Coats Group PLC Director/PDMR Shareholding (6947F)
29 July 2016 - 8:58PM
UK Regulatory
TIDMCOA
RNS Number : 6947F
Coats Group PLC
29 July 2016
29 July 2016
Coats Group plc
Director/PDMR Shareholding
Notification of transactions of directors, persons discharging
managerial responsibility or connected persons
This notification is made in accordance with Disclosure Rule
3.1.4R(1)(a) of the Disclosure Rules and Transparency Rules.
On 29 July 2016 the following persons discharging managerial
responsibilities listed below acquired an interest over ordinary
shares of 0.05 pence each in Coats Group plc in the form of nil
cost share options under the terms of the Coats Group plc Long Term
Incentive Plan ("LTIP"). The plan was approved by shareholders on
22 May 2014.
The LTIP awards vest subject to the satisfaction of performance
conditions measured over a three year performance period commencing
on 1 January 2016 relating to growth in earnings per share, total
shareholder return and free cash flow. Other than to satisfy any
personal income tax liabilities arising from the vesting or
exercise of the awards, no shares acquired subsequent to any
exercise can be sold by the participant named below until a minimum
of five years has elapsed from the date of grant.
The maximum number of Shares which could vest under the plan is
shown opposite the name of each PDMR set out below:
Name Role Number Number
of Share of Share
Options Options
("LTIP") Total
-------------- ------ ---------- ----------
Simon Boddie PDMR 1,724,137 1,724,137
-------------- ------ ---------- ----------
Stuart Morgan
Company Secretary
29 July 2016
_________________________________________________________________________________
Enquiry details
Investors Jaideep Thatai Coats Group plc +44 (0)20 8210 5086
Media Richard Mountain / Nick Hasell FTI Consulting +44 (0)20
3727 1374
_________________________________________________________________________________
This information is provided by RNS
The company news service from the London Stock Exchange
END
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