As announced on April 10, 2012, Cobham plc today submitted a voluntary tender offer to the shareholders of Thrane & Thrane A/S for acquisition of shares in the company at a cash price of DKK 420 per share. The tender offer is subject to certain specified conditions.
The tender offer is not a result of negotiations between Cobham plc and the Board of Directors of Thrane & Thrane A/S.
The tender offer is available at the website of the Danish Financial Supervisory Authority, http://oasm.finanstilsynet.dk/dk/soegmeddelelse.aspx
Pursuant to Executive Order no. 221 of March 10, 2010 on takeover bids, the Board of Directors intends to publish a statement setting out the Board of Directors’ opinion on the tender offer on or before May 3, 2012. As previously announced, a strategic review is currently being made. The results of this work will form part of the basis for the Board of Directors’ opinion of the tender offer. When published, the statement will be available at www.thrane.com.
Carnegie has been appointed financial advisers to the Board of Directors of Thrane & Thrane A/S.
Contact:
John Alexandersen, Vice President, Corporate Communications & Investor Relations,
tel. (+45) 39 55 88 00, mobile (+45) 22 72 38 22
About Thrane & Thrane
Thrane & Thrane is the world’s leading manufacturer of equipment and systems for global mobile satellite and radio communication. Since its incorporation in 1981, the company has achieved a leading position within global mobile satellite services based on the Inmarsat system. The company provides equipment for use everywhere – on land, at sea and in the air. The company's communication products are marketed worldwide under the brands Thrane & Thrane, EXPLORERTM, SAILOR® and AVIATOR through distributors and partners. The company’s shares are listed on NASDAQ OMX Copenhagen (THRAN). www.thrane.com.
