COSTAIN GROUP PLC — Director's Dealing 2016

Sep 6, 2016

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RNS Number : 0974J

Costain Group PLC

06 September 2016

Costain Group PLC

("Costain" or "the Company")

EXERCISE OF NIL COST OPTIONS

(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 holding of Shares held prior to the transactions detailed in the section below	Total beneficial holding of Shares held following the transactions detailed in the section below
Anthony Bickerstaff	201,826	224,826

(b)   Long Term Incentive Plan

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

On 05 September 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 transaction:

On 02 September 2016, the following Director exercised Awards 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, including a number of Shares sufficient to satisfy his income tax and national insurance liability arising on exercise, and retained the remaining Shares.

Name of Director	Total number of Shares acquired on exercise of Awards*	Exercise Price	Number of Shares sold to satisfy Tax and National Insurance Liabilities, such Shares sold at a price per Share of 348.50 pence	Number of additional Shares sold, such Shares sold at a price per Share of           345.991 pence	Number of Shares retained
Anthony Bickerstaff	58,408	Nil	27,452	7,956	23,000

* as adjusted following the Capital Raising in March 2014

The Notification of Dealing Forms set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

Notification of Dealing Form

1.

Details of the Person Discharging Managerial Responsibility ("PDMR") / person closely associated with them ("PCA")

a)

Name

ANTHONY OLIVER BICKERSTAFF

2.

Reason for the notification

a)

Position /status

GROUP FINANCE DIRECTOR

b)

Initial notification / amendment

INITIAL NOTIFICATION

3.

Details of the Issuer

a)

Name

COSTAIN GROUP PLC

b)

LEI code

N/A

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

ORDINARY SHARES OF 50 PENCE EACH

ISIN:  GB00B64NSP76

b)

Nature of the transaction

EXERCISE OF 58,408 NIL COST OPTIONS UNDER THE COMPANY'S 2013 LTIP

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil Cost	58,408

d)

Aggregated information

-  Aggregated volume

-  Price

N/A

e)

Date of the transaction

05 SEPTEMBER 2016

f)

Place of the transaction

OUTSIDE A TRADING VENUE

Notification of Dealing Form

1.

Details of the Person Discharging Managerial Responsibility ("PDMR") / person closely associated with them ("PCA")

a)

Name

ANTHONY OLIVER BICKERSTAFF

2.

Reason for the notification

a)

Position /status

GROUP FINANCE DIRECTOR

b)

Initial notification / amendment

INITIAL NOTIFICATION

3.

Details of the Issuer

a)

Name

COSTAIN GROUP PLC

b)

LEI code

N/A

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

ORDINARY SHARES OF 50 PENCE EACH

ISIN:  GB00B64NSP76

b)

Nature of the transaction

SALE OF 27,452 SHARES TO SATISFY TAX AND NATIONAL INSURANCE LIABILITIES

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£3.4850	27,452

d)

Aggregated information

-  Aggregated volume

-  Price

N/A

e)

Date of the transaction

05 SEPTEMBER 2016

f)

Place of the transaction

OUTSIDE A TRADING VENUE

Notification of Dealing Form

1.

Details of the Person Discharging Managerial Responsibility ("PDMR") / person closely associated with them ("PCA")

a)

Name

ANTHONY OLIVER BICKERSTAFF

2.

Reason for the notification

a)

Position /status

GROUP FINANCE DIRECTOR

b)

Initial notification / amendment

INITIAL NOTIFICATION

3.

Details of the Issuer

a)

Name

COSTAIN GROUP PLC

b)

LEI code

N/A

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

ORDINARY SHARES OF 50 PENCE EACH

ISIN:  GB00B64NSP76

b)

Nature of the transaction

SALE OF 7,956 SHARES

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£3.45991	7,956

d)

Aggregated information

-  Aggregated volume

-  Price

N/A

e)

Date of the transaction

05 SEPTEMBER 2016

f)

Place of the transaction

LONDON STOCK EXCHANGE

06 September 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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