Costain Group PLC Director/PDMR Shareholding (7825D)

TIDMCOST

RNS Number : 7825D

Costain Group PLC

01 April 2014

Costain Group PLC ("Costain" or the "Company")

Transactions in shares by Persons Discharging Managerial Responsibilities ("PDMRs")

This announcement is made in accordance with DTR 3.1.4(1)(a).

On 3 April 2013, awards were granted under the Costain Deferred Bonus Share Plan (the "Plan") to certain directors of Costain Group PLC (the "Company").

The awards granted under the Plan are structured as follows:

   --      options with a nil exercise price over a number of shares ("Deferred Award");

-- options with a nil exercise price over a fixed value of shares, which is granted in combination with an HMRC approved market value option ("Combined Deferred Award"); and

   --      HMRC approved market value options over a fixed number of shares ("Option").

Following the completion of the Capital Raising announced by the Company on 27 February 2014, and pursuant to the rules of the Plan, the remuneration committee of the board of directors of the Company has determined that certain adjustments should automatically be made to the number of shares under the awards and, where relevant, the Option price per share. Where required, the adjustments have been approved by HM Revenue & Customs. Details of the adjustments in respect of awards held by certain directors of the Company are set out below.

 
 Name of Director         Number of shares under              Number of shares under 
                      Deferred Award before adjustment    Deferred Award after adjustment 
------------------  ----------------------------------  --------------------------------- 
 
 Andrew Wyllie                     36,401                              39,122 
------------------  ----------------------------------  --------------------------------- 
 
 Tony Bickerstaff                  20,394                              21,918 
------------------  ----------------------------------  --------------------------------- 
 
 
 Name of Director       Maximum number and value of shares under          Maximum number and value of shares under 
                        Combined Deferred Award before adjustment         Combined Deferred Award after adjustment 
------------------  ------------------------------------------------  ------------------------------------------------ 
 
 Andrew Wyllie                            10,771                                            11,576 
------------------  ------------------------------------------------  ------------------------------------------------ 
 
 Tony Bickerstaff                         10,771                                            11,576 
------------------  ------------------------------------------------  ------------------------------------------------ 
 
 
 Name of Director    Number of shares under     Number of shares under     Option price per share      Option price 
                          Option before        Option after adjustment       before adjustment           per share 
                           adjustment                                                                 after adjustment 
------------------  ------------------------  -------------------------  -------------------------  ------------------ 
 
 Andrew Wyllie                10,771                     11,576                      272p                  253.07p 
------------------  ------------------------  -------------------------  -------------------------  ------------------ 
 
 Tony Bickerstaff             10,771                     11,576                      272p                  253.07p 
------------------  ------------------------  -------------------------  -------------------------  ------------------

01 April 2014

ENQUIRIES:

 
 Costain Group PLC     Tel: 01628 842 444 
 Tracey Wood 
  Company Secretary 
 
 Instinctif Partners   Tel: 020 7457 2020 
 Mark Garraway 
 Helen Tarbet

This information is provided by RNS

The company news service from the London Stock Exchange

END

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