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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 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. 1,698,806
2. Nil 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 +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
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