Director/PDMR Shareholding

RNS Number : 7376D

Coats Group PLC

04 March 2022

 

4 March 2022

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	Chief Executive Officer
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 at 1 and 2 respectively below:  1.  The LTIP award vests on 4 March 2025 subject to the satisfaction of performance conditions measured over a three year performance period commencing on 1 January 2022 relating to compound annual growth in realised earnings per share in 2024, 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 2021 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 2021 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.  1,698,806 2.  706,218
e)	Aggregated information - Aggregated volume - Price	2,405,024 n/a
f)	Date of the transaction	4 March 2022
g)	Place of the transaction	London Stock Exchange, Main Market (XLON)

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

 

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