TIDMCOST

RNS Number : 2216Z

Costain Group PLC

10 January 2011

FORM 8 (OPD)

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1 and 8.2 of the Takeover Code (the "Code")

1. KEY INFORMATION

 
     (a) Identity of the party to the offer making the       Costain Group PLC 
      disclosure: 
----------------------------------------------------------  ------------------ 
     (b) Owner or controller of interests and short          N/A 
     positions disclosed, if different from 1(a): The 
     naming of nominee or vehicle companies is 
     insufficient 
----------------------------------------------------------  ------------------ 
     (c) Name of offeror/offeree in relation to whose        Costain Group PLC 
     relevant securities this form relates: Use a separate 
     form for each party to the offer 
----------------------------------------------------------  ------------------ 
     (d) Is the party to the offer making the disclosure     OFFEROR 
      the offeror or the offeree? 
----------------------------------------------------------  ------------------ 
     (e) Date position held:                                 10 January 2011 
----------------------------------------------------------  ------------------ 
     (f) Has the party previously disclosed, or is it        NO 
     today disclosing, under the Code in respect of any 
     other party to this offer? 
----------------------------------------------------------  ------------------ 
 

2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates

 
 Class of relevant security:                  Ordinary shares of 50p each 
---------------------------------------  ------------------------------------- 
                                             Interests        Short positions 
---------------------------------------  -----------------  ------------------ 
                                            Number      %       Number       % 
---------------------------------------  ------------  ---  -------------- 
     (1) Relevant securities owned            Nil       -         Nil        - 
     and/or controlled: 
---------------------------------------  ------------  ---  -------------- 
     (2) Derivatives (other than              Nil       -         Nil        - 
     options): 
---------------------------------------  ------------  ---  -------------- 
     (3) Options and agreements to            Nil       -         Nil        - 
     purchase/sell: 
---------------------------------------  ------------  ---  -------------- 
     TOTAL:                                   Nil       -         Nil        - 
---------------------------------------  ------------  ---  -------------- 
 

All interests and all short positions should be disclosed.

Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

(b) Rights to subscribe for new securities

 
 Class of relevant security in relation to which subscription   NONE 
  right exists: 
-------------------------------------------------------------  ----- 
 Details, including nature of the rights concerned              NONE 
  and relevant percentages: 
-------------------------------------------------------------  ----- 
 

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c) copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(c) Irrevocable commitments and letters of intent

 
 Details of any irrevocable commitments or letters 
  of intent procured by the party to the offer making 
  the disclosure or any person acting in concert with 
  it (see Note 3 on Rule 2.11 of the Code): 
----------------------------------------------------- 
 NONE 
----------------------------------------------------- 
 

3. POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE

 
 Details of any interests, short positions and rights 
  to subscribe of any person acting in concert with 
  the party to the offer making the disclosure: 
------------------------------------------------------------------ 
 The Directors of Costain Group PLC ("the Company") 
  hold the following interests in shares of the Company: 
 
                                     Approximate 
                     Number of       percentage 
                     ordinary        holding of 
                     shares of 50p   issued share 
   Name              each            capital 
   David Allvey      5,250           0.0083% 
   Andrew Wyllie     28,304          0.0446% 
   Tony 
    Bickerstaff      12,000          0.0189% 
   John Bryant       9,627           0.0152% 
   Michael 
    Alexander        9,263           0.0146% 
   James Morley      5,000           0.0079% 
   Samer Younis      -               -% 
 
  The Directors of the Company have the following Interests 
  in the Costain Long-Term Inventive Plan ("LTIP"), 
  Deferred Share Bonus Plan ("DSBP") and Save As You 
  Earn Option Scheme ("SAYE"): 
 
   Name          Scheme   Date of    Exercise   Number    Vesting 
                           award      price     of        date 
                                                options 
   Andrew        LTIP     18.04.07   GBP1.00    77,599    March 
   Wyllie                                                 2011 
                 LTIP     21.04.08   GBP1.00    154,639   March 
                                                          2011 
                 LTIP     07.04.09   GBP1.00    82,417    March 
                                                          2012 
                 LTIP     14.04.10   GBP1.00    81,632    March 
                                                          2013 
                 DSBP     19.04.10   GBP2.425   38,177    April 
                                                          2013 
                 SAYE     23.05.08   GBP1.96    4,795     July-Dec 
                                                           2011 
   Tony          LTIP     18.04.07   GBP1.00    43,410    March 
   Bickerstaff                                            2011 
                 LTIP     21.04.08   GBP1.00    90,721    March 
                                                          2011 
                 LTIP     07.04.09   GBP1.00    52,747    March 
                                                          2012 
                 LTIP     14.04.10   GBP1.00    54,081    March 
                                                          2013 
                 DSBP     19.04.10   GBP2.425   24,557    April 
                                                          2013 
                 SAYE     23.05.08   GBP1.96    4,795     July-Dec 
                                                           2011 
 
  The following controlling shareholders hold the following 
  interests in shares of the Company: 
 
                                     Approximate 
                    Number of        percentage 
                    ordinary         holding of 
                    shares of 50p    issued share 
   Name             each             capital 
   Mohammed 
    Abdulmohsin 
    Al-Kharafi & 
    Sons WLL        13,789,491       21.72% 
   York Place 
    Limited (UEM 
    Builders 
    Berhad owns 
    100% of York 
    Place 
    Limited)        13,810,850       21.75% 
------------------------------------------------------------------ 
 

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c) copy table 3 for each additional class of relevant security.

Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

 
 Details of any indemnity or option arrangement, or 
  any agreement or understanding, formal or informal, 
  relating to relevant securities which may be an inducement 
  to deal or refrain from dealing entered into by the 
  party to the offer making the disclosure or any person 
  acting in concert with it: 
  If there are no such agreements, arrangements or understandings, 
  state "none" 
------------------------------------------------------------------ 
 NONE 
------------------------------------------------------------------ 
 

(b) Agreements, arrangements or understandings relating to options or derivatives

 
     Details of any agreement, arrangement or understanding, 
      formal or informal, between the party to the offer 
      making the disclosure, or any person acting in concert 
      with it, and any other person relating to: 
      (i) the voting rights of any relevant securities under 
      any option; or 
     (ii) the voting rights or future acquisition or disposal 
      of any relevant securities to which any derivative 
      is referenced: 
      If there are no such agreements, arrangements or understandings, 
      state "none" 
---------------------------------------------------------------------- 
 NONE 
---------------------------------------------------------------------- 
 

(c) Attachments

Are any Supplemental Forms attached?

 
 Supplemental Form 8 (Open Positions)   NO 
-------------------------------------  --- 
 Supplemental Form 8 (SBL)              NO 
-------------------------------------  --- 
 
 
 Date of disclosure:    10 January 2011 
---------------------  -------------------------------- 
 Contact name:          Clive Franks, Company Secretary 
---------------------  -------------------------------- 
 Telephone number:      01628 842575 
---------------------  -------------------------------- 
 

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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