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.