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Cobham PLC (COB.L)

COB.L on London Stock Exchange

129.60GBp
26 Apr 2017
Change (% chg)

-0.90 (-0.69%)
Prev Close
130.50
Open
130.10
Day's High
130.50
Day's Low
128.70
Volume
646,444
Avg. Vol
11,788,776
52-wk High
154.51
52-wk Low
89.07

Latest Key Developments (Source: Significant Developments)

Tel-Instrument Electronics says commencement of Cobham/Aeroflex litigation
Monday, 10 Apr 2017 01:20pm EDT 

Tel-Instrument Electronics Corp :Commencement of Cobham/Aeroflex litigation in Kansas District Court; Trial is expected to be completed next month.  Full Article

Cobham updates on 2017 performance share plan awards, buy-out award
Tuesday, 4 Apr 2017 06:23am EDT 

Cobham Plc : Further details in respect of 2017 performance share plan awards and buy-out award in respect of CEO's 2016 PSP award at his previous employer . Intended that awards will be made as soon as practicable following completion of rights issue and once company is no longer in a closed period .As previously disclosed, CEO will receive a 2017 PSP award of 200% of salary and CFO 150% of salary.  Full Article

Cobham to raise about 512.4 mln stg through rights issue
Tuesday, 28 Mar 2017 02:00am EDT 

Cobham Plc : On 2 March 2017, Cobham Plc announced that it intended to carry out a rights issue of new ordinary shares, to be completed in Q2 2017 . Board of directors of Cobham today confirms that it intends to raise approximately 512.4 million stg (gross proceeds) by way of rights issue . 2 for 5 fully underwritten rights issue of 683,145,540 new ordinary shares to raise gross proceeds of approximately £512.4 million (approximately 496.6 million stg net of fees and expenses) . Directors intend to take up in full new ordinary shares to which they are entitled under rights issue . Reduction in net debt during 2016 was below board's expectations at time of 2016 rights issue (as defined below) largely due to lower than expected underlying EBITDA and free cash flow generation in year . There were also adverse exchange rate movements primarily arising on translation of group's non-sterling denominated debt . Group's current balance sheet is not strong enough to support operations of group, given important role it plays in many customer programmes . Group is targeting a net debt/EBITDA ratio of approximately 1.5X .Progress towards this target needs to be accelerated to give group's customers, suppliers and employees confidence in group's financial position.  Full Article

BRIEF-UK's FCA probes Cobham over information handling ahead of 2016 rights issue news
Monday, 27 Mar 2017 06:34am EDT 

Cobham Plc : Was informed orally by FCA that it was being referred for investigation . Investigation in connection with co's handling of inside information prior to its trading update, rights issue announcement on April 26, 2016 . Company is cooperating fully with FCA and will update market on outcome in due course .Proposed rights issue announced on March 2, 2017 remains on track.  Full Article

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

More From Around the Web

BRIEF-Tel-Instrument Electronics says commencement of Cobham/Aeroflex litigation

* Commencement of Cobham/Aeroflex litigation in Kansas District Court; Trial is expected to be completed next month Source text for Eikon: Further company coverage: