Qantas Airways raises USD51m through share purchase plan

Qantas completed (10-Aug-2020) its non underwritten share purchase plan announced on 25-Jun-2020, raising approximately AUD71.7 million (USD51.4 million). This follows Qantas' approximately AUD1.4 billion (USD1 billion) underwritten placement to institutional investors, which was successfully completed on 01-Jul-2020. The share purchase plan closed on 05-Aug-2020 and received valid applications totalling AUD71.7 million from 8660 eligible shareholders. This represents a participation rate of approximately 5% of 173,343 eligible shareholders and an average application amount of AUD8200 (USD5878). [more - original PR]