Director/PDMR Shareholding

RNS Number : 7647V
Costain Group PLC
10 April 2019
 

 

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

 

EXERCISE OF NIL COST OPTIONS

 

(a)   Total Beneficial Holding of Shares

 

Costain announces that, following the exercise of share awards granted under the Company's 2014 Long Term Incentive Plan as detailed in section (b) below, the following Executive Directors 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 section (b) below

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

 

Andrew Wyllie

 

 

476,330

 

515,340

 

Anthony Bickerstaff

 

 

272,992

 

298,840

 

(b)   Long Term Incentive Plan

 

On 6 April 2016, awards were granted under the Costain Group PLC 2014 Long Term Incentive 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 "Awards"). No consideration was paid for the grant of the Awards. 50% of the Awards that are capable of vesting became exercisable on 6 April 2019, whilst the remaining 50% are due to become exercisable on the fifth anniversary of the date of grant (with no further performance conditions required).  The Awards are exercisable, upon vesting, for a period of ten years from the date of grant provided the Director remains an employee or officer of the Company. Andrew Wyllie, who retires on  6 September 2019, will have until 5 April 2022 in which to exercise the remaining 50%.

 

On 9 April 2019, the Company was advised that Buck Trustees (Guernsey) Limited, as Trustee of the Costain Group Employee Trust, had undertaken the following transaction:

On 8 April 2019, the Executive Directors exercised Awards to acquire the number of Shares as set out in the table below. As detailed below, the Directors concerned sold a number of Shares sufficient to satisfy their 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 Awards

Exercise Price

Number of Shares sold to satisfy Tax and National Insurance Liabilities, such Shares sold at a price per Share of 355.00 pence

Number of Shares retained

 

Andrew Wyllie

 

 

73,604

 

Nil

 

34,594

 

39,010

 

Anthony Bickerstaff

 

48,771

 

Nil

 

22,923

 

 

25,848

 

 

 

 

 

The Notification of Dealing Forms set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

Notification of Dealing Form

 

1.

Details of the Person Discharging Managerial Responsibility ("PDMR") / person closely associated with them ("PCA")

a)

Name

ANDREW WYLLIE

 

2.

Reason for the notification

a)

Position /status

CHIEF EXECUTIVE/ PDMR

b)

Initial notification / amendment

INITIAL NOTIFICATION

3.

Details of the Issuer

a)

Name

COSTAIN GROUP PLC

b)

LEI code

213800PKIJBZ2EDTKC88

4.

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

 

ORDINARY SHARES OF 50 PENCE EACH

 

ISIN:  GB00B64NSP76

b)

Nature of the transaction

EXERCISE OF 73,604 NIL COST OPTIONS UNDER THE COMPANY'S 2014 LTIP

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil Cost

73,604

 

 

 

d)

Aggregated information

Aggregated volume

Price

 

N/A

 

 

 

e)

Date of the transaction

 

8 APRIL 2019

f)

Place of the transaction

 

OUTSIDE A TRADING VENUE

       

 

 

 

 

Notification of Dealing Form

 

1.

Details of the Person Discharging Managerial Responsibility ("PDMR") / person closely associated with them ("PCA")

a)

Name

ANDREW WYLLIE

 

2.

Reason for the notification

a)

Position /status

CHIEF EXECUTIVE/ PDMR

b)

Initial notification / amendment

INITIAL NOTIFICATION

3.

Details of the Issuer

a)

Name

COSTAIN GROUP PLC

b)

LEI code

213800PKIJBZ2EDTKC88

4.

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

 

ORDINARY SHARES OF 50 PENCE EACH

 

ISIN:  GB00B64NSP76

b)

Nature of the transaction

SALE OF 34,594 SHARES TO SATISFY TAX AND NATIONAL INSURANCE LIABILITIES

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£3.55

34,594

 

 

 

d)

Aggregated information

Aggregated volume

Price

 

N/A

 

e)

Date of the transaction

 

8 APRIL 2019

f)

Place of the transaction

 

OUTSIDE A TRADING VENUE

       

 

 

 

 

Notification of Dealing Form

 

1.

Details of the Person Discharging Managerial Responsibility ("PDMR") / person closely associated with them ("PCA")

a)

Name

ANTHONY OLIVER BICKERSTAFF

 

2.

Reason for the notification

a)

Position /status

GROUP FINANCE DIRECTOR/ PDMR

b)

Initial notification / amendment

INITIAL NOTIFICATION

3.

Details of the Issuer

a)

Name

COSTAIN GROUP PLC

b)

LEI code

213800PKIJBZ2EDTKC88

4.

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

 

ORDINARY SHARES OF 50 PENCE EACH

 

ISIN:  GB00B64NSP76

b)

Nature of the transaction

EXERCISE OF 48,771 NIL COST OPTIONS UNDER THE COMPANY'S 2014 LTIP

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil Cost

48,771

 

 

 

d)

Aggregated information

Aggregated volume

Price

 

N/A

 

 

 

e)

Date of the transaction

 

8 APRIL 2019

f)

Place of the transaction

 

OUTSIDE A TRADING VENUE

       

 

 

 

 

Notification of Dealing Form

 

1.

Details of the Person Discharging Managerial Responsibility ("PDMR") / person closely associated with them ("PCA")

a)

Name

ANTHONY OLIVER BICKERSTAFF

 

2.

Reason for the notification

a)

Position /status

GROUP FINANCE DIRECTOR/ PDMR

b)

Initial notification / amendment

INITIAL NOTIFICATION

3.

Details of the Issuer

a)

Name

COSTAIN GROUP PLC

b)

LEI code

213800PKIJBZ2EDTKC88

4.

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

 

ORDINARY SHARES OF 50 PENCE EACH

 

ISIN:  GB00B64NSP76

b)

Nature of the transaction

SALE OF 22,923 SHARES TO SATISFY TAX AND NATIONAL INSURANCE LIABILITIES

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£3.55

22,923

 

 

 

d)

Aggregated information

Aggregated volume

Price

 

N/A

 

e)

Date of the transaction

 

8 APRIL 2019

f)

Place of the transaction

 

OUTSIDE A TRADING VENUE

       

 

 

           10 April 2019

 

 

Enquiries:

Costain Group PLC                                                                                        Tel: 01628 842444
Tracey Wood

Company Secretary

 

Instinctif Partners

                           Tel: 020 7457 2020

Mark Garraway

James Gray

 

 


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