Director/PDMR Shareholding

RNS Number : 3704R

Coats Group PLC

05 March 2021

 

5 March 2021

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
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 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").  The award vests on 6 March 2024 subject to the satisfaction of performance conditions measured over a three year performance period commencing on 1 January 2021 relating to performance targets relating to realised earnings per share in 2023, total shareholder return, cumulative free cash flow and sustainability objectives.
d)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	1,770,247
e)	Aggregated information - Aggregated volume - Price	1,770,247 n/a
f)	Date of the transaction	5 March 2021
g)	Place of the transaction	London Stock Exchange, Main Market (XLON)

_________________________________________________________________________________

Enquiry details
Investors	Victoria Huxster	Coats Group plc	[phone]
Media	Richard Mountain / Nick Hasell	FTI Consulting	[phone]

_________________________________________________________________________________

 

END

 

 

DSHUVAORAUUORAR