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Costain Group PLC - Director/PDMR Shareholding

RNS Number : 5609P
Costain Group PLC
10 June 2020
 

 

 

Costain Group PLC ("Costain" or the "Company")

 

Transactions in shares by Persons Discharging Managerial Responsibilities ("PDMRs")

This announcement is made in relation to awards granted under the Costain Group PLC 2014 Long Term Incentive Plan ("the LTIP") and 2014 Share Deferral Plan ("the SDP"). These awards are structured as nil cost options over a certain number of shares ("Awards").

Following the completion of the Capital Raising announced by the Company on 7 May 2020 and pursuant to the rules of the LTIP and SDP, the Company's Remuneration Committee has determined that certain adjustments should be made to the number of shares under the Awards and, for the LTIP, to the Earnings Per Share ("EPS") performance targets. Details of the adjustments in respect of Awards held by directors of the Company, which have made on the same basis as to all participants with outstanding awards, are set out below.

LTIP

Name of Director

Date of Grant

Number of shares under Award before adjustment

Number of shares under Award after adjustment

EPS performance conditions prior to adjustment

 

 

EPS performance conditions after adjustment

 

 

 

 

 

 

Aggregate EPS      

targets over the

three financial

years commencing with the year of grant

 

Vesting of portion of Awards subject to the EPS measure

 

Aggregate EPS      

targets over the

three financial

years commencing with the year of grant

 

Vesting of that portion of Awards subject to EPS measure

 

Alex

Vaughan

 

 

04 April 2018

 

 

 

 

 

 

07 May 2019

 

20,130

 

 

 

 

 

 

130,769

 

21,388

 

 

 

 

 

 

138,942

 

117.2 pence                    15%

128.9 pence or more       100%

117.2 to 128.9 pence      15% to 100%                                   on a straight line basis

 

 

128.2 pence                     15%

141.0 pence or more        100%

128.2 to 141.0 pence         15% to 100%                                 on a straight line basis

 

99.44 pence                   15%

109.37 pence or more    100%

99.44 to 109.37 pence   15% to100%                                on a straight line basis

 

 

108.77 pence                  15%

119.63 pence or more     100%

108.77 to 119.63 pence   15% to 100%                                       on a straight line basis

 

 

 

 

 

 

 

Tony Bickerstaff

 

 

 

09 March 2015

 

 

 

06 April 2016

 

 

 

04 April 2018

 

 

 

 

 

 

07 May 2019

 

 

51,098

(incl. known dividend shares)

 

43,956

 

 

 

69,370

 

 

 

 

 

 

100,368

 

 

54,291

 

 

 

 

46,703

 

 

 

73,705

 

 

 

 

 

 

106,641

 

 

N/A (Remaining 50% of original award vested 5 years from grant but unexercised)

 

 

N/A (Remaining 50% of original award to vest 5 years from grant)

 

 

117.2 pence                     15%

128.9 pence or more       100%

117.2 to 128.9 pence      15% to 100%                                 on a straight line basis

 

 

128.2 pence                     15%

141.0 pence or more       100%

128.2 to 141.0 pence      15% to 100%                                 on a straight line basis

 

 

N/A (Remaining 50% of original award vested 5 years from grant but unexercised)

 

 

N/A (Remaining 50% of original award to vest 5 years from grant)

 

 

99.44 pence                   15%

109.37 pence or more    100%

99.44 to109.37 pence    15% to100%                                on a straight line basis

 

 

108.77 pence                  15%

119.63 pence or more     100%

108.77 to 119.63 pence   15% to 100%                                       on a straight line basis

 

 

 

 

 

 

               

 

       

 

 

 

 

 

 

 

SDP

 

 

Name of Director

Date of Grant

Number of shares under Award before adjustment

Number of shares under Award after adjustment

 

 

 

 

 

Alex Vaughan

 

 

04 April 2018

 

 

 

 

03 April 2019

 

21,963

(incl. known dividend shares)

 

 

16,076

 

23,335

 

 

 

 

17,080

 

 

 

 

 

Tony Bickerstaff

 

 

04 April 2018

 

 

 

 

03 April 2019

 

49,717

(incl. known dividend shares)

 

 

29,225

 

 

52,824

 

 

 

 

31,051

 

 

 

10 June 2020

 

 

Enquiries:

 

Costain Group PLC

Tel:  01628 842 444

Tracey Wood, Company Secretary

 

 

 

 

 

MHP Communications
Tim Rowntree, Peter Hewer

Tel:  020 3128 8100

[email protected]

 

 

 

 

 

 

 

                                                                                             

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Costain Group

Price: 39.45

Market: LSE
Market Cap: £108.47 m
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