On April 5, 2012 Cobham plc announced an acquisition of shares in Thrane &
Thrane, based on their declared perception of Thrane & Thrane as an attractive
potential partner.
The Board of Directors of Thrane & Thrane notes the interest and the fact that most of the minority shareholding of 25.6% was acquired at a published price of DKK 420 per share. The acquisition appears to reaffirm that Thrane & Thrane holds a very strong position and attractive opportunities for further development.
In order to safeguard all shareholders' interest in optimizing the value of the Company while observing the interests of other stakeholders the Board continues the initiated strategic review of the opportunities available to Thrane & Thrane. As announced previously, the Board expects to be able to announce the results from the strategic review no later than May 14, 2012.
Contact: Morten Eldrup-Joergensen, Chairman T.: +45 2618 7780
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, EXPLORER(TM), SAILOR® and AVIATOR through distributors and partners. The company's shares are listed on NASDAQ OMX Copenhagen (THRAN). www.thrane.com.
Attachment:
https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=386754
The Board of Directors of Thrane & Thrane notes the interest and the fact that most of the minority shareholding of 25.6% was acquired at a published price of DKK 420 per share. The acquisition appears to reaffirm that Thrane & Thrane holds a very strong position and attractive opportunities for further development.
In order to safeguard all shareholders' interest in optimizing the value of the Company while observing the interests of other stakeholders the Board continues the initiated strategic review of the opportunities available to Thrane & Thrane. As announced previously, the Board expects to be able to announce the results from the strategic review no later than May 14, 2012.
Contact: Morten Eldrup-Joergensen, Chairman T.: +45 2618 7780
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, EXPLORER(TM), SAILOR® and AVIATOR through distributors and partners. The company's shares are listed on NASDAQ OMX Copenhagen (THRAN). www.thrane.com.
Attachment:
https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=386754