News: COH Cochlear Expects Significant Negative Impact From Covid-19

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    March 25 (Reuters) - Cochlear Ltd (COH) :

    • EXPECTS A SIGNIFICANT NEGATIVE IMPACT FROM COVID-19 FOR AN UNCERTAIN PERIOD OF TIME
    • ANNOUNCES NON-UNDERWRITTEN SHARE PURCHASE PLAN TO RAISE UP TO A$50 MILLION
    • ANNOUNCES FULLY UNDERWRITTEN A$800 MILLION INSTITUTIONAL PLACEMENT
    • PLACEMENT TO BE CONDUCTED AT A$140.00 PER NEW SHARE; TO RESULT IN ABOUT 5.7 MILLION NEW SHARES BEING ISSUED
    • COCHLEAR SAYS OFFER INCLUDES SUSPENSION OF DIVIDEND UNTIL TRADING CONDITIONS IMPROVE AFTER PAYMENT OF 1H20 DIVIDEND ON APRIL 17
 
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Last
$318.63
Change
5.800(1.85%)
Mkt cap ! $20.72B
Open High Low Value Volume
$314.28 $318.72 $313.71 $7.081M 22.35K

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No. Vol. Price($)
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Price($) Vol. No.
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