Reuters logo
4 months ago
UK's Cobham to raise more than 500 mln pounds in rights issue
March 28, 2017 / 6:26 AM / 4 months ago

UK's Cobham to raise more than 500 mln pounds in rights issue

1 Min Read

March 28 (Reuters) - Aerospace and defence company Cobham said on Tuesday it would raise about 512.4 million pounds ($642.6 million) through its rights issue to pay down debt.

The 2 for 5 rights issue of 683.1 million shares was priced at 75 pence per share, a 40.9 percent discount to its Monday close of 126.8 pence.

Cobham, which expects the right issue to be completed in the second quarter, also maintained its 2017 expectations.

$1 = 0.7974 pounds Reporting by Arathy S Nair in Bengaluru; Editing by Mark Potter

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below