Director/PDMR Shareholding

RNS Number : 9171X

Coats Group PLC

27 February 2017

 

27 February 2017

Coats Group plc

Director/PDMR Shareholding

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and their Closely Associated Persons

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Rajiv Sharma
2	Reason for the notification
a)	Position/status	Director
, b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Coats Group plc
b)	LEI	2138003SPYWGAITNFY17
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Share award, constituting a right to acquire Ordinary shares of £0.05 ISIN: GB00B4YZN328
b)	Nature of the transaction	Award of nil cost share options under the terms of the Coats Group plc Long Term Incentive Plan ("LTIP") and Deferred Annual Bonus Plan ("DABP").  LTI awards vest on 27 February 2020 subject to the satisfaction of performance conditions measured over a three year performance period commencing on 1 January 2017 relating to growth in earnings per share, total shareholder return and cumulative free cash flow. The DABP awards represent a proportion of the annual bonus awarded for the year ended 31 December 2016 and vest after 3 years from the date of the award.  DABP awards are not subject to performance conditions, as the bonus targets in respect of 2016 have already been met, but awards are subject to certain forfeiture and clawback provisions in certain situations such as personal misconduct or a misstatement of results.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil Nil	1,536,986 211,214
d)	Aggregated information - Aggregated volume - Price	1,748,200 Nil
e)	Date of the transaction	2017-2-27
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

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Enquiry details
Investors	Rob Mann	Coats Group plc	[phone]

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