COST Costain Group Plc

TIDMCOST

RNS Number : 9027M

Costain Group PLC

12 May 2015

Costain Group PLC

("Costain" or "the Company")

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

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

(a) Total Beneficial Holding of Shares

Costain Group PLC 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 Directors hold 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 transaction      transaction detailed 
                         detailed in the      in section below 
                         section below 
---------------------  -------------------  ---------------------- 
 Andrew Wyllie               350,000                355,000 
---------------------  -------------------  ---------------------- 
 Anthony Bickerstaff         192,826                197,826 
---------------------  -------------------  ---------------------- 
 
   (b)   Long Term Incentive Plan 

On 09 May 2012, awards were granted under the Costain Group PLC Long Term Incentive Plan (the "Plan") to certain directors. The awards were granted in the form of nil cost options.

The awards became exercisable on 09 May 2015 for a period of up to ten years from the date of grant.

On 11 May 2015 the following directors exercised their options to acquire the number of ordinary shares of 50 pence each in the capital of the Company as set out in the table below. As noted below, these individuals sold a proportion of the resulting ordinary shares, including sufficient to satisfy their income tax and national insurance liability arising on exercise, and retained the remaining shares.

 
    Name of         Total      Exercise      Number         Number        Number       Price 
    Director        number       price      of shares      of Shares     of Shares    at which 
                   of share                  sold to      sold (after    retained      shares 
                   options                   satisfy         tax)         (after        were 
                  exercised*                 Tax and                       tax)         sold 
                                            National 
                                            Insurance 
                                           Liabilities 
--------------  ------------  ---------  -------------  -------------  -----------  ---------- 
 Andrew 
  Wyllie           111,262       nil         52,294         53,968        5,000       328.87p 
--------------  ------------  ---------  -------------  -------------  -----------  ---------- 
 Anthony 
  Bickerstaff      73,711        nil         34,645         34,066        5,000       328.87p 
--------------  ------------  ---------  -------------  -------------  -----------  ---------- 
 

* as adjusted following the Capital Raising in March 2014

The Company was informed of the above transactions on 11 May 2015.

12 May 2015

Enquiries:

Costain Group PLC Tel: 01628 842444

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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