Takeovers panel clears Virgin

Govt panel declines to declare unacceptable circumstances for capital raising.

Virgin Australia Holdings (VAH) has welcomed a decision by the government Takeovers Panel declining to make a declaration of unacceptable circumstances after Stephen Mayne applied to amend the terms of the airline's capital raising.

In a statement to the Australian Securities Exchange, the Takeovers Panel said the outcome of the airline's $350 million entitlement offer will be to maintain substantially the structure of its share register.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles