TIDMCOA

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        Plan      Option Price      Sale Price   Number       Number       Number 
  Grant                                      (GBP)        of Shares    of Shares    of Shares 
                                                          acquired     sold         retained 
                          Nil cost share 
 26 Feb 2015    LILTIP     options          0.69409         749,781      352,397      397,384 
               --------  ----------------  -----------  -----------  -----------  ----------- 
                          Nil cost share 
 07 Apr 2015    LTIP       options          0.69409       1,630,833      766,491      864,342 
               --------  ----------------  -----------  -----------  -----------  ----------- 
                          Nil cost share 
 26 Feb 2016    LTIP       options          0.69409       2,506,731    1,178,163    1,328,568 
               --------  ----------------  -----------  -----------  -----------  ----------- 
                          Nil cost share 
 27 Feb 2017    LTIP       options          0.69409       1,561,132      733,732      827,400 
               --------  ----------------  -----------  -----------  -----------  ----------- 
                          Nil cost share 
 07 Apr 2015    DABP       options          0.69409         488,458      229,575      258,883 
               --------  ----------------  -----------  -----------  -----------  ----------- 
                          Nil cost share 
 26 Feb 2016    DABP       options          0.69409         459,901      216,153      243,748 
               --------  ----------------  -----------  -----------  -----------  ----------- 
                          Nil cost share 
 27 Feb 2017    DABP       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                 Tel: +44 (0) 20 8210 5000 
  Rob Mann / Victoria Huxster 
 
 
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          Ordinary shares of GBP0.05 
     instrument, type of instrument 
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                    749,781 
      - Price                                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          Ordinary shares of GBP0.05 
     instrument, type of instrument 
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                    5,698,696 
      - Price                                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          Ordinary shares of GBP0.05 
     instrument, type of instrument 
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                    1,172,296 
      - Price                                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,   Ordinary shares of GBP0.05 
    type of instrument 
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) 
                                               GBP0.69409                     352,397 LILTIP shares 
                                                                               2,678,386 LTIP shares 
                                                                               550,978 DABP shares 
e)  Aggregated information 
     - Aggregated volume                         3,581,761 
     - Price                                     GBP0.69409 
f)  Date of the transaction                    22 December 2020 
g)  Place of the transaction                   London Stock Exchange, Main Market (XLON) 
 

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December 23, 2020 02:00 ET (07:00 GMT)

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