Last checked at 28 Oct 2010 13:07
Costain Group PLC
("Costain" or "the Company")
The 2010 Interim Dividend - Scrip Alternative
Costain announces that, further to approval by shareholders at the Company's AGM on 6 May 2010 of the Scrip Dividend Scheme, elections have been made by shareholders to receive 24,703 ordinary shares of 50p each in the capital of the Company ('Shares') in lieu of cash in respect of all or part of their interim dividend for the year ended 31 December 2010 ('Interim Dividend') to be paid on 29 October 2010.
Application has therefore been made for the admission ('Admission') of 24,703 new shares to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for Listed Securities. The new shares will rank pari passu with the Company's existing issued Shares and dealings are expected to commence on Friday, 29 October, 2010.
The resultant interest, upon Admission, of the director who has elected to receive the Interim Dividend in the form of shares is set out below:
Director | Shares to be received under scrip dividend elections | Resultant interest in Shares (at Admission) | % of issued Shares (at Admission) |
Michael Alexander | 60 | 9,263 | 0.014% |
Upon Admission the total number of Shares in issue, and therefore the total number of voting shares, is 63,486,932 Shares. There are no shares held in Treasury. The above figure may be used by shareholders to determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Service Authority's Disclosure and Transparency Rules.
28 October 2010
Enquiries:
Costain | Tel: 01628 842 444 |
Clive Franks, Company Secretary | |
College Hill | Tel: 020 7457 2020 |
Mark Garraway | |
Adam Aljewicz |