Director/PDMR Shareholding

RNS Number : 6005J
Coats Group PLC
23 December 2020
 

 

 

 

COATS GROUP PLC

LEI: 2138003SPYWGAITNFY17

 

23 December 2020

 

Director/PDMR shareholding

 

Coats Group plc ("Coats" or the "Company"), the world's leading industrial thread company, was notified on 22 December 2020 that Rajiv Sharma, a Person Discharging Managerial Responsibilities ("PDMR"), acquired and sold ordinary shares of 5 pence each in the Company ("Shares") following the exercise of options granted under the Coats Limited Interim Long Term Incentive Plan ("LILTIP"), the Company's Long Term Incentive Plan ("LTIP") and the Company's Deferred Annual Bonus Plan ("DABP") as set out below:

 

Date of Grant

Plan

Option Price

Sale Price (£)

Number of Shares acquired

Number of Shares sold

Number of Shares retained

26 Feb 2015

LILTIP

Nil cost share options

0.69409

749,781

352,397

397,384

07 Apr 2015

LTIP

Nil cost share options

0.69409

1,630,833

766,491

864,342

26 Feb 2016

LTIP

Nil cost share options

0.69409

2,506,731

1,178,163

1,328,568

27 Feb 2017

LTIP

Nil cost share options

0.69409

1,561,132

733,732

827,400

07 Apr 2015

DABP

Nil cost share options

0.69409

488,458

229,575

258,883

26 Feb 2016

DABP

Nil cost share options

0.69409

459,901

216,153

243,748

27 Feb 2017

DABP

Nil cost share options

0.69409

223,937

105,250

118,687

 

 

 

Total

7,620,773

3,581,761

4,039,012

 

Following the above transactions, Rajiv's interest in the Company's Shares (excluding unvested options under the Company's LTIP and DABP) is 4,039,012 Shares. This holding, and the net unvested Deferred Annual Bonus awards that are not subject to performance conditions, fulfils more than twice the requirement to have a minimum shareholding of 200% of basic salary that applies to the Chief Executive under the Company's approved Remuneration Policy.

 

The attached notifications, made in accordance with Article 19(3) of the EU Market Abuse Regulation, provide further information.

 

Coats Group plc

Rob Mann / Victoria Huxster

 

 

Tel: +44 (0) 20 8210 5000

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Rajiv Sharma 

b)

Position/status

Executive Director

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

Ordinary shares of £0.05

b)

Identification code/ ISIN

GB00B4YZN328

c)

Nature of the transaction

Exercise of options under the Coats Limited Interim Long Term Incentive Plan

d)

Price(s) and volume(s)

Price(s)

Volume(s)

 

 

Nil

749,781

e)

Aggregated information
- Aggregated volume
- Price

 

749,781

n/a

f)

Date of the transaction

22 December 2020  

g)

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Rajiv Sharma 

b)

Position/status

Executive Director

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

Ordinary shares of £0.05

b)

Identification code/ ISIN

GB00B4YZN328

c)

Nature of the transaction

Exercise of options under the Coats Group plc Long Term Incentive Plan ("LTIP")

d)

Price(s) and volume(s)

Price(s)

Volume(s)

 

 

Nil

1,630,833

2,506,731

1,561,132

e)

Aggregated information
- Aggregated volume
- Price

 

5,698,696

n/a

f)

Date of the transaction

22 December 2020  

g)

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Rajiv Sharma 

b)

Position/status

Executive Director

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

Ordinary shares of £0.05

b)

Identification code/ ISIN

GB00B4YZN328

c)

Nature of the transaction

Exercise of options under the Coats Group plc Deferred Annual Bonus Plan

d)

Price(s) and volume(s)

Price(s)

Volume(s)

 

 

Nil

488,458

459,901

223,937

e)

Aggregated information
- Aggregated volume
- Price

 

1,172,296

n/a

f)

Date of the transaction

22 December 2020  

g)

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Rajiv Sharma 

b)

Position/status

Executive Director

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

Ordinary shares of £0.05

b)

Identification code/ ISIN

GB00B4YZN328

c)

Nature of the transaction

Sale of exercised Coats Limited Interim Long Term Incentive Plan ("LILTIP") shares, sale of exercised Coats Group plc Long Term Incentive Plan ("LTIP") shares and sale of exercised Coats Group plc Deferred Annual Bonus Plan ("DABP") shares

d)

Price(s) and volume(s)

Price(s)

Volume(s)

 

 

£0.69409

352,397 LILTIP shares

2,678,386 LTIP shares

550,978 DABP shares

e)

Aggregated information
- Aggregated volume
- Price

 

3,581,761

£0.69409

f)

Date of the transaction

22 December 2020  

g)

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

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