Director/PDMR Shareholding

RNS Number : 5226J

Coats Group PLC

07 April 2015

 



7 April 2015

Coats Group plc

Director/PDMR Shareholding

Notification of transactions of directors, persons discharging managerial responsibility or connected persons

This notification is made in accordance with Disclosure Rule 3.1.4R(1)(a) of the Disclosure Rules and Transparency Rules.

On 7 April 2015 the following persons discharging managerial responsibilities listed below acquired an interest over ordinary shares of 0.05p pence each in Coats Group plc in the form of nil cost share options under the terms of the Coats Group plc Long Term Incentive Plan ('LTIP') and Deferred Annual Bonus Plan ('DABP').   Both plans were approved by shareholders on 22 May 2014.

The LTIP awards vest following the announcement of results for the financial year ending 31 December 2017, subject to the satisfaction of performance conditions measured over a three year performance period commencing on 1 January 2015 relating to growth in attributable profit, total shareholder return and free cash flow.

The DABP awards which represent a proportion of the annual bonus awarded in respect of the year ended 31 December 2014 vest within three years from the date of grant and are not subject to performance conditions but are subject to certain forfeiture and claw back provisions in certain situations such as personal misconduct or a misstatement of results.

The maximum number of shares which could vest under both plans are shown opposite the name of each PDMR set out below:

Name	Role	Number of Share Options ('LTIP')	Number of Share Options ('DABP')	Number of Share Options Total
Paul Forman	PDMR	3,160,396	438,241	3,598,637
Richard Howes	PDMR	2,079,207	279,651	2,358,858
Rajiv Sharma	PDMR	2,687,266	482,925	3,170,191

Stuart Morgan

Company Secretary

7 April 2015

Enquiry details

UK media                                                                              Richard Mountain                 [phone]

New Zealand and Australian media                                Geoff Senescall                    [phone]

Investors                                                                               Jaideep Thatai                       [phone]

 

END

 

 

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