10th Sep 2024 21:14
Costain Group PLC - Maidenhead, England-based construction and engineering firm - Redburn Europe Ltd says ASGC Construction LLC intends to sell around 30.0 million shares in Costain through a placing to institutional investors. The placing represents around 10.8% of Costain's share capital. The price will be determined by way of an accelerated bookbuilding process which will start immediately. Costain is not party to the placing and will not receive any proceeds. ASGC will be locked up in respect of its residual holding for a period of 90 days post settlement of the placing. Redburn Europe Ltd is acting as sole bookrunner.
Current stock price: 105.00 pence
12-month change: up 77%
By Jeremy Cutler, Alliance News reporter
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