Both Qantas and Lend Lease announced the successful completion of their capital raisings.
http://www.lendlease.com/llweb/llc/main.nsf/all/fi_shareprice
http://www.qantas.com.au/info/about/investors/index
Posts Tagged ‘QAN’
Qantas and Lend Lease Both Succeed in Capital Raisings
Friday, February 6th, 2009Qantas Stalling, While Jetstar Still Climbing
Thursday, February 5th, 2009Qantas announced a profit before tax of $288 million for the half-year to 31 December 2008, a 68.2 % decrease on the prior comparative period and reaffirmed its full year profit before tax (PBT) outlook of around $500 million for the 12 months to 30 June 2009.
Qantas Airlines was affected by a downturn in premium and international travel, with a decline in passenger revenue, and the impact of industrial disruption, but nevertheless produced a $199 million profit.
Jetstar continued to expand its network in Australia and internationally, increasing overall capacity by 13.4 percent. Jetstar produced a $72 million profit.
http://www.qantas.com.au/info/about/investors/index
Qantas To Raise A$500 Million
Thursday, February 5th, 2009Qantas has today announced that it launched a capital raising comprising an underwritten institutional placement of A$500 million and a non-underwritten share purchase plan (SPP) enabling eligible shareholders to subscribe for up to A$10,000 of ordinary shares.
The equity capital raising is being undertaken to enhance financial flexibility and support the fleet renewal program, increase the diversity of funding, reduce net debt and support Qantas’ investment grade credit rating.
Under the share purchase plan each eligible shareholder can purchase new Qantas shares up to a maximum of A$10,000. The offer will be open from 18 February 2009 to 11 March 2009 and the price will be determined as the lower of the five day volume weighted average trading price prior to and including the closing date of 11 March 2009 or the final institutional placement price. Participation in the share purchase plan will be limited to shareholders resident in Australia or New Zealand.
At this time it is anticipated that the trading halt currently in place will be lifted at the commencement of trading on 5 February 2009, pending successful completion of the placement.
http://www.qantas.com.au/info/about/investors/index
