Cohort £40m placing
Cohort placed new shares to help pay for EM Solutions, the satellite communications business it agreed to buy from Australia's Electro Optic Systems.
- Company
- Cohort
- Type
- Equity raise
- Status
- Completed
- Date
- 21 Nov 2024
- Value
- £40m
- US$ equivalent
- US$51m
- Value basis
- 4,571,428 new shares at 875p (£40m), with a PrimaryBid retail offer of up to £1m
- Region
- UK
- Segment
- Listed equity
Parties
- Cohort issuer
Key terms
- Price
- 875p a share
- Structure
- Fully underwritten non-pre-emptive placing by accelerated bookbuild, plus a retail offer
- Use of proceeds
- Part of the cash price for EM Solutions
Sources
- Cohort RNS: proposed placing to raise £40 million (Investegate copy) investegate.co.uk · 21 Nov 2024
- Cohort RNS: result of the placing (Investegate copy) investegate.co.uk · 21 Nov 2024
Record DEF-INV-2024-0036. Investments are kept apart from the financings register and never counted in debt totals.
