Coats Group PLC Director/PDMR Shareholding (7376D)
March 04 2022 - 9:54AM
UK Regulatory
TIDMCOA
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 Share award constituting a right to acquire Ordinary shares of GBP0.05
instrument, type of instrument
Identification code
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 1. 1,698,806
2. Nil 2. 706,218
e) Aggregated information
- Aggregated volume 2,405,024
- Price n/a
f) Date of the transaction 4 March 2022
g) Place of the transaction London Stock Exchange, Main Market (XLON)
Enquiry details
Coats Group
Investors Victoria Huxster plc +44 (0)7880 471350
Coats Group
Nick Kidd plc +44 (0)7770 735719
Richard Mountain / +44 (0)20 3727
Media Nick Hasell FTI Consulting 1374
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END
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