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Cobham Share News (COB)

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DIRECTOR DEALINGS: Cobham CEO Murphy Buys 7,500 Shares

Fri, 17th Jun 2016 12:49

LONDON (Alliance News) - Cobham PLC Friday said Chief Executive Officer Robert Murphy bought 7,500 shares at a price of 7.5 pence per share on Thursday.

Murphy's total shareholding was undisclosed.

The defence and aerospace company on Friday said it has secured 100% take-up of its rights issue of shares after the underwriters managed to place the 3% shares not taken up by investors. Cobham, which serves the aviation, maritime, defence and space sectors, raised the GBP506.7 million to shore up its finances after it issued a profit warning in April.

The stock was up 2.3% at 142.00p Friday.

By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun

Copyright 2016 Alliance News Limited. All Rights Reserved.

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