FLT share placement plan raises $14.9 million

Flight Centre Limited (FLT) has raised $14.9million through a Share Purchase Plan (SPP) that was offered to the company’s shareholders.

Under the SPP, which closed on December 7, 3184 FLT shareholders acquired a total of 635,083 shares at $23.50 per share.

The money raised is expected to be directed towards funding future growth opportunities.

The SPP followed a placement of approximately 4.25million shares to institutional and sophisticated investors at $23.50 to raise $100million to part fund FLT’s Liberty

Travel acquisition in the United States.

The Liberty acquisition is expected to complete early in the 2008 calendar year.