Coats Group PLC Director/PDMR Shareholding (2729G)
February 28 2018 - 8:20AM
UK Regulatory
TIDMCOA
RNS Number : 2729G
Coats Group PLC
28 February 2018
28 February 2018
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
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a) Name Rajiv Sharma
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b) Position/status Director
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c) Initial notification/ Amendment Initial notification
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2 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
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a) Full name of entity Coats Group plc
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b) Legal Entity Identifier Code 2138003SPYWGAITNFY17
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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
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a) Description of the financial Ordinary shares of GBP0.05
instrument, type of instrument
Identification code
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b) Identification code/ ISIN GB00B4YZN328
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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
below:
1. LTIP awards vest on 28 February 2021 subject to the satisfaction of
performance conditions
measured over a three year performance period commencing on 1 January
2018 relating to growth
in earnings per share, total shareholder return and cumulative free
cash flow; and
2. The DABP awards represent a proportion of the annual bonus awarded
for the year ended 31
December 2017 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 2017
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.
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d) Price(s) and volume(s) Price(s) Volume(s)
------------------------------------ ------------------------------------- -------------------------------------
1. Nil 1. 1,044,578
2. Nil 2. 184,542
------------------------------------ ------------------------------------- -------------------------------------
e) Aggregated information
- Aggregated volume 1,229,120
- Price n/a
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f) Date of the transaction 28 February 2018
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g) Place of the transaction London Stock Exchange, Main Market (XLON)
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_________________________________________________________________________________
Enquiry
details
Coats Group +44 (0)20 8210
Investors Rob Mann plc 5175
_________________________________________________________________________________
This information is provided by RNS
The company news service from the London Stock Exchange
END
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