COSTAIN GROUP PLC — Director's Dealing 2021

Apr 8, 2021

National Storage Mechanism | Additional information

RNS Number : 7354U

Costain Group PLC

08 April 2021

Costain Group PLC

(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 2014 Share Deferral Plan (SDP) as detailed in section (b) below, Alex Vaughan, Chief Executive Officer, 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 section (b) below	Total beneficial holding of Shares held following the transactions detailed in section (b) below
Alex Vaughan	228,461	239,612

(b)        Vesting of Share Deferral Plan (SDP)

On 3 April 2019, awards were granted under the Costain Group PLC 2014 Share Deferral Plan to certain Directors and employees 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 vested on 3 April 2021 and became exercisable for a period of ten years from the date of grant.

On 7 April 2021, the Company was advised that Buck Trustees (Guernsey) Limited, as Trustee of the Costain Group Employee Trust, had undertaken the following transaction:

On 6 April 2021, Alex Vaughan exercised his Award to acquire the number of Shares as set out in the table below. Also as detailed below, the Director sold 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 (including Dividend Shares accrued at vesting)	Exercise Price	Number of Shares sold to satisfy Tax and National Insurance Liabilities, such Shares sold at a price per Share of 61.5 pence	Number of Shares retained
Alex Vaughan	21,041	Nil	9,890	11,151

The Notification of Dealing Form set out below is provided in accordance with the requirements of the Market Abuse Regulation.

Notification of Dealing Form

1.

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

a)

Name

ALEXANDER JOHN VAUGHAN

2.

Reason for the notification

a)

Position /status

CHIEF EXECUTIVE OFFICER/ PDMR

b)

Initial notification / amendment

INITIAL NOTIFICATION

3.

Details of the Issuer

a)

Name

COSTAIN GROUP PLC

b)

LEI code

213800PKIJBZ2EDTKC88

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

(1)   EXERCISE OF 21,041 NIL COST OPTIONS UNDER THE COMPANY'S 2014 SHARE DEFERRAL PLAN (2019 SDP GRANT)

(2)   SALE OF 9,890 SHARES TO SATISFY TAX AND NI LIABILITIES

c)

Price(s) and volume(s)

Price(s)	Volume(s)
(1)   Nil Cost	21,041
(2)   £0.615	9,890

d)

Aggregated information

-  Aggregated volume

-  Price

N/A

e)

Date of the transaction

6 APRIL 2021

f)

Place of the transaction

(1)   and (2) OUTSIDE A TRADING VENUE

Enquiries:

Costain	Tel: 01628 842 444
Sharon Harris, General Counsel and Company Secretary
MHP Communications	Tel: 020 3128 8771
Tim Rowntree Peter Hewer	costain@mhpc.com

8 APRIL 2021

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHBUGDSLUGDGBR