Costain Group PLC Long Term Incentive Plan

RNS Number : 8818B

Costain Group PLC

09 April 2013

 



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

Costain Group PLC Long Term Incentive Plan

-  announcement of transactions in ordinary shares of 50p each.

This notification is made in accordance with DTR 3.1.4(1).

On 14 April 2010, awards were granted under the Costain Group PLC Long Term Incentive Plan (the "Plan") to certain directors.  The awards were granted in the form of options with a £1 exercise price (or an exercise price of £1 per exercise if exercised in part).

The awards became exercisable on 03 April 2013 for a period of up to ten years from the date of grant.

The Company announces that on 08 April 2013 it was notified that the following directors exercised their options to acquire the number of ordinary shares of 50 pence each in the capital of the Company set out in the table below.  As noted below, these individuals sold a proportion of the resulting ordinary shares to satisfy their income tax and national insurance liabilities arising on exercise and retained the remainder.

Name of Director	Total number of shares acquired on exercise	Option price per exercise	Number of shares sold to satisfy Tax and National Insurance Liabilities	Number of shares retained
Andrew Wyllie	81,632	£1.00	38,368	43,264
Tony Bickerstaff	54,081	£1.00	25,419	28,662

The sale of shares took place at a price of 275.87 pence per share.

09 April 2013

Enquiries:
Costain Group PLC		Tel: [phone]
Tracey Wood - Company Secretary
Graham Read - Communications Director
College Hill		Tel: [phone]
Mark Garraway
Helen Tarbet

 

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