Source - RNS
RNS Number : 6024K
Costain Group PLC
11 April 2018
 

 

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 holding of Shares held prior to the transactions detailed in the section below

Total beneficial holding of Shares held following the transactions detailed in the section below

 

Andrew Wyllie

 

 

438,357

 

452,777

 

Anthony Bickerstaff

 

 

247,154

 

256,767

 

(b)        Share Deferral Plan

 

On 06 April 2016, 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 06 April 2018 for a period of ten years from the date of grant.

 

On 09 April 2018, 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 06 April 2018, 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 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 460.50 pence

 

Number of additional Shares sold, such Shares sold at a price per Share of                    460.60 pence

Number of Shares retained

 

Andrew Wyllie

 

 

 

54,416

 

Nil

 

25,576

 

14,420

 

14,420

 

Anthony Bickerstaff

 

 

36,276

 

Nil

 

17,050

 

9,613

 

9,613

 

 

 

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

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 54,416 NIL COST OPTIONS UNDER THE COMPANY'S 2014 SHARE DEFERRAL PLAN

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil Cost

54,416

 

 

 

d)

Aggregated information

Aggregated volume

Price

 

N/A

 

 

e)

Date of the transaction

 

06 APRIL 2018

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

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 25,576 SHARES TO SATISFY TAX AND NATIONAL INSURANCE LIABILITIES

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£4.605

25,576

 

 

 

d)

Aggregated information

Aggregated volume

Price

 

N/A

e)

Date of the transaction

 

06 APRIL 2018

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

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 14,420 SHARES

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£4.606

14,420

 

 

 

d)

Aggregated information

Aggregated volume

Price

 

N/A

e)

Date of the transaction

10 APRIL 2018

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 /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

EXERCISE OF 36,276 NIL COST OPTIONS UNDER THE COMPANY'S 2014 SHARE DEFERRAL PLAN

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil Cost

36,276

 

 

 

d)

Aggregated information

Aggregated volume

Price

 

N/A

 

 

e)

Date of the transaction

 

06 APRIL 2018

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 17,050 SHARES TO SATISFY TAX AND NATIONAL INSURANCE LIABILITIES

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£4.605

17,050

 

 

 

d)

Aggregated information

Aggregated volume

Price

 

N/A

e)

Date of the transaction

 

06 APRIL 2018

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 9,613 SHARES

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£4.606

9,613

 

 

 

d)

Aggregated information

Aggregated volume

Price

 

N/A

e)

Date of the transaction

 

10 APRIL 2018

f)

Place of the transaction

 

LONDON STOCK EXCHANGE

       

 

 

 

11 April 2018

 

Enquiries:

 

Costain Group PLC                                                                                           Tel: 01628 842444

Tracey Wood

Company Secretary

 

Instinctif Partners

                           Tel: 020 74572020

Mark Garraway

James Gray

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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