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: [phone]
Tracey Wood

Company Secretary

Instinctif Partners	Tel: [phone]
Mark Garraway James Gray

 

END

 

 

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