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

CostainAnnouncement

06/09/2016 12:15

RNS Number : 0974J
Costain Group PLC
06 September 2016
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 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
Anthony Bickerstaff
201,826
224,826
(b) Long Term Incentive Plan 
On 07 May 2013, awards were granted under the Costain Group PLC 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. The Awards became exercisable on 07 May 2016 for a period of up to ten years from the date of grant.
On 05 September 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 transaction:
On 02 September 2016, the following Director exercised Awards 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, including a number of Shares sufficient 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 Awards*
Exercise Price
Number of Shares sold to satisfy Tax and National Insurance Liabilities, such Shares sold at a price per Share of 348.50 pence
Number of additional Shares sold, such Shares sold at a price per Share of 345.991 pence
Number of Shares retained 
Anthony Bickerstaff
58,408
Nil
27,452
7,956
23,000
* as adjusted following the Capital Raising in March 2014
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
ANTHONY OLIVER BICKERSTAFF
2.
Reason for the notification
a)
Position /status
GROUP FINANCE DIRECTOR 
b)
Initial notification / amendment
INITIAL NOTIFICATION
3.
Details of the Issuer
a)
Name
COSTAIN GROUP PLC
b)
LEI code
N/A
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 58,408 NIL COST OPTIONS UNDER THE COMPANY'S 2013 LTIP
c) 
Price(s) and volume(s)
Price(s)
Volume(s)
Nil Cost
58,408 
d)
Aggregated information 
- Aggregated volume 
- Price 
N/A
e) 
Date of the transaction
05 SEPTEMBER 2016
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 
b)
Initial notification / amendment
INITIAL NOTIFICATION
3.
Details of the Issuer
a)
Name
COSTAIN GROUP PLC
b)
LEI code
N/A
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 27,452 SHARES TO SATISFY TAX AND NATIONAL INSURANCE LIABILITIES 
c) 
Price(s) and volume(s)
Price(s)
Volume(s)
3.4850
27,452 
d)
Aggregated information 
- Aggregated volume 
- Price 
N/A
e) 
Date of the transaction
05 SEPTEMBER 2016
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 
b)
Initial notification / amendment
INITIAL NOTIFICATION
3.
Details of the Issuer
a)
Name
COSTAIN GROUP PLC
b)
LEI code
N/A
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 7,956 SHARES
c) 
Price(s) and volume(s)
Price(s)
Volume(s)
3.45991
7,956
d)
Aggregated information 
- Aggregated volume 
- Price 
N/A
e) 
Date of the transaction
05 SEPTEMBER 2016
f)
Place of the transaction 
LONDON STOCK EXCHANGE
06 September 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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