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United States

Cobham PLC (COB.L)

COB.L on London Stock Exchange

138.00GBp
20 Jan 2017
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6,574,605
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224.35
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124.32

Latest Key Developments (Source: Significant Developments)

Cobham appoints new Chief Financial Officer
Wednesday, 29 Jun 2016 02:00am EDT 

Cobham Plc : Cobham plc appoints new Chief Financial Officer . Appointment of David Mellors as chief financial officer . Starting date is to be confirmed but not expected to be later than 1 January 2017 .Cobham plc appoints new Chief Financial Officer.  Full Article

Cobham says bookrunners procured subscribers for remaining rights issue shares
Friday, 17 Jun 2016 05:47am EDT 

Cobham Plc : BofA Merrill Lynch, Jefferies procured subscribers for remaining 15.9 million shares not validly taken up in rights issue .BofA Merrill Lynch and Jefferies International limited have procured subscribers at a price of 138 pence per new ordinary share..  Full Article

Books are covered for Cobham rights issue - bookrunner
Friday, 17 Jun 2016 03:44am EDT 

Bookrunner : Cobham: bookrunner says books are covered; order below 138p risk missing the transaction; books will close at 9am uk for rights issue (((Bengaluru Newsroom +91 806 749 1136);)).  Full Article

Cobham says received acceptances in respect of about 97.21 pct of rights issue
Friday, 17 Jun 2016 02:00am EDT 

Cobham Plc :Received acceptances in respect of 553.4 million new shares (representing about 97.21 pct of shares offered) pursuant to rights issue.  Full Article

Price guidance of reference to market on Cobham rights issue - bookrunner
Friday, 17 Jun 2016 02:00am EDT 

Bookrunner : Cobham: bookrunner says price guidance of reference to market; books expected to close with short notice today on rights issue (((Bengaluru Newsroom +91 806 749 1136);)).  Full Article

Cobham says wins major contract by Airbus
Thursday, 2 Jun 2016 09:20am EDT 

Cobham Plc : Cobham wins major raims contract . Cobham awarded major contract by Airbus to provide raims .Major contract is worth several hundred million usd over period.  Full Article

Cobham says intends to raise 506.7 million stg by way of rights issue
Wednesday, 1 Jun 2016 02:17am EDT 

Cobham Plc : Confirms that it intends to raise £506.7 million (before expenses) by way of rights issue . 1 for 2 fully underwritten rights issue of 569,287,950 new ordinary shares to raise gross proceeds of £506.7 million (approximately £487 million net of expenses) . Directors intend to take up in full new ordinary shares to which they are entitled under rights issue . Confirms its intention to pay a rebased total dividend in respect of 2016 which is equal in absolute quantum to £126 million dividend announced for 2015 . Issue price of 89 pence per new ordinary share represents a discount of 45.4% to closing price on 31 may 2016 . Rights issue is fully underwritten by BofA Merrill lynch and jefferies international limited and is not subject to shareholder approval .Board is planning to reduce group's indebtedness through rights issue, which it believes to be in shareholders' best interests.  Full Article

Cobham PLC announces Divestment of Surveillance Business
Friday, 15 Jan 2016 02:00am EST 

Cobham PLC:Says it has completed the divestment of its Surveillance business, to an affiliate of Marlin Equity Partners for US$10 mln cash.  Full Article

Cobham Plc announces divestment of metelics business for $38m
Tuesday, 15 Dec 2015 02:00am EST 

Cobham Plc:Says it has completed the divestment of its Metelics business to M/A-COM Technology Solutions Inc for $38 mln in cash.  Full Article

Meggitt PLC completes acquisition of advanced composites businesses of Cobham plc
Wednesday, 25 Nov 2015 02:01am EST 

Meggitt PLC:Confirms that acquisition of advanced composites businesses of Cobham plc (Cobham Advanced Composites Limited, Compass Composites Products Inc and certain assets of Cobham Advanced Electronic Solutions Inc) for $200 mln in cash has been completed.Says acquired businesses will be integrated into Meggitt's polymers and composites division.  Full Article

UPDATE 3-British aerospace company Cobham misses profit target, scraps dividend

* Shares fall as much as 21 pct (Adds CEO, CFO comments from analyst call)