Virgin Blue shares in trading halt..

[Greg McDonald]

From ASX:

SHARES in Virgin Blue have gone into a trading halt amid speculation that the carrier will undertake a capital raising.

A statement from the Australian Securities Exchange this morning 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.

[Marty H]

Response from VBH to the ASX as there was report a Sydney newspaper that was incorrect in regard to VBH captial raising.

http://www.asx.com.au/asxpdf/20090713/pdf/31jjq61rn0381p.pdf

[Grant Smith]

Came out of the trading halt just after 3pm and fell 5%

[Andrew P]

Virgin Blue raises $231m, CEO Godfrey to depart

www.smh.com.au (http://business.smh.com.au/business/virgin-blue-raises-231m-ceo-godfrey-to-depart-20090727-dxvn.html)

obviously could not get the right price 2 weeks ago

Banjo

[Michael Morrison]

I presume Godfrey will depart around August next year when DJ turns 10.

[Bruce Bramwell]

Don't presume

At the board's request Brett has agreed to remain with the company through to the end of 2010

[Greg McDonald]

From ASX:

Virgin Blue (ASX:VBA) confirms that the allotment of ordinary shares under the Retail
Entitlement Offer announced on 27 July 2009 will take place today, Tuesday 8 September
2009.
Under the Retail Entitlement Offer, which was oversubscribed, Eligible Retail Shareholders
were able to take up their Entitlement and to apply for Additional New Shares. To ensure
fairness among all shareholders, where Eligible Retail Shareholders made applications for
Additional New Shares in excess of their Entitlement, a scale back has been applied.
Applications for Additional New Shares have been scaled back to a maximum of 0.824
times the shareholder’s original Entitlement under the Retail Entitlement Offer.
Applications for Additional New Shares less than this limit will be allotted in full, as will
applications from Eligible Retail Shareholders for their original Entitlement.
As announced by VBA on 3 September 2009, following the scale back, the Retail
Entitlement Offer is fully subscribed and there will be no shortfall.

[Bruce Bramwell]

0.824 not bad... Great to see that is was 'over' subscribed