COST Costain Group Plc

TIDMCOST

RNS Number : 3791Y

Costain Group PLC

16 May 2016

Costain Group PLC

("Costain" or "the Company")

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

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

(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     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            360,000                406,508 
------------------  -------------------  ----------------------- 
 
   (b)   Long Term Incentive Plan 

On 07 May 2013, awards were granted under the Costain Group PLC Long Term Incentive Plan (the "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 "Award"). No consideration was paid for the grant of the Award. The Award became exercisable on 07 May 2016 for a period of up to ten years from the date of grant.

On 16 May 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 transactions:

On 13 May 2016, the following Director exercised his options 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, in order to satisfy his income tax and national insurance liability arising on exercise, and retained the remaining Shares.

 
                       Total number      Number of shares 
   Name of Director      of Shares        sold to satisfy            Number of 
                        acquired on       Tax and National        Shares retained 
                        exercise of    Insurance Liabilities, 
                        the Award*          such Shares 
                                          sold at a price 
                                            per Share of 
                                             328 pence 
--------------------  -------------  ------------------------  ------------------ 
 Andrew Wyllie            87,751              41,243                 46,508 
--------------------  -------------  ------------------------  ------------------ 
 

* as adjusted following the Capital Raising in March 2014

16 May 2016

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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