REG - Coats Group PLC - Director/PDMR Shareholding

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RNS Number : 9835L  Coats Group PLC  17 December 2025

17 December 2025

 

Coats Group plc

 

Director/PDMR Shareholding

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Hannah Nichols

 2   Reason for the notification
 a)  Position/status                                              Executive Director (CFO)
 b)  Initial notification/Amendment                               Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Coats Group plc
 b)  LEI                                                          2138003SPYWGAITNFY17
 4   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  Nil-cost option to acquire ordinary shares of £0.05 per share nominal value

     Identification code

                                                                  GB00B4YZN328

 b)  Nature of the transaction                                    1)   Grant of standalone nil cost share option over 862,643 shares to
                                                                  compensate for a 2023 award forfeited as a result of Hannah Nichols leaving
                                                                  her previous employment and joining Coats Group plc., which is subject to the
                                                                  performance condition(s) set out in the Hill & Smith 2023 and 2024 Annual
                                                                  Reports

                                                                  2)   Grant of standalone nil cost share option over 771,229 shares to
                                                                  compensate for a 2024 award forfeited as a result of Hannah Nichols leaving
                                                                  her previous employment and joining Coats Group plc., which is subject to the
                                                                  performance condition(s) set out in the Hill & Smith 2023 and 2024 Annual
                                                                  Reports

                                                                  3)   Grant of nil cost share option over 698,897 shares  under the terms of
                                                                  the Coats Group plc Long Term Incentive Plan ("LTIP") which is subject to the
                                                                  performance conditions set out in Appendix to this notification
 c)  Price(s) and volume(s)                                       Price(s)                                  Volume(s)
     Nil                                                                                                    862,643
                                                                  Nil                                       771,229
                                                                  Nil                                       698,897
 d)  Aggregated information

     ·      - Aggregated volume                                   2,332,769

     ·      - Price                                               n/a
 e)  Date of the transaction                                      2025-12-16

 f)  Place of the transaction                                     Outside a trading venue

 

 

 Enquiry details

 Investors  Chris Dyett      Coats Group plc  +44 (0)797 497 4690
 Media      Nick Hasell      FTI Consulting   +44 (0) 20 3727 1340

            Victoria Hayns

 

Appendix - Performance Conditions applying to the nil cost share option
granted under the LTIP (as set out in 4(b)(3) above)

 

Introduction

The following schedule sets out the performance conditions that will apply to
the 2025 Coats Group PLC Long Term Incentive award. The performance period is
1 January 2025 to 31 December 2027.

 

Performance Measures & Weighting

The award has four performance measures and is weighted as set out below.

 Measure                                                           Weighting            Definition(1)

                                                                   (% of total award)
 Coats Group plc Earnings Per Share Compound Annual Growth (CAGR)  30%                  The Compound Annual Growth (CAGR) in EPS achieved in the performance period.
                                                                                        The Board will consider the CAGR in Normalised EPS which is EPS, adjusted to
                                                                                        exclude exceptional items such as property gains or losses and the impact of
                                                                                        IAS19 charges (pensions finance) .
 Average Cash Conversion over 3-years (Cash)                       20%                  The average of the adjusted Free Cash Flow divided by normalised Attributable
                                                                                        Profit for each of the three years in the performance period.  The adjusted
                                                                                        Free Cash Flow is after maintaining the company's asset base ie operating cash
                                                                                        flow minus capital expenditures, adjusted for exceptional items such as
                                                                                        property gains or losses.
 Total Shareholder Return                                          25%                  The total returns to shareholders which includes share price growth and
                                                                                        ordinary dividend payments.  The performance condition is measured against a
                                                                                        comparator group consisting of the FTSE250 minus investment trusts.
 Sustainability                                                    25%                  Achievement of 3 independent equally weighted Sustainability goals.
 TOTAL                                                             100%

1.     Subject to such adjustments as required by the Committee to ensure
the performance condition fulfils its original intent.

Performance Targets and Vesting Schedule

 EPS CAGR (adjusted if necessary)                                            Threshold  Maximum
 EPS CAGR in the period from 2025-2027.  Measured from the 2024 base year    4%         12%

 Vesting (The proportion of the award for this measure that vests)           25%        100%

 Average Cash Conversion                                                     Threshold  Maximum
 Average Cash Conversion over the period 2025 to 2027                        70%        90%

 Vesting (The proportion of the award for this measure that vests)           25%        100%

 Total Shareholder Return                                                    Threshold  Maximum
 Ranking Position vs FTSE250 (excluding investment trusts)                   Median     Upper Quartile
 Vesting (The proportion of the award for this measure that vests)           25%        100%

 Sustainability                                                              Threshold  Maximum
 Absolute reduction in Scope 1&2 emissions in tonnes from 2019 baseline      55%        65%

 Absolute reduction in Scope 3 emissions in tonnes from 2019 baseline        22%        26%

 Percentage of females in senior leadership roles                            33%        37%

 Vesting (The proportion of the award for this measure that vests)           25%        100%

 

There is a proportionate straight-line vesting for performance between each of
the targets shown above.

The range of performance targets have been set with reference to internal
planning and external market expectations for the Company's future performance
and are considered similarly challenging to the targets set in prior years
allowing for current market conditions.  The Committee would consider
appropriate adjustments to the financial performance targets to extent the
Company undertook material acquisitions or divestments, or share buybacks,
during the period from 1 January 2025 to 31 December 2027.

 

About Coats Group plc

Coats is a world-leading Tier 2 manufacturer and trusted partner for the
apparel and footwear industries. We deliver essential materials, components,
and software solutions that help our customers grow, compete and win.

 

With over 250 years of industry expertise, we're shaping the future of the
apparel and footwear supply chain through insight-led innovation, impactful
sustainability practices, and digital technologies that unlock better product
quality, efficiency and performance.

 

Headquartered in the UK, Coats is a FTSE 250 company and a constituent of the
FTSE4Good Index. In 2024, we generated $1.5 billion in revenue and employed
16,000 people worldwide - all united by a spirit of innovation, quality and
service. Learn more at www.coats.com or follow us on LinkedIn.

 

 

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