REG - Coats Group PLC - Director/PDMR Shareholding
Mon 11:30
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RNS Number : 6489Y Coats Group PLC 30 March 2026
30 March 2026
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 David Paja
2 Reason for the notification
a) Position/status Chief Executive Officer and Executive Director
b) Initial notification/Amendment Initial notification
3 Details of the issuer, UK emission allowance market participant, auction
platform or auctioneer
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 Share award constituting a right to acquire Ordinary shares of £0.05
Identification code GB00B4YZN328
b) Nature of the transaction Grant of nil cost share options under the terms of the Coats Group plc Long
Term Incentive Plan ("LTIP") the performance conditions are set out in the
attached Appendix 1.
c) Price(s) and volume(s) Price(s) Volume(s)
LTIP Nil 1,573,081
d) Aggregated information
· - Aggregated volume 1,573,081
· - Price n/a
e) Date of the transaction 2026-03-27
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Hannah Nichols
2 Reason for the notification
a) Position/status Chief Financial Officer and Executive Director
b) Initial notification/Amendment Initial notification
3 Details of the issuer, UK emission allowance market participant, auction
platform or auctioneer
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 Share award constituting a right to acquire Ordinary shares of £0.05
Identification code GB00B4YZN328
b) Nature of the transaction Grant of nil cost share options under the terms of the Coats Group plc Long
Term Incentive Plan ("LTIP") the performance conditions are set out in the
attached Appendix 1.
c) Price(s) and volume(s) Price(s) Volume(s)
LTIP Nil 8
4
9
,
5
7
3
d) Aggregated information
· - Aggregated volume 849,573
· - Price n/a
e) Date of the transaction 2026-03-27
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
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 2025, we generated $1.5 billion in revenue and employed
c.19,000 people worldwide - all united by a spirit of innovation, quality and
service. Learn more at www.coats.com or follow us on LinkedIn.
Appendix 1
Coats Group plc - 2026 Long Term Incentive Award - Performance Schedule
Introduction
The following schedule sets out the performance conditions that applies to the
2026 Coats Group PLC Long Term Incentive award. The performance period is 1
January 2026 to 31 December 2028.
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.
Cumulative FCF 25% The total free cash flow after interest, tax, minority interests and
exceptionals, but before dividend distribution and M&A over 3 year
performance period
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 20% 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 2026 to 2028. Measured from the 2025 base year 4% 12%
Vesting (The proportion of the award for this measure that vests) 25% 100%
Cumulative FCF Threshold Maximum
Cumulative FCF over the period 2026 to 2028 $400m $500m
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 (all excluding OrthoLite) Threshold Maximum
Absolute reduction in Scope 1&2 emissions in tonnes from 2019 baseline 58% 68%
Absolute reduction in Scope 3 emissions in tonnes from 2019 baseline 25% 29%
Percentage of females in senior leadership roles 34% 38%
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 2026 to 31 December 2028.
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