Advertisement
UK markets closed

  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     

  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     

  • AIM

    755.28
    +2.16 (+0.29%)
     

  • GBP/EUR

    1.1679
    +0.0022 (+0.19%)
     

  • GBP/USD

    1.2494
    -0.0017 (-0.13%)
     

  • Bitcoin GBP

    50,614.12
    -624.26 (-1.22%)
     

  • CMC Crypto 200

    1,304.48
    -92.06 (-6.59%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • DOW

    38,239.66
    +153.86 (+0.40%)
     

  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     

  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,161.01
    +243.73 (+1.36%)
     

  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     

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

Reuters - UK Focus

March 28 (Reuters) - Aerospace and defence company Cobham (Amsterdam: CH6.AS - news) 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 (Other OTC: CBHMF - news) , 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)