Exercise of Share Warrant
April 01 2003 - 7:14AM
UK Regulatory
RNS Number:4815J
Costain Group PLC
01 April 2003
COSTAIN GROUP PLC
Exercise of Share Warrant
Application has been made to the UK listing Authority and to the London Stock
Exchange for the admission of 8,000,010 ordinary shares of 10p each fully paid
ranking pari passu with the existing ordinary shares, to the Official List and
to trading.
These shares are issued pursuant to a Share Warrant Instrument by way of Deed
Poll dated 29 March 2001 in which the Company's Bankers were granted Share
Warrants in return for refinancing the Company's existing term facilities at
that time. A total of 1,600,000 warrants were issued and each warrant gave the
recipient a right to subscribe for 10 ordinary shares at 10p each in the
Company. The exercise price was 112.25p per warrant. Following this exercise
there remains 799,999 warrants in issue.
1 April 2003
Enquiries:
Costain Group PLC
Clive Franks, Company Secretary Tel: 01628 842444
This information is provided by RNS
The company news service from the London Stock Exchange
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