Director/PDMR Shareholding

Coats Group PLC
27 September 2023
 

COATS GROUP PLC

LEI: 2138003SPYWGAITNFY17

 

27 September 2023

 

Director/PDMR shareholding

 

Coats Group plc ("Coats" or the "Company"), the world's leading industrial thread and footwear components manufacturer, was notified on 27 September 2023 that Rajiv Sharma, Chief Executive Officer and a Person Discharging Managerial Responsibilities ("PDMR"), acquired and sold ordinary shares of 5 pence each in the Company ("Shares") following the exercise of options, which included the right to dividend equivalents ("Dividend Shares"), granted under 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 Dividend Shares acquired

Number of Shares sold

Number of Shares retained

28 Feb 2018

DABP

Nil cost share options

0.7405

184,542

6,835

191,377

0

4 March 2019

DABP

Nil cost share options

0.7405

162,044

6,729

168,773

 0

6 March 2020

DABP

Nil cost share options

0.7405

349,640

15,590

365,230

 0




Total

696,226

29,154

725,380

0

 

Following the above transactions, Rajiv's interest in the Company's Shares (excluding outstanding options under the Company's LTIP and DABP) is 4,596,492 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.

 

This notification is made in accordance with the requirements of Article 19 of the UK Market Abuse Regulation and the Notification of Dealing Form for the PDMR can be found below.

 

Enquiry details




Investors

Victoria Huxster / Julian Wais

Coats Group plc

+44 (0)7880 471 350

Media

Richard Mountain / Nick Hasell

FTI Consulting

+44 (0)20 3727 1374

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Rajiv Sharma 

b)

Position/status

Chief Executive Officer and 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

Acquisition of Shares resulting from the exercise of options under the Coats Group plc Deferred Annual Bonus Plan (including dividend equivalents)

d)

Price(s) and volume(s)

Price(s)

Volume(s)



Nil

191,377

168,773

365,230

e)

Aggregated information
- Aggregated volume
- Price

 

725,380

n/a

f)

Date of the transaction

26 September 2023  

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

Chief Executive Officer and 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 Shares resulting from the exercise of options under the Coats Group plc Deferred Annual Bonus Plan (including dividend equivalents)

d)

Price(s) and volume(s)

Price(s)

Volume(s)



£0.7405

725,380

e)

Aggregated information
- Aggregated volume
- Price

 

725,380

£537,143.89

f)

Date of the transaction

26 September 2023

g)

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

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END
 
 

Companies

Coats Group (COA)
UK 100