Thrane & Thrane A/S
The board of directors of Thrane & Thrane announces statement concerning offer from Cobham

Thrane & Thrane A/S 

03.05.2012 14:44

Dissemination of a Adhoc News, transmitted by DGAP - a company of
EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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On 19 April 2012, Cobham announced a voluntary public offer concerning the
shares of Thrane & Thrane A/S. As announced earlier today, Cobham PLC (through
Lockman Electronic Holdings Ltd.) and Thrane & Thrane A/S have reached an
agreement on the terms of an increased offer. 

The offer price is increased from DKK 420 to DKK 435 in cash per share of DKK
20. At the same time, the board of directors of Thrane & Thrane has declared
that it will recommend to the shareholders that they accept Cobham's increased
offer. 

In compliance with Section 14 of the Danish Take Over Order, the board of
directors of Thrane & Thrane must prepare a statement in respect of the offer.
The statement is hereby released. 

The board of directors' statement to the shareholders included the following
conclusion: 

On the basis of the above and Cobham's declared intentions with a view to the
future development of Thrane & Thrane, and the fairness opinion provided, the
Board has unanimously, with the exception of Lars Thrane, decided to recommend
the Shareholders to accept the Offer. 

Due to his significant shareholding in the Company and the potential conflict
of interest associated herewith, Lars Thrane has not participated in the
preparation of this statement and the Board's recommendation. Lars Thrane has
entered into an irrevocable undertaking with the offeror to tender his shares
to the offeror at the offer price per share. 

Earlier today, Cobham (Lockman Electronic Holdings Ltd.) published a supplement
to its offer document dated 19 April 2012. The offer will remain open until 21
May 2012. 

Reference is made to Cobham's announcements dated 12 March, 5 April, 10 April,
19 April and 3 May 2012 and to company announcements from Thrane & Thrane dated
27 February, 12 March, 26 March, 5 April, 10 April, 19 April and 3 May 2012. 


Appendix: Statement by the Board of Directors of Thrane & Thrane A/S concerning
the voluntary public offer submitted on 19 April (and amended on 3 May 2012) by
Lockman Electronic Holdings Ltd., a 100% owned subsidiary of Cobham PLC. 


Contact
Morten Eldrup-Jørgensen, Chairman
Tel. (+45) 26 18 77 80 (mobile)
News Source: NASDAQ OMX



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Language:     English
Company:      Thrane & Thrane A/S
              
               
              Denmark
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         DK0010279215
WKN:          
 
End of Announcement                             DGAP News-Service
 
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