Director/PDMR Shareholding

RNS Number : 1012D

Costain Group PLC

10 May 2012

 



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

2012 Costain Group PLC Long-Term Incentive Plan

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

The Company announces details of Awards in the form of nil-cost options over ordinary shares in the Company of 50p each made on 9 May 2012 under the Costain Group PLC Long-Term Incentive Plan (LTIP).  No consideration was paid for the grant of the Awards.  

The vesting of the Awards is subject to the satisfaction of performance conditions set by the Remuneration Committee of the Company.  The Awards will normally become exercisable on the later of the third anniversary of grant and the determination of the performance conditions, following the end of the Company's financial year ending 31 December 2014. 

Awards were made to the following Executive Directors:

Name                                                               Number of Shares subject to the Award

Mr A Wyllie, Chief Executive	207,044
Mr A O Bickerstaff, Finance Director	137,167

The Company was informed of the above transactions on 9 May 2012.

London, 10 May 2012

Enquiries:

Costain Group PLC	Tel: [phone]
Tracey Wood
College Hill	Tel: [phone]
Mark Garraway

 

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