COST Costain Group Plc

TIDMCOST

RNS Number : 1721S

Costain Group PLC

29 September 2017

Costain Group PLC

("Costain" or the "Company")

Greater Manchester Waste contract

Further to our announcement on 24 August 2017, Costain, the engineering solutions provider, announces that all the conditions to the consensual termination of the Greater Manchester waste management PFI project (the "Project") have been satisfied.

In accordance with the terms of the consensual termination, Costain has fully demobilised all of its remaining activities relating to the Project and settled all of its obligations under the Project. As previously announced, the financial impact for Costain of the settlement is in line with the provisions we have previously taken for the Project.

29 September 2017

 
 Enquiries: 
  Costain                                 Tel: 01628 842 444 
 Andrew Wyllie CBE, Chief Executive 
  Officer 
 Tony Bickerstaff, Chief Financial 
  Officer 
 Catherine Warbrick, Investor 
  Relations Director 
 Sara Lipscombe, Group Communications 
  Director 
 
 Instinctif Partners                    Tel: 020 7457 2020 
 Mark Garraway 
 James Gray 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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September 29, 2017 02:02 ET (06:02 GMT)

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