Director/PDMR Shareholding

Coats Group PLC

30 March 2026

 

30 March 2026

Coats Group plc

Director/PDMR Shareholding

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	David Paja
2	Reason for the notification
a)	Position/status	Chief Executive Officer and Executive Director
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, UK emission allowance market participant, auction platform or auctioneer
a)	Name	Coats Group plc
b)	LEI	2138003SPYWGAITNFY17
4	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 GB00B4YZN328
b)	Nature of the transaction	Grant of nil cost share options under the terms of the Coats Group plc Long Term Incentive Plan ("LTIP") the performance conditions are set out in the attached Appendix 1.
c)	Price(s) and volume(s)		Price(s)	Volume(s)
		LTIP	Nil	1,573,081
d)	Aggregated information ·      - Aggregated volume ·      - Price	1,573,081 n/a
e)	Date of the transaction	2026-03-27
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Hannah Nichols
2	Reason for the notification
a)	Position/status	Chief Financial Officer and Executive Director
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, UK emission allowance market participant, auction platform or auctioneer
a)	Name	Coats Group plc
b)	LEI	2138003SPYWGAITNFY17
4	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 GB00B4YZN328
b)	Nature of the transaction	Grant of nil cost share options under the terms of the Coats Group plc Long Term Incentive Plan ("LTIP") the performance conditions are set out in the attached Appendix 1.
c)	Price(s) and volume(s)			Price(s)	Volume(s)
		LTIP	Nil		849,573
d)	Aggregated information ·      - Aggregated volume ·      - Price	849,573 n/a
e)	Date of the transaction	2026-03-27
f)	Place of the transaction	Outside a trading venue

Enquiry details
Investors	Chris Dyett	Coats Group plc	[phone]
Media	Nick Hasell Victoria Hayns	FTI Consulting	[phone]

About Coats Group plc

Coats is a world-leading Tier 2 manufacturer and trusted partner for the apparel and footwear industries. We deliver essential materials, components, and software solutions that help our customers grow, compete and win.

With over 250 years of industry expertise, we're shaping the future of the apparel and footwear supply chain through insight-led innovation, impactful sustainability practices, and digital technologies that unlock better product quality, efficiency and performance.

Headquartered in the UK, Coats is a FTSE 250 company and a constituent of the FTSE4Good Index. In 2025, we generated $1.5 billion in revenue and employed c.19,000 people worldwide - all united by a spirit of innovation, quality and service. Learn more at www.coats.com or follow us on LinkedIn.

Appendix 1

Coats Group plc - 2026 Long Term Incentive Award - Performance Schedule

Introduction

The following schedule sets out the performance conditions that applies to the 2026 Coats Group PLC Long Term Incentive award. The performance period is 1 January 2026 to 31 December 2028.

Performance Measures & Weighting

The award has four performance measures and is weighted as set out below.

Measure	Weighting (% of total award)	Definition1
Coats Group plc Earnings Per Share Compound Annual Growth (CAGR)	30%	The Compound Annual Growth (CAGR) in EPS achieved in the performance period.  The Board will consider the CAGR in Normalised EPS which is EPS, adjusted to exclude exceptional items such as property gains or losses.
Cumulative FCF	25%	The total free cash flow after interest, tax, minority interests and exceptionals, but before dividend distribution and M&A over 3 year performance period
Total Shareholder Return	25%	The total returns to shareholders which includes share price growth and ordinary dividend payments.  The performance condition is measured against a comparator group consisting of the FTSE250 minus investment trusts.
Sustainability	20%	Achievement of 3 independent equally weighted Sustainability goals.
TOTAL	100%

1.     Subject to such adjustments as required by the Committee to ensure the performance condition fulfils its original intent. 

Performance Targets and Vesting Schedule

EPS CAGR (adjusted if necessary)	Threshold	Maximum
EPS CAGR in the period from 2026 to 2028. Measured from the 2025 base year	4%	12%
Vesting (The proportion of the award for this measure that vests)	25%	100%
Cumulative FCF	Threshold	Maximum
Cumulative FCF over the period 2026 to 2028	$400m	$500m
Vesting (The proportion of the award for this measure that vests)	25%	100%
Total Shareholder Return	Threshold	Maximum
Ranking Position vs FTSE250 (excluding investment trusts)	Median	Upper Quartile
Vesting (The proportion of the award for this measure that vests)	25%	100%
Sustainability (all excluding OrthoLite)	Threshold	Maximum
Absolute reduction in Scope 1&2 emissions in tonnes from 2019 baseline	58%	68%
Absolute reduction in Scope 3 emissions in tonnes from 2019 baseline	25%	29%
Percentage of females in senior leadership roles	34%	38%
Vesting (The proportion of the award for this measure that vests)	25%	100%

There is a proportionate straight-line vesting for performance between each of the targets shown above. 

The range of performance targets have been set with reference to internal planning and external market expectations for the Company's future performance and are considered similarly challenging to the targets set in prior years allowing for current market conditions.  The Committee would consider appropriate adjustments to the financial performance targets to extent the Company undertook material acquisitions or divestments, or share buybacks, during the period from 1 January 2026 to 31 December 2028.  

 

END