Costain Group PLC Director/PDMR Shareholding (2392H)

TIDMCOST

RNS Number : 2392H

Costain Group PLC

15 May 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 11 October 2011 awards were granted under the Costain 2002 Savings Related Share Option Scheme (the "2002 Scheme") to certain directors of Costain Group PLC (the "Company").

The awards granted under the 2002 Scheme are structured as options with an exercise price determined at the time of grant (as shown below) over a number of shares ("Options").

Following the completion of the Capital Raising announced by the Company on 27 February 2014 and, pursuant to the rules of the 2002 Scheme, 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 the Option price per share. 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               Date of Grant      Number of        Number of        Option price        Option price 
  Director                               shares under     shares under        per share           per share 
                                         Option before    Option after    before adjustment    after adjustment 
                                          adjustment       adjustment 
--------------------  ---------------  ---------------  --------------  -------------------  ------------------ 
 
   Andrew                11 October 
   Wyllie                2011                1,633            1,755              205p               190.73p 
--------------------  ---------------  ---------------  --------------  -------------------  ------------------ 
 
 
                          11 October 
   Tony Bickerstaff          2011            1,633            1,755              205p               190.73p 
--------------------  ---------------  ---------------  --------------  -------------------  ------------------

15 May 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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