12th Sep 2007 07:03
Costain Group PLC12 September 2007 FOR IMMEDIATE RELEASE 12 September 2007 COSTAIN GROUP PLC ("COSTAIN" OR THE "COMPANY") The Board of Costain notes the recent press comment. As previously announced,Costain continues to examine ways to strengthen its balance sheet in order totake advantage of the commercial opportunities available to it. The Board confirms that preparations for an underwritten equity issue, pursuantto which the Company would raise up to £60 million (net of expenses), andincreased banking and bonding facilities are at an advanced stage and theCompany will make a fuller announcement alongside its interim resultsannouncement on 14 September 2007. Contacts: College Hill Tel: 020 7457 2020Mark GarrawayMatthew Gregorowski This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Costain