Costain Group PLC Director/PDMR Shareholding (0974J)
06 September 2016 - 9:11PM
UK Regulatory
TIDMCOST
RNS Number : 0974J
Costain Group PLC
06 September 2016
Costain Group PLC
("Costain" or "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 Long Term Incentive Plan as detailed in
section (b) below, the following Director 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 Total beneficial holding
of Shares held prior of Shares held following
to the transactions the transactions detailed
detailed in the section in the section below
below
---------------------- ------------------------- ---------------------------
Anthony Bickerstaff 201,826 224,826
---------------------- ------------------------- ---------------------------
(b) Long Term Incentive Plan
On 07 May 2013, awards were granted under the Costain Group PLC
Long Term Incentive 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 07 May 2016 for a period of up to ten years
from the date of grant.
On 05 September 2016, 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 02 September 2016, the following Director exercised Awards to
acquire the number of Shares as set out in the table below. As
detailed below, the Director concerned sold a proportion of the
resulting Shares, including a number of Shares sufficient to
satisfy his income tax and national insurance liability arising on
exercise, and retained the remaining Shares.
Total number Number of
Name of of Shares Exercise Shares sold Number of additional Number of
Director acquired Price to satisfy Shares sold, Shares retained
on exercise Tax and National such Shares
of Awards* Insurance sold at a price
Liabilities, per Share of
such Shares 345.991 pence
sold at a
price per
Share of 348.50
pence
--------------- ------------- ----------- ------------------ ----------------------- ------------------
Anthony
Bickerstaff 58,408 Nil 27,452 7,956 23,000
--------------- ------------- ----------- ------------------ ----------------------- ------------------
* as adjusted following the Capital Raising in March 2014
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 ANTHONY OLIVER BICKERSTAFF
--- --------------------------------- ------------------------------------------------
2. Reason for the notification
--- -----------------------------------------------------------------------------------
a) Position /status GROUP FINANCE DIRECTOR
--- ----------------------------------- ----------------------------------------------
b) Initial notification INITIAL NOTIFICATION
/ amendment
--- ----------------------------------- ----------------------------------------------
3. Details of the Issuer
--- -----------------------------------------------------------------------------------
a) Name COSTAIN GROUP PLC
--- ----------------------------------- ----------------------------------------------
b) LEI code N/A
--- ----------------------------------- ----------------------------------------------
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 the EXERCISE OF 58,408 NIL COST OPTIONS UNDER THE
transaction COMPANY'S 2013 LTIP
--- --------------------------------- ------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
Nil Cost 58,408
---------- ----------
--- --------------------------------- ------------------------------------------------
d) Aggregated information
* Aggregated volume N/A
* Price
--- --------------------------------- ------------------------------------------------
e) Date of the
transaction 05 SEPTEMBER 2016
--- --------------------------------- ------------------------------------------------
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 INITIAL NOTIFICATION
/ amendment
--- ----------------------------------- --------------------------------------------------
3. Details of the Issuer
--- ---------------------------------------------------------------------------------------
a) Name COSTAIN GROUP PLC
--- ----------------------------------- --------------------------------------------------
b) LEI code N/A
--- ----------------------------------- --------------------------------------------------
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 the SALE OF 27,452 SHARES TO SATISFY TAX AND NATIONAL
transaction INSURANCE LIABILITIES
--- --------------------------------- ----------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ----------- ----------
GBP3.4850 27,452
----------- ----------
--- --------------------------------- ----------------------------------------------------
d) Aggregated information
* Aggregated volume N/A
* Price
--- --------------------------------- ----------------------------------------------------
e) Date of the
transaction 05 SEPTEMBER 2016
--- --------------------------------- ----------------------------------------------------
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 INITIAL NOTIFICATION
/ amendment
--- ----------------------------------- -----------------------------------
3. Details of the Issuer
--- ------------------------------------------------------------------------
a) Name COSTAIN GROUP PLC
--- ----------------------------------- -----------------------------------
b) LEI code N/A
--- ----------------------------------- -----------------------------------
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 the SALE OF 7,956 SHARES
transaction
--- --------------------------------- -------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ------------ ----------
GBP3.45991 7,956
------------ ----------
--- --------------------------------- -------------------------------------
d) Aggregated information
* Aggregated volume N/A
* Price
--- --------------------------------- -------------------------------------
e) Date of the
transaction 05 SEPTEMBER 2016
--- --------------------------------- -------------------------------------
f) Place of the
transaction LONDON STOCK EXCHANGE
--- --------------------------------- -------------------------------------
06 September 2016
Enquiries:
Costain Group PLC Tel: 01628 842444
Tracey Wood
Company Secretary
Instinctif Partners Tel: 020 7457 2020
Mark Garraway
Helen Tarbet
This information is provided by RNS
The company news service from the London Stock Exchange
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