Helloworld Travel (ASX:HLO) launches $50 million equity raising - Sequoia Direct Pty Ltd

16JulJuly 16, 2020

Helloworld Travel (ASX:HLO) launches $50 million equity raising

Helloworld Travel (ASX:HLO) has launched a fully underwritten $50 million Equity Raising to increase the Company’s balance sheet flexibility and to provide liquidity to help it manage the prolonged period of disruption to the global travel industry.

Travel restrictions remain in place and are expected to last through the remainder of 2020 and into 2021.

As a result, the Company expects TTV to remain at 10–12 per cent of previous levels until September 2020 and then progressively increase as State borders and potential trans-Tasman travel bubbles open.

Shares in Helloworld Travel (ASX:HLO) last traded at $1.97.

Copyright 2020 – Finance News Network

Source: Finance News Network

Related Posts

27JanJanuary 27, 2023

Stocks of the Hour: Dreadnought Resources, Tyro Payments, Fortescue Metals

27 Jan 2023 - A snapshot of the stocks on the move featuring Dreadnought Resources (ASX:DRE), Tyro Payments (ASX:TYR) and Fortescue Metals (ASX:FMG).

01FebFebruary 1, 2023

Stocks of the Hour: Parabellum Resources, AML3D, Antisense Therapeutics

01 Feb 2023 - A snapshot of the stocks on the move featuring Parabellum Resources (ASX:PBL), AML3D (ASX:AL3) and Antisense Therapeutics (ASX:ANP).

10AprApril 10, 2024

Stocks of the Hour: Forrestania Resources, Nico Resources, Wildcat Resources

10 Apr 2024 - A snapshot of the stocks on the move, featuring Forrestania Resources (ASX:FRS), Nico Resources (ASX:NC1) and Wildcat Resources (ASX:WC8).

09JanJanuary 9, 2024

Stocks of the Hour: Si6 Metals, Widgie Nickel, Kingsrose Mining

09 Jan 2024 - A snapshot of the stocks on the move, featuring Si6 Metals, Widgie Nickel and Kingsrose Mining.

12AprApril 12, 2021

Booktopia (ASX:BKG) inks exclusive partnership with Zookal

12 Apr 2021 - Book e-commerce platform Booktopia (ASX:BKG) has announced its exclusive supplier and fulfillment partnership with Zookal Textbooks.

30JanJanuary 30, 2020

Perenti (ASX:PRN) appointed preferred contractor at the Savannah Project

30 Jan 2020 - Diversified mining services company Perenti (ASX:PRN) subsidiary hard-rock underground miner Barminco, has been selected as preferred contractor by Panoramic Resources at the Savannah Project in the Kimberley.

23MarMarch 23, 2021

Genex Power (ASX:GNX) executes connection agreement with Powerlink

23 Mar 2021 - Genex Power (ASX:GNX) has finalised its negotiations with Powerlink Queensland in relation to the connection arrangements for the 250MW Kidston Pumped Storage Hydro Project.

12MarMarch 12, 2021

Elixir Energy (ASX:EXR) struggles as Mongolia coal seam gas exploration continues

12 Mar 2021 - Gas exploration player, Elixir Energy (ASX:EXR) has reported a net loss after tax of over $990,000 for the half year ended 31 December 2020.

03DecDecember 3, 2020

Westpac (ASX:WBC) enters into enforceable undertaking

03 Dec 2020 - Westpac (ASX:WBC) has entered into an enforceable undertaking with the Australian Prudential Regulation Authority (APRA) on risk governance remediation

29AprApril 29, 2021

Stocks of the Hour: IOOF, Newcrest, Fortescue, Resolute Mining

29 Apr 2021 - A snapshot of the top stock news for the hour, featuring IOOF (ASX:IFL), Newcrest Mining (ASX:NCM) Fortescue Metals (ASX:FMG) and Resolute Mining (ASX:RSG).