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COSTAIN GROUP ORD NEX:COST.GB NEX Ordinary Share
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  +0.00p +0.00% 330.00p 305.00p 355.00p 330.00p 330.00p 330.00p 655 10:19:20

Costain Group PLC Director/PDMR Shareholding

09/04/2019 11:20am

UK Regulatory (RNS & others)


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RNS Number : 6302V

Costain Group PLC

09 April 2019

Costain Group PLC

(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 Share Deferral Plan as detailed in section (b) below, the following Executive 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 holding   Total beneficial holding 
                           of Shares held prior       of Shares held following 
                           to the transactions        the transactions detailed 
                           detailed in section        in section (b) below 
                           (b) below 
 
   Andrew Wyllie                   454,611                     476,330 
                         -------------------------  --------------------------- 
 
   Anthony Bickerstaff             258,601                     272,992 
                         -------------------------  --------------------------- 
 
   (b)        Share Deferral Plan 

On 5 April 2017, awards were granted under the Costain Group PLC 2014 Share Deferral 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 5 April 2019 for a period of ten years from the date of grant.

On 8 April 2019, the Company was advised that Buck Trustees (Guernsey) Limited, as Trustee of the Costain Group Employee Trust, had undertaken the following transaction:

On 5 April 2019, the following Directors exercised their Awards to acquire the number of Shares as set out in the table below. As detailed below, the Directors concerned sold a number of Shares sufficient to satisfy their income tax and national insurance liability arising on exercise and retained the remaining Shares.

 
        Name of           Total number   Exercise    Number of Shares sold    Number of Shares 
        Director            of Shares      Price       to satisfy Tax and         retained 
                            acquired                   National Insurance 
                           on exercise                 Liabilities, such 
                            of Awards                Shares sold at a price 
                                                      per Share of 357.00 
                                                             pence 
 
  Andrew Wyllie              40,981         Nil              19,262                21,719 
                                                                                 (In the name 
                                                                                 of Jane Morag 
                                                                                    Wyllie) 
                         -------------  ---------  ------------------------  ----------------- 
 
   Anthony Bickerstaff        27,153        Nil              12,762                 14,391 
                         -------------  ---------  ------------------------  ----------------- 
 

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 /status             CHIEF EXECUTIVE/ 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 the              EXERCISE OF 40,981 NIL COST OPTIONS UNDER THE 
       transaction                COMPANY'S 2014 SHARE DEFERRAL PLAN 
     -------------------------  -------------------------------------------------- 
 c)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                   Nil Cost    40,981 
                                              ---------- 
     -------------------------  -------------------------------------------------- 
 d)   Aggregated information 
        *    Aggregated volume     N/A 
 
 
        *    Price 
     -------------------------  -------------------------------------------------- 
 e)   Date of the 
       transaction                 5 APRIL 2019 
     -------------------------  -------------------------------------------------- 
 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 /status             CHIEF EXECUTIVE/ 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 the              SALE OF 19,262 SHARES TO SATISFY TAX AND NATIONAL 
       transaction                INSURANCE LIABILITIES 
     -------------------------  ---------------------------------------------------- 
 c)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                   GBP3.57     19,262 
                                              ---------- 
     -------------------------  ---------------------------------------------------- 
 d)   Aggregated information 
        *    Aggregated volume     N/A 
 
 
        *    Price 
     -------------------------  ---------------------------------------------------- 
 e)   Date of the 
       transaction                 5 APRIL 2019 
     -------------------------  ---------------------------------------------------- 
 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/ 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 the              EXERCISE OF 27,153 NIL COST OPTIONS UNDER THE 
       transaction                COMPANY'S 2014 SHARE DEFERRAL PLAN 
     -------------------------  -------------------------------------------------- 
 c)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                   Nil Cost    27,153 
                                              ---------- 
     -------------------------  -------------------------------------------------- 
 d)   Aggregated information 
        *    Aggregated volume     N/A 
 
 
        *    Price 
     -------------------------  -------------------------------------------------- 
 e)   Date of the 
       transaction                 5 APRIL 2019 
     -------------------------  -------------------------------------------------- 
 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                     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 the              SALE OF 12,762 SHARES TO SATISFY TAX AND NATIONAL 
       transaction                INSURANCE LIABILITIES 
     -------------------------  ---------------------------------------------------- 
 c)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                   GBP3.57     12,762 
                                              ---------- 
     -------------------------  ---------------------------------------------------- 
 d)   Aggregated information 
        *    Aggregated volume     N/A 
 
 
        *    Price 
     -------------------------  ---------------------------------------------------- 
 e)   Date of the 
       transaction                 5 APRIL 2019 
     -------------------------  ---------------------------------------------------- 
 f)   Place of the 
       transaction                 OUTSIDE A TRADING VENUE 
     -------------------------  ---------------------------------------------------- 
 
 

09 APRIL 2019

Enquiries:

Costain Group PLC Tel: 01628 842444

Tracey Wood

Company Secretary

 
 Instinctif Partners                             Tel: 020 74572020 
 Mark Garraway 
  James Gray 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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April 09, 2019 06:20 ET (10:20 GMT)

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