Costain Group PLC Director/PDMR Shareholding
30 Octubre 2024 - 4:23AM
RNS Regulatory News
RNS Number : 2441K
Costain Group PLC
30 October 2024
Costain Group PLC (the
Company or Costain)
30 October
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, Helen Willis,
chief financial officer, held the number of ordinary shares of 1
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
|
|
Helen Willis
|
0
|
132,248
|
(b) 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 29 October 2024, the Company was
advised that Buck Trustees (Guernsey) Limited, as Trustee of the
Costain Group Employee Trust, had undertaken the following
transaction:
On 28 October 2024, Helen Willis
exercised her Award to acquire the number of Shares as set out in
the table below. Also as detailed below, Helen sold a number of
Shares sufficient to satisfy her income tax and national insurance
liability arising on exercise and then, in line with the Company's
remuneration policy, Helen retained 50% and sold 50% of 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 107.00 pence
|
Number of additional Shares
sold at a price per Share of 106.75 pence
|
Number of Shares
retained*
|
|
Helen
Willis
|
499,052
|
Nil
|
234,555
|
132,249
|
132,248
|
* transferred to spouse, retaining
the beneficial ownership of the shares.
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
|
HELEN MARGARET WILLIS
|
|
2.
|
Reason for the notification
|
|
a)
|
Position /status
|
CHIEF FINANCIAL 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 1 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
|
499,052
|
|
(2) £1.07
|
234,555
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Total number of Shares vested -
499,052
Number of Shares sold to cover Tax
and NI - 234,555
Total price - £250,973.85
|
|
e)
|
Date of the transaction
|
(1) 28
OCTOBER 2024
(2) 28 OCTOBER 2024
|
|
f)
|
Place of the transaction
|
(1) OUTSIDE A TRADING VENUE
(2) 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
|
HELEN MARGARET WILLIS
|
|
2.
|
Reason for the notification
|
|
a)
|
Position /status
|
CHIEF FINANCIAL 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 1 PENCE
EACH
ISIN: GB00B64NSP76
|
|
b)
|
Nature of the transaction
|
SALE OF SHARES
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£1.0675
|
132,249
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Total number of shares sold -
132,249
Total price - £141,175.81
|
|
e)
|
Date of the transaction
|
29 OCTOBER 2024
|
|
f)
|
Place of the transaction
|
LONDON STOCK EXCHANGE
|
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END
DSHFDEFSSELSEES
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