COSTAIN GROUP PLC — Director's Dealing 2016

Apr 4, 2016

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RNS Number : 0481U

Costain Group PLC

04 April 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 Deferred Share Bonus 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 holding of Shares held prior to the transactions detailed in the section below	Total beneficial holding of Shares held following the transactions detailed in section below
Andrew Wyllie	355,000	360,000
Anthony Bickerstaff	197,826	201,826

(b)  Deferred Share Bonus Plan

On 31 March 2014, awards were granted under the Costain Group PLC Deferred Share Bonus Plan    ("the Plan") to certain Directors of the Company.  The awards were granted under the Plan in the form of options with a nil exercise price over a fixed number of Shares (the "Deferred Award").                   No consideration was paid for the grant of the Deferred Award. The Deferred Award became exercisable on 31 March 2016 for a period up until the tenth anniversary of grant.

On 01 April 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 31 March 2016, the following Directors exercised their options to acquire the number of Shares as set out in the table below. As detailed below, these individuals sold a proportion of the resulting Shares, including sufficient to satisfy their income tax and national insurance liability arising on the exercise, and retained the remaining Shares. In addition, in accordance with the Rules of the Plan, dividend Shares were awarded representing the value of dividends that would have been due on the vested Deferred Award Shares during the period between 01 October 2014 and 31 March 2016.

Name of Director	Total number of Shares acquired on exercise of the Deferred Award (including dividend Shares)	Number of Shares sold to satisfy Tax and National Insurance Liabilities, such shares sold at a price per Share of 355.50 pence	Number of other Shares sold, such Shares sold at a price per Share of       343.32 pence	Number of Shares retained
Andrew Wyllie	63,530	29,860	28,670	5,000
Anthony Bickerstaff	42,089	19,782	18,307	4,000

04 April 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

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