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COST Costain Group Plc

83.20
4.40 (5.58%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Costain Group Plc LSE:COST London Ordinary Share GB00B64NSP76 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  4.40 5.58% 83.20 83.00 84.00 84.60 78.80 79.00 2,241,382 16:35:14
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Hghwy,street Constr,ex Elvtd 1.33B 22.1M 0.0799 10.46 231.31M

Costain Group PLC Director/PDMR Shareholding (0974J)

06/09/2016 12:11pm

UK Regulatory


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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

END

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(END) Dow Jones Newswires

September 06, 2016 07:11 ET (11:11 GMT)

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