FLT 1.56% $15.73 flight centre travel group limited

FLT SPP, page-36

  1. 80 Posts.
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    I wish I got my full allocation but as per the media release, a fair system was used.

    Some 104,719 FLT shareholders were eligible to participate in the SPP. FLT received valid applications from 19,304 shareholders with an average application amount of approximately $17,912 for a total value of $350million, almost nine times the amount that the company initially intended to raise via the SPP.

    Given the very high level of interest, applications were subsequently scaled back on a prorata basis having regard to the relative shareholding of eligible shareholders as at Record Date who applied for new fully paid ordinary shares in the SPP. All eligible shareholders who made a valid application were allocated a minimum of 35 shares with a value of $511. All successful applicants will receive a number of shares that at least maintains the percentage security holding after the SPP that they held prior to the equity raising, subject to the application cap, and the amount required.

 
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