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 Shares acquired | Number of Dividend Shares acquired | Number of Shares sold | Number of Shares retained |
| 28 Feb 2018 | DABP | Nil cost share options | 0.7405 | 184,542 | 6,835 | 191,377 | 0 |
| 4 March 2019 | DABP | Nil cost share options | 0.7405 | 162,044 | 6,729 | 168,773 | 0 |
| 6 March 2020 | DABP | Nil cost share 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 | | | |
| Investors | Victoria Huxster / Julian Wais | Coats Group plc | +44 (0)7880 471 350 |
| Media | Richard Mountain / Nick Hasell | FTI Consulting | +44 (0)20 3727 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 instrument, type of instrument | Ordinary shares of £0.05 | |
| 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 |
725,380 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 instrument, type of instrument | Ordinary shares of £0.05 | |
| 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) |
| | | £0.7405 | 725,380 |
| e) | Aggregated information |
725,380 £537,143.89 | |
| f) | Date of the transaction | 26 September 2023 | |
| g) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |
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