Director/PDMR Shareholding

RNS Number : 8707R
Coats Group PLC
03 March 2023
 

3 March 2023

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

Rajiv Sharma 

b)

Position/status

Chief Executive 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 instrument, type of instrument Identification code

Share award constituting a right to acquire Ordinary shares of £0.05

 

b)

Identification code/ ISIN

GB00B4YZN328

c)

Nature of the transaction

Award of nil cost share options under the terms of the Coats Group plc Deferred Annual Bonus Plan ("DABP") as set out below: 

The DABP awards represent a proportion of the annual bonus awarded for the year ended 31 December 2022 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 2022 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)



Nil

 

 

540,688

e)

Aggregated information
- Aggregated volume
- Price

 

540,688

n/a

f)

Date of the transaction

3 March 2023 

 

g)

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

 





Enquiry details

 




Investors

Chris Dyett

Coats Group plc

+44 (0)797 497 4690





Media

Richard Mountain / Nick Hasell

FTI Consulting

+44 (0)20 3727 1374





 

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Companies

Coats Group (COA)
UK 100

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