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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Costain Group Plc | LSE:COST | London | Ordinary Share | GB00B64NSP76 | ORD 50P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
3.00 | 3.72% | 83.60 | 83.40 | 84.20 | 84.60 | 81.20 | 82.60 | 486,694 | 16:35:19 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Hghwy,street Constr,ex Elvtd | 1.33B | 22.1M | 0.0799 | 10.51 | 232.42M |
TIDMCOST
RNS Number : 3071P
Costain Group PLC
17 February 2021
Costain Group PLC
("Costain" or "the Company" or "the Group")
Settlement Agreement in relation to the A465 contract
Costain, the smart infrastructure solutions company, announces it has entered into a settlement agreement with the Welsh Government in relation to the A465 contract ("Settlement").
The financial terms of the Settlement are in line with the provision made by the Group for the year ended 31 December 2020. As a result of the Settlement, the Company has certainty of the final account sum payable by the Welsh Government to the Company, including further milestone payments.
Work on the contract is nearing completion, and the Company continues to be responsible for the delivery and the management of associated project risks for the remaining works, which are scheduled to be completed in September 2021.
ENDS
Enquiries:
Costain :
Helen Willis, Chief Financial Officer Tel: 01628 842 444
MHP Communications Tel: 020 3128 Tim Rowntree, Peter Hewer 8100 costain@mhpc.com
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END
AGRZZGMZNVVGMZM
(END) Dow Jones Newswires
February 17, 2021 02:00 ET (07:00 GMT)
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