Virgin Australia Completes buy-back facility

Company News

by Anna Napoli

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.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.