Key Developments: Cobham PLC (COB.L)

COB.L on London Stock Exchange

294.70GBp
29 Jul 2014
Price Change (% chg)

-5.10p (-1.70%)
Prev Close
299.80p
Open
301.70p
Day's High
301.70p
Day's Low
294.50p
Volume
3,874,284
Avg. Vol
1,925,264
52-wk High
329.20p
52-wk Low
227.50p

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Latest Key Developments (Source: Significant Developments)

Cobham Plc updates on acquisition of Aeroflex
Monday, 16 Jun 2014 09:51am EDT 

Cobham Plc:Further to the announcement made on May 20 the Company has today published a circular in relation to the proposed acquisition by the Company of Aeroflex Holding Corp.Circular has been prepared in accordance with the Listing Rules of the Financial Conduct Authority.Acquisition is subject to the approval of the Company's shareholders, and accordingly, the Circular contains a notice convening a General Meeting which is to be held at the offices of Allen & Overy LLP, One Bishops Square, London E1 6AD on July 2.  Full Article

Cobham Plc announces completion of placing
Tuesday, 20 May 2014 07:36am EDT 

Cobham Plc:Completed placing of total 60 mln ordinary shares of 2.5 pence each by Merrill Lynch International and UBS Ltd.Raising gross proceeds of about 180 mln Pound.Placing shares being issued represent about 5.6 pct of Cobham's issued ordinary share capital prior to placing.Expected that admission will take place on May 23.Merrill Lynch International and UBS Limited acted as joint bookrunners in respect of placing.  Full Article

Cobham plc announces proposed placing
Tuesday, 20 May 2014 02:01am EDT 

Cobham plc:Says it is proposing to raise additional equity capital through a placing of around 65 mln ordinary shares of 2.5 pence each in the capital of Cobham.Merrill Lynch International and UBS Limited have been appointed as joint bookrunners in respect of the placing.Net proceeds of the placing are intended to be used to help to fund the acquisition.Says it will apply for admission of the placing shares to the premium listing segment of the Official List of the Financial Conduct Authority and to be admitted to trading on the London Stock Exchange plc's main market for listed securities.It is expected that Admission will take place and that trading in the placing shares will commence on May 23.  Full Article

Aeroflex Holding Corp to be acquired by Cobham plc for about $1.46 bln
Tuesday, 20 May 2014 02:00am EDT 

Aeroflex Holding Corp:Enters into merger agreement with Cobham Plc.Under terms of transaction, Cobham will acquire Aeroflex for $10.50 per share in cash.Total transaction value is about $1.46 bln, including the assumption of Aeroflex's net debt of $540 mln at March 31.Expects transaction to close during third calendar quarter of 2014.Goldman, Sachs & Co. is acting as lead financial advisor and Stifel is acting as co-financial advisor to Company.Schulte Roth & Zabel LLP is acting as legal counsel and Richards Layton & Finger, P.A. is acting as special Delaware legal counsel.  Full Article

Cobham Plc Announces Dividends
Thursday, 8 Aug 2013 02:00am EDT 

Cobham Plc announced that it has approved an interim dividend of GBP0.0264 (2012: GBP0.0240), an increase of 10%, in line with the Group's long standing, progressive dividend policy. The shares will be traded ex-dividend on October 9, 2013 and the interim dividend will be paid on November 8, 2013 to shareholders on the register at October 11, 2013.  Full Article

Cobham Plc Reaffirms FY 2013 Revenue Guidance
Thursday, 8 Aug 2013 02:00am EDT 

Cobham Plc announced that for fiscal 2013, it continues to expect a period of declining US Government budgets, consistent with previous down cycles, and anticipates that its US defence/security revenue will decline by mid-to-high single digits. The Company reported revenue of GBP1.749 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of GBP1.734 billion for fiscal 2013.  Full Article

Cobham Plc Acquires Full Ownership of Helicopter Services Joint Venture
Monday, 15 Jul 2013 02:00am EDT 

Cobham Plc announced that it has completed the acquisition of the 50% shareholding that it did not already own in FB Heliservices Ltd, FB Leasing Ltd and FBS Ltd (together FBH), from its long standing joint venture partner, Bristow Helicopters Limited (Bristow). The transaction comprises cash consideration of GBP74 million payable on completion, together with the assumption of Bristow's share of FBH's net debt.  Full Article

Cobham Plc Announces Share Placing-DJ
Tuesday, 4 Jun 2013 05:23am EDT 

Dow Jones reported that UBS is the sole bookrunner in the placing of 39 million shares in U.K. aerospace firm Cobham Plc with a GBP2.735 to GBP2.80 price range, the Swiss bank said. The offering represents a discount of 4.4% to 2.1% to the closing price on June 3 and the shares sold represent approximately 3.6% of Cobham's share capital.  Full Article

Cobham Plc Wins AUD85 Million Aviation Services Contract Extension From Ok Tedi Mining Limited
Wednesday, 29 May 2013 02:00am EDT 

Cobham Plc announced that it has received a five year contract worth AUD $85 million from Ok Tedi Mining, Limited (OTML), extending the scope of its Fly-in Fly-out (FIFO) aviation services to transport workers to the remote mines in Papua New Guinea through to 2019.  Full Article

Cobham Plc Secures GBP165 Million UK MoD Contract Extension For Air Support Services
Thursday, 23 May 2013 02:00am EDT 

Cobham Plc announced that it has been awarded a five year base contract extension worth GBP165 million by the UK MoD for essential operational readiness training, with an anticipated value of some GBP200 million through to 2019. The contract builds on a 25 year partnership with the Royal Navy and Royal Air Force, using Cobham's extensive understanding of front-line needs and technology know-how to provide training to service personnel operating platforms including the Eurofighter Typhoon and Type 45 Destroyer.  Full Article

Web-connected cabins offer flight path for aerospace investors

LONDON - The web-connected aircraft cabins of the future, powered by technology on show at last week's Farnborough Airshow, are offering a path to investor returns through suppliers like Cobham Plc and Thales SA.

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