17th Jan 2007 14:31
Costain Group PLC17 January 2007 COSTAIN GROUP PLC ("Costain" or "The Company") DOCUMENTS REGARDING PROPOSED REVISION OF GROUP BORROWING LIMIT AND RATIFICATIONOF CERTAIN PAST BORROWINGS As reported in the Company's announcement on 18 December 2006, the Company hasbeen in breach of the borrowing restriction set out in its articles ofassociation since 2002. Shareholder approval to an amendment of the restrictionis required. The Company will today issue a circular to its shareholdersconvening an Extraordinary General Meeting to be held at 10:30am on 2 February2007 at Westminster Central Hall, Storeys Gate, Westminster, London SW1H 9NH.The resolutions to be put to the meeting propose to alter the restriction onborrowings imposed by the Company's articles of association, to ratify pastbreaches of the current borrowing restriction and to release directors from anyliability to the Company in connection with those breaches. Copies of the circular have been submitted to the UK Listing Authority and willshortly be available for inspection by the public during normal business hourson any weekday (public holidays excepted) at the UK Listing Authority's DocumentViewing Facility, which is situated at The Financial Services Authority, 25 TheNorth Colonnade, Canary Wharf, London E14 5HS. 17 January 2007 Enquiries:Costain Tel: 01628 842 444 Andrew Wyllie, Chief ExecutiveTony Bickerstaff, Finance DirectorGraham Read, Public RelationsCollege Hill (PR adviser to Costain) Tel: 020 7457 2020Mark GarrawayMatthew Gregorowski This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Costain