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COST.GB Costain Group Ord

75.288
-1.71 (-2.22%)
10:00:29 - Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Costain Group Ord AQSE:COST.GB Aquis Stock Exchange Ordinary Share GB00B64NSP76
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.71 -2.22% 75.288 74.00 80.00 77.48 75.198 77.00 14,248 10:00:29
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Costain Group PLC Grant of Share Plan Awards (6759V)

06/04/2023 2:29pm

UK Regulatory


Costain (AQSE:COST.GB)
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From Apr 2022 to Apr 2024

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TIDMCOST

RNS Number : 6759V

Costain Group PLC

06 April 2023

Costain Group PLC

6 April 2023

GRANT OF SHARE PLAN AWARDS

Costain announces the following grants of share awards to Alex Vaughan, chief executive officer, and Helen Willis, chief financial officer.

A. SHARE DEFERRAL PLAN AWARDS

On 6 April 2023, awards have been made under the Costain Group PLC 2014 Share Deferral Plan (the "Share Deferral Plan") over ordinary shares of 50p each in the Company in the form of options with a nil exercise price (the "SDP Awards"). An SDP Award was granted to Alex Vaughan over 291,195 shares and Helen Willis over 241,826 shares, each representing deferral into shares of one third of their 2022 Annual Incentive Plan earned. No consideration was paid for the grant of the Awards.

The SDP Awards will normally become exercisable two years after grant subject to the Rules of the Share Deferral Plan. To the extent that all or any part of the SDP Awards become exercisable, they will remain exercisable until the day before the tenth anniversary of the date of grant provided the individual remains an employee or officer of the Company.

B. LONG TERM INCENTIVE PLAN AWARDS

Also on 6 April 2023, awards have been made under the Costain Group PLC 2014 Long Term Incentive Plan (the "LTIP") over ordinary shares of 50p each in the Company in the form of options with a nil exercise price (the "LTIP Awards"). An LTIP Award was granted to Alex Vaughan over 849,275 shares and to Helen Willis over 705,253 shares, each representing 100% of salary. No consideration was paid for the grant of the Awards.

The Awards will normally vest three years after grant, subject to the satisfaction of performance conditions, but will not normally be released (so that they can be exercised) until the fifth anniversary of the date of grant (with no further performance conditions required after vesting).

The vesting of the Awards is subject to the satisfaction of performance conditions assessed over the three financial years ending 31 December 2025. The Company's 2022 Directors' Remuneration Report included proposed performance conditions which have now been finalised by the Remuneration Committee of the Company and are unchanged.

The Remuneration Committee may reduce the extent to which the LTIP Awards vest if the Committee considers that any of the value at vesting represents a "windfall gain", taking into account such factors as the Committee determines.

The Notification of Dealing Forms for both the SDP and the LTIP, set out further below, are provided in accordance with the requirements of the Market Abuse Regulation.

Enquiries

Investors and analysts

   Paul Sharma, Costain                                        +44 (0)7867 501188 
   Financial media - Headland                             costain@headlandconsultancy.com 
   Andy Rivett-Carnac                                            +44 (0)7968 997365 
   Charlie Twigg                                                    +44 (0)7946 494568 

Notification of Dealing Forms

 
 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/PDMR 
     -------------------------------  ---------------------------------------------- 
 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                      GRANT OF 2 91,195 OPTIONS UNDER THE COMPANY'S 
       the transaction                2014 SHARE DEFERRAL PLAN (2023 SDP Grant) 
     -----------------------------  ------------------------------------------------ 
 c)   Price(s) and                    Price(s)    Volume(s) 
       volume(s)                       Nil cost    291,195 
                                                  ---------- 
     -----------------------------  ------------------------------------------------ 
 d)   Aggregated 
       information                     N/A 
        *    Aggregated volume 
 
 
        *    Price 
     -----------------------------  ------------------------------------------------ 
 e)   Date of the 
       transaction                     6 APRIL 2023 
     -----------------------------  ------------------------------------------------ 
 f)   Place of the 
       transaction                     OUTSIDE A TRADING VENUE 
     -----------------------------  ------------------------------------------------ 
 
 
 
 1.   Details of the Person Discharging Managerial Responsibility 
       ("PDMR") / person closely associated with them ("PCA") 
 a)   Name                       HELEN MARGARET WILLIS 
     -------------------------  ----------------------------------------------- 
 2.   Reason for the notification 
     -------------------------------------------------------------------------- 
 a)   Position /status             CHIEF FINANCIAL OFFICER/PDMR 
     ---------------------------  --------------------------------------------- 
 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                  GRANT OF 241,826 OPTIONS UNDER THE COMPANY'S 
       the transaction            2014 SHARE DEFERRAL PLAN (2023 SDP Grant) 
     -------------------------  ----------------------------------------------- 
 c)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                   Nil cost    241,826 
                                              ---------- 
     -------------------------  ----------------------------------------------- 
 d)   Aggregated 
       information                 N/A 
        *    Aggregated volume 
 
 
        *    Price 
     -------------------------  ----------------------------------------------- 
 e)   Date of the 
       transaction                 6 APRIL 2023 
     -------------------------  ----------------------------------------------- 
 f)   Place of the 
       transaction                 OUTSIDE A TRADING VENUE 
     -------------------------  ----------------------------------------------- 
 
 
 
 
 
 
 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/ PDMR 
     -------------------------------  ------------------------------------------------- 
 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 
       Identification                  ISIN: GB00B64NSP76 
       code 
     -----------------------------  --------------------------------------------------- 
 b)   Nature of                      GRANT OF 849,275 OPTIONS UNDER THE COMPANY'S 
       the transaction                2014 LONG TERM INCENTIVE PLAN (2023 LTIP GRANT) 
     -----------------------------  --------------------------------------------------- 
 c)   Price(s) and                    Price(s)    Volume(s) 
       volume(s)                       Nil cost    849,275 
                                                  ---------- 
     -----------------------------  --------------------------------------------------- 
 d)   Aggregated 
       information                     N/A 
        *    Aggregated volume 
 
 
        *    Price 
     -----------------------------  --------------------------------------------------- 
 e)   Date of the 
       transaction                     6 APRIL 2023 
     -----------------------------  --------------------------------------------------- 
 f)   Place of the 
       transaction                     OUTSIDE A TRADING VENUE 
     -----------------------------  --------------------------------------------------- 
 
 
 
 1.   Details of the Person Discharging Managerial Responsibility 
       ("PDMR") / person closely associated with them ("PCA") 
 a)   Name                           HELEN MARGARET WILLIS 
     -----------------------------  --------------------------------------------------- 
 2.   Reason for the notification 
     ---------------------------------------------------------------------------------- 
 a)   Position /status                 CHIEF FINANCIAL OFFICER/ PDMR 
     -------------------------------  ------------------------------------------------- 
 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 
       Identification                  ISIN: GB00B64NSP76 
       code 
     -----------------------------  --------------------------------------------------- 
 b)   Nature of                      GRANT OF 705,253 OPTIONS UNDER THE COMPANY'S 
       the transaction                2014 LONG TERM INCENTIVE PLAN (2023 LTIP GRANT) 
     -----------------------------  --------------------------------------------------- 
 c)   Price(s) and                    Price(s)    Volume(s) 
       volume(s)                       Nil cost    705,253 
                                                  ---------- 
     -----------------------------  --------------------------------------------------- 
 d)   Aggregated 
       information                     N/A 
        *    Aggregated volume 
 
 
        *    Price 
     -----------------------------  --------------------------------------------------- 
 e)   Date of the 
       transaction                     6 APRIL 2023 
     -----------------------------  --------------------------------------------------- 
 f)   Place of the 
       transaction                     OUTSIDE A TRADING VENUE 
     -----------------------------  --------------------------------------------------- 
 
 

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END

DSHSSIFDMEDSEEL

(END) Dow Jones Newswires

April 06, 2023 09:29 ET (13:29 GMT)

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