14 03 2016

Chemring Group PLC’s £80.8 Million Rights Offering

Simmons & Simmons has advised Investec, J.P. Morgan Cazenove, as Joint Sponsors and Joint Bookrunners, and Barclays as Co-Bookrunner in connection with Chemring Group PLC’s £80.8 million rights issue.


Chemring provides a range of advanced technology products and services to the aerospace, defence and security markets in locations around the world. The proceeds of the rights issue will be used to assist Chemring with reducing its indebtedness thereby enabling additional time and resources to be made available for further operational improvement and adequate investment. The team was led by corporate partner Chris Horton (Picture) and US securities laws partner Charles Hawes, and included corporate supervising associate Paul Cruise, US securities laws associates Jim McInerney and Daniel Maalo and corporate trainees Dan King and Camilla Jessel. Partner Nick Cronkshaw and associate Laura Allwright provided specialist tax advice. Involved fees earner: Chris Horton - Simmons & Simmons; Charles Hawes - Simmons & Simmons; Paul Cruise - Simmons & Simmons; Jim McInerney - Simmons & Simmons; Daniel Maalo - Simmons & Simmons; Daniel King - Simmons & Simmons; Camilla Jessel - Simmons & Simmons; Nick Cronkshaw - Simmons & Simmons; Laura Allwright - Simmons & Simmons;

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