COSTAIN GROUP PLC — Director's Dealing 2020

Jun 10, 2020

National Storage Mechanism | Additional information

RNS Number : 5609P

Costain Group PLC

10 June 2020

Costain Group PLC ("Costain" or the "Company")

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

This announcement is made in relation to awards granted under the Costain Group PLC 2014 Long Term Incentive Plan ("the LTIP") and 2014 Share Deferral Plan ("the SDP"). These awards are structured as nil cost options over a certain number of shares ("Awards").

Following the completion of the Capital Raising announced by the Company on 7 May 2020 and pursuant to the rules of the LTIP and SDP, the Company's Remuneration Committee has determined that certain adjustments should be made to the number of shares under the Awards and, for the LTIP, to the Earnings Per Share ("EPS") performance targets. Details of the adjustments in respect of Awards held by directors of the Company, which have made on the same basis as to all participants with outstanding awards, are set out below.

LTIP

Name of Director	Date of Grant	Number of shares under Award before adjustment	Number of shares under Award after adjustment	EPS performance conditions prior to adjustment		EPS performance conditions after adjustment
				Aggregate EPS       targets over the three financial years commencing with the year of grant	Vesting of portion of Awards subject to the EPS measure	Aggregate EPS       targets over the three financial years commencing with the year of grant	Vesting of that portion of Awards subject to EPS measure
Alex Vaughan	04 April 2018 07 May 2019	20,130 130,769	21,388 138,942	117.2 pence                    15% 128.9 pence or more       100% 117.2 to 128.9 pence      15% to 100%                                   on a straight line basis 128.2 pence                     15% 141.0 pence or more        100% 128.2 to 141.0 pence         15% to 100%                                 on a straight line basis		99.44 pence                   15% 109.37 pence or more    100% 99.44 to 109.37 pence   15% to100%                                on a straight line basis 108.77 pence                  15% 119.63 pence or more     100% 108.77 to 119.63 pence   15% to 100%                                       on a straight line basis
Tony Bickerstaff	09 March 2015 06 April 2016 04 April 2018 07 May 2019	51,098 (incl. known dividend shares) 43,956 69,370 100,368	54,291 46,703 73,705 106,641	N/A (Remaining 50% of original award vested 5 years from grant but unexercised) N/A (Remaining 50% of original award to vest 5 years from grant) 117.2 pence                     15% 128.9 pence or more       100% 117.2 to 128.9 pence      15% to 100%                                 on a straight line basis 128.2 pence                     15% 141.0 pence or more       100% 128.2 to 141.0 pence      15% to 100%                                 on a straight line basis		N/A (Remaining 50% of original award vested 5 years from grant but unexercised) N/A (Remaining 50% of original award to vest 5 years from grant) 99.44 pence                   15% 109.37 pence or more    100% 99.44 to109.37 pence    15% to100%                                on a straight line basis 108.77 pence                  15% 119.63 pence or more     100% 108.77 to 119.63 pence   15% to 100%                                       on a straight line basis

SDP

Name of Director	Date of Grant	Number of shares under Award before adjustment	Number of shares under Award after adjustment
Alex Vaughan	04 April 2018 03 April 2019	21,963 (incl. known dividend shares) 16,076	23,335 17,080
Tony Bickerstaff	04 April 2018 03 April 2019	49,717 (incl. known dividend shares) 29,225	52,824 31,051

10 June 2020

Enquiries:
Costain Group PLC	Tel:  01628 842 444
Tracey Wood, Company Secretary
MHP Communications Tim Rowntree, Peter Hewer	Tel:  020 3128 8100 costain@mhpc.com

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