Coats Group (GB:COA) has released an update.
Coats Group PLC has been notified of a significant change in share ownership, as investment management entities affiliated with abrdn plc have crossed the 5% voting rights threshold, now holding a total of 5.007432% voting rights in the company. This change occurred on May 3, 2024, and was formally notified to Coats Group on May 6, 2024. The shares in question are managed across multiple portfolios by abrdn plc, indicating a notable shift in the company’s shareholder structure.
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