Coats Group PLC Director/PDMR Shareholding (8706N)
September 27 2023 - 6:32AM
UK Regulatory
TIDMCOA
RNS Number : 8706N
Coats Group PLC
27 September 2023
COATS GROUP PLC
LEI: 2138003SPYWGAITNFY17
27 September 2023
Director/PDMR shareholding
Coats Group plc ("Coats" or the "Company") , the world's leading
industrial thread and footwear components manufacturer, was
notified on 27 September 2023 that Rajiv Sharma, Chief Executive
Officer and a Person Discharging Managerial Responsibilities
("PDMR"), acquired and sold ordinary shares of 5 pence each in the
Company ("Shares") following the exercise of options, which
included the right to dividend equivalents ("Dividend Shares"),
granted under the Company's Deferred Annual Bonus Plan ("DABP") as
set out below:
Date of Grant Plan Option Price Sale Price Number of Number of Number of Number of
(GBP) Shares Dividend Shares sold Shares
acquired Shares retained
acquired
Nil cost share
28 Feb 2018 DABP options 0.7405 184,542 6,835 191,377 0
------ --------------- -------------- ------------- ------------- -------------- --------------
Nil cost share
4 March 2019 DABP options 0.7405 162,044 6,729 168,773 0
------ --------------- -------------- ------------- ------------- -------------- --------------
Nil cost share
6 March 2020 DABP options 0.7405 349,640 15,590 365,230 0
------ --------------- -------------- ------------- ------------- -------------- --------------
Total 696,226 29,154 725,380 0
-------------- ------------- ------------- -------------- --------------
Following the above transactions, Rajiv's interest in the
Company's Shares (excluding outstanding options under the Company's
LTIP and DABP) is 4,596,492 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.
This notification is made in accordance with the requirements of
Article 19 of the UK Market Abuse Regulation and the Notification
of Dealing Form for the PDMR can be found below.
Enquiry
details
Victoria Huxster / Coats Group +44 (0)7880 471
Investors Julian Wais plc 350
Richard Mountain / +44 (0)20 3727
Media Nick Hasell FTI Consulting 1374
----------- -------------------- ---------------- ----------------
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Rajiv Sharma
b) Position/status Chief Executive Officer and 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 Acquisition of Shares resulting from the exercise of options under the
Coats Group plc Deferred
Annual Bonus Plan (including dividend equivalents)
d) Price(s) and volume(s) Price(s) Volume(s)
Nil 191,377
168,773
365,230
e) Aggregated information
- Aggregated volume 725,380
- Price n/a
f) Date of the transaction 26 September 2023
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 Chief Executive Officer and 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 Sale of Shares resulting from the exercise of options under the Coats Group
plc Deferred Annual
Bonus Plan (including dividend equivalents)
d) Price(s) and volume(s) Price(s) Volume(s)
GBP0.7405 725,380
e) Aggregated information
- Aggregated volume 725,380
- Price GBP537,143.89
f) Date of the transaction 26 September 2023
g) Place of the transaction London Stock Exchange, Main Market (XLON)
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHUBOAROAUKUAR
(END) Dow Jones Newswires
September 27, 2023 07:32 ET (11:32 GMT)
Coats (LSE:COA)
Historical Stock Chart
From Apr 2024 to May 2024
Coats (LSE:COA)
Historical Stock Chart
From May 2023 to May 2024
