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 £1 exercise price (or an exercise price of £1 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 of shares acquired on exercise |
Option price per exercise |
Number of shares sold to satisfy Tax and National Insurance Liabilities |
Number of shares retained |
Andrew Wyllie |
81,632 |
£1.00 |
38,368 |
43,264 |
Tony Bickerstaff |
54,081 |
£1.00 |
25,419 |
28,662 |
The sale of shares took place at a price of 275.87 pence per share.
09 April 2013
Enquiries: |
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Costain Group PLC |
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Tel: 01628 842444 |
Tracey Wood - Company Secretary |
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Graham Read - Communications Director |
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College Hill |
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Tel: 020 7457 2020 |
Mark Garraway |
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Helen Tarbet |
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