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FLIGHT CENTRE TRAVEL GROUP LIMITED (FLT)

Listed on ASX

SHARE PRICES

(updated at weekends)

Former (or subsequent) names

Shareholder links

Our website ranking of FLT: rating 5
(5 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Computershare Investor Services, Level 11 172 St Georges Terrace Perth WA 6000

Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 7 3229 9860
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000FLT9
Address: 275 Grey Street South Brisbane QLD 4101
Tel:  (07) 3170 7979 Fax: (07) 3102 5148

Date first listed: 01/12/1995
Company Secretary: Mr David Smith
Sector: Consumer Services Industry Group: XDJ
Activities: The selling of international and domestic travel

The suspension of trading in the securities of Flight Centre Travel Group Limited will be lifted from the commencement of trading today, Tuesday 7 April 2020 following the release by FLT of an announcement regarding the outcome of FLT's institutional placement and the institutional component of its accelerated nonrenounceable entitlement offer.

07/04/2020

Approximately A$562 million raised under the fully underwritten Placement and Institutional Entitlement Offer at A$7.20 per New Share. Strong support from existing eligible institutional shareholders with take up of approximately 96% under the Institutional Entitlement Offer. A fully underwritten Retail Entitlement Offer to raise approximately A$138 million. Retail Entitlement Offer opens on Wednesday, 15 April 2020 and closes at 5.00pm (Sydney time) on Friday, 1 May 2020. Proceeds of the Offer will be used to strengthen Flight Centre's balance sheet and liquidity position to trade through this period of dislocation and uncertainty across the travel sector.

07/04/2020

The company releases a cleansing notice in relation to the pro rata accelerated non-renounceable entitlement offer.

06/04/2020

The company releases a notice of Proposed issue of Securities - FLT.

06/04/2020

The company provides an update on its operations and its current equity raising.

06/04/2020

The company announces a comprehensive package of initiatives designed to strengthen its balance sheet and liquidity position in the context of prevailing market uncertainties and position it for future growth. The initiatives include: A ~$700 million fully underwritten equity capital raising, comprising a ~$282 million institutional placement and a ~$419 million 1-for-1.74 accelerated pro rata non-renounceable entitlement offer; and A $200 million increase in commitments from existing lenders; and Confirmation that the previously announced cost control initiatives and cash preservation initiatives are anticipated to reduce annualised operating expenses by approximately $1.9 billion.

06/04/2020

The company expects the voluntary suspension to remain in place until the earlier of the company releasing an announcement in relation to the outcome of the proposed equity raising and the commencement of normal trading on 8 April 2020.

06/04/2020

The company xpects the voluntary suspension to remain in place until the earlier of the company making an announcement to the market and the commencement of normal trading on Monday, 6 April 2020.

30/03/2020

Three-pronged plan in place to tackle prolonged coronavirus-driven travel downturn. Costs, cash & liquidity focuses "“ without jeopardising future growth prospects & while maintaining company culture. Pre-coronavirus staffing levels now unsustainable "“ significant reductions needed to better reflect prevailing trading climate & preserve jobs for the long-term. About 6,000 support & sales roles to be lost globally either temporarily or permanently & including 3,800 people in Australia (temporarily stood-down). Intention is to return stood-down people to workforce when restrictions are lifted & demand increases. Short-term opportunities available for impacted employees "“ access to up to 10,000 roles in Australia. Strong customer focus to be retained "“ in low demand environment, work-force helping travellers adjust plans or fly home ahead of enforced border closures.

26/03/2020

The company releases a notice of cancellation of dividend.

25/03/2020

The company releases a letter to its people, customers and shareholders.

23/03/2020

The company requests short-term suspension to finalise coronavirus response. The company has also cancelled its 2020 fiscal year interim dividend. The 40 cents per share dividend was declared on 27 February and a total of $40.1 million was to have been paid to shareholders in April 2020; and implemented a 50% pay-cut for FLT's senior leaders.

23/03/2020

The securities of Flight Centre Travel Group Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of FLT, pending the release of an announcement regarding the impact of the Coronavirus on FLT's business.

23/03/2020

name changed from Flight Centre Limited

06/11/2013

ASX Announcements (courtesy of ASX)

 

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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    17/04/2020John Eales4,000$10.860$43,440
    14/11/2019Colette Garnsey1,250$40.661$50,826
    11/11/2019John Eales2,000$39.786$79,572
    30/04/2019Robert Baker1,000$38.530$38,530
    26/02/2018Colette Garnsey3,000$53.480$160,440

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Gary SmithChairman02/11/2007
    Graham TurnerManaging Director, CEO17/11/1987
    Melanie Waters-RyanCEO11/12/2019
    Chris GalantyCEO11/12/2019
    Adam CampbellCFO12/08/2015
    Robert BakerNon Exec Director20/09/2013
    Colette GarnseyNon Exec Director08/02/2018
    John EalesNon Exec Director13/09/2012
    Andrew FlanneryGeneral Manager01/07/2003
    Haydn LongInvestor Relations

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Cassandra KellyNon Exec Director01/09/201402/08/2016
    Peter MorahanNon Exec Chairman07/11/200701/09/2014
    Peter BarrowNon Exec Director19/10/199520/09/2013
    Geoff HarrisAlternate Director01/01/198731/01/2008
    Bruce BrownNon Exec Chairman20/12/200501/11/2007
    Howard StackNon Exec Director24/08/199501/11/2007
    Shane FlynnCEO, Executive Director01/07/198701/09/2005
    Norman Coldham-FussellNon Exec Chairman24/08/199530/06/2005
    Chris GreiveExecutive Director, Executive01/08/200129/01/2004
    Jim GoldburgAlternate Director01/01/198729/01/2004
    Bill JamesAlternate Director01/01/198729/01/2004

    Date of first appointment, title may have changed.