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COST Costain Group Plc

81.40
0.80 (0.99%)
Last Updated: 12:32:56
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
  0.80 0.99% 81.40 81.40 82.20 82.60 81.40 82.60 138,657 12:32:56
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Hghwy,street Constr,ex Elvtd 1.33B 22.1M 0.0799 10.19 225.22M

Costain Group PLC Exercise of Nil Cost Options (5869H)

13/03/2018 12:53pm

UK Regulatory


Costain (LSE:COST)
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TIDMCOST

RNS Number : 5869H

Costain Group PLC

13 March 2018

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 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     Total beneficial 
                          holding of Shares    holding of Shares 
                          held prior to        held following the 
                          the transactions     transactions detailed 
                          detailed in the      in the section below 
                          section below 
----------------------  -------------------  ----------------------- 
  Andrew Wyllie                422,419                438,357 
----------------------  -------------------  ----------------------- 
  Anthony Bickerstaff          236,595                247,154 
----------------------  -------------------  ----------------------- 
 
   (b)   Long Term Incentive Plan 

On 09 March 2015, 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 09 March 2018, 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.

On 12 March 2018, 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 09 March 2018, the following Directors exercised Awards to acquire the number of Shares as set out in the table below. As detailed below, the Directors concerned sold a proportion of the resulting Shares, including a number of Shares sufficient to satisfy their income tax and national insurance liability arising on exercise, and retained the remaining Shares.

 
      Name           Total                      Number of       Number of       Number 
   of Director       number        Exercise    Shares sold      additional     of Shares 
                    of Shares       Price       to satisfy     Shares sold,    retained 
                    acquired                     Tax and       such Shares 
                   on exercise                   National       sold at a 
                    of Awards                   Insurance       price per 
                                               Liabilities,      Share of 
                                               such Shares      476 pence 
                                                 sold at 
                                                 a price 
                                                per Share 
                                               of 474 pence 
---------------  -------------  -----------  --------------  --------------  ----------- 
  Andrew 
   Wyllie            60,144          Nil          28,268          15,938        15,938 
---------------  -------------  -----------  --------------  --------------  ----------- 
  Anthony 
   Bickerstaff       39,846          Nil          18,728          10,559        10,559 
---------------  -------------  -----------  --------------  --------------  ----------- 
 

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                         CHIEF EXECUTIVE 
       /status 
---  -------------------------------  ------------------------------------ 
 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                      EXERCISE OF 60,144 NIL COST OPTIONS 
       the transaction                UNDER THE COMPANY'S 2014 LTIP 
---  -----------------------------  -------------------------------------- 
 c)   Price(s)                        Price(s)    Volume(s) 
       and volume(s)                  ----------  ---------- 
                                       Nil Cost    60,144 
                                      ----------  ---------- 
---  -----------------------------  -------------------------------------- 
 d)   Aggregated 
       information                     N/A 
        *    Aggregated volume 
 
 
        *    Price 
---  -----------------------------  -------------------------------------- 
 e)   Date of the 
       transaction                     09 MARCH 2018 
---  -----------------------------  -------------------------------------- 
 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                         CHIEF EXECUTIVE 
       /status 
---  -------------------------------  ---------------------------------------- 
 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                      SALE OF 28,268 SHARES TO SATISFY 
       the transaction                TAX AND NATIONAL INSURANCE LIABILITIES 
---  -----------------------------  ------------------------------------------ 
 c)   Price(s)                        Price(s)    Volume(s) 
       and volume(s)                  ----------  ---------- 
                                       GBP4.74     28,268 
                                      ----------  ---------- 
---  -----------------------------  ------------------------------------------ 
 d)   Aggregated 
       information                     N/A 
        *    Aggregated volume 
 
 
        *    Price 
---  -----------------------------  ------------------------------------------ 
 e)   Date of the 
       transaction                     09 MARCH 2018 
---  -----------------------------  ------------------------------------------ 
 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                         CHIEF EXECUTIVE 
       /status 
---  -------------------------------  ----------------------------------- 
 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                      SALE OF 15,938 SHARES 
       the transaction 
---  -----------------------------  ------------------------------------- 
 c)   Price(s)                        Price(s)    Volume(s) 
       and volume(s)                  ----------  ---------- 
                                       GBP4.76     15,938 
                                      ----------  ---------- 
---  -----------------------------  ------------------------------------- 
 d)   Aggregated 
       information                     N/A 
        *    Aggregated volume 
 
 
        *    Price 
---  -----------------------------  ------------------------------------- 
 e)   Date of the 
       transaction                     12 MARCH 2018 
---  -----------------------------  ------------------------------------- 
 f)   Place of 
       the transaction                 LONDON STOCK EXCHANGE 
---  -----------------------------  ------------------------------------- 
 
 

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                        GROUP FINANCE DIRECTOR 
       /status 
---  ------------------------------  ------------------------------------ 
 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                     EXERCISE OF 39,846 NIL COST OPTIONS 
       the transaction               UNDER THE COMPANY'S 2014 LTIP 
---  ----------------------------  -------------------------------------- 
 c)   Price(s)                       Price(s)    Volume(s) 
       and volume(s)                 ----------  ---------- 
                                      Nil Cost    39,846 
                                     ----------  ---------- 
---  ----------------------------  -------------------------------------- 
 d)   Aggregated 
       information                    N/A 
        *    Aggregated volume 
 
 
        *    Price 
---  ----------------------------  -------------------------------------- 
 e)   Date of the 
       transaction                    09 MARCH 2018 
---  ----------------------------  -------------------------------------- 
 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                        GROUP FINANCE DIRECTOR 
       /status 
---  ------------------------------  ---------------------------------------- 
 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                     SALE OF 18,728 SHARES TO SATISFY 
       the transaction               TAX AND NATIONAL INSURANCE LIABILITIES 
---  ----------------------------  ------------------------------------------ 
 c)   Price(s)                       Price(s)    Volume(s) 
       and volume(s)                 ----------  ---------- 
                                      GBP4.74     18,728 
                                     ----------  ---------- 
---  ----------------------------  ------------------------------------------ 
 d)   Aggregated 
       information                    N/A 
        *    Aggregated volume 
 
 
        *    Price 
---  ----------------------------  ------------------------------------------ 
 e)   Date of the 
       transaction                    09 MARCH 2018 
---  ----------------------------  ------------------------------------------ 
 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                        GROUP FINANCE DIRECTOR 
       /status 
---  ------------------------------  ----------------------------------- 
 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                     SALE OF 10,559 SHARES 
       the transaction 
---  ----------------------------  ------------------------------------- 
 c)   Price(s)                       Price(s)    Volume(s) 
       and volume(s)                 ----------  ---------- 
                                      GBP4.76     10,559 
                                     ----------  ---------- 
---  ----------------------------  ------------------------------------- 
 d)   Aggregated 
       information                    N/A 
        *    Aggregated volume 
 
 
        *    Price 
---  ----------------------------  ------------------------------------- 
 e)   Date of the 
       transaction                    12 MARCH 2018 
---  ----------------------------  ------------------------------------- 
 f)   Place of 
       the transaction                LONDON STOCK EXCHANGE 
---  ----------------------------  ------------------------------------- 
 
 

13 March 2018

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 company news service from the London Stock Exchange

END

DSHLXLFFVXFZBBV

(END) Dow Jones Newswires

March 13, 2018 08:53 ET (12:53 GMT)

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