Business
Re. Long Term Incentive Plan
Re. Long Term Incentive Plan.
About this update from Costain Group Plc
[{"type":"text","content":"\n \nRNS Number : 1628E Costain Group PLC 07 May 2013 \n \n\n \n \nCostain Group PLC(\"Costain\" or the \"Company\")\n \n \n2012 Costain Group PLC Long-Term Incentive Plan\nThis notification is made in accordance with DTR 3.1.4(1).\n \nThe Company announces details of Awards in the form of nil-cost options over ordinary shares in the Company of 50p each made on 07 May 2013 under the Costain Group PLC Long-Term Incentive Plan (LTIP). No consideration was paid for the grant of the Awards. \n \nThe vesting of the Awards is subject to the satisfaction of performance conditions set by the Remuneration Committee of the Company. The Awards will normally become exercisable on the later of the third anniversary of grant and the determination of the performance conditions following the end of the Company's financial year ending 31 December 2015. \n \nAwards were made to the following Executive Directors:\n \n\n\n\n\nName of Director\n\n\nNumber of Shares subject to the Award\n\n\n\n\nAndrew Wyllie\n\n\n163,293\n\n\n\n\nTony Bickerstaff\n\n\n108,691\n\n\n\n\n \nThe Company was informed of the above transactions on 07 May 2013.\n \n07 May 2013 \n \nEnquiries:\n\n\n\n\nCostain Group PLC\n\n\nTel: 01628 842444\n\n\n\n\nTracey Wood\nCompany Secretary\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCollege Hill \n\n\nTel: 020 7457 2020\n\n\n\n\nMark Garraway\n\n\n\n\n\n\n\nHelen Tarbet\n\n\n\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCEDLFBXEFBBBB\n ","length":5293,"tagName":"div"}]