RNS Number : 1958G
Coats Group PLC
08 March 2024
 

8 March 2024

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 

b)

Position/status

Chief Executive 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

 

b)

Identification code/ ISIN

GB00B4YZN328

c)

Nature of the transaction

Award of nil cost share options under the terms of the Coats Group plc Deferred Annual Bonus Plan ("DABP") as set out below:       

The DABP awards represent a proportion of the annual bonus awarded for the year ended 31 December 2023 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 2023 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)



Nil

 

 

505,345

e)

Aggregated information
- Aggregated volume
- Price

 

505,345

n/a

f)

Date of the transaction

7 March 2024 

 

g)

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

 





Enquiry details

 




Investors

Julian Wais

Coats Group plc

+44 (0)797 497 4690





Media

Richard Mountain / Nick Hasell

FTI Consulting

+44 (0)20 3727 1374





 

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
 
 
DSHUWUURSOUORAR