Allotment of shares under the Retail Entitlement Offer
08-Sep-2009 Virgin Blue (ASX:VBA) confirms that the allotment of ordinary shares under the Retail Entitlement Offer announced on 27-Jul-2009 will take place today, Tuesday 8-Sep-2009.
Under the Retail Entitlement Offer, which was oversubscribed, Eligible Retail Shareholders were able to take up their Entitlement and to apply for Additional New Shares. To ensure fairness among all shareholders, where Eligible Retail Shareholders made applications for Additional New Shares in excess of their Entitlement, a scale back has been applied. Applications for Additional New Shares have been scaled back to a maximum of 0.824 times the shareholder's original Entitlement under the Retail Entitlement Offer.
Applications for Additional New Shares less than this limit will be allotted in full, as will applications from Eligible Retail Shareholders for their original Entitlement. As announced by VBA on 3-Sep-2009, following the scale back, the Retail Entitlement Offer is fully subscribed and there will be no shortfall.