FILTRONIC PLC
14 OCTOBER 1999
Filtronic plc ('Filtronic')
Result of Rights Issue
The Board of Filtronic is pleased to announce that, by 3.00 p.m. on 13 October
1999, the latest time for acceptances under the Rights Issue, valid
acceptances had been received in respect of 9,911,337 new Ordinary Shares,
representing approximately 98.66 per cent. of the new Ordinary Shares offered
by way of rights at 730p per share.
Subscribers have today been procured for the 135,004 new Ordinary Shares for
which valid acceptances were not received, at a price of 1075p per share. This
represents a premium of 345p per share over the Rights Issue Price of 730p.
The net proceeds, after deduction of the Rights Issue Price and the expenses
of procuring subscribers, will be paid pro rata by cheque to the provisional
allottees originally entitled thereto, except that individual entitlements of
less than £3.00 will not be paid but will be aggregated and retained for the
benefit of Filtronic. Sub-underwriters will not be required to subscribe for
any shares.
It is expected that definitive certificates in respect of the new Ordinary
Shares will be despatched to Shareholders and, where applicable, CREST
accounts will be credited, by 27 October 1999.
14 October 1999
Enquiries
Filtronic plc
Chris Schofield 01274 530622
WestLB Panmure Limited
Tim Linacre 0171 638 4010
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