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News

6 September 2006

 

Bookham raises $23.5m

Optical component, module and subsystem maker Bookham Inc of San Jose, CA, USA has raised about $23.5m after entering into a definitive agreement for the private placement of 8,696,000 newly issued shares of common stock at $2.70 per share, and five-year warrants to purchase 2,174,000 shares, with selected institutional investors.

The warrants, which will become exercisable after 1 March 2007, have an exercise price of $4 per share, a premium of about 26% over the closing price of the common stock on 31 August 2006.

Certain additional institutional investors have the right to purchase, on or before 19 September, up to 2,898,667 shares and warrants to purchase up to 724,667 shares at the same purchase price as the initial investors.

Bookham intends to use the proceeds for general working capital purposes.

Visit: http://www.bookham.com