Costain Group Announces Holding Change
Why we think this is neutral
This RNS announcement does not contain any major news that would significantly impact the company's performance or outlook. It is a routine notification of a change in shareholding, which is informational in nature.
Key Points
- OP Fund Management Ltd now holds 8,127,753 shares in Costain Group PLC
- The threshold for notification of major holdings was exceeded due to the reduction in the total number of shares
Summary
The engineering and construction firm has announced a change in shareholding, with OP Fund Management Ltd increasing its stake in the company.
Costain Group PLC has announced that OP Fund Management Ltd has increased its stake in the company to 3.000746% of the total voting rights. This change in shareholding was triggered by a reduction in the total number of shares resulting from Costain's share buyback programme.
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