REG - Coats Group PLC - Director/PDMR Shareholding

CoatsAnnouncement

04/03/2022 15:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220304:nRSD7373Da&default-theme=true

RNS Number : 7373D  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                                                                        Jacqueline Callaway
 b)  Position/status                                                             Chief Financial 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  Share award constituting a right to acquire Ordinary shares of £0.05
     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.   904,157

                                                                                 2.   Nil                                  2.   258,709
 e)  Aggregated information

- Aggregated volume

- Price                                                                    1,162,866

                                                                                 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  +44 (0)7880 471350
                  Nick Kidd                        Coats Group plc  +44 (0)7770 735719

 Media            Richard Mountain / Nick Hasell   FTI Consulting   +44 (0)20 3727 1374

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHUSVSRURUORAR