REG - Costain Group PLC - Director/PDMR Shareholding

CostainAnnouncement

10/06/2020 12:50

RNS Number : 5609P
  
Costain Group PLC
  
10 June 2020
  
 

 
 
Costain Group PLC ("Costain" or the "Company")
 
Transactions in shares by Persons Discharging Managerial Responsibilities ("PDMRs") 
This announcement is made in relation to awards granted under the Costain Group PLC 2014 Long Term Incentive Plan ("the LTIP") and 2014 Share Deferral Plan ("the SDP"). These awards are structured as nil cost options over a certain number of shares ("Awards").
Following the completion of the Capital Raising announced by the Company on 7 May 2020 and pursuant to the rules of the LTIP and SDP, the Company's Remuneration Committee has determined that certain adjustments should be made to the number of shares under the Awards and, for the LTIP, to the Earnings Per Share ("EPS") performance targets. Details of the adjustments in respect of Awards held by directors of the Company, which have made on the same basis as to all participants with outstanding awards, are set out below.
LTIP




Name of Director


Date of Grant


Number of shares under Award before adjustment


Number of shares under Award after adjustment


EPS performance conditions prior to adjustment 
 
 


EPS performance conditions after adjustment 
 
 




 


 


 


 


Aggregate EPS      
targets over the 
three financial
years commencing with the year of grant
 


Vesting of portion of Awards subject to the EPS measure
 


Aggregate EPS      
targets over the 
three financial
years commencing with the year of grant
 


Vesting of that portion of Awards subject to EPS measure




 
Alex
Vaughan
 


 
04 April 2018
 
 
 
 
 
 
07 May 2019


 
20,130
 
 
 
 
 
 
130,769


 
21,388
 
 
 
 
 
 
138,942


 
117.2 pence                    15%
128.9 pence or more       100%
117.2 to 128.9 pence      15% to 100%                                   on a straight line basis
 
 
128.2 pence                     15%
141.0 pence or more        100%
128.2 to 141.0 pence         15% to 100%                                 on a straight line basis


 
99.44 pence                   15%
109.37 pence or more    100%
99.44 to 109.37 pence   15% to100%                                on a straight line basis
 
 
108.77 pence                  15%
119.63 pence or more     100%
108.77 to 119.63 pence   15% to 100%                                       on a straight line basis




 


 


 


 


 


 




 
Tony Bickerstaff
 


 
 
09 March 2015
 
 
 
06 April 2016
 
 
 
04 April 2018
 
 
 
 
 
 
07 May 2019


 
 
51,098
(incl. known dividend shares)
 
43,956
 
 
 
69,370
 
 
 
 
 
 
100,368


 
 
54,291
 
 
 
 
46,703
 
 
 
73,705
 
 
 
 
 
 
106,641


 
 
N/A (Remaining 50% of original award vested 5 years from grant but unexercised)
 
 
N/A (Remaining 50% of original award to vest 5 years from grant)
 
 
117.2 pence                     15%
128.9 pence or more       100%
117.2 to 128.9 pence      15% to 100%                                 on a straight line basis
 
 
128.2 pence                     15%
141.0 pence or more       100%
128.2 to 141.0 pence      15% to 100%                                 on a straight line basis


 
 
N/A (Remaining 50% of original award vested 5 years from grant but unexercised)
 
 
N/A (Remaining 50% of original award to vest 5 years from grant)
 
 
99.44 pence                   15%
109.37 pence or more    100%
99.44 to109.37 pence    15% to100%                                on a straight line basis
 
 
108.77 pence                  15%
119.63 pence or more     100%
108.77 to 119.63 pence   15% to 100%                                       on a straight line basis




 


 


 


 


 


 



 
 
 
 
 
 
 
 



 
        
 
 
 
 
 
 
 
SDP
 
 




Name of Director


Date of Grant


Number of shares under Award before adjustment


Number of shares under Award after adjustment




 


 


 


 




 
Alex Vaughan
 


 
04 April 2018
 
 
 
 
03 April 2019


 
21,963
(incl. known dividend shares)
 
 
16,076


 
23,335
 
 
 
 
17,080




 


 


 


 




 
Tony Bickerstaff
 


 
04 April 2018
 
 
 
 
03 April 2019


 
49,717
(incl. known dividend shares)
 
 
29,225
 


 
52,824
 
 
 
 
31,051
 




 
 
10 June 2020
 
 




Enquiries:


 




Costain Group PLC


Tel:  01628 842 444




Tracey Wood, Company Secretary


 




 


 




 


 




MHP Communications

Tim Rowntree, Peter Hewer 


Tel:  020 3128 8100
costain@mhpc.com
 
 




 
 
 
 
 
                                                                                              
 


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