Costain Group PLC
("Costain" or the "Company")
Employee Share Plans - Announcement of transactions in ordinary shares of 50p each
The Company announces that on 5 April 2011 it was notified that options to acquire ordinary shares of 50p each in the capital of the Company granted under the Long Term Incentive Plan for 2007 and 2008 had been exercised by persons discharging managerial responsibility ("PDMR"). On the same day, some of the resulting ordinary shares were sold to satisfy the tax and national insurance liabilities arising on such vesting. Details are set out below.
|
Name of PDMR |
Number of shares |
Option price |
Number of shares sold |
Number of shares retained |
|
Andrew Wyllie |
222,926 |
£1.00 |
113,922 |
109,004 |
|
Tony Bickerstaff |
128,921 |
£1.00 |
65,883 |
63,038 |
The exercise of options took place in Guernsey.
The sale of shares took place on the London Stock Exchange on 5 April 2011 at a price of 251p per share.
This announcement is made following notifications under Disclosure Rule 3.1.2. and pursuant to Disclosure 3.1.4.
8 April 2011
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Enquiries to: |
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|
Costain Group PLC |
Tel: 01628 842444 |
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|
Clive L Franks - Company Secretary |
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|
Graham Read - Communications Director |
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|
College Hill |
Tel: 020 7457 2020 |
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|
Mark Garraway |
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|
Helen Tarbet |
This information is provided by RNS