Cohen(A.) & Co PLC
3 July 2001
STOCK EXCHANGE ANNOUNCEMENT
For immediate release
A. COHEN & CO. PLC
3 July 2001
A. COHEN & CO. PLC ('Cohen' or the 'Company')
RESULT OF 6 FOR 1 RIGHTS ISSUE
The Company's rights issue of 11,194,698 New Ordinary Shares at 25 pence per
share, which was announced on 18 May 2001, closed at 3.00 p.m. on 2 July 2001.
The Board of Cohen announces that valid acceptances have been received in
respect of 1,100,419 New Ordinary Shares, representing approximately 9.8 per
cent. of the total number of New Ordinary Shares offered pursuant to the
Rights Issue. The balance of the New Ordinary Shares will be subscribed for by
the sub-underwriters at the Rights Issue Price of 25 pence per share for those
New Ordinary Shares for which valid acceptances were not received.
Dealings in the New Ordinary Shares commenced, fully paid, at 8.00 a.m. on 3
July 2001. It is expected that CREST stock accounts will be credited for New
Ordinary Shares in uncertificated form on 5 July 2001 and that definitive
share certificates in respect of the New Ordinary Shares will be despatched by
10 July 2001.
Terms defined in the Company's announcement dated 18 May 2001 shall, unless
the context requires otherwise, have the same meanings in this announcement.
Enquiries:
A. Cohen & Co. plc
Royce Ritchie Tel: 00 613 9827 9804
Old Mutual Securities
Graham Ashley Tel: 020 7002 4600
This announcement is issued by A. Cohen & Co. plc and the Directors of A.
Cohen & Co. plc are the persons responsible for the information contained in
this announcement. Old Mutual Securities, a division of Old Mutual Securities
Limited is acting exclusively for A. Cohen & Co. plc and for no-one else in
relation to the Rights Issue and will not be responsible to any other person
for providing the protections afforded to its customers or for providing
advice in relation to the Rights Issue. The contents of this press
announcement do not constitute an offer or invitation to acquire shares in A.
Cohen & Co. plc and are not for release, publication or distribution in the
United States, Canada, Australia, Japan or South Africa.
END
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