Exercise of Nil Cost Options

 

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