COSTAIN GROUP PLC — Remuneration Information 2024

Apr 9, 2024

National Storage Mechanism | Additional information

RNS Number : 9103J

Costain Group PLC

09 April 2024

 

Costain Group PLC (the Company)

9 April 2024

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	252,239	570,737

(b)        Vesting of Share Deferral Plan (SDP)

On 6 April 2022, 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 6 April 2024 and became exercisable for a period of ten years from the date of grant.

On 9 April 2024, the Company was advised that Buck Trustees (Guernsey) Limited, as Trustee of the Costain Group Employee Trust, had undertaken the following transaction:

On 8 April 2024, Alex Vaughan exercised his Award to acquire the number of Shares as set out in the table below. Also as detailed below, Alex 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 77.8 pence	Number of Shares retained (by transfer to spouse)
Alex Vaughan	600,941	Nil	282,443	318,498

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 NIL COST OPTIONS UNDER THE COMPANY'S 2014 SHARE DEFERRAL PLAN (2022 SDP GRANT)

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

c)

Price(s) and volume(s)

Price(s)	Volume(s)
(1)  Nil Cost	600,941
(2)  £0.778	282,443

d)

Aggregated information

-  Aggregated volume

-  Price

Total number of Shares vested - 600,941

Total number of Shares sold to cover Tax and NI - 282,443

Total price - £219,740.65

e)

Date of the transaction

8 APRIL 2024

f)

Place of the transaction

(1)  and (2) OUTSIDE A TRADING VENUE

Enquiries:

Investors and analysts Paul Sharma, Costain	paul.sharma@costain.com +44 (0)7867 501188
Financial media - Headland	costain@headlandconsultancy.com
Andy Rivett-Carnac Charlie Twigg	+44 (0)7968 997365 +44 (0)7946 494568

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