TIDMCOST
RNS Number : 2849Z
Costain Group PLC
13 March 2017
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 Total beneficial holding
holding of Shares of Shares held following
held prior to the transactions detailed
the transactions in the section below
detailed in the
section below
----------------------- ------------------- ---------------------------
Andrew Wyllie 406,508 420,166
----------------------- ------------------- ---------------------------
Anthony Bickerstaff 224,826 234,342
----------------------- ------------------- ---------------------------
(b) Share Deferral Plan
On 09 March 2015, 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 09 March 2017 for a period of ten years from
the date of grant.
On 10 March 2017, 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 09 March 2017, 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 Total Exercise Number of Number of Number of
of number Price Shares sold additional Shares retained
Director of Shares to satisfy Shares sold,
acquired Tax and National such Shares
on exercise Insurance sold at
of Awards Liabilities, a price
such Shares per Share
sold at a of 413.2105
price per pence
Share of
415.00 pence
--------------- ------------- --------- ------------------ -------------- -----------------
Andrew
Wyllie 51,540 Nil 24,224 13,658 13,658
--------------- ------------- --------- ------------------ -------------- -----------------
Anthony
Bickerstaff 35,910 Nil 16,878 9,516 9,516
--------------- ------------- --------- ------------------ -------------- -----------------
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 CHIEF EXECUTIVE
/status
--- ------------------------------- -----------------------------------------
b) Initial notification INITIAL NOTIFICATION
/ amendment
--- ------------------------------- -----------------------------------------
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 ORDINARY SHARES OF 50 PENCE EACH
instrument,
type of instrument ISIN: GB00B64NSP76
Identification
code
--- ----------------------------- -------------------------------------------
b) Nature of EXERCISE OF 51,540 NIL COST OPTIONS
the transaction UNDER THE COMPANY'S 2014 SHARE DEFERRAL
PLAN
--- ----------------------------- -------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
Nil Cost 51,540
---------- ----------
--- ----------------------------- -------------------------------------------
d) Aggregated
information N/A
* Aggregated volume
* Price
--- ----------------------------- -------------------------------------------
e) Date of the
transaction 09 MARCH 2017
--- ----------------------------- -------------------------------------------
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 CHIEF EXECUTIVE
/status
--- ------------------------------- ----------------------------------------
b) Initial notification INITIAL NOTIFICATION
/ amendment
--- ------------------------------- ----------------------------------------
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 ORDINARY SHARES OF 50 PENCE EACH
instrument,
type of instrument ISIN: GB00B64NSP76
Identification
code
--- ----------------------------- ------------------------------------------
b) Nature of SALE OF 24,224 SHARES TO SATISFY
the transaction TAX AND NATIONAL INSURANCE LIABILITIES
--- ----------------------------- ------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
GBP4.15 24,224
---------- ----------
--- ----------------------------- ------------------------------------------
d) Aggregated
information N/A
* Aggregated volume
* Price
--- ----------------------------- ------------------------------------------
e) Date of the
transaction 09 MARCH 2017
--- ----------------------------- ------------------------------------------
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 CHIEF EXECUTIVE
/status
--- ------------------------------- -----------------------------------
b) Initial notification INITIAL NOTIFICATION
/ amendment
--- ------------------------------- -----------------------------------
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 ORDINARY SHARES OF 50 PENCE EACH
instrument,
type of instrument ISIN: GB00B64NSP76
Identification
code
--- ----------------------------- -------------------------------------
b) Nature of SALE OF 13,658 SHARES
the transaction
--- ----------------------------- -------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
GBP4.13 13,658
---------- ----------
--- ----------------------------- -------------------------------------
d) Aggregated
information N/A
* Aggregated volume
* Price
--- ----------------------------- -------------------------------------
e) Date of the
transaction 10 MARCH 2017
--- ----------------------------- -------------------------------------
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 GROUP FINANCE DIRECTOR
/status
--- ------------------------------ -----------------------------------------
b) Initial notification INITIAL NOTIFICATION
/ amendment
--- ------------------------------ -----------------------------------------
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 ORDINARY SHARES OF 50 PENCE EACH
instrument,
type of instrument ISIN: GB00B64NSP76
Identification
code
--- ---------------------------- -------------------------------------------
b) Nature of EXERCISE OF 35,910 NIL COST OPTIONS
the transaction UNDER THE COMPANY'S 2014 SHARE DEFERRAL
PLAN
--- ---------------------------- -------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
Nil Cost 35,910
---------- ----------
--- ---------------------------- -------------------------------------------
d) Aggregated
information N/A
* Aggregated volume
* Price
--- ---------------------------- -------------------------------------------
e) Date of the
transaction 09 MARCH 2017
--- ---------------------------- -------------------------------------------
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 GROUP FINANCE DIRECTOR
/status
--- ------------------------------ ----------------------------------------
b) Initial notification INITIAL NOTIFICATION
/ amendment
--- ------------------------------ ----------------------------------------
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 ORDINARY SHARES OF 50 PENCE EACH
instrument,
type of instrument ISIN: GB00B64NSP76
Identification
code
--- ---------------------------- ------------------------------------------
b) Nature of SALE OF 16,878 SHARES TO SATISFY
the transaction TAX AND NATIONAL INSURANCE LIABILITIES
--- ---------------------------- ------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
GBP4.15 16,878
---------- ----------
--- ---------------------------- ------------------------------------------
d) Aggregated
information N/A
* Aggregated volume
* Price
--- ---------------------------- ------------------------------------------
e) Date of the
transaction 09 MARCH 2017
--- ---------------------------- ------------------------------------------
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 GROUP FINANCE DIRECTOR
/status
--- ------------------------------ -----------------------------------
b) Initial notification INITIAL NOTIFICATION
/ amendment
--- ------------------------------ -----------------------------------
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 ORDINARY SHARES OF 50 PENCE EACH
instrument,
type of instrument ISIN: GB00B64NSP76
Identification
code
--- ---------------------------- -------------------------------------
b) Nature of SALE OF 9,516 SHARES
the transaction
--- ---------------------------- -------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
GBP4.13 9,516
---------- ----------
--- ---------------------------- -------------------------------------
d) Aggregated
information N/A
* Aggregated volume
* Price
--- ---------------------------- -------------------------------------
e) Date of the
transaction 10 MARCH 2017
--- ---------------------------- -------------------------------------
f) Place of
the transaction LONDON STOCK EXCHANGE
--- ---------------------------- -------------------------------------
13 MARCH 2017
Enquiries:
Costain Group PLC Tel: 01628 842444
Tracey Wood
Company Secretary
Instinctif Partners Tel: 020 74572020
Mark Garraway
Helen Tarbet
This information is provided by RNS
The company news service from the London Stock Exchange
END
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