Costain Group PLC Costain Group PLC Long Term Incentive Plan (8818B)

TIDMCOST

RNS Number : 8818B

Costain Group PLC

09 April 2013

Costain Group PLC

("Costain" or the "Company")

Costain Group PLC Long Term Incentive Plan

- announcement of transactions in ordinary shares of 50p each.

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

On 14 April 2010, awards were granted under the Costain Group PLC Long Term Incentive Plan (the "Plan") to certain directors. The awards were granted in the form of options with a GBP1 exercise price (or an exercise price of GBP1 per exercise if exercised in part).

The awards became exercisable on 03 April 2013 for a period of up to ten years from the date of grant.

The Company announces that on 08 April 2013 it was notified that the following directors exercised their options to acquire the number of ordinary shares of 50 pence each in the capital of the Company set out in the table below. As noted below, these individuals sold a proportion of the resulting ordinary shares to satisfy their income tax and national insurance liabilities arising on exercise and retained the remainder.

 
 Name of Director    Total number   Option price        Number of          Number of 
                       of shares     per exercise      shares sold       shares retained 
                      acquired on                       to satisfy 
                       exercise                      Tax and National 
                                                        Insurance 
                                                       Liabilities 
------------------  -------------  --------------  ------------------  ----------------- 
 Andrew Wyllie          81,632         GBP1.00           38,368              43,264 
------------------  -------------  --------------  ------------------  ----------------- 
 Tony Bickerstaff       54,081         GBP1.00           25,419              28,662 
------------------  -------------  --------------  ------------------  -----------------

The sale of shares took place at a price of 275.87 pence per share.

09 April 2013

 
 Enquiries: 
 
 Costain Group PLC                   Tel: 01628 842444 
 Tracey Wood - Company Secretary 
 Graham Read - Communications 
  Director 
 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

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