Norwegian Air's shareholders backs share sale rights issue
- Country:
- Norway
Norwegian Air's shareholders endorsed on Tuesday the loss-making airline's plan for a deeply discounted cash call to help fill its coffers, Chairman Bjoern Kise said. Norwegian Air announced on Jan. 29 it would raise 3 billion Norwegian crowns ($348 million) in a rights issue, just days after British Airways owner IAG ruled out a bid for the budget carrier.
More than 99 per cent of shares represented at an extraordinary general meeting of shareholders on Tuesday backed the proposal, company officials said. In the rights issue, Norwegian's owners will get two subscription rights to buy shares for every share they currently own, and new shares will be sold at 33 crowns each, compared with Monday's closing price of 93 crowns.
(With inputs from agencies.)
- READ MORE ON:
- Air Europa
- Air France
- Delta Air Lines
- Frontier Airlines
- Alaska Airlines
- Vietnam Airlines
- Shareholders' agreement
- Board of directors
- Share price
- Owner's manual
- Box truck
- Truck driver
- For sale by owner
- Oakland Raiders
- British Airways
- IAG Performance
- IAG Cargo
- Norwegian Air
- airline
- shareholders
ALSO READ
L'Occitane owner plans second try to take company private, sources say
LS polls: Cinema owner, manager in Punjab's Patiala booked for MCC violation
Case registered against owner, managers of Cinema halls for violation of MCC: Punjab CEO
Zara owner Inditex demands clarity from cotton certifier accused of standard breaches
Swiggy introduces 'Pawlice' initiative to help reunite missing pets with their owners
Google News