Long-Term Incentive Plan

RNS Number : 2853Q

Costain Group PLC

07 April 2009

 



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

Long-Term Incentive Plan

The Company announces details of Awards in the form of options with an exercise price of £1 per exercise (whether on exercise of the entire Award or any part of it) over 7,583,743 ordinary shares of 5p each made on 7 April 2009 under the Costain Group PLC Long-Term Incentive Plan (LTIP).  The Awards can only be exercised on the achievement of specified performance conditions after the end of the Company's financial year ending 31 December 2011.  Awards were made to the following Executive Directors:

  Name                                                                             Number of Shares subject to the Award

Mr A Wyllie, Chief Executive	824,175
Mr A O Bickerstaff, Finance Director	527,472

Other awards were made on 7 April 2009 under the LTIP to employees who are not Executive Directors of the Company.

7 April 2009

Enquiries:

Costain Group PLC	Tel: [phone]
Clive L Franks
College Hill	Tel: [phone]
Mark Garraway
Adam Aljewicz

 

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