10th Oct 2006 10:31
Costain Group PLC10 October 2006 Costain Group PLC("the Company") Long-Term Incentive Plan The Company announces details an Award in the form of an option with an exerciseprice of £1 per exercise (whether on exercise of the entire Award or any part ofit) over 576,310 ordinary shares of 5p each made on 10 October 2006 under theCostain Group PLC Long-Term Incentive Plan (LTIP) the award can only beexercised on the achievement of specified performance conditions after the endof the Company's Financial Year ending 31 December 2009. An Award was made tothe following Executive Director: Name: Number of Shares subject to the Award Mr A O Bickerstaff 333,333 Other Awards were made on 10 October 2006 under the LTIP to employees who arenot Executive Directors of the Company. Contingent Awards Pursuant to the terms of Mr Bickerstaff's agreement the Company granted to MrBickerstaff on 9 October 2006: a. a contingent Award of 120,000 ordinary shares of 5p each in the capital of the Company. The Award will vest dependant on the extent to which certain performance targets are satisfied for the Financial Year ending 31 December 2007; and b. a contingent Award of 350,000 ordinary shares of 5p each in the capital of the Company. The Award will vest dependant on the extent to which certain performance targets are satisfied for the Financial Year ending 31 December 2008. 10 October 2006 Enquiries: Costain Group PLC Tel: 01628 842575Clive L Franks, Company Secretary College Hill Tel. 020 7457 2020Mark GarrawayMatthew Gregorowski This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Costain