Re. Long Term Incentive Plan

RNS Number : 1628E

Costain Group PLC

07 May 2013

 



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

2012 Costain Group PLC Long-Term Incentive Plan

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

The Company announces details of Awards in the form of nil-cost options over ordinary shares in the Company of 50p each made on 07 May 2013 under the Costain Group PLC Long-Term Incentive Plan (LTIP).  No consideration was paid for the grant of the Awards. 

The vesting of the Awards is subject to the satisfaction of performance conditions set by the Remuneration Committee of the Company. The Awards will normally become exercisable on the later of the third anniversary of grant and the determination of the performance conditions following the end of the Company's financial year ending 31 December 2015. 

Awards were made to the following Executive Directors:

Name of Director	Number of Shares subject to the Award
Andrew Wyllie	163,293
Tony Bickerstaff	108,691

The Company was informed of the above transactions on 07 May 2013.

07 May 2013

Enquiries:

Costain Group PLC	Tel: [phone]
Tracey Wood Company Secretary
College Hill	Tel: [phone]
Mark Garraway
Helen Tarbet

 

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