Deferred Share Bonus Plan

RNS Number : 6671B

Costain Group PLC

05 April 2013

 



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 03 April 2013, 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 follows:

1) an option with a nil exercise price over a fixed value of shares (the "Combined Deferred Award");

2) an HMRC approved market value option (granted under the Schedule to the Plan) over a fixed number of shares with an exercise price of 278.5 pence per share (the "Option"); and

3) an option with a nil exercise price over a number of shares (the "Deferred Award")

together being the "Award".

No consideration was paid for the grant of the Awards.

Name of Director	Value of Shares under the Combined Deferred Award	Number of Shares under the Option	Number of Shares Under the Deferred Award
Andrew Wyllie	£29,997.235	10,771	36,401
Tony Bickerstaff	£29,997.235	10,771	20,394

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

The Company was informed of the above transactions on 03 April 2013.

05 April 2013

Enquiries:

Costain Group PLC	Tel: [phone]
Paul Starkey Joint Company Secretary
College Hill	Tel: [phone]
Mark Garraway Helen Tarbet

 

END

 

 

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