Coats Group PLC Director/PDMR Shareholding (7373D)

TIDMCOA

RNS Number : 7373D

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                                  Jacqueline Callaway 
b)  Position/status                       Chief Financial 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          Share award constituting a right to acquire Ordinary shares of GBP0.05 
    instrument, type of instrument 
    Identification 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. 904,157 
 
                                                 2. Nil                                 2. 258,709 
e)  Aggregated information 
     - Aggregated volume                    1,162,866 
     - Price                                n/a 
f)  Date of the transaction               4 March 2022 
g)  Place of the transaction              London Stock Exchange, Main Market (XLON) 
 
 
 
 Enquiry details 
                                            Coats Group 
 Investors          Victoria Huxster         plc                [phone] 
                          Coats Group 
  Nick Kidd                plc                                  [phone] 
 
                      Richard Mountain /                          [phone] 
   Media              Nick Hasell             FTI Consulting      1374 
 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHUSVSRURUORAR

(END) Dow Jones Newswires

March 04, 2022 09:51 ET (14:51 GMT)