FILTRONIC PLC

Share Issue/Capital Change • Dec 16, 2015

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RNS Number : 1859J

Filtronic PLC

16 December 2015

NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.

THIS ANNOUNCEMENT IS NOT AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY RIGHTS, ORDINARY SHARES OR OTHER SECURITIES OF THE COMPANY AND NEITHER THIS ANNOUNCEMENT NOR ANYTHING HEREIN FORMS THE BASIS FOR ANY CONTRACT OR COMMITMENT WHATSOEVER.

16 December 2015

Filtronic plc ("Filtronic" or the "Company")

Results of Open Offer

Further to the announcement on 24 November 2015 regarding the proposed Open Offer of up to 19,999,373 Open Offer Shares at 5.0 pence per share, the Company is pleased to announce the results of the Open Offer, which closed for acceptances at 11:00 a.m. on 15 December 2015.

Valid acceptances have been received in respect of 10,033,160 Open Offer Shares, representing a percentage take up of approximately 50.17 per cent of those new Ordinary Shares available under the Open Offer. Eligible Shareholders who have applied for Open Offer Shares will receive their full Basic Entitlement. Eligible Shareholders who have made an application under the Excess Application Facility will receive 100% per cent of the new Ordinary Shares for which they applied. The gross proceeds raised by the Open Offer are approximately £0.5 million.

The Open Offer remains conditional, amongst other things, on shareholder approval, such approval being sought at the General Meeting of the Company to be held today at 12 noon at the offices of Panmure Gordon at One New Change, London, EC4M 9AF. 

Unless otherwise stated, terms and expressions defined in the circular to Shareholders dated 24 November 2015 shall have the same meaning in this announcement.

For further information please contact:

Filtronic plc	Tel. 0113 220 0000
Rob Smith (CEO)
Maura Moynihan (Company Secretary)	Tel. 01274 535 619
Panmure Gordon (UK) Limited	Tel. 020 7886 2500
Dominic Morley / Alina Vaskina (Corporate Finance) Erik Anderson / Tom Salvesen (Corporate Broking)
Walbrook PR Limited	Tel. 020 7933 8780 or filtronic@walbrookpr.com
Paul Cornelius Helen Cresswell	Mob. 07866 394 707 Mob. 07841 917 679

This information is provided by RNS

The company news service from the London Stock Exchange

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