20-Nov-2012 8:44 AM

Air New Zealand maintains 19.99% holding in V Australia

Air New Zealand maintained (19-Nov-2012) continuous ownership of Virgin Australia Holdings Ltd at 19.995% following the issue of new Virgin Australia Holding shares to Singapore Airlines earlier on 19-Nov-2012. The transaction occurred simultaneously with the new shares to Singapore Airlines and involved the purchase of 49.14 million Virgin Australia shares, equating to close to 2% of the issued capital in the company. The transaction was reported through a special crossing. No dollar figure was put on the transaction. As part of Singapore Airlines’ acquisition of a stake in Virgin Australia, the company issued 245.6 million shares to Singapore Airlines at an issue price of AUD 42.88 cents per share. [more - original PR] [more - original PR - II] [more - original PR - III]