Business
Results of Capital Raising and General Meeting
Results of Capital Raising and General Meeting.
About this update from Costain Group Plc
[{"type":"text","content":"\n \n \n RNS Number : 1447O\n Costain Group PLC\n 28 May 2020\n \n \n \n \n 28 May 2020\n \n \n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SWITZERLAND, NEW ZEALAND,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 \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 AND INCORPORATED BY REFERENCE INTO THE PROSPECTUS REFERRED TO BELOW. A COPY THE PROSPECTUS IS AVAILABLE ON \n \n \n WWW.COSTAIN.COM\n \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 Results of Capital Raising and General Meeting \n \n \n \n \n \n On 7 May 2020, the Company announced details of a proposed Firm Placing and Placing and Open Offer (the \"Capital Raising\") to raise gross proceeds of £100 million, approximately £80 million by way of a Firm Placing of 133,348,799 Firm Placing Shares and approximately £20 million by way of a Placing and Open Offer of 33,317,868 Open Offer Shares, in each case at an issue price of 60 pence per New Ordinary Share. The Open Offer Shares were conditionally placed with institutional investors at the Offer Price, subject to clawback to satisfy valid applications by Qualifying Shareholders pursuant to the Open Offer. The Firm Placing Shares were not subject to clawback and were not part of the Open Offer.\n \n \n The Open Offer closed for acceptances at 11:00 a.m. on 27 May 2020. The Company has received valid acceptances from Qualifying Shareholders under their basic Open Offer Entitlements in respect of 27,771,561...