COSTAIN GROUP PLC — Remuneration Information 2018

Apr 4, 2018

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RNS Number : 8401J

Costain Group PLC

04 April 2018

Costain Group PLC

(the "Company")

GRANT OF NIL COST OPTIONS

Costain announces the following grant of share awards to certain Directors of the Company under the Costain Share Deferral Plan and the Long Term Incentive Plan as detailed in sections (A) and (B) below.

(A)    Costain Group PLC 2014 Share Deferral Plan

On 04 April 2018, awards over ordinary shares of 50p each in the Company were made under the Costain Group PLC 2014 Share Deferral Plan (the "Share Deferral Plan").

The awards granted under the Share Deferral Plan are structured as options over a number of shares with a nil exercise price (the "Awards").  No consideration was paid for the grant of the Awards.

Awards were made to the following Executive Directors:

Name of Director	Number of Shares Under the Awards
Andrew Wyllie	41,368
Anthony Bickerstaff	27,410

The Awards will become exercisable on or around the second anniversary of the date of grant subject to the Rules of the Share Deferral Plan. To the extent that all or any part of the Awards become exercisable, they will remain exercisable until the day before the tenth anniversary of the date of grant provided the individual remains an employee or officer of the Company.

(B)    Costain Group PLC 2014 Long Term Incentive Plan

On 04 April 2018, awards under the Costain Group PLC 2014 Long Term Incentive Plan (the "LTIP") were made over ordinary shares of 50p each in the Company in the form of options with a nil exercise price (the "Awards").  No consideration was paid for the grant of the Awards.

The vesting of the Awards is subject to the satisfaction of certain performance conditions. The Annual Report 2017 included proposed performance conditions. The performance conditions have now been finalised by the Remuneration Committee of the Company and are as follows:

(a)  an EPS target (relating to 75% of the Awards) of 117.2p (for 15% vesting) and 128.9p (for 100% vesting), with vesting on a straight-line basis between the two; and

(b)  a cash conversion target (relating to 25% of the Awards) of 80% (for 15% vesting) and 100% (for 100% vesting), with vesting on a straight-line basis between the two.

50% of the Awards will normally vest three years after grant, subject to the satisfaction of performance conditions over the three-year financial period ending 31 December 2020, whilst the remaining 50% of the Awards will normally vest on the fifth anniversary of the date of grant (with no further performance conditions required). The Awards will remain exercisable from the date of vesting of each half of the Awards until the day before the tenth anniversary of the date of grant provided the individual remains an employee or officer of the Company.

Awards were made to the following Executive Directors:

Name of Director	Number of Shares subject to the Award
Andrew Wyllie	104,707
Anthony Bickerstaff	69,370

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

GRANT OF 41,368 OPTIONS UNDER THE COMPANY'S 2014 SHARE DEFERRAL PLAN

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil cost	41,368

d)

Aggregated information

-  Aggregated volume

-  Price

N/A

e)

Date of the transaction

04 APRIL 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

GRANT OF 27,410 OPTIONS UNDER THE COMPANY'S 2014 SHARE DEFERRAL PLAN

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil cost	27,410

d)

Aggregated information

-  Aggregated volume

-  Price

N/A

e)

Date of the transaction

04 APRIL 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

GRANT OF 104,707 OPTIONS UNDER THE COMPANY'S 2014 LONG TERM INCENTIVE PLAN

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil cost	104,707

d)

Aggregated information

-  Aggregated volume

-  Price

N/A

e)

Date of the transaction

04 APRIL 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

GRANT OF 69,370 OPTIONS UNDER THE COMPANY'S 2014 LONG TERM INCENTIVE PLAN

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil cost	69,370

d)

Aggregated information

-  Aggregated volume

-  Price

N/A

e)

Date of the transaction

04 APRIL 2018

f)

Place of the transaction

OUTSIDE A TRADING VENUE

04 APRIL 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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