REG - Costain Group PLC - Director/PDMR Shareholding

CostainAnnouncement

09/04/2024 16:30

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RNS Number : 9103J  Costain Group PLC  09 April 2024

 

Costain Group PLC (the Company)

9 April 2024

 

 

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 (SDP) as detailed in section (b) below,
Alex Vaughan, chief executive officer, 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  Total beneficial holding of Shares held following the transactions detailed in
                   section (b) below                                                              section (b) below

 Alex Vaughan      252,239                                                                        570,737

 

(b)        Vesting of Share Deferral Plan (SDP)

 

On 6 April 2022, awards were granted under the Costain Group PLC 2014 Share
Deferral Plan to certain Directors and employees 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 vested on 6 April 2024 and became exercisable for a
period of ten years from the date of grant.

 

On 9 April 2024, the Company was advised that Buck Trustees (Guernsey)
Limited, as Trustee of the Costain Group Employee Trust, had undertaken the
following transaction:

 

On 8 April 2024, Alex Vaughan exercised his Award to acquire the number of
Shares as set out in the table below. Also as detailed below, Alex sold a
number of Shares sufficient to satisfy his income tax and national insurance
liability arising on exercise and retained the remaining Shares.

 

 Name of        Total number of Shares acquired on exercise of Awards (including Dividend  Exercise Price  Number of Shares sold to satisfy Tax and National Insurance Liabilities, such  Number of Shares retained (by transfer to spouse)

              Shares accrued at vesting)                                                                 Shares sold at a price per Share of 77.8 pence
 Director

 Alex Vaughan   600,941                                                                    Nil             282,443                                                                        318,498

The Notification of Dealing Form set out below is provided in accordance with
the requirements of the Market Abuse Regulation.

Notification of Dealing Form

 

 1.  Details of the Person Discharging Managerial Responsibility ("PDMR") / person
     closely associated with them ("PCA")
 a)  Name                                                         ALEXANDER JOHN VAUGHAN
 2.  Reason for the notification
 a)  Position /status                                                                                     CHIEF EXECUTIVE OFFICER/ 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                                    (1)  EXERCISE OF NIL COST OPTIONS UNDER THE COMPANY'S 2014 SHARE DEFERRAL
                                                                  PLAN (2022 SDP GRANT)

                                                                  (2)  SALE OF SHARES TO SATISFY TAX AND NI LIABILITIES
 c)  Price(s) and volume(s)                                       Price(s)        Volume(s)
                                                                  (1)  Nil Cost   600,941
                                                                  (2)  £0.778     282,443

 

 d)  Aggregated information

     -  Aggregated volume                                         Total number of Shares vested - 600,941

     -  Price

                                                                  Total number of Shares sold to cover Tax and NI - 282,443

                                                                  Total price - £219,740.65
 e)  Date of the transaction

                                                                  8 APRIL 2024
 f)  Place of the transaction

                                                                  (1)  and (2) OUTSIDE A TRADING VENUE

 

 

 

d)

Aggregated information

-  Aggregated volume

-  Price

 

Total number of Shares vested - 600,941

 

Total number of Shares sold to cover Tax and NI - 282,443

 

Total price - £219,740.65

e)

Date of the transaction

 

8 APRIL 2024

f)

Place of the transaction

 

(1)  and (2) OUTSIDE A TRADING VENUE

 

Enquiries:

 

 Investors and analysts      paul.sharma@costain.com

 Paul Sharma, Costain        +44 (0)7867 501188

 Financial media - Headland  costain@headlandconsultancy.com (mailto:costain@headlandconsultancy.com)
 Andy Rivett-Carnac          +44 (0)7968 997365

 Charlie Twigg               +44 (0)7946 494568 (tel:+44%20(0)79%204649%204568)

 

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