Director/PDMR Shareholding

Coats Group PLC

27 September 2023

 

COATS GROUP PLC

LEI: 2138003SPYWGAITNFY17

27 September 2023

Director/PDMR shareholding

Coats Group plc ("Coats" or the "Company"), the world's leading industrial thread and footwear components manufacturer, was notified on 27 September 2023 that Rajiv Sharma, Chief Executive Officer and a Person Discharging Managerial Responsibilities ("PDMR"), acquired and sold ordinary shares of 5 pence each in the Company ("Shares") following the exercise of options, which included the right to dividend equivalents ("Dividend Shares"), granted under 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 Dividend Shares acquired	Number of Shares sold	Number of Shares retained
28 Feb 2018	DABP	Nil cost share options	0.7405	184,542	6,835	191,377	0
4 March 2019	DABP	Nil cost share options	0.7405	162,044	6,729	168,773	0
6 March 2020	DABP	Nil cost share options	0.7405	349,640	15,590	365,230	0
			Total	696,226	29,154	725,380	0

Following the above transactions, Rajiv's interest in the Company's Shares (excluding outstanding options under the Company's LTIP and DABP) is 4,596,492 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.

This notification is made in accordance with the requirements of Article 19 of the UK Market Abuse Regulation and the Notification of Dealing Form for the PDMR can be found below.

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

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Rajiv Sharma
b)	Position/status	Chief Executive Officer and 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	Acquisition of Shares resulting from the exercise of options under the Coats Group plc Deferred Annual Bonus Plan (including dividend equivalents)
d)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	191,377 168,773 365,230
e)	Aggregated information - Aggregated volume - Price	725,380 n/a
f)	Date of the transaction	26 September 2023
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	Chief Executive Officer and 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 Shares resulting from the exercise of options under the Coats Group plc Deferred Annual Bonus Plan (including dividend equivalents)
d)	Price(s) and volume(s)	Price(s)	Volume(s)
		£0.7405	725,380
e)	Aggregated information - Aggregated volume - Price	725,380 £537,143.89
f)	Date of the transaction	26 September 2023
g)	Place of the transaction	London Stock Exchange, Main Market (XLON)

 

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