The SPP has received strong support and accordingly Cochlear has decided to increase
the SPP offer size by $170 million to $220 million
• The Institutional Placement and SPP have raised a total of $1.1 billion
• The retail proportion of Cochlear’s ownership remains materially unchanged on
completion of the Institutional Placement and SPP
• Allocation of new shares under the SPP was based on shareholdings as at the SPP
record date of 24 March 2020
• All participating retail shareholders have, subject to the SPP regulatory cap of $30,000,
received above their prorated allocation if they provided sufficient application monies.
Ann: Cochlear Share Purchase Plan Offer Open, page-26
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