Article from The Australian website.
Virgin in trading halt amid capital raising speculation
July 13, 2009
Article from: The Australian
SHARES in Virgin Blue entered a trading halt today amid speculation that the carrier will undertake a capital raising.
A statement from the Australian Securities Exchange today said shares in Virgin Blue would be placed in pre-open, pending the release of an announcement by the company.
Shares in Virgin Blue closed on Friday at 30.5 cents.
Responding to press reports that Virgin Blue plans to raise up to $400 million via a capital raising, a spokeswoman today said the carrier had not hired a lead manager and any report of a possible capital raising by the airline was speculation.
"It's pure speculation," the spokeswoman said.
With AAP, Dow Jones Newswires