Costain Group PLC Deferred Share Bonus Plan (6671B)

TIDMCOST

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        Number of Shares under the       Number of Shares Under the 
                         Combined Deferred Award                   Option                       Deferred Award 
------------------  --------------------------------  -------------------------------  ------------------------------- 
 Andrew Wyllie                GBP29,997.235                        10,771                           36,401 
------------------  --------------------------------  -------------------------------  ------------------------------- 
 Tony Bickerstaff             GBP29,997.235                        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: 01628 842444 
 Paul Starkey 
  Joint Company Secretary 
 
 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

END

MSCNKPDDOBKKQQK

Costain (LSE:COST)
過去株価チャート
から 7 2024 まで 8 2024