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Webjet Ltd Completes AUD 25 Million Placement


Wednesday, 12 Dec 2012 05:52pm EST 

Webjet Ltd announced that it has completed a placement of approximately 6.9 million new Webjet ordinary shares at AUD3.60 per share to institutional and sophisticated investors to raise approximately AUD25 million of additional capital. The proceeds of the placement will be used to fund the acquisition of Zuji in Australia, Hong Kong and Singapore that was announced on December 12, 2012. Settlement of the placement is scheduled to occur on December 19, 2012 and the new shares are expected to be allotted and begin trading on December 20, 2012. New shares issued under the placement will rank equally with existing Webjet shares. 

Company Quote

2.75
0.02 +0.73%
16 Apr 2014