Director/PDMR Shareholding

RNS Number : 6947F

Coats Group PLC

29 July 2016

 

29 July 2016

Coats Group plc

Director/PDMR Shareholding

Notification of transactions of directors, persons discharging managerial responsibility or connected persons

This notification is made in accordance with Disclosure Rule 3.1.4R(1)(a) of the Disclosure Rules and Transparency Rules.

On 29 July 2016 the following persons discharging managerial responsibilities listed below acquired an interest over ordinary shares of 0.05 pence each in Coats Group plc in the form of nil cost share options under the terms of the Coats Group plc Long Term Incentive Plan ("LTIP").  The plan was approved by shareholders on 22 May 2014.

The LTIP awards vest subject to the satisfaction of performance conditions measured over a three year performance period commencing on 1 January 2016 relating to growth in earnings per share, total shareholder return and free cash flow. Other than to satisfy any personal income tax liabilities arising from the vesting or exercise of the awards, no shares acquired subsequent to any exercise can be sold by the participant named below until a minimum of five years has elapsed from the date of grant. 

The maximum number of Shares which could vest under the plan is shown opposite the name of each PDMR set out below:

Name	Role	Number of Share Options ("LTIP")	Number of Share Options Total
Simon Boddie	PDMR	1,724,137	1,724,137

Stuart Morgan

Company Secretary

29 July 2016

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Enquiry details

Investors          Jaideep Thatai                                       Coats Group plc [phone]

Media              Richard Mountain / Nick Hasell               FTI Consulting               [phone]

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