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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 |
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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