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Cobham completes rights issue

05 May 2017 09:48

Cobham has completed its two-for-five rights issue announced on 28 March.

Cobham said it received valid acceptances in respect of 669,584,312 new ordinary shares - approximately 98.01% of those offered - and BofA Merrill Lynch and J.P. Morgan Cazenove had procured subscribers for the remaining 13,561,228 new ordinary shares not validly taken up at 137p apiece.

Cobham said qualifying shareholders who did not take up their rights in the rights issue would receive any premium to the rights issue price of 75p per new ordinary share less related expenses, so long as the amount in question is at least £5.00.

At 9:48am: (LON:COB) Cobham PLC share price was +0.45p at 138.45p

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