Travel company Virgin Australia (ASX:VAH) has announced the completion of its unmarketable share buy-back facility.
Under the terms of the offer, Virgin offered to buy-back shareholdings valued at less than $500 at a price of 30 cents per share.
The proceeds of the buy-back of the shares will be distributed to participating shareholders.
The outcome of the buy-back facility will take the group’s shares on issue from around 8.5 to 8.4 million.
Shares in Virgin (ASX:VAH) closed flat at 21 cents on Friday.