Deferred Share Bonus Plan

RNS Number : 9435A
Costain Group PLC
05 April 2012
 



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

 

Deferred Share Bonus Plan

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

On 4 April 2012, awards over ordinary shares in the Company were made to certain directors of the Costain Group PLC (the "Company") under the Costain Deferred Share Bonus Plan (the "Plan").

The awards granted under the Plan are structured as an option with a nil exercise price over a number of shares ("Deferred Award").  No consideration was paid for the grant of the Deferred Award.

 

Name of Director

Number of shares under the Deferred Award

Andrew Wyllie

78,258

Tony Bickerstaff

51,846

 

The Deferred Awards will become exercisable on the second anniversary of the date of grant subject to the continued employment of the participant.  To the extent that all or any part of a Deferred Award becomes exercisable, it remains exercisable until the tenth anniversary of the date of grant.

 

 5 April 2012

Enquiries:



Costain Group PLC


Tel: 01628 842444

Tracey Wood






College Hill  


Tel: 020 7457 2020

Mark Garraway



Helen Tarbet



 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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