COSTAIN GROUP PLC — Remuneration Information 2015

Mar 10, 2015

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RNS Number : 0218H

Costain Group PLC

10 March 2015

Costain Group PLC

("Costain" or "the Company")

The following notification is made in accordance with DTR 3.1.4(1)(a).

Costain Group PLC announces the following grant of share awards to certain directors of the Company under the Company's Long Term Incentive Plan and the Deferred Share Bonus Plan as detailed in sections (A) and (B) below.

(A)   Costain Group PLC 2014 Share Deferral Plan

On 09 March 2015, awards over ordinary shares of 50p each in the Company were made under the Costain Group PLC 2014 Share Deferral Plan (the "Share Deferral Plan").

The awards granted under the Share Deferral Plan are structured as options with a nil exercise price over a number of shares (the "Awards").

No consideration was paid for the grant of the Awards.

Name of Director	Number of Shares Under the Awards
Andrew Wyllie	48,999
Anthony Bickerstaff	34,140

The Awards will become exercisable on or around the second anniversary of the date of grant subject to the Rules of the Plan and the continued employment of the participants. To the extent that all or any part of the Awards become exercisable, they will remain exercisable until the tenth anniversary of the date of grant.

(B)   Costain Group PLC 2014 Long Term Incentive Plan

On 09 March 2015, awards under the Costain Group PLC 2014 Long Term Incentive Plan (the "LTIP") were made over ordinary shares of 50p each in the Company in the form of nil-cost options (the "Awards"). 

No consideration was paid for the grant of the Awards. 

The vesting of the Awards is subject to the satisfaction of performance conditions set by the Remuneration Committee of the Company, being an EPS target of 83.9p (for 15% vesting) and 96.9p (for 100% vesting), with vesting on a straight-line basis between the two. 50% of the Awards will normally vest three years after grant, subject to the satisfaction of performance conditions over the three year financial period ending 31 December 2017, whilst the remaining 50% of the Awards will normally vest on the fifth anniversary of the date of grant (with no further performance conditions required). The Awards will remain exercisable from the date of vesting of each half of the Awards until the day before the tenth anniversary of the date of grant provided the individual remains an employee or officer of the Company.

Awards were made to the following Executive Directors:

Name of Director	Number of Shares subject to the Award
Andrew Wyllie	141,710
Anthony Bickerstaff	93,883

The Company was informed of the above transactions on 09 March 2015.

10 March 2015

Enquiries:

Costain Group PLC                                                                                    Tel: 01628 842444

Tracey Wood

Company Secretary

Instinctif Partners	Tel: 020 7457 2020
Mark Garraway Helen Tarbet

This information is provided by RNS

The company news service from the London Stock Exchange

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