17th Mar 2014 13:13
LONDON (Alliance News) - Costain Group PLC Monday said all 22.3 million shares offered as part of its placing and open offer were taken up.
Last month, the firm said it planned to raise GBP75.1 million by in a firm placing of 11.1 million shares and a placing and open offer of 22.3 million shares, all at 225 pence per share.
The strong support from investors comes after the construction giant reported a fall in pretax profit for 2013 following the failed bid for rival firm May Gurney.
http://allapp.alliancenews.com/article?u=7d5ac78deef444e7833a34e4c6715854&a=1393508523588699000
The stock was trading at 259.87 pence Monday afternoon, up 7.62 pence or 3.0%.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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