Employee Share Plans

RNS Number : 0477B

Costain Group PLC

10 April 2012

 



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 2012 it was notified that options to acquire ordinary shares of 50 pence each in the capital of the Company granted under the Long Term Incentive Plan for 2009had 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 to satisfy Tax and National Insurance Liabilities	Number of shares retained
Andrew Wyllie	82,417	£1.00	42,858	39,559
Tony Bickerstaff	52,747	£1.00	27,429	25,318

The exercise of options took place in Guernsey.

The sale of shares took place on the London Stock Exchange on 5 April 2012 at a price of 231.87p per share.

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

10 April 2012

Enquiries to:
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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