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Last checked at 
4 Mar 2022 14:51
4 March 2022
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 | Jacqueline Callaway | |
b) | Position/status | Chief Financial 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
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b) | Identification code/ ISIN | GB00B4YZN328 | |
c) | Nature of the transaction | Award of nil cost share options under the terms of the Coats Group plc Long Term Incentive Plan ("LTIP") and Deferred Annual Bonus Plan ("DABP") as set out at 1 and 2 respectively below: 1. The LTIP award vests on 4 March 2025 subject to the satisfaction of performance conditions measured over a three year performance period commencing on 1 January 2022 relating to compound annual growth in realised earnings per share in 2024, total shareholder return, cumulative free cash flow and sustainability objectives; and
2. The DABP awards represent a proportion of the annual bonus awarded for the year ended 31 December 2021 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 2021 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) |
1. Nil
2. Nil | 1. 904,157
2. 258,709 | ||
e) | Aggregated information- Aggregated volume- Price |
1,162,866 n/a | |
f) | Date of the transaction | 4 March 2022
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g) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |
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Enquiry details
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Investors | Victoria Huxster | Coats Group plc | +44 (0)7880 471350 |
| Nick Kidd | Coats Group plc | +44 (0)7770 735719 |
Media |
Richard Mountain / Nick Hasell |
FTI Consulting |
+44 (0)20 3727 1374 |
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