Costain holds its third extraordinary meeting (EGM) in the space of a year today. The company, which is building the Newbury bypass will ask shareholders to approve the raising of a minimum £5.4m through another share issue. It also wants to ratify part of its rescue plans and the issuing of shares to two key overseas investors.
There have been two profit warnings, two suspensions of dealings in the company’s shares, two major restructuring announcements and an annual general meeting since the last EGM.
- The Daily Telegraph 06/01/97 page 22 (City Diary)
- Financial Times 06/01/97 page 20
- The Times 06/01/97 page 41
