Business
Proposed £100 million Capital Raising
Proposed £100 million Capital Raising.
About this update from Costain Group Plc
[{"type":"text","content":"\n \n \n RNS Number : 1973M\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OF EU REGULATION 596/2014.\n \n \n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SWITZERLAND, NEW ZEALAND,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 \n Proposed £100 million Capital Raising by way of Firm Placing and Placing and Open Offer of 166,666,667 New Ordinary Shares at 60 pence per share\n \n \n \n \n \n Further to the Company\n '\n s announcement on 11 March 2020, Costain is pleased to announce that it proposes to raise gross proceeds of approximately £100 million by way of a Firm Placing and Placing and Open Offer of, in aggregate, 166,666,667 New Ordinary Shares at an issue price of 60 pence per New Ordinary Share.\n \n \n \n \n \n The Firm Placing and the Placing are being conducted by way of an accelerated bookbuild process (the \"Bookbuild\"), which will be launched immediately following this announcement (the \"Announcement\") and is subject to the terms and conditions set out in the Appendix to this Announcement (which forms part of this Announcement) (the \"Appendix\"). \n \n \n \n \n \n Liberum Capital Limited (\"Liberum\") and Investec Bank plc (\"Investec\") are each acting as Joint Global Coordinator, Joint Bookrunner and ...