COSTAIN GROUP PLC — Remuneration Information 2018

Mar 13, 2018

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RNS Number : 5869H

Costain Group PLC

13 March 2018

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 2014 Long Term Incentive Plan as detailed in section (b) below, the following Directors 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
Andrew Wyllie	422,419	438,357
Anthony Bickerstaff	236,595	247,154

(b)   Long Term Incentive Plan

On 09 March 2015, awards were granted under the Costain Group PLC 2014 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. 50% of the Awards that are capable of vesting became exercisable on 09 March 2018, whilst the remaining 50% are due to become exercisable on the fifth anniversary of the date of grant (with no further performance conditions required).  The Awards are exercisable, upon vesting, for a period of ten years from the date of grant provided the Director remains an employee or officer of the Company.

On 12 March 2018, 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 09 March 2018, the following Directors exercised Awards to acquire the number of Shares as set out in the table below. As detailed below, the Directors concerned sold a proportion of the resulting Shares, including a number of Shares sufficient to satisfy their 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 474 pence	Number of additional Shares sold, such Shares sold at a price per Share of                   476 pence	Number of Shares retained
Andrew Wyllie	60,144	Nil	28,268	15,938	15,938
Anthony Bickerstaff	39,846	Nil	18,728	10,559	10,559

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

ANDREW WYLLIE

2.

Reason for the notification

a)

Position /status

CHIEF EXECUTIVE

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

EXERCISE OF 60,144 NIL COST OPTIONS UNDER THE COMPANY'S 2014 LTIP

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil Cost	60,144

d)

Aggregated information

-  Aggregated volume

-  Price

N/A

e)

Date of the transaction

09 MARCH 2018

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

ANDREW WYLLIE

2.

Reason for the notification

a)

Position /status

CHIEF EXECUTIVE

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

SALE OF 28,268 SHARES TO SATISFY TAX AND NATIONAL INSURANCE LIABILITIES

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£4.74	28,268

d)

Aggregated information

-  Aggregated volume

-  Price

N/A

e)

Date of the transaction

09 MARCH 2018

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

ANDREW WYLLIE

2.

Reason for the notification

a)

Position /status

CHIEF EXECUTIVE

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

SALE OF 15,938 SHARES

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£4.76	15,938

d)

Aggregated information

-  Aggregated volume

-  Price

N/A

e)

Date of the transaction

12 MARCH 2018

f)

Place of the transaction

LONDON STOCK EXCHANGE

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

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

EXERCISE OF 39,846 NIL COST OPTIONS UNDER THE COMPANY'S 2014 LTIP

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil Cost	39,846

d)

Aggregated information

-  Aggregated volume

-  Price

N/A

e)

Date of the transaction

09 MARCH 2018

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

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

SALE OF 18,728 SHARES TO SATISFY TAX AND NATIONAL INSURANCE LIABILITIES

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£4.74	18,728

d)

Aggregated information

-  Aggregated volume

-  Price

N/A

e)

Date of the transaction

09 MARCH 2018

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

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

SALE OF 10,559 SHARES

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£4.76	10,559

d)

Aggregated information

-  Aggregated volume

-  Price

N/A

e)

Date of the transaction

12 MARCH 2018

f)

Place of the transaction

LONDON STOCK EXCHANGE

13 March 2018

Enquiries:

Costain Group PLC                                                                                        Tel: 01628 842444

Tracey Wood

Company Secretary

Instinctif Partners	Tel: 020 7457 2020
Mark Garraway James Gray

This information is provided by RNS

The company news service from the London Stock Exchange

END

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