REG - Costain Group PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">COSG.L</Origin>

CostainAnnouncement

15/07/2015 17:11

RNS Number : 9027M
Costain Group PLC
12 May 2015
Costain Group PLC
("Costain" or "the Company")
Transactions in shares by Persons Discharging Managerial Responsibilities ("PDMRs") 
This notification is made in accordance with DTR 3.1.4(1).
(a) Total Beneficial Holding of Shares
Costain Group PLC 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 Directors hold 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 transaction detailed in the section below
Total beneficial holding of shares held following the transaction detailed in section below
Andrew Wyllie
350,000
355,000
Anthony Bickerstaff
192,826
197,826
(b) Long Term Incentive Plan 
On 09 May 2012, awards were granted under the Costain Group PLC Long Term Incentive Plan (the "Plan") to certain directors. The awards were granted in the form of nil cost options.
The awards became exercisable on 09 May 2015 for a period of up to ten years from the date of grant.
On 11 May 2015 the following directors exercised their options to acquire the number of ordinary shares of 50 pence each in the capital of the Company as set out in the table below. As noted below, these individuals sold a proportion of the resulting ordinary shares, including sufficient to satisfy their income tax and national insurance liability arising on exercise, and retained the remaining shares.
Name of Director
Total number of share options exercised*
Exercise price
Number of shares sold to satisfy Tax and National Insurance Liabilities 
Number of Shares sold (after tax)
Number of Shares retained (after tax)
Price at which shares were sold
Andrew Wyllie
111,262
nil
52,294
53,968
5,000
328.87p
Anthony Bickerstaff
73,711
nil
34,645
34,066
5,000
328.87p
* as adjusted following the Capital Raising in March 2014
The Company was informed of the above transactions on 11 May 2015.
12 May 2015
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
  END
RDSSFDSUEFISEDI