REG - Costain Group PLC - Director/PDMR Shareholding

CostainAnnouncement

09/04/2019 11:20

RNS Number : 6302V
Costain Group PLC
09 April 2019
 


 
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 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
 


 
454,611


 
476,330




 
Anthony Bickerstaff
 


 
258,601


 
272,992
 



 
(b)        Share Deferral Plan
 
On 5 April 2017, 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 5 April 2019 for a period of ten years from the date of grant.
 
On 8 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 5 April 2019, 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 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 357.00 pence
 


Number of Shares retained




 
Andrew Wyllie
 
 


 
40,981


 
Nil


 
19,262


 
21,719
(In the name of Jane Morag Wyllie)
 




 
Anthony Bickerstaff
 


 
27,153


 
Nil


 
12,762
 
 


 
14,391
 



 
 




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 40,981 NIL COST OPTIONS UNDER THE COMPANY'S 2014 SHARE DEFERRAL PLAN




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Nil Cost


40,981



 
 
 




d)


Aggregated information
-  Aggregated volume
-  Price


 
N/A
 
 




e)


Date of the transaction


 
5 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 19,262 SHARES TO SATISFY TAX AND NATIONAL INSURANCE LIABILITIES




c)


Price(s) and volume(s)





Price(s)


Volume(s)




£3.57


19,262



 
 
 




d)


Aggregated information
-  Aggregated volume
-  Price


 
N/A




e)


Date of the transaction


 
5 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 27,153 NIL COST OPTIONS UNDER THE COMPANY'S 2014 SHARE DEFERRAL PLAN




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Nil Cost


27,153



 
 
 




d)


Aggregated information
-  Aggregated volume
-  Price


 
N/A
 
 




e)


Date of the transaction


 
5 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




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 12,762 SHARES TO SATISFY TAX AND NATIONAL INSURANCE LIABILITIES




c)


Price(s) and volume(s)





Price(s)


Volume(s)




£3.57


12,762



 
 
 




d)


Aggregated information
-  Aggregated volume
-  Price


 
N/A




e)


Date of the transaction


 
5 APRIL 2019




f)


Place of the transaction


 
OUTSIDE A TRADING VENUE









 
09 APRIL 2019
 
Enquiries:
 
Costain Group PLC                                                                                          Tel: 01628 842444
Tracey Wood
Company Secretary
 



Instinctif Partners


                           Tel: 020 74572020




Mark Garraway
James Gray


 



 




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