Last checked at 6 Sep 2016 12:11
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 Long Term Incentive Plan as detailed in section (b) below, the following Director 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 of Shares held prior to the transactions detailed in the section below | Total beneficial holding of Shares held following the transactions detailed in the section below |
Anthony Bickerstaff |
201,826 |
224,826
|
(b) Long Term Incentive Plan
On 07 May 2013, awards were granted under the Costain Group PLC 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. The Awards became exercisable on 07 May 2016 for a period of up to ten years from the date of grant.
On 05 September 2016, 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 02 September 2016, the following Director exercised Awards to acquire the number of Shares as set out in the table below. As detailed below, the Director concerned sold a proportion of the resulting Shares, including a number of Shares sufficient to satisfy his income tax and national insurance liability arising on exercise, and retained the remaining Shares.
Name of Director
| Total number of Shares acquired on exercise of Awards*
|
Exercise Price | Number of Shares sold to satisfy Tax and National Insurance Liabilities, such Shares sold at a price per Share of 348.50 pence |
Number of additional Shares sold, such Shares sold at a price per Share of 345.991 pence |
Number of Shares retained |
Anthony Bickerstaff |
58,408 |
Nil |
27,452 |
7,956 |
23,000 |
* as adjusted following the Capital Raising in March 2014
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 | ANTHONY OLIVER BICKERSTAFF
| |||||
2. | Reason for the notification | ||||||
a) | Position /status | GROUP FINANCE DIRECTOR | |||||
b) | Initial notification / amendment | INITIAL NOTIFICATION | |||||
3. | Details of the Issuer | ||||||
a) | Name | COSTAIN GROUP PLC | |||||
b) | LEI code | N/A | |||||
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 instrument, type of instrument Identification code |
ORDINARY SHARES OF 50 PENCE EACH
ISIN: GB00B64NSP76 | |||||
b) | Nature of the transaction | EXERCISE OF 58,408 NIL COST OPTIONS UNDER THE COMPANY'S 2013 LTIP | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price |
N/A
| |||||
e) | Date of the transaction |
05 SEPTEMBER 2016 | |||||
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 / amendment | INITIAL NOTIFICATION | |||||
3. | Details of the Issuer | ||||||
a) | Name | COSTAIN GROUP PLC | |||||
b) | LEI code | N/A | |||||
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 instrument, type of instrument Identification code |
ORDINARY SHARES OF 50 PENCE EACH
ISIN: GB00B64NSP76 | |||||
b) | Nature of the transaction | SALE OF 27,452 SHARES TO SATISFY TAX AND NATIONAL INSURANCE LIABILITIES | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price |
N/A
| |||||
e) | Date of the transaction |
05 SEPTEMBER 2016 | |||||
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 / amendment | INITIAL NOTIFICATION | |||||
3. | Details of the Issuer | ||||||
a) | Name | COSTAIN GROUP PLC | |||||
b) | LEI code | N/A | |||||
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 instrument, type of instrument Identification code |
ORDINARY SHARES OF 50 PENCE EACH
ISIN: GB00B64NSP76 | |||||
b) | Nature of the transaction | SALE OF 7,956 SHARES | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price |
N/A
| |||||
e) | Date of the transaction |
05 SEPTEMBER 2016 | |||||
f) | Place of the transaction |
LONDON STOCK EXCHANGE | |||||
06 September 2016
Enquiries:
Costain Group PLC Tel: 01628 842444Tracey Wood
Company Secretary
Instinctif Partners | Tel: 020 7457 2020 |
Mark Garraway Helen Tarbet |
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