Director/PDMR Shareholding

RNS Number : 3260F

Coats Group PLC

06 March 2020

 

6 March 2020

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	Simon Boddie
b)	Position/status	Director
c)	Initial notification/ Amendment	Initial notification
2	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Full name of entity	Coats Group plc
b)	Legal Entity Identifier Code	2138003SPYWGAITNFY17
3	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
b)	Identification code/ ISIN	GB00B4YZN328
c)	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") as set out below:  1.  LTIP awards vest on 6 March 2023 subject to the satisfaction of performance conditions measured over a three year performance period commencing on 1 January 2020 relating to growth in earnings per share, total shareholder return, cumulative free cash flow and sustainability objectives; and 2.  The DABP awards represent a proportion of the annual bonus awarded for the year ended 31 December 2019 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 2019 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.
d)	Price(s) and volume(s)	Price(s)	Volume(s)
		1.  Nil 2.  Nil	1.  1,110,356 2.  228,310
e)	Aggregated information - Aggregated volume - Price	1,338,666 n/a
f)	Date of the transaction	6 March 2020
g)	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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