REG - Coats Group PLC - Director/PDMR Shareholding

CoatsAnnouncement

27/09/2023 12:45

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RNS Number : 8706N  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  +44 (0)7880 471 350
 Media            Richard Mountain / Nick Hasell  FTI Consulting   +44 (0)20 3727 1374

 

 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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