Costain Group PLC Director/PDMR Shareholding (4131U)
2016年4月7日 - 3:00PM
RNSを含む英国規制内ニュース (英語)
TIDMCOST
RNS Number : 4131U
Costain Group PLC
07 April 2016
Costain Group PLC
("Costain" or "the Company")
The following notification is made in accordance with DTR 3.1.4R
(1) (a).
Costain Group PLC announces the following grant of share awards
to certain directors of the Company under the Share Deferral Plan
and the Company's Long Term Incentive Plan as detailed in sections
(A) and (B) below.
(A) Costain Group PLC 2014 Share Deferral Plan
On 06 April 2016, awards over ordinary shares of 50p each in the
Company were made under the Costain Group PLC 2014 Share Deferral
Plan (the "Share Deferral Plan").
The awards granted under the Share Deferral Plan are structured
as options with a nil exercise price over a number of shares (the
"Awards"). No consideration was paid for the grant of the
Awards.
Awards were made to the following Executive Directors:
Name of Director Number of Shares Under the Awards
--------------------- ----------------------------------
Andrew Wyllie 51,643
--------------------- ----------------------------------
Anthony Bickerstaff 34,428
--------------------- ----------------------------------
The Awards will become exercisable on or around the second
anniversary of the date of grant subject to the Rules of the Share
Deferral Plan and the continued employment of the participants. To
the extent that all or any part of the Awards become exercisable,
they will remain exercisable until the day before the tenth
anniversary of the date of grant provided the individual remains an
employee or officer of the Company.
(B) Costain Group PLC 2014 Long Term Incentive Plan
On 06 April 2016, awards under the Costain Group PLC 2014 Long
Term Incentive Plan (the "LTIP") were made over ordinary shares of
50p each in the Company in the form of nil-cost options (the
"Awards").
No consideration was paid for the grant of the Awards.
The vesting of the Awards is subject to the satisfaction of
certain performance conditions. The Annual Report 2015 included
proposed performance conditions. The performance conditions have
now been finalised by the Remuneration Committee of the Company and
are as follows: an EPS target of 91.7p (for 15% vesting) and 101.7p
(for 100% vesting), with vesting on a straight-line basis between
the two. 50% of the Awards will normally vest three years after
grant, subject to the satisfaction of performance conditions over
the three year financial period ending 31 December 2018, whilst the
remaining 50% of the Awards will normally vest on the fifth
anniversary of the date of grant (with no further performance
conditions required). The Awards will remain exercisable from the
date of vesting of each half of the Awards until the day before the
tenth anniversary of the date of grant provided the individual
remains an employee or officer of the Company.
Awards were made to the following Executive Directors:
Name of Director Number of Shares subject to the
Award
----------------------------- --------------------------------
Andrew Wyllie 132,678
----------------------------- --------------------------------
Anthony Bickerstaff 87,913
----------------------------- --------------------------------
The Company was informed of the above transactions on 06 April
2016.
07 April 2016
Enquiries:
Costain Group PLC Tel: 01628 842444
Tracey Wood
Company Secretary
Instinctif Partners 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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