Costain Group plc (GB:COST) has released an update.
Costain Group PLC has announced a reduction in the nominal value of its Ordinary Shares from 50 pence to 1 pence, effective from May 17, 2024. This change, ratified by shareholders at the Annual General Meeting, will not alter the company’s issued share capital or the shareholders’ proportional interests. The rights associated with these Ordinary Shares, including voting, dividends, and capital return rights, remain unaffected by this valuation adjustment.
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