REG - Costain Group PLC - Director/PDMR Shareholding

CostainAnnouncement

11/04/2018 13:20

RNS Number : 6024K
Costain Group PLC
11 April 2018
 

 
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
 


 
438,357


 
452,777




 
Anthony Bickerstaff
 


 
247,154


 
256,767




 
(b)        Share Deferral Plan
 
On 06 April 2016, 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 06 April 2018 for a period of ten years from the date of grant.
 
On 09 April 2018, 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 06 April 2018, 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 460.50 pence
 


Number of additional Shares sold, such Shares sold at a price per Share of                    460.60 pence


Number of Shares retained




 
Andrew Wyllie
 
 


 
54,416


 
Nil


 
25,576


 
14,420


 
14,420




 
Anthony Bickerstaff
 


 
36,276


 
Nil


 
17,050


 
9,613


 
9,613




 
 
 
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 54,416 NIL COST OPTIONS UNDER THE COMPANY'S 2014 SHARE DEFERRAL PLAN




c)


Price(s) and volume(s)






Price(s)


Volume(s)




Nil Cost


54,416




 
 
 




d)


Aggregated information
-  Aggregated volume
-  Price


 
N/A
 
 




e)


Date of the transaction


 
06 APRIL 2018




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 25,576 SHARES TO SATISFY TAX AND NATIONAL INSURANCE LIABILITIES




c)


Price(s) and volume(s)






Price(s)


Volume(s)




£4.605


25,576




 
 
 




d)


Aggregated information
-  Aggregated volume
-  Price


 
N/A




e)


Date of the transaction


 
06 APRIL 2018




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 14,420 SHARES




c)


Price(s) and volume(s)






Price(s)


Volume(s)




£4.606


14,420




 
 
 




d)


Aggregated information
-  Aggregated volume
-  Price


 
N/A




e)


Date of the transaction


10 APRIL 2018




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 36,276 NIL COST OPTIONS UNDER THE COMPANY'S 2014 SHARE DEFERRAL PLAN




c)


Price(s) and volume(s)






Price(s)


Volume(s)




Nil Cost


36,276




 
 
 




d)


Aggregated information
-  Aggregated volume
-  Price


 
N/A
 
 




e)


Date of the transaction


 
06 APRIL 2018




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 17,050 SHARES TO SATISFY TAX AND NATIONAL INSURANCE LIABILITIES




c)


Price(s) and volume(s)






Price(s)


Volume(s)




£4.605


17,050




 
 
 




d)


Aggregated information
-  Aggregated volume
-  Price


 
N/A




e)


Date of the transaction


 
06 APRIL 2018




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 9,613 SHARES




c)


Price(s) and volume(s)






Price(s)


Volume(s)




£4.606


9,613




 
 
 




d)


Aggregated information
-  Aggregated volume
-  Price


 
N/A




e)


Date of the transaction


 
10 APRIL 2018




f)


Place of the transaction


 
LONDON STOCK EXCHANGE



 
 
 
 



 
 
 
11 April 2018
 
Enquiries:
 
Costain Group PLC                                                                                           Tel: 01628 842444
Tracey Wood
Company Secretary
 




Instinctif Partners


                           Tel: 020 74572020




Mark Garraway
James Gray


 




 



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