20th Sep 2005 15:23
Costain Group PLC20 September 2005 Costain Group PLC(the "Company") The Company announced on 12 September 2005 that Mr Andrew Wyllie ("Mr Wyllie")had been appointed Chief Executive of the Company. Pursuant to the terms of MrWyllie's service agreement the Company granted to Mr Wyllie on 19 September2005: a) A contingent award over 400,000 ordinary shares of 5p each in the capital of the Company. The award will vest dependent on the extent to which certain performance targets are satisfied for the financial year ending 31 December 2007; and b) An award in the form of an option with an exercise price of £1 per exercise (whether on exercise of the entire award or any part of it) over 677,966 ordinary shares of 5p each in the capital of the Company under the Costain Group PLC Long-term Incentive Plan. The award can only be generally exercised on the achievement of specified Performance Conditions after the end of the Company's financial year ending 31 December 2008. 20 September 2005 Enquiries: Costain Group PLC Tel: 01628 842575Clive L FranksCompany Secretary College Hill Tel: 020 7487 2020Mark GarrawayMatthew Gregorowski This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Costain