Costain Group's certain directors elect to receive 37,358 ordinary shares in lieu of cash for final dividend.
M2 EQUITYBITES-20 May 2010-Costain Group's certain directors elect to receive 37,358 ordinary shares in lieu of cash for final dividend(C)2010 M2 COMMUNICATIONS http://www.m2.com
Engineering and construction company Costain Group plc (LSE:COST) announced today that its shareholders approved the scrip dividend scheme at its annual general meeting on 6 May 2010 and elected to receive 37,358 ordinary Costain shares of GBP0.50 each in lieu of cash of all or part of their final dividend for the year ended 31 December 2009.
This dividend will be paid on 21 May 2010.
Costain has applied for admission of the new shares to the Official List of the UK Listing Authority and trading on the London Stock Exchange's market for listed securities. Further, it said that these will rank pari passu with its existing issued shares and trading will begin on 21 May 2010.
Director Andrew Wyllie who will receive 624 shares will have 28,217 shares at admission or 0.044% of issued Shares; and Michael Alexander who will receive 96 shares will have 4,341 at admission or 0.006% of issued shares.
The total number of issued shares and voting shares will be 63.5m shares upon admission.
There are no shares held in Treasury and shareholders may use the above figure to decide if they need to notify their interest in, or a change to their interest in Costain's share capital as per the Financial Service Authority's Disclosure and Transparency Rules.
((Comments on this story may be sent to firstname.lastname@example.org))
|Printer friendly Cite/link Email Feedback|
|Publication:||M2 EquityBites (EQB)|
|Date:||May 20, 2010|
|Previous Article:||Balfour Beatty selected by NPR for preconstruction services and construction of new headquarters.|
|Next Article:||CSR's wireless audio platform for LG Electronics' Bluetooth headset and hands-free car kit.|