The Directors of GPG have taken the decision to rename the Company as Coats Group plc and establish a single, combined Board of Directors.
This establishes Coats as the standalone, listed entity and signals its return to the market in the 125th anniversary year of its first listing on the London Stock Exchange. It also marks the point at which the listed Company becomes a focused, global industrial manufacturing business and moves on from being an investment company with a diversified portfolio of assets.
The name change from Guinness Peat Group plc to Coats Group plc is expected to be effective over the coming days. A regulatory announcement will be made once this change is completed.
Further details can be found on this site and www.coats.com