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Costain Group PLC Director/PDMR Shareholding

10/04/2019 10:27am

UK Regulatory (RNS & others)


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RNS Number : 7647V

Costain Group PLC

10 April 2019

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 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 detailed    the transactions detailed 
                           in section (b) below            in section (b) below 
 
   Andrew Wyllie                      476,330                       515,340 
                         ------------------------------  --------------------------- 
 
   Anthony Bickerstaff                272,992                       298,840 
                         ------------------------------  --------------------------- 
 
   (b)   Long Term Incentive Plan 

On 6 April 2016, 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 6 April 2019, 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. Andrew Wyllie, who retires on 6 September 2019, will have until 5 April 2022 in which to exercise the remaining 50%.

On 9 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 8 April 2019, the Executive Directors exercised 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          Number of 
        Director           of Shares      Price        sold to satisfy        Shares retained 
                          acquired on                  Tax and National 
                          exercise of               Insurance Liabilities, 
                            Awards                     such Shares sold 
                                                     at a price per Share 
                                                       of 355.00 pence 
  Andrew Wyllie             73,604         Nil              34,594                39,010 
                        -------------  ---------  ------------------------  ----------------- 
  Anthony Bickerstaff       48,771         Nil              22,923                25,848 
                        -------------  ---------  ------------------------  ----------------- 
 

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 73,604 NIL COST OPTIONS UNDER THE 
       transaction                        COMPANY'S 2014 LTIP 
     ---------------------------------  ------------------------------------------------ 
 c)   Price(s) and                        Price(s)    Volume(s) 
       volume(s)                           Nil Cost    73,604 
                                                      ---------- 
     ---------------------------------  ------------------------------------------------ 
 d)   Aggregated information 
        *    Aggregated volume             N/A 
 
 
        *    Price 
     ---------------------------------  ------------------------------------------------ 
 e)   Date of the 
       transaction                         8 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 34,594 SHARES TO SATISFY TAX AND NATIONAL 
       transaction                        INSURANCE LIABILITIES 
     ---------------------------------  ---------------------------------------------------- 
 c)   Price(s) and                        Price(s)    Volume(s) 
       volume(s)                           GBP3.55     34,594 
                                                      ---------- 
     ---------------------------------  ---------------------------------------------------- 
 d)   Aggregated information 
        *    Aggregated volume             N/A 
 
 
        *    Price 
     ---------------------------------  ---------------------------------------------------- 
 e)   Date of the 
       transaction                         8 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 48,771 NIL COST OPTIONS UNDER THE 
       transaction                    COMPANY'S 2014 LTIP 
     -----------------------------  ------------------------------------------------ 
 c)   Price(s) and                    Price(s)    Volume(s) 
       volume(s)                       Nil Cost    48,771 
                                                  ---------- 
     -----------------------------  ------------------------------------------------ 
 d)   Aggregated information 
        *    Aggregated volume         N/A 
 
 
        *    Price 
     -----------------------------  ------------------------------------------------ 
 e)   Date of the 
       transaction                     8 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                  SALE OF 22,923 SHARES TO SATISFY TAX AND NATIONAL 
       transaction                    INSURANCE LIABILITIES 
     -----------------------------  ---------------------------------------------------- 
 c)   Price(s) and                    Price(s)    Volume(s) 
       volume(s)                       GBP3.55     22,923 
                                                  ---------- 
     -----------------------------  ---------------------------------------------------- 
 d)   Aggregated information 
        *    Aggregated volume         N/A 
 
 
        *    Price 
     -----------------------------  ---------------------------------------------------- 
 e)   Date of the 
       transaction                     8 APRIL 2019 
     -----------------------------  ---------------------------------------------------- 
 f)   Place of the 
       transaction                     OUTSIDE A TRADING VENUE 
     -----------------------------  ---------------------------------------------------- 
 
 

10 April 2019

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 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 10, 2019 05:27 ET (09:27 GMT)

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