Long-Term Incentive Plan

RNS Number : 8609E

Costain Group PLC

13 April 2011

 



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 787,193 ordinary shares of 50p each made on 12 April 2011 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 2013.  Awards were made to the following Executive Directors:

Name	Number of Shares subject to the Award
Mr A Wyllie, Chief Executive	169,294
Mr A O Bickerstaff, Finance Director	112,157

Other awards were made on 12 April 2011 under the LTIP to employees who are not Executive Directors of the Company.

13 April 2011

Enquiries:

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

 

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