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
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