Qantas Group Completed ~A$1,360 Million Underwritten Placement

  • Jun 26, 2020 AEST
  • Team Kalkine

Qantas Airways Limited (ASX:QAN) has successfully completed approximately A$1,360 million fully underwritten placement of nearly 372.7 million new shares to institutional investors at a per-share price of A$3.65.

The Qantas Group mentioned that it had received strong support from both new investors and existing shareholders, with the demand to participate in the placement substantially more than the funds that Qantas sought to increase.

Almost 94% of the Placement shares were allocated to its existing shareholders. The Placement Shares are anticipated to settle on 30 June 2020, and on 1 July 2020 begin trading on the ASX on a normal basis.

 


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