REG - Coats Group PLC - Director/PDMR Shareholding

CoatsAnnouncement

08/03/2024 12:30

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RNS Number : 1958G  Coats Group PLC  08 March 2024

8 March 2024

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
                                                                                 Deferred Annual Bonus Plan ("DABP") as set out below:

                                                                                 The DABP awards represent a proportion of the annual bonus awarded for the
                                                                                 year ended 31 December 2023 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 2023 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)
                                                                                 Nil                                      505,345

 e)  Aggregated information

- Aggregated volume

- Price                                                                    505,345

                                                                                 n/a
 f)  Date of the transaction                                                     7 March 2024

 g)  Place of the transaction                                                    London Stock Exchange, Main Market (XLON)

 

 

 Enquiry details

 Investors        Julian Wais                     Coats Group plc  +44 (0)797 497 4690

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

 

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