Employee Share Plan

RNS Number : 5976E

Costain Group PLC

08 April 2011

 



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

Employee Share Plans - Announcement of transactions in ordinary shares of 50p each

The Company announces that on 5 April 2011 it was notified that options to acquire ordinary shares of 50p each in the capital of the Company granted under the Long Term Incentive Plan for 2007 and 2008 had been exercised by persons discharging managerial responsibility ("PDMR"). On the same day, some of the resulting ordinary shares were sold to satisfy the tax and national insurance liabilities arising on such vesting. Details are set out below.

Name of PDMR	Number of shares	Option price	Number of shares sold	Number of shares retained
Andrew Wyllie	222,926	£1.00	113,922	109,004
Tony Bickerstaff	128,921	£1.00	65,883	63,038

The exercise of options took place in Guernsey.

The sale of shares took place on the London Stock Exchange on 5 April 2011 at a price of 251p per share.

This announcement is made following notifications under Disclosure Rule 3.1.2. and pursuant to Disclosure 3.1.4.

8 April 2011

Enquiries to:
Costain Group PLC		Tel: [phone]
Clive L Franks - Company Secretary
Graham Read - Communications Director
College Hill		Tel: [phone]
Mark Garraway
Helen Tarbet

 

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