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Helloworld $30m success

HELLOWORLD has successfully completed its institutional placement of new shares (TD Fri), raising $29.75 million which will go towards its $14 million half purchase of MTA Travel, costs of the deal and retirement of debt. Seven million new shares have been issued at $4.25 each, a 7.4% discount to the 30-day volume-weighted average price of $4.59. In an update to the ASX this morning, Helloworld ceo Andrew Burnes said the placement had attracted significant demand from new and existing domestic and international investors. "We are ...

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