REG - Costain Group PLC - Director/PDMR Shareholding

CostainAnnouncement

30/10/2024 10:30

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RNS Number : 2441K  Costain Group PLC  30 October 2024

 

Costain Group PLC (the Company or Costain)

30 October 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,
Helen Willis, chief financial officer, held the number of ordinary shares of 1
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

 Helen Willis      0                                                                              132,248

 

(b)        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 29 October 2024, the Company was advised that Buck Trustees (Guernsey)
Limited, as Trustee of the Costain Group Employee Trust, had undertaken the
following transaction:

 

On 28 October 2024, Helen Willis exercised her Award to acquire the number of
Shares as set out in the table below. Also as detailed below, Helen sold a
number of Shares sufficient to satisfy her income tax and national insurance
liability arising on exercise and then, in line with the Company's
remuneration policy, Helen retained 50% and sold 50% of 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 additional Shares sold at a price per Share of 106.75 pence  Number of Shares retained*

             Shares accrued at vesting)                                                                 Shares sold at a price per Share of 107.00 pence
 Director

 Helen Willis  499,052                                                                    Nil             234,555                                                                        132,249                                                                132,248

 

* transferred to spouse, retaining the beneficial ownership of the shares.

 

 

 

 

 

 

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                                                         HELEN MARGARET WILLIS
 2.  Reason for the notification
 a)  Position /status                                             CHIEF FINANCIAL 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 1 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   499,052
                                                                  (2)  £1.07      234,555

 

 d)  Aggregated information

     -  Aggregated volume                                         Total number of Shares vested - 499,052

                                                                  Number of Shares sold to cover Tax and NI - 234,555

     -  Price                                                     Total price - £250,973.85

 e)  Date of the transaction                                      (1)  28 OCTOBER 2024

                                                                  (2)  28 OCTOBER 2024

 f)  Place of the transaction                                     (1)  OUTSIDE A TRADING VENUE

                                                                  (2)  OUTSIDE A TRADING VENUE

 

 

 

d)

Aggregated information

-  Aggregated volume

 

 

 

-  Price

 

Total number of Shares vested - 499,052

 

Number of Shares sold to cover Tax and NI - 234,555

 

Total price - £250,973.85

 

e)

Date of the transaction

(1)  28 OCTOBER 2024

(2)  28 OCTOBER 2024

 

f)

Place of the transaction

(1)  OUTSIDE A TRADING VENUE

(2)  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                                                         HELEN MARGARET WILLIS
 2.  Reason for the notification
 a)  Position /status                                             CHIEF FINANCIAL 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 1 PENCE EACH

                                                                  ISIN:  GB00B64NSP76
 b)  Nature of the transaction                                    SALE OF SHARES
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  £1.0675   132,249

 

 d)  Aggregated information

     -  Aggregated volume                                         Total number of shares sold - 132,249

     -  Price                                                     Total price - £141,175.81

 e)  Date of the transaction                                      29 OCTOBER 2024
 f)  Place of the transaction                                     LONDON STOCK EXCHANGE

 

 

 

d)

Aggregated information

-  Aggregated volume

 

-  Price

 

Total number of shares sold - 132,249

 

Total price - £141,175.81

 

e)

Date of the transaction

29 OCTOBER 2024

f)

Place of the transaction

LONDON STOCK EXCHANGE

 

Enquiries:

 

 Investors and analysts      paul.sharma@costain.com (mailto: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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