Last checked at 17 Mar 2014 11:44
Costain Group PLC (the "Company")
Results of General Meeting held on 17 March 2014
Further to the announcements made on 27 February 2014 and earlier today in respect of the Capital Raising, the Company is pleased to announce that at the General Meeting of the Company held at 10.00 a.m. today the Resolutions, as set out in the Notice of General Meeting found at the end of the combined circular and prospectus of the Company published on 27 February 2014, were each duly passed on a show of hands.
Details of the proxies from shareholders in respect of each Resolution are set out below:
TOTAL VOTES CAST | VOTES FOR | VOTES AGAINST | VOTES WITHHELD | |
Resolution 1 (authority to allot shares) |
38,556,476
|
35,188,407 (91.26% of votes cast)
|
3,368,069 (8.74% of votes cast)
|
53,477
|
Resolution 2 (authority to incur borrowings) |
38,597,812
|
38,396,882 (99.48% of votes cast)
|
200,930 (0.52% of votes cast)
|
12,141
|
Resolution 3 (final dividend) |
38,609,423
|
38,592,498 (99.96% of votes cast)
|
16,925 (0.04% of votes cast)
|
530
|
Notes:
1. Percentages are expressed as a proportion of the total votes cast (which does not include votes withheld)
2. A vote withheld is not a vote in law and is not included in the calculation of the votes 'For' or 'Against' the Resolutions, nor the total votes cast.
3. Any proxy appointments which gave discretion to the Chairman have been included in the 'For' totals.
A copy of this announcement confirming the proxy figures will be available on the Company's website.
In accordance with Listing Rule 9.6.2R, copies of the Resolutions will be submitted to the National Storage Mechanism, where they will shortly be available for inspection at www.morningstar.co.uk/uk/NSM. In addition, copies of the Resolutions will also be filed with Companies House.
The Capital Raising remains conditional upon:
(i) the Placing Agreement becoming unconditional; and
(ii) Admission becoming effective by not later than 8.00 a.m. on 18 March 2014 or such later time and/or date as Rothschild and the Bookrunners may agree.
Admission is expected to take place on 18 March 2014.
17 March 2014
ENQUIRIES:
Costain Group PLC | Tel: 01628 842 444 |
Tracey Wood Company Secretary | |
Instinctif Partners | Tel: 020 7457 2020 |
Mark Garraway | |
Helen Tarbet |