Source - LSE Regulatory
RNS Number : 1453E
Costain Group PLC
03 November 2020
 

 

 

Costain Group PLC

(the "Company")

 

 

MARKET PURCHASE BY PERSON DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMR")

 

On 25 September 2017 Alex Vaughan, chief executive officer, was granted an option over 1,401 shares (as adjusted from 1,319 following the capital raise completed May 2020) under the Costain Group PLC Sharesave Plan. At maturity on 1 November 2020, Mr Vaughan elected to purchase shares in the market with the proceeds of his three-year savings contract as part of a share purchase programme offered to all participants with maturing options in the 2017 Sharesave Plan. This arrangement was made available as the option price to subscribe for shares for the 2017 Sharesave Plan was £3.363 per share (as adjusted from £3.574 following the capital raise).

 

Accordingly, the Company announces that Alex Vaughan purchased 13,585 shares on 2 November 2020 at a price of £0.342 per share. Following the purchase, Mr Vaughan has a shareholding of 228,461 shares in Costain Group PLC.

 

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

ALEXANDER JOHN VAUGHAN

2.

Reason for the notification

a)

Position /status

CHIEF EXECUTIVE OFFICER

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

PURCHASE OF 13,585 SHARES

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0.342

13,585

 

 

 

d)

Aggregated information

Aggregated volume

Price

 

N/A

e)

Date of the transaction

 

02 NOVEMBER 2020

f)

Place of the transaction

LONDON STOCK EXCHANGE

 

 

 

3 November 2020

 

Enquiries:


Costain Group PLC

Tel:  01628 842 444

Sharon Harris, Company Secretary






MHP Communications
Tim Rowntree, Peter Hewer

Tel:  020 3128 8100

costain@mhpc.com

  

 

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