Deferred Share Bonus Plan


 

TIDMCOST 
 
RNS Number : 4914K 
Costain Group PLC 
20 April 2010 
 

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 19 April 2010, 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 number of shares ("Deferred 
Award"); and 
 
2)   an option with a nil exercise price over a fixed value of shares, which is 
granted in combination with an HMRC approved market value option ("Combined 
Deferred Award"). 
 
Under the Schedule to the Plan, the relevant directors were also granted an HMRC 
approved option over a fixed number of shares with an exercise price of 24.25 
pence per share ("Option"). 
 
No consideration was paid for the grant of the Deferred Award, Combined Deferred 
Award and Option (together, the "Awards"). 
 
+---------------+----------------+----------------+---------------+ 
|    Name of    |   Number of    |Maximum number  |  Number of    | 
|   Director    |  shares under  |  and value of  | shares under  | 
|               |  the Deferred  |  shares under  |  the Option   | 
|               |     Award      |  the Combined  |               | 
|               |                |Deferred Award  |               | 
+---------------+----------------+----------------+---------------+ 
| Andrew Wyllie |    258,000     |    123,771     |    123,771    | 
|               |                |  GBP29,999.91  |               | 
+---------------+----------------+----------------+---------------+ 
| Tony          |    121,800     |    123,771     |    123,771    | 
| Bickerstaff   |                |  GBP29,999.91  |               | 
|               |                |                |               | 
+---------------+----------------+----------------+---------------+ 
 
The value of the shares under the Combined Deferred Award and the Option are 
equal.  The Combined Deferred Award and the Option must normally be exercised at 
the same time.  When calculating the maximum value of the shares under a 
Deferred Award that may be granted under the terms of the Plan, the value of the 
shares under the Option is not counted. 
 
The Awards will become exercisable on the second anniversary of the date of 
grant subject to the continued employment of the participant.  The value of the 
shares delivered under the Combined Deferred Award on exercise is the same as 
the value of the shares under that award at the time of grant.  The number of 
shares under the Deferred Award and Option at grant will be delivered to the 
participants on exercise. 
 
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 under the Plan on 19 April 
2010. 
 
20 April 2010 
 
+----------------------+------+----------------------------+ 
| Enquiries:           |      |                            | 
|                      |      |                            | 
+----------------------+------+----------------------------+ 
| Costain Group PLC    |      |          Tel: 01628 842444 | 
+----------------------+------+----------------------------+ 
| Clive L Franks,      |      |                            | 
| Company Secretary    |      |                            | 
|                      |      |                            | 
+----------------------+------+----------------------------+ 
| College Hill         |      |         Tel: 020 7457 2020 | 
+----------------------+------+----------------------------+ 
| Mark Garraway        |      |                            | 
+----------------------+------+----------------------------+ 
| Adam Aljewicz        |      |                            | 
+----------------------+------+----------------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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