Director/PDMR Shareholding
Coats Group plc announced that Chief Executive Officer David Paja and Chief Financial Officer Hannah Nichols were granted nil cost share options under the Long Term Incentive Plan on March 27, 2026. Mr. Paja received 1,573,081 options, and Ms. Nichols received 849,573 options, with vesting contingent on performance conditions related to Earnings Per Share CAGR, Cumulative Free Cash Flow, Total Shareholder Return, and sustainability targets over the period January 1, 2026, to December 31, 2028.
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| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | David Paja | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Executive Officer and Executive Director | |
| b) | Initial notification/Amendment | Initial notification | |
| 3 | Details of the issuer, UK emission allowance market participant, auction platform or auctioneer | ||
| a) | Name | Coats Group plc | |
| b) | LEI | 2138003SPYWGAITNFY17 | |
| a) | Description of the financial instrument, type of instrument Identification code | Share award constituting a right to acquire Ordinary shares of £0.05 GB00B4YZN328 | |
| b) | Nature of the transaction | Grant of nil cost share options under the terms of the Coats Group plc Long Term Incentive Plan ("LTIP") the performance conditions are set out in the attached Appendix 1. | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| LTIP | Nil | 1,573,081 | |
| d) | Aggregated information · - Aggregated volume · - Price | 1,573,081 n/a | |
| e) | Date of the transaction | 2026-03-27 | |
| f) | Place of the transaction | Outside a trading venue | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Hannah Nichols | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Financial Officer and Executive Director | |
| b) | Initial notification/Amendment | Initial notification | |
| 3 | Details of the issuer, UK emission allowance market participant, auction platform or auctioneer | ||
| a) | Name | Coats Group plc | |
| b) | LEI | 2138003SPYWGAITNFY17 | |
| a) | Description of the financial instrument, type of instrument Identification code | Share award constituting a right to acquire Ordinary shares of £0.05 GB00B4YZN328 | |
| b) | Nature of the transaction | Grant of nil cost share options under the terms of the Coats Group plc Long Term Incentive Plan ("LTIP") the performance conditions are set out in the attached Appendix 1. | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| LTIP | Nil | 849,573 | |
| d) | Aggregated information · - Aggregated volume · - Price | 849,573 n/a | |
| e) | Date of the transaction | 2026-03-27 | |
| f) | Place of the transaction | Outside a trading venue | |
| Enquiry details | |||
| Investors | Chris Dyett | Coats Group plc | +44 (0)797 497 4690 |
| Media | Nick Hasell Victoria Hayns | FTI Consulting | +44 (0) 20 3727 1340 |
Appendix 1
Coats Group plc - 2026 Long Term Incentive Award - Performance Schedule
Introduction
The following schedule sets out the performance conditions that applies to the 2026 Coats Group PLC Long Term Incentive award. The performance period is 1 January 2026 to 31 December 2028.
Performance Measures & Weighting
The award has four performance measures and is weighted as set out below.
| Measure | Weighting (% of total award) | Definition 1 |
|---|---|---|
| Coats Group plc Earnings Per Share Compound Annual Growth (CAGR) | 30% | The Compound Annual Growth (CAGR) in EPS achieved in the performance period. The Board will consider the CAGR in Normalised EPS which is EPS, adjusted to exclude exceptional items such as property gains or losses. |
| Cumulative FCF | 25% | The total free cash flow after interest, tax, minority interests and exceptionals, but before dividend distribution and M&A over 3 year performance period |
| Total Shareholder Return | 25% | The total returns to shareholders which includes share price growth and ordinary dividend payments. The performance condition is measured against a comparator group consisting of the FTSE250 minus investment trusts. |
| Sustainability | 20% | Achievement of 3 independent equally weighted Sustainability goals. |
| TOTAL | 100% |
- Subject to such adjustments as required by the Committee to ensure the performance condition fulfils its original intent.
Performance Targets and Vesting Schedule
| EPS CAGR (adjusted if necessary) | Threshold | Maximum |
|---|---|---|
| EPS CAGR in the period from 2026 to 2028. Measured from the 2025 base year | 4% | 12% |
| Vesting (The proportion of the award for this measure that vests) | 25% | 100% |
| Cumulative FCF | Threshold | Maximum |
| Cumulative FCF over the period 2026 to 2028 | $400m | $500m |
| Vesting (The proportion of the award for this measure that vests) | 25% | 100% |
| Total Shareholder Return | Threshold | Maximum |
| Ranking Position vs FTSE250 (excluding investment trusts) | Median | Upper Quartile |
| Vesting (The proportion of the award for this measure that vests) | 25% | 100% |
| Sustainability (all excluding OrthoLite) | Threshold | Maximum |
| Absolute reduction in Scope 1&2 emissions in tonnes from 2019 baseline | 58% | 68% |
| Absolute reduction in Scope 3 emissions in tonnes from 2019 baseline | 25% | 29% |
| Percentage of females in senior leadership roles | 34% | 38% |
| Vesting (The proportion of the award for this measure that vests) | 25% | 100% |
There is a proportionate straight-line vesting for performance between each of the targets shown above.
The range of performance targets have been set with reference to internal planning and external market expectations for the Company's future performance and are considered similarly challenging to the targets set in prior years allowing for current market conditions. The Committee would consider appropriate adjustments to the financial performance targets to extent the Company undertook material acquisitions or divestments, or share buybacks, during the period from 1 January 2026 to 31 December 2028.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.