation over the longer term.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-48bdc2e elementor-widget elementor-widget-text-editor\" data-id=\"48bdc2e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tAs a wholly owned subsidiary of Coats Group plc, our key stakeholders are aligned with our ultimate parent company and you can read more about that stakeholder engagement on pages 30 to 33 of the <a class=\"link-external\" href=\"https:\/\/cdn.coats.com\/wp-content\/uploads\/Coats-ARA25-Stakeholder-Engagement.pdf\" target=\"_blank\" rel=\"noopener\">Annual Report<\/a> for Coats Group plc for the year ended 31 December 2025. By considering Coats Group\u2019s purpose, vision and values together with the strategic priorities, we balance outcomes for our key stakeholders alongside long-term sustainable growth.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-76a8f27 e-flex e-con-boxed e-con e-child\" data-id=\"76a8f27\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7f02313 elementor-widget elementor-widget-heading\" data-id=\"7f02313\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Torque Group International Wealth Limited<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-289a484 elementor-widget elementor-widget-text-editor\" data-id=\"289a484\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<strong>SECTION 172 STATEMENT \u2013 DUTY TO PROMOTE THE SUCCESS OF THE COMPANY<\/strong>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-841fcfa elementor-widget elementor-widget-text-editor\" data-id=\"841fcfa\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tSection 172 of the Companies Act 2006 requires the Directors to promote the success of the Company for the benefit of the members as a whole, having regard to the interests of stakeholders in their decision making (S172 Factors). The Board believes that considering, and balancing, the needs and priorities of our stakeholders in key business decisions is, not only the right thing to do bus is also core to our ability to drive value creation over the longer term.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-67c31f1 elementor-widget elementor-widget-text-editor\" data-id=\"67c31f1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tAs a wholly owned subsidiary of Coats Group plc, our key stakeholders are aligned with our ultimate parent company and you can read more about that stakeholder engagement on pages 30 to 33 of the <a class=\"link-external\" href=\"https:\/\/cdn.coats.com\/wp-content\/uploads\/Coats-ARA25-Stakeholder-Engagement.pdf\" target=\"_blank\" rel=\"noopener\">Annual Report<\/a> for Coats Group plc for the year ended 31 December 2025. By considering Coats Group\u2019s purpose, vision and values together with the strategic priorities, we balance outcomes for our key stakeholders alongside long-term sustainable growth.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-50ce2ff elementor-widget elementor-widget-heading\" data-id=\"50ce2ff\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Texon Non Woven Ltd<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d9781db elementor-widget elementor-widget-text-editor\" data-id=\"d9781db\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<strong>SECTION 172 STATEMENT \u2013 DUTY TO PROMOTE THE SUCCESS OF THE COMPANY<\/strong>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4f2006b elementor-widget elementor-widget-text-editor\" data-id=\"4f2006b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tSection 172 of the Companies Act 2006 requires the Directors to promote the success of the Company for the benefit of the members as a whole, having regard to the interests of stakeholders in their decision making (S172 Factors). The Board believes that considering, and balancing, the needs and priorities of our stakeholders in key business decisions is, not only the right thing to do bus is also core to our ability to drive value creation over the longer term.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5e53e12 elementor-widget elementor-widget-text-editor\" data-id=\"5e53e12\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tAs a wholly owned subsidiary of Coats Group plc, our key stakeholders are aligned with our ultimate parent company and you can read more about that stakeholder engagement on pages 30 to 33 of the <a class=\"link-external\" href=\"https:\/\/cdn.coats.com\/wp-content\/uploads\/Coats-ARA25-Stakeholder-Engagement.pdf\" target=\"_blank\" rel=\"noopener\">Annual Report<\/a> for Coats Group plc for the year ended 31 December 2025. By considering Coats Group\u2019s purpose, vision and values together with the strategic priorities, we balance outcomes for our key stakeholders alongside long-term sustainable growth.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>CORPORATE GOVERNANCE Section 172 Statements Corporate Governance Overview Board Composition Board Operations Board Committees Other Committees Section 172 Statements Overview Board Composition Board Operations Board Committees Other Committees Section 172 Statements Section 172 of the Companies Act 2006 (S172)\u00a0requires the directors to promote the success of the Company for the benefit of its members as [&hellip;]<\/p>","protected":false},"author":12,"featured_media":4745,"parent":4582,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-4694","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.2 (Yoast SEO v25.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Section 172 Statements | Coats Group plc<\/title>\n<meta name=\"description\" content=\"Section 172 of the Companies Act 2006 (S172)\u00a0requires the directors to promote the success of the Company for the benefit of its members as a whole, while having regard to the interests of its stakeholders in their decision-making.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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