2011 Final Dividend - Scrip Alternative

RNS Number : 0235E

Costain Group PLC

24 May 2012

 



COSTAIN GROUP PLC

("Costain")

2011 Final Dividend - Scrip Alternative

Costain announces that, following approval by shareholders at the Company's 2008 AGM of the scrip dividend scheme, elections have been made by shareholders to receive 133,133 ordinary shares of 50p each in the Company ("Shares") in lieu of cash in respect of all or part of their final dividend for the year ended 31 December 2011 ("Final Dividend"), to be paid on 25 May 2012.

Application has therefore been made for the admission ("Admission") of 133,133 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 25 May 2012.

The resultant interest, upon Admission, of the Director who has elected to receive the Final 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	302	17,835	0.027%

Upon Admission the total number of Shares in issue, and therefore the total number of voting shares, is 65,478,625 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.

24 May 2012

ENQUIRIES:
Costain Group PLC	Tel: [phone]
Tracey Wood, Company Secretary
College Hill	Tel: [phone]
Mark Garraway
Helen Tarbet

 

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