Monday, February 13, 2012
Subscribe free of charge to receive a daily e-mail with the headline news from TravelDailyNews International. Just click the check-marked button.
Member of :
Qantas Announces Successful Completion of $450 Million Equity Placement
Monday, October 22, 2001
Melbourne, Australia<.> - Qantas Airways<.> Limited announced it had raised $450 million via a placement of approximately 148 million fully paid ordinary shares to local and offshore institutions at $3.05 per share.
The placement was underwritten by UBS Warburg, Merrill Lynch and Deutsche Bank and completed by a global overnight bookbuild.
Qantas Chief Executive Officer, Mr Geoff Dixon, said Qantas was very pleased with the response from investors, with the amount raised by the placement increased to $450 million to meet the strong demand for the offering.
The funds raised will enable Qantas to maintain a strong balance sheet through prudent funding of the expansion of our longer-term domestic fleet capacity. The new generation aircraft will allow Qantas to continue to improve services to our customers, Mr Dixon said.
Qantas also announced that all Australian and New Zealand shareholders will be able to subscribe for up to $3,000 worth of shares at the placement price of $3.05, without incurring brokerage or other transaction costs.
Qantas has a significant number of loyal small shareholders who have held their investment in Qantas since it was privatised. The Share Purchase Plan gives our shareholders the opportunity to participate in the equity raising at the same price as institutions, without incurring any charges, Mr Dixon said.
The date for determining entitlements to receive an offer under the Share Purchase Plan is 26 October 2001. The shares issued will rank equally with existing ordinary shares on issue. Any additional funds raised under the Share Purchase Plan will be used to fund the fleet expansion.
If the subscriptions received by Qantas from shareholders under the Share Purchase Plan exceed $230 million, Qantas will be required by law to scale back the number of shares issued to shareholders under this offer.
Full details of the Share Purchase Plan will be set out in documentation which will shortly be sent to shareholders.
The placement was underwritten by UBS Warburg, Merrill Lynch and Deutsche Bank and completed by a global overnight bookbuild.
Qantas Chief Executive Officer, Mr Geoff Dixon, said Qantas was very pleased with the response from investors, with the amount raised by the placement increased to $450 million to meet the strong demand for the offering.
The funds raised will enable Qantas to maintain a strong balance sheet through prudent funding of the expansion of our longer-term domestic fleet capacity. The new generation aircraft will allow Qantas to continue to improve services to our customers, Mr Dixon said.
Qantas also announced that all Australian and New Zealand shareholders will be able to subscribe for up to $3,000 worth of shares at the placement price of $3.05, without incurring brokerage or other transaction costs.
Qantas has a significant number of loyal small shareholders who have held their investment in Qantas since it was privatised. The Share Purchase Plan gives our shareholders the opportunity to participate in the equity raising at the same price as institutions, without incurring any charges, Mr Dixon said.
The date for determining entitlements to receive an offer under the Share Purchase Plan is 26 October 2001. The shares issued will rank equally with existing ordinary shares on issue. Any additional funds raised under the Share Purchase Plan will be used to fund the fleet expansion.
If the subscriptions received by Qantas from shareholders under the Share Purchase Plan exceed $230 million, Qantas will be required by law to scale back the number of shares issued to shareholders under this offer.
Full details of the Share Purchase Plan will be set out in documentation which will shortly be sent to shareholders.
Bookmark this page:
Signature of the EU-Australia agreement on Passenger Name Records (PNR)
Theodore Koumelis
-
Tuesday, October 18, 2011
Austrialia’s Carbon Tax is another cost burden on a struggling industry
Theodore Koumelis
-
Friday, October 14, 2011
Qantas Airways and British Airways have called off their merger talks
Vicky Karantzavelou
-
Friday, December 19, 2008
Menzies Aviation lands Qantas Airways in Los Angeles
Theodore Koumelis
-
Wednesday, November 19, 2008
Qantas Airways increases non-stop flight schedule between Los Angeles and Brisbane
Vicky Karantzavelou
-
Tuesday, April 26, 2005
Qantas To Purchase 17 New Aircraft And Revamp Domestic Operations
Vicky Karantzavelou
-
Thursday, October 25, 2001
