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

CostainAnnouncement

13/03/2017 12:15

RNS Number : 2849Z
Costain Group PLC
13 March 2017
Costain Group PLC
(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 Share Deferral Plan as detailed in section (b) below, the following 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 the section below
Total beneficial holding of Shares held following the transactions detailed in the section below
Andrew Wyllie
406,508
420,166
Anthony Bickerstaff
224,826
234,342
(b) Share Deferral Plan
On 09 March 2015, awards were granted under the Costain Group PLC 2014 Share Deferral 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 09 March 2017 for a period of ten years from the date of grant. 
On 10 March 2017, 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 09 March 2017, the following Directors exercised their Awards to acquire the number of Shares as set out in the table below. As detailed below, the Directors concerned sold a proportion of the resulting Shares, including 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 415.00 pence
Number of additional Shares sold, such Shares sold at a price per Share of 413.2105 pence
Number of Shares retained
Andrew Wyllie
51,540
Nil
24,224
13,658
13,658
Anthony Bickerstaff
35,910
Nil
16,878
9,516
9,516


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
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 51,540 NIL COST OPTIONS UNDER THE COMPANY'S 2014 SHARE DEFERRAL PLAN
c) 
Price(s) and volume(s)
Price(s)
Volume(s)
Nil Cost
51,540
d)
Aggregated information 
- Aggregated volume 
- Price 
N/A
e) 
Date of the transaction
09 MARCH 2017
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
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 24,224 SHARES TO SATISFY TAX AND NATIONAL INSURANCE LIABILITIES 
c) 
Price(s) and volume(s)
Price(s)
Volume(s)
4.15
24,224
d)
Aggregated information 
- Aggregated volume 
- Price 
N/A
e) 
Date of the transaction
09 MARCH 2017
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
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 13,658 SHARES
c) 
Price(s) and volume(s)
Price(s)
Volume(s)
4.13
13,658
d)
Aggregated information 
- Aggregated volume 
- Price 
N/A
e) 
Date of the transaction
10 MARCH 2017
f)
Place of the transaction 
LONDON STOCK EXCHANGE


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
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 35,910 NIL COST OPTIONS UNDER THE COMPANY'S 2014 SHARE DEFERRAL PLAN
c) 
Price(s) and volume(s)
Price(s)
Volume(s)
Nil Cost
35,910
d)
Aggregated information 
- Aggregated volume 
- Price 
N/A
e) 
Date of the transaction
09 MARCH 2017
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
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 16,878 SHARES TO SATISFY TAX AND NATIONAL INSURANCE LIABILITIES 
c) 
Price(s) and volume(s)
Price(s)
Volume(s)
4.15
16,878
d)
Aggregated information 
- Aggregated volume 
- Price 
N/A
e) 
Date of the transaction
09 MARCH 2017
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
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 9,516 SHARES
c) 
Price(s) and volume(s)
Price(s)
Volume(s)
4.13
9,516
d)
Aggregated information 
- Aggregated volume 
- Price 
N/A
e) 
Date of the transaction
10 MARCH 2017
f)
Place of the transaction 
LONDON STOCK EXCHANGE
13 MARCH 2017
Enquiries:
Costain Group PLC   Tel: 01628 842444
Tracey Wood
Company Secretary
Instinctif Partners
 Tel: 020 74572020
Mark Garraway
Helen Tarbet

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