TIDMCOST
RNS Number : 5869H
Costain Group PLC
13 March 2018
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 2014 Long Term Incentive 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 of Shares holding of Shares
held prior to held following the
the transactions transactions detailed
detailed in the in the section below
section below
---------------------- ------------------- -----------------------
Andrew Wyllie 422,419 438,357
---------------------- ------------------- -----------------------
Anthony Bickerstaff 236,595 247,154
---------------------- ------------------- -----------------------
(b) Long Term Incentive Plan
On 09 March 2015, awards were granted under the Costain Group
PLC 2014 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. 50% of the
Awards that are capable of vesting became exercisable on 09 March
2018, whilst the remaining 50% are due to become exercisable on the
fifth anniversary of the date of grant (with no further performance
conditions required). The Awards are exercisable, upon vesting, for
a period of ten years from the date of grant provided the Director
remains an employee or officer of the Company.
On 12 March 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 09 March 2018, the following Directors exercised 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 Number of Number of Number
of Director number Exercise Shares sold additional of Shares
of Shares Price to satisfy Shares sold, retained
acquired Tax and such Shares
on exercise National sold at a
of Awards Insurance price per
Liabilities, Share of
such Shares 476 pence
sold at
a price
per Share
of 474 pence
--------------- ------------- ----------- -------------- -------------- -----------
Andrew
Wyllie 60,144 Nil 28,268 15,938 15,938
--------------- ------------- ----------- -------------- -------------- -----------
Anthony
Bickerstaff 39,846 Nil 18,728 10,559 10,559
--------------- ------------- ----------- -------------- -------------- -----------
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 60,144 NIL COST OPTIONS
the transaction UNDER THE COMPANY'S 2014 LTIP
--- ----------------------------- --------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
Nil Cost 60,144
---------- ----------
--- ----------------------------- --------------------------------------
d) Aggregated
information N/A
* Aggregated volume
* Price
--- ----------------------------- --------------------------------------
e) Date of the
transaction 09 MARCH 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 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 28,268 SHARES TO SATISFY
the transaction TAX AND NATIONAL INSURANCE LIABILITIES
--- ----------------------------- ------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
GBP4.74 28,268
---------- ----------
--- ----------------------------- ------------------------------------------
d) Aggregated
information N/A
* Aggregated volume
* Price
--- ----------------------------- ------------------------------------------
e) Date of the
transaction 09 MARCH 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 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 15,938 SHARES
the transaction
--- ----------------------------- -------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
GBP4.76 15,938
---------- ----------
--- ----------------------------- -------------------------------------
d) Aggregated
information N/A
* Aggregated volume
* Price
--- ----------------------------- -------------------------------------
e) Date of the
transaction 12 MARCH 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 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 39,846 NIL COST OPTIONS
the transaction UNDER THE COMPANY'S 2014 LTIP
--- ---------------------------- --------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
Nil Cost 39,846
---------- ----------
--- ---------------------------- --------------------------------------
d) Aggregated
information N/A
* Aggregated volume
* Price
--- ---------------------------- --------------------------------------
e) Date of the
transaction 09 MARCH 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 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 18,728 SHARES TO SATISFY
the transaction TAX AND NATIONAL INSURANCE LIABILITIES
--- ---------------------------- ------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
GBP4.74 18,728
---------- ----------
--- ---------------------------- ------------------------------------------
d) Aggregated
information N/A
* Aggregated volume
* Price
--- ---------------------------- ------------------------------------------
e) Date of the
transaction 09 MARCH 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 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 10,559 SHARES
the transaction
--- ---------------------------- -------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
GBP4.76 10,559
---------- ----------
--- ---------------------------- -------------------------------------
d) Aggregated
information N/A
* Aggregated volume
* Price
--- ---------------------------- -------------------------------------
e) Date of the
transaction 12 MARCH 2018
--- ---------------------------- -------------------------------------
f) Place of
the transaction LONDON STOCK EXCHANGE
--- ---------------------------- -------------------------------------
13 March 2018
Enquiries:
Costain Group PLC Tel: 01628 842444
Tracey Wood
Company Secretary
Instinctif Partners Tel: 020 7457 2020
Mark Garraway
James Gray
This information is provided by RNS
The company news service from the London Stock Exchange
END
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