Jasons Travel Media Limited announces that it has registered a prospectus in support of the offer of shares
Media company Jasons Travel Media Limited announces its initial public offering of new shares.
Jasons is seeking to raise $3,600,000 through the offer of 7,200,000 new ordinary shares at an issue price of $0.50 cents per share and aims to list on the NZAX.
Jasons is offering an opportunity to invest in a long established progressive media business specialising in tourism – one of the region’s most dynamic growth industries.
Jasons presents information to travellers on the web and in print.
Jasons has over 5,800 tourism firms as its customers and reaches more than 12 million travellers a year with its print and web information. Jasons has built a position as a market critical media channel between domestic and overseas travellers and tourism businesses.
The Company has been an innovator throughout its history. Jasons has carefully planned and implemented an aggressive growth strategy. This has included a very significant investment in staff, new products, technology and distribution channels. The Company has emerged as a leading edge, dual media publisher.
More: scoop.co.nz
Related Travel Information
The float of travel media company Jasons has proven popular.
The firm says its 3.6 million share float closed fully subscribed, and the seven million new shares would start trading on the New Zealand alternative exchange at 50 cents each tomorrow.
Jason's chief executive John Sandford will retain a 37% holding, private investors hold 21%, while 42 percent of the firm has been floated. Jasons provides travel information to visitors to New Zealand, Australia and the South Pacific Islands through its publications or the internet.
Source: tvnz.co.nz
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Tax-paid profit was $3.03 million for the four months ended March 31, up 14 per cent on its forecast.
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An excess of travel capacity between Ontario and the United Kingdom along with soaring fuel prices pushed down second-quarter profits at holiday travel company Transat A.T. Inc. by about 15 per cent, the company said Wednesday.
Net income fell to $38.4 million, 91 cents per diluted share, from a year-ago $45.4 million, $1.10 per share.
That was still ahead of analysts expectations of 89 cents per share on average, according to Thomson Financial.
Revenues for the period ended April 30 were $728.9 million, up from $696 million, while the number of travellers increased 9.6 per cent.
Chief executive Jean-Marc Eustache
