Director/PDMR Shareholding

RNS Number : 6005J

Coats Group PLC

23 December 2020

 

COATS GROUP PLC

LEI: 2138003SPYWGAITNFY17

23 December 2020

Director/PDMR shareholding

Coats Group plc ("Coats" or the "Company"), the world's leading industrial thread company, was notified on 22 December 2020 that Rajiv Sharma, a Person Discharging Managerial Responsibilities ("PDMR"), acquired and sold ordinary shares of 5 pence each in the Company ("Shares") following the exercise of options granted under the Coats Limited Interim Long Term Incentive Plan ("LILTIP"), the Company's Long Term Incentive Plan ("LTIP") and the Company's Deferred Annual Bonus Plan ("DABP") as set out below:

Date of Grant	Plan	Option Price	Sale Price (£)	Number of Shares acquired	Number of Shares sold	Number of Shares retained
26 Feb 2015	LILTIP	Nil cost share options	0.69409	749,781	352,397	397,384
07 Apr 2015	LTIP	Nil cost share options	0.69409	1,630,833	766,491	864,342
26 Feb 2016	LTIP	Nil cost share options	0.69409	2,506,731	1,178,163	1,328,568
27 Feb 2017	LTIP	Nil cost share options	0.69409	1,561,132	733,732	827,400
07 Apr 2015	DABP	Nil cost share options	0.69409	488,458	229,575	258,883
26 Feb 2016	DABP	Nil cost share options	0.69409	459,901	216,153	243,748
27 Feb 2017	DABP	Nil cost share options	0.69409	223,937	105,250	118,687
			Total	7,620,773	3,581,761	4,039,012

Following the above transactions, Rajiv's interest in the Company's Shares (excluding unvested options under the Company's LTIP and DABP) is 4,039,012 Shares. This holding, and the net unvested Deferred Annual Bonus awards that are not subject to performance conditions, fulfils more than twice the requirement to have a minimum shareholding of 200% of basic salary that applies to the Chief Executive under the Company's approved Remuneration Policy.

The attached notifications, made in accordance with Article 19(3) of the EU Market Abuse Regulation, provide further information.

Coats Group plc Rob Mann / Victoria Huxster

Tel: [phone]

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Rajiv Sharma
b)	Position/status	Executive 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	Ordinary shares of £0.05
b)	Identification code/ ISIN	GB00B4YZN328
c)	Nature of the transaction	Exercise of options under the Coats Limited Interim Long Term Incentive Plan
d)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	749,781
e)	Aggregated information - Aggregated volume - Price	749,781 n/a
f)	Date of the transaction	22 December 2020
g)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Rajiv Sharma
b)	Position/status	Executive 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	Ordinary shares of £0.05
b)	Identification code/ ISIN	GB00B4YZN328
c)	Nature of the transaction	Exercise of options under the Coats Group plc Long Term Incentive Plan ("LTIP")
d)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	1,630,833 2,506,731 1,561,132
e)	Aggregated information - Aggregated volume - Price	5,698,696 n/a
f)	Date of the transaction	22 December 2020
g)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Rajiv Sharma
b)	Position/status	Executive 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	Ordinary shares of £0.05
b)	Identification code/ ISIN	GB00B4YZN328
c)	Nature of the transaction	Exercise of options under the Coats Group plc Deferred Annual Bonus Plan
d)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	488,458 459,901 223,937
e)	Aggregated information - Aggregated volume - Price	1,172,296 n/a
f)	Date of the transaction	22 December 2020
g)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Rajiv Sharma
b)	Position/status	Executive 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	Ordinary shares of £0.05
b)	Identification code/ ISIN	GB00B4YZN328
c)	Nature of the transaction	Sale of exercised Coats Limited Interim Long Term Incentive Plan ("LILTIP") shares, sale of exercised Coats Group plc Long Term Incentive Plan ("LTIP") shares and sale of exercised Coats Group plc Deferred Annual Bonus Plan ("DABP") shares
d)	Price(s) and volume(s)	Price(s)	Volume(s)
		£0.69409	352,397 LILTIP shares 2,678,386 LTIP shares 550,978 DABP shares
e)	Aggregated information - Aggregated volume - Price	3,581,761 £0.69409
f)	Date of the transaction	22 December 2020
g)	Place of the transaction	London Stock Exchange, Main Market (XLON)

 

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