Last checked at 27 Feb 2017 10:23
27 February 2017
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 | |
2 | Reason for the notification | ||
a) | Position/status | Director | |
, b) | Initial notification/ Amendment | Initial notification
| |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
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 £0.05ISIN: GB00B4YZN328
| |
b) | 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"). LTI awards vest on 27 February 2020 subject to the satisfaction of performance conditions measured over a three year performance period commencing on 1 January 2017 relating to growth in earnings per share, total shareholder return and cumulative free cash flow. The DABP awards represent a proportion of the annual bonus awarded for the year ended 31 December 2016 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 2016 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. | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
Nil Nil | 1,536,986 211,214 | ||
d) | Aggregated information- Aggregated volume- Price |
1,748,200 Nil | |
e) | Date of the transaction | 2017-2-27
| |
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |
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Enquiry details | |||
Investors | Rob Mann | Coats Group plc | +44 (0)20 8210 5175 |
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