Business
Completion of bookbuild
Completion of bookbuild.
About this update from Costain Group Plc
[{"type":"text","content":"\n \n \n RNS Number : 2765M\n Costain Group PLC\n 07 May 2020\n \n \n \n \n 7 May 2020\n \n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014.\n \n \n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SWITZERLAND, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BREACH ANY APPLICABLE LAW OR REGULATION. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\n \n \n \n \n \n THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND DOES NOT CONSTITUTE A PROSPECTUS OR PROSPECTUS EQUIVALENT DOCUMENT. NEITHER THIS ANNOUNCEMENT NOR ANYTHING CONTAINED HEREIN SHALL FORM THE BASIS OF, OR BE RELIED UPON IN CONNECTION WITH, ANY OFFER OR COMMITMENT WHATSOEVER IN ANY JURISDICTION. ANY DECISION TO PURCHASE, SUBSCRIBE FOR, OTHERWISE ACQUIRE, SELL OR OTHERWISE DISPOSE OF ANY SECURITIES REFERRED TO IN THIS ANNOUNCEMENT MUST BE MADE SOLELY ON THE BASIS OF THE INFORMATION THAT IS CONTAINED IN THE PROSPECTUS TO BE PUBLISHED BY THE COMPANY IN DUE COURSE.\n \n \n \n \n \n \n \n \n Costain Group PLC\n \n \n (\n \"\n Costain\n \"\n or the \n \"\n Group\n \"\n or the \n \"\n Company\n \"\n )\n \n \n \n \n \n Completion of bookbuilding process\n \n \n \n \n \n Following this morning's announcement, the Company announces the successful completion of the bookbuilding process for the Firm Placing and conditional Placing of Open Offer Shares, which has now closed, and subject to the conditions set out below, will raise gross proceeds of £100 million.\n \n \n \n \n \n Capitalised terms not otherwise defined in this announcement have the meanings given to them in the announcement made by the Company at 7.00 a.m this morning.\n \n \n \n \n \n Firm Placing\n \n \n Pursuant to the Firm Placing, the Firm Placees have agreed to subscribe for 133,348,799 Firm Placing Shares at the Offer Price.\n \n \n Placing and Open Offer\n \n \n In addition, pursuant to the Placing and Open Offer, the Joint Bookrunners have placed 33,317,868 Open Offer Shares at the Offer Price with the Placing Placees, subject to clawback to satisfy valid ...