Director/PDMR Shareholding

RNS Number : 3791Y
Costain Group PLC
16 May 2016
 

 

Costain Group PLC
("Costain" or "the Company")

 

Transactions in shares by Persons Discharging Managerial Responsibilities ("PDMRs")

This notification is made in accordance with DTR 3.1.4R (1) (a).

 

(a)  Total Beneficial Holding of Shares

Costain announces that, following the exercise of share awards granted under the Company's Long Term Incentive Plan as detailed in section (b) below, the following Director held the number of ordinary shares of 50 pence each in the share capital of the Company (the 'Shares') as set out in the table below:

 

Name of Director

Total beneficial holding of Shares held prior to the transactions detailed in the section below

Total beneficial holding of Shares held following the transactions detailed in the section below

Andrew Wyllie

360,000

406,508

 

(b)   Long Term Incentive Plan

On 07 May 2013, awards were granted under the Costain Group PLC Long Term Incentive Plan (the "Plan") to certain Directors of the Company. The awards were granted in the form of options with a nil exercise price over a fixed number of Shares (the "Award"). No consideration was paid for the grant of the Award. The Award became exercisable on 07 May 2016 for a period of up to ten years from the date of grant.

On 16 May 2016, the Company was advised that ACS HR Solutions Share Plan Services (Guernsey) Limited, as Trustee of the Costain Group Employee Trust, had undertaken the following transactions:

On 13 May 2016, the following Director exercised his options to acquire the number of Shares as set out in the table below. As detailed below, the director concerned sold a proportion of the resulting Shares, in order to satisfy his income tax and national insurance liability arising on exercise, and retained the remaining Shares.

 

Name of Director

 

 

 

 

 

 

Total number of Shares acquired on exercise of the Award*

 

 

 

 

 

Number of shares sold to satisfy Tax and National Insurance Liabilities, such Shares sold at a price per Share of 328 pence

 

 

 

Number of Shares retained

Andrew Wyllie

 

87,751

41,243

46,508

* as adjusted following the Capital Raising in March 2014

 16 May 2016

Enquiries:

Costain Group PLC                                                                                            Tel: 01628 842444
Tracey Wood

Company Secretary

 

Instinctif Partners

                           Tel: 020 7457 2020

Mark Garraway

Helen Tarbet


 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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