14th Sep 2007 14:05
Costain Group PLC14 September 2007 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY ORINDIRECTLY, IN OR INTO, THE UNITED STATES, CANADA, FRANCE, JAPAN, MALAYSIA, NEWZEALAND, SOUTH AFRICA OR SWITZERLAND OR IN OR INTO ANY JURISDICTION WHERE TO DOSO WOULD BREACH ANY APPLICABLE LAW. Costain Group plc ("Costain") PUBLICATION OF PROSPECTUs Further to the announcement made earlier today, Costain announces that theprospectus (the "Prospectus") in connection with the three for four rights issue(the "Rights Issue") of new ordinary shares (the "New Ordinary Shares") to raiseapproximately £60 million (net of expenses) at an issue price of 24 pence perNew Ordinary Share is being posted today. Costain shareholders (subject to certain exceptions) will be mailed a Prospectus(which includes notice of an extraordinary general meeting (the "ExtraordinaryGeneral Meeting") to be held at 10:30am on 2 October 2007 in connection with theRights Issue) and a form of proxy (the "Form of Proxy") in respect of theExtraordinary General Meeting. Copies of the Prospectus and Form of Proxy will be available in due course fromthe Company's website at www.costain.com, and will be available for inspectionduring normal business hours on Monday to Friday each week (public holidaysexcepted) from and including the date of publication of the Prospectus until 26October 2007, at the registered office of Costain at Costain House, NicholsonsWalk, Maidenhead, Berkshire SL6 1LN. Copies of the Prospectus will be madeavailable free of charge upon request. In addition, the Prospectus and Form of Proxy will shortly be available forinspection at the UK Listing Authority's Document Viewing Facility at theFinancial Services Authority, 25 North Colonnade, Canary Wharf, London, E14 5HS. 14 September 2007 Contacts: Costain Group PLC Tel: 020 7705 8444 Andrew Wyllie, Group Chief Executive Tony Bickerstaff, Group Finance Director Hawkpoint Partners Limited (Financial adviser and Sponsor) Tel: 020 7665 4500 Christopher Kemball Chris Robinson Arbuthnot Securities Limited (Joint broker to Costain) Tel: 020 7012 2000 James Steel Richard Dunn Dresdner Kleinwort Limited (Joint broker to Costain) Tel: 020 7623 8000 Charles Batten Michael Covington College Hill (PR advisers) Tel: 020 7457 2020 Mark Garraway Matthew Gregorowski Hawkpoint Partners Limited, which is authorised and regulated in the UnitedKingdom by the Financial Services Authority, is acting as financial adviser andsponsor to Costain and is acting for no one else in connection with the RightsIssue and will not be responsible to anyone other than Costain for providing theprotections afforded to clients of Hawkpoint Partners Limited, nor for providingadvice in connection to the Rights Issue or any other matter referred to herein. Arbuthnot Securities Limited, which is authorised and regulated in the UnitedKingdom by the Financial Services Authority, is acting exclusively for Costainand for no one else in connection with matters described in this announcementand is not advising any other person or treating any other person as its clientin relation to matters described in this announcement and will not beresponsible to anyone other than Costain for providing the protections affordedto clients of Arbuthnot Securities Limited, or for giving advice to any otherperson in relation to the contents of this announcement or any other matterreferred to in this announcement. Dresdner Kleinwort Limited, which is authorised and regulated in the UnitedKingdom by the Financial Services Authority, is acting exclusively for Costainand for no one else in connection with matters described in this announcementand is not advising any other person or treating any other person as its clientin relation to matters described in this announcement and will not beresponsible to anyone other than Costain for providing the protections affordedto clients of Dresdner Kleinwort Limited, or for giving advice to any otherperson in relation to the contents of this announcement or any other matterreferred to in this announcement. This announcement does not constitute an offer to sell or the solicitation of anoffer to acquire or subscribe for New Ordinary Shares. The offer to acquire NewOrdinary Shares pursuant to the proposed Rights Issue will be made solely on thebasis of the information contained in the Prospectus. This announcement is not an offer of securities for sale in, into or from theUnited States, Canada, France, Japan, Malaysia, New Zealand, South Africa orSwitzerland. The New Ordinary Shares have not been and will not be registeredunder the US Securities Act of 1933 (as amended) or under any relevantsecurities laws of any state or other jurisdiction of the United States, andwill not qualify for distribution under any of the relevant securities laws ofCanada, France, Japan, Malaysia, New Zealand, South Africa or Switzerland.Accordingly, the New Ordinary Shares may not be offered, sold, taken up,exercised, resold, renounced, transferred or delivered, directly or indirectly,within the United States (absent registration or an applicable exemption fromregistration) or within Canada, France, Japan, Malaysia, New Zealand, SouthAfrica or Switzerland. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Costain